Latin America

  • LatAm primary charges on with ‘incredible’ deals

    LatAm primary charges on with ‘incredible’ deals

    Four Latin America and Caribbean companies sold new issues in the dollar market at very tight looking levels on Thursday, as investors continue to feel pressure to put to cash to work amid extremely high liquidity.

  • Gol lands on 8% yield target as investors eye aviation recovery

    Gol lands on 8% yield target as investors eye aviation recovery

    Brazilian airline Gol on Thursday sold the first public bond deal from a Latin American airline since the coronavirus pandemic began, increasing the size of a tap of its 8% 2026s as hopes grow that the vaccine rollout will accelerate in the region and enable the worst affected industries to recover.

  • Chile leans on foreign buyers with $2bn deal

    Chile leans on foreign buyers with $2bn deal

    Chile raised $2bn in dollar markets on its fourth international bond market outing of the year on Tuesday, achieving slim new issue concessions even as volatility in domestic markets is leading the sovereign to lean more heavily on external funding sources.

  • Belize and bondholders fall out over IMF, GDP rebasing

    Belize and bondholders fall out over IMF, GDP rebasing

    A committee of Belize’s largest bondholders said on Wednesday that there was a “lack of transparency” in the country’s debt restructuring proposal, claiming that Belize failed to address several creditor concerns during confidential negotiations. The committee said bondholders should not bear the costs if Belize decides to reject an IMF programme.

  • AI Candelaria hits road with Colombian sell-off contained

    AI Candelaria hits road with Colombian sell-off contained

    AI Candelaria, the holding company through which private investors own a stake in Colombian oil pipeline Ocensa, is looking to issue senior secured bonds in the coming days as bankers say a sell-off in Colombian bonds remains relatively small despite major social unrest.

  • Banco General impresses with first Panama AT1

    Banco General impresses with first Panama AT1

    Banco General’s additional tier one debut on Tuesday came with a slimmer spread to its senior curve than similar instruments from Latin American banks, said bankers, as the Panamanian lender printed $400m of perpetual non-call 10 subordinated notes.

  • Chile notches $2bn on fourth helping of 2021

    Chile notches $2bn on fourth helping of 2021

    The Republic of Chile, until recently a rare issuer in international bond markets, sold its fourth cross-border bond of 2021 on Tuesday, becoming the fourth Latin America sovereign of the year to take advantage of a more liquid 20 year US Treasury to price a benchmark at that maturity.

  • Vesta plots SLB as recent LatAm deals slide

    Vesta plots SLB as recent LatAm deals slide

    Mexican industrial parks operator Corporación Inmobiliaria Vesta began investor calls on Monday as it looks to become the latest Latin American issuer to join the sustainability-linked bond (SLB) club. Though bankers continue to see LatAm companies obtaining pricing benefits from SLBs, a handful of recent deals are trading below re-offer in secondary.

  • Gol eyes 8% yield as it preps 2026 tap for take-off

    Gol eyes 8% yield as it preps 2026 tap for take-off

    Gol, Brazil’s largest airline, is looking to reopen a private placement sold in December with the aim of making it a public benchmark this week. As it looks to double the size of the 8% June 2026 bond from $200m to $400m, Gol told investors at its roadshow presentation that it expected the yield on the tap to be around 8%.

Latin America News Archive
LatAm Letter

 

Our coverage — led by our correspondent in Bogotá, Colombia, with support from the emerging markets desk in London — gives you the comprehensive story on how Latin America’s governments, banks and companies are financing themselves in bond markets.

GlobalCapital is the place to read LatAm deal analysis, market reaction, the drivers behind issuance trends, and about all the important goings-on in secondary markets and the increasingly busy world of debt restructuring.




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