Market Troubles Creep in on Local Debt Deals

Market Troubles Creep in on Local Debt Deals

Brazilian and Mexican domestic market bond deals had showed a bit of immunity to the rough conditions that have affected the international bond markets – that is, deals were getting done at all. As the pessimism continues, however, it is getting tougher. Brazil’s Rodovias do Tietê is heard pricing a 1.07 billion reais ($473 million) transaction at the wide end of a price range. Full details remain to be released, but the deal was also helped by a guarantee from the lead banks. Co

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