Central America
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Buying back debt cheaply does nothing for long-term debt sustainability nor bond market access -
Lender’s dollar bond could push region’s smaller issuers to “get off the fence” and restart issuing
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Tangelo, the issuer formerly known as Mexarrend and Docuformas, will not make coupon payment on January 24
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Rare single-B name notches $400m but costs too high for most
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As a single-B rated credit, Liberty Costa Rica would be an unusual reopener for LatAm corporate bond issues
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Secondary performance suggests additional demand but public credit head happy to kick off funding early
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Sovereigns find exceptional issuance window but market still fragile
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Small size divides opinion but default looks unlikely in the short term
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Leasing firm seeks to avoid fate of other Mexican non-bank lenders
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Deal is the first in Swiss francs from Central America since August
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Manufacturing is booming and could be ‘significant’ to credit profile
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Results indicate focus on medium-term payment capacity as president plans second tender
