Debt Issuers Hit Choppy Market

Market conditions are less than ideal, with LatAm bonds wider and the tone jittery, as a number of issuers proceed with roadshows for deals scheduled to price this week. Argentina’s Edenor is shopping a $220m 10-year non-call 5 144s/Reg S bonds issue (B2/B) to high-yield institutionals in London and New York via Citi and Deutsche Bank. Mifel, a Mexican bank, last week launched a European roadshow for $100m in perpetual bonds. The tour hit London yesterday and will come to the US this week, with Deutsche leading. Meanwhile, City of Bogotá wraps up a roadshow for $300m equivalent in 2028 COP-denominated notes Thursday in Boston. Leads Citi and Deutsche have not yet issued guidance.