Tag Archives: LatAm DCM

LatAm DCM issuers ‘never had it so good’

Conditions in the international debt capital markets have never been as favourable as now for Latin American issuers, say bankers. The buy side tends to agree, with complaints about pricing becoming more frequent. Investors cite the recent sovereign trade for … Continue reading

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Ecuador next to test high yield access?

Rafael Correa swept back to power in Ecuador’s presidential election in February and is set to evaluate re-entry to the international capital markets as a means to generate much-needed investment capital. Ecuador is heavily reliant on earnings from oil, which … Continue reading

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Is the future of LatAm DCM local?

The volume of deals from Latin American issuers in the international debt capital markets – almost all dollar-denominated – has spiked in the past three years. In 2012 the $100 billion threshold was broken, after reaching more than $90 billion in … Continue reading

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Underwriter predicts Cielo’s record low pricing will be beaten soon

Cielo, a Brazilian card-payment processor, created a new record low-yield for a Brazilian corporate issuer of 10-year debt. The $875 million transaction was rated BBB+/Baa2 and priced at 99.316 with a 3.750% coupon to yield 3.833% or US treasuries plus … Continue reading

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