Mexico
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Huge financial support eases Pemex's immediate debt risks, but does not cure operational problems -
The sovereign has issued well over $10bn in just two days to fund liability management for Pemex
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Authorities are trying to re-establish Pemex as a standalone issuer
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Reform will be very painful, but worth it
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Investors have praised the deal, and Pemex's spread to the sovereign has crunched tighter
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Three corporates printed this week, as did Peru in its own currency
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Mexican issuers stride into primary market after Trump proposed then delayed tariffs
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Mexico’s largest private power generator lands $1.1bn 10 year issued at corporate level
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LatAm’s most prolific sovereign issuer draws over €8bn of orders for dual tranche on tricky day
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Investors are "cautious" on LatAm credit, said one fund manager
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Fibra Uno and El Puerto de Liverpool each market dual tranche deals
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Concessions for Mexico, JBS, Chile and Codelco stay slim as appetite for credit remains broad
