by bondevalue | Apr 12, 2021 | Sovereign Bonds
Island nation Sri Lanka has seen its shorter tenor dollar bonds trend higher through the past month, with its 2022s rising as much as ~12% over the past month. The rally is likely on the back of an expected increase in Special Drawing Rights (SDR) by the IMF that...
by bondevalue | Apr 9, 2021 | Sovereign Bonds
Ecuador is set to vote for a new president on April 11. The vote will decide if the country chooses conservative Guillermo Lasso or Left-wing economist Andres Arauz. The election is critical for the nation, which has just restructured $17.4bn debt last year and owes...
by bondevalue | Apr 8, 2021 | Sovereign Bonds
Brazil raised $593.11mn via a privatized auction of 22 airports, with the two largest blocks of airports won by the Brazilian infrastructure company CCR, as part of the government’s push towards privatization. Out of the fifteen airports, nine in southern...
by bondevalue | Apr 8, 2021 | Sovereign Bonds
Mexico agreed to repurchase $701mn in outstanding 2023s and 2040s, financed by the proceeds from Tuesday’s $2.5bn new 20Y bond issue at a yield of 4.285%, or T+205. In the buyback, Mexico seeks to repurchase $158mn in 6.75% 2034s and $143mn in 4% 2023s. Mexico also...
by bondevalue | Apr 8, 2021 | Sovereign Bonds
The IMF said in a report that African nation Kenya is likely to borrow $12.4bn by June 2022 via offshore sources. This includes $7.3bn via eurodollar bonds, $4.8bn via concessionary borrowing and $282mn semi-concessional loans, as reported by Bloomberg. This comes...
by bondevalue | Apr 7, 2021 | Sovereign Bonds
Mexico raised $2.5bn via a 20Y bond at a yield of 4.285%, or T+205bp, 35bp inside initial guidance of T+240bp area. The bonds received orders over $5.6bn, ~2.24x issue size with proceeds from the issuance used to repurchase notes from nine series of outstanding bonds,...
