April 17, 2019 |
Jamaica could also come to the debt market following Panama's $1bn Euroclearable deal last week, source says
The Dominican Republic, Guatemala and Jamaica could be the next sovereign issuers from Latin America and the Caribbean to hit the bond market as the post-Easter pipeline begins to fill up, LatinFinance has heard.
"I am surprised they have not come to market yet," said a debt capital markets banker in New York, adding that Guatemala may sell bonds before the Dominican Republic to take advantage of investor interest.
"Pricing is going to be pretty competitive," the banker said of ETESA deal. "It's a very well known name and it's state-owned, so it has government support."
Scotiabank and Bank of America are coordinating ETESA's debut in the international bond markets.