Cometa slips in trade; LatAm calendar grows; Middle East quiet after flurry of issuance

By Rebecca Melvin

New York, April 20 – Cometa Energia SA de CV’s newly priced 6 3/8% notes due 2035 traded down 0.5 point or more on Friday after the Actis GP LLP subsidiary priced $860 million of the notes at par.

The new Cometa traded initially in the context of 99 bid, 99½ offered and stayed in that range, a New York-based market source said around midsession.

Meanwhile, the calendar of deals for the Latin America region for next week grew with the deals initially slated for pricing this week also shifting to next week.

Canacol Energy Ltd. announced a dollar-denominated offering of medium-term notes, with fixed-income investor meetings scheduled Monday through Wednesday.

Sixsigma Networks Mexico SA de CV (KIO Networks) also joined the calendar with a dollar-denominated deal of medium-term notes, also slated for roadshow meetings Monday through Wednesday.

Deals that did not price include Light SA’s five-year dollar notes, Transportadora de Gas Internacional SA’s 10-year dollar notes, and Banco de la Cuidad de Buenos Aires’ Argentine-peso denominated cross-border benchmark of floating-rate notes.

While final terms were released for Turkey’s Ronesans Gayrimenkul Yatirim AS’ $300 million of 7¼% five-year notes, effectively clearing the calendar for the Middle East region, there were no new announcements for next week’s business.

© 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.