Guatemala

The Central American Bottling Corporation (CBC), a major bottler and distributor for drinks giants PepsiCo and AmBev, raised $200m of funding in bond markets on Tuesday in an effort to refinance debt and support its cash balance.

Guatemala battled difficult market conditions on Thursday to issue its first 30 year bond since 2004 as part of a dual-tranche issue as investors continue to seek long-dated paper.

The Central American renewable energy subsidiary of multinational conglomerate Corporación Multi Inversiones (CMI) will begin investor meetings on Friday as it seeks to become the first debut issuer from Latin America since May.

Central American sovereign Guatemala sold $500m of dollar bonds on Wednesday in a deal that came roughly flat to its curve.

Guatemalan electricity distributor Energuate’s heavily oversubscribed debut bond closed two points above reoffer on the day of pricing to cap a hectic week in Latin American new issue markets.

The success of Argentine province Neuquén’s $366m bond issue on Thursday left bankers confident that the Latin America bond market was more than capable of taking on the flurry of rare and debut issuers coming its way next week.

Central America’s largest electricity distribution company could make its debut in international bond markets next week after mandating three banks to arrange an investor roadshow.

The Central American Bottling Corporation (CBC) will redeem all of its $300m of bonds due 2022 after pricing a new 10 year deal that has performed very strongly in secondary markets.

Brazilian aircraft manufacturer Embraer and Guatemala-headquartered Central American Bottling Corporation (CBC) showed that Latin American bond markets had put the softness at the end of last week behind them with heavily oversubscribed trades on Wednesday.

Central American sovereign Guatemala sold its first international bond in three years this week, with market participants saying a strong technical bid from local investors helped it to a relatively tight yield.

Guatemala will undertake a second day of investor calls on Thursday ahead of what is likely to be the its first international bond since February 2013.