Latin America

  • Amaggi hits Lat Am sweet spot with sustainability bond

    Amaggi hits Lat Am sweet spot with sustainability bond

    Bond bankers said that Brazilian agribusiness company André Maggi (Amaggi) was the ideal credit for the market’s current tastes as the borrower notched a hefty oversubscription and tightening for a debut sustainability bond on Thursday. A tier two deal from Brazilian lender Banrisul confirmed that high yield appetite in Lat Am remained robust.

  • EM primary thrives but rates fears simmering

    EM primary thrives but rates fears simmering

    Emerging markets issuers across CEEMEA and Latin America once again triumphed in primary bond markets this week, with several sovereigns and corporates notching record low costs of funding. But there are signs that the direction of US rates is playing on investors’ minds, write Mariam Meskin and Oliver West.

  • Unifin launches exchange, plots new deal

    Unifin launches exchange, plots new deal

    Mexican non-bank lender Unifin Financiera is planning an eight year bond issue of up to $500m, with up to $200m set to come via an exchange offer for existing bonds. But bondholders participating in the exchange are unlikely to receive much by way of increased returns for pushing out their maturities.

  • Panama, Paraguay pay limited concession as 10 year emerges as sweet spot

    Panama, Paraguay pay limited concession as 10 year emerges as sweet spot

    Bond markets continue to offer Latin American sovereigns tight pricing down the dollar curve, with Panama and Paraguay on Wednesday becoming the latest pair to price dual tranche deals. But with rates curves having steepened this month amid the expectation of higher rates in the long term, bankers are sensing that the 10 year is becoming the sweet spot on the maturity curve.

  • YPF battle is a bad omen for Argentina bondholders

    YPF battle is a bad omen for Argentina bondholders

    Creditors of Argentine state-owned oil and gas company YPF are fighting for their rights after being asked to participate in a debt exchange that would cause them material losses. But even if bondholders rebuff what appears to be an opportunistic offer, the attempted deal is another bad omen for investors in Argentina.

  • 'No action' best way to block YPF exchange, says second creditor group

    'No action' best way to block YPF exchange, says second creditor group

    A group of investors holding more than a quarter of YPF’s $6.228bn of outstanding international bonds have confirmed that they will not participate in the company’s exchange offer, but say they do not believe they need to take further steps, for now, to block the deal.

  • Banrisul to follow Itaú with tier two

    Banrisul to follow Itaú with tier two

    Banco do Estado do Rio Grande do Sul (Banrisul), the 10th largest bank in Brazil, is approaching international bond investors for the first time since 2012 as it looks to return to markets with a tier two bond issuer.

Latin America News Archive