Collective action clauses could shield investors from a sharp haircut in a possible default, analyst says
Category: Capital Markets
Posted inDaily Brief
Investors chase yield with Pemex bonds
Bondbuyers pile into the $7.5bn debt deal, attracted by 7% returns and improving prospects for the state-owned oil company
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Trisul prices share sale
Brazilian homebuilder earns $99m from a follow-on offering and increases its capital stock to $212m
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Unidas starts up local notes
Brazilian car rental company looks to add $50m to working capital with debenture deal
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Crédito Real heads to Europe
Mexican lender could issue $500m in new euro-denominated notes to buy back $300m in a 2023 dollar bond
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Omega offers shares
Brazilian renewable energy company could raise up to $315m for acquisitions
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Petrobras puts four refineries on the block
Brazil’s state-owned oil company sends out teasers for downstream assets in Minas Gerais, Amazonas, Ceará and Paraná
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Jamaica funds buyback with new notes
Sovereign issuer adds $815m to its 2045s to help repurchase $1.16bn in old notes
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Investors sign on to Avianca bond swap
Colombian airline unlocks a $250m loan from United and Kingsland after swapping 86% of 2020 notes for new 2023s
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IDB Invest cuts costs on Mexican floater
Multilateral lender prices a three-year note at 3bp below the TIIE as orders come in three times above the issued amount