LatAm Issuers Hit Fierce Headwinds

May 7, 2010

Brazil’s Odebrecht was hoping Thursday to get a mid-6% yield on its new perpetual bond, according to investors, though LatAm issuers face elevating risk aversion after another bloody day on Wall Street. “For the first time we saw a clear step-up in Euro-zone contagion into EM,” says RBC in an EM research note. “The risk of sovereign defaults in Southern Europe is sufficiently...

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