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

Paraguay Tightens Its Way into LatAm Bond Club

Jan 18, 2013

The Republic of Paraguay has made its anticipated international bond debut, raising $500m at a tighter than expected 4.625% level and getting about $5bn demand. The 2023 bond priced inside of Bolivia, who itself debuted last year bringing similar political and macroeconomic risk. Paraguay becomes the latest high-yield borrower to capitalize on low US rates and heavy demand for exotic credits. “Timing could not have been better for Paraguay,” notes a participating EM sovereign bond investor following the trade. The Ba3/BB minus/BB minus trade priced at par with a 4.625% coupon to yield 4.625%,...

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

Will ABS become more interesting for LatAm borrowers as US monetary policy normalizes?

Vote    





Printing isn't available for this page.