Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers M > Headlines for Mexico City Airport Trust > News item |
Turkey issue flat to lower; Brazil’s Klabin sets roadshow; Mexico City Airport bonds up
By Rebecca Melvin
New York, Nov. 8 – The Republic of Turkey’s newly priced 5.2% notes due 2026 slipped on Thursday after the sovereign priced €1.5 billion of the paper tight to initial talk.
The Turkey 2026 notes were seen at 99.32 bid, 99.48 offered after the deal priced on Wednesday at a reoffered 99.73. The bond was also quoted at 99¼ bid, 99¾ offered.
The large deal size was likely the cause for the issue struggling a bit, a market source said.
There was no other primary market activity in the Central & Emerging Europe, Middle East and Africa region. But in Latin America, Brazil’s Klabin SA announced that is has selected banks and scheduled fixed-income investor meetings for a dollar-denominated notes offering that could price as early as next week, market sources said.
Bank of America, Bradesco, HSBC, Itau and Morgan Stanley are the banks arranging meetings to be held through Nov. 13, with a Rule 144A and Regulation S deal following possibly as soon as Wednesday, a market source noted.
In secondary market dealings, Mexico City Airport notes bounced off lows notched last week as investors responded favorably to meetings with the incoming administration of Mexico’s president-elect Andres Manuel Lopez Obrador. The bonds sank last week on news that the new government is canceling the airport project.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.