High-yield Debt Issuers Start to Line Up
With the US Fed's QE3 decision out of the way and some well bid high-grade bond offerings in the books this month, LatAm's expected high-yield pipeline is beginning to take shape. Peruvian home improvement retailer Maestro and Colombia Telecomunicaciones (Coltel) plan to meet investors ahead of new transactions, hoping to take advantage of demand for corporate paper from their two countries. Colombia Telecomunicaciones is considering a benchmark-size 2022 bond denominated in USD or Colombian pesos, according to sources familiar with the plans. Fitch notes...
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