Creating and distributing additional copies is prohibited without the permission of the publisher. Contact subscriptions@latinfinance.com.

Lower-Rated Borrowers to Test Market

Nov 1, 2011

Despite a weak backdrop Monday, two split-rated borrowers and one junk name announced fixed-income investor meetings yesterday in a sign that the window may be opening for issuers further down the credit spectrum. This follows a series deals in recent weeks by solid blue-chips that have helped prepare the ground for others to follow. Arguably, Empresa de Energia de Bogota (EEB) and Instituto Costarricense de Electricidad (ICE) which begin roadshows today, are not traditional sub-investment grade names given their quasi-sovereign status, and they...

To continue reading please take a free trial, subscribe or login below.


Already have an account?

Subscribe

Subscribe now for unlimited access to all current and archive news, data and market analysis. 

Subscribe

Free trial

Take a free two-week trial now for the latest news, data and market analysis.

Free Trial



LatinFinance Events

Poll

Are populist governments like Venezuela & Argentina turning pragmatic?

Vote