RIO DE JANEIRO, BRAZIL - Latin American companies are preparing a large volume of speculative grade bond issues to capitalize on investor demand in one of the few regions that is still offering yields.
At least three high-yield bond issuers are preparing sales, with potential issues from companies such as Marfrig Global Foods and WOM Chilean mobile operator.
Companies are seeking refinancing after Latin American debt bond yields fell to 4.35% from last May's high of 13%, while investors are seeking higher returns than offered in other emerging markets and US$16.4 trillion in negative yield global . . .
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