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Get the news on sustainable finance & investment in Latin America Name * First Last Email * Company * Job Title * Δ NEWSLETTER DELIVERED MONTHLY THANKS TO The stream of Latin American issuers tapping the cross-border bond market continued on Tuesday as three companies raised a total of $1.45 billion to refinance debt. Colombia-based oil and gas producer GeoPark led the pack with a $550 million deal, followed by telecommunications infrastructure firm ATP Towers and Brazilian environmental services company Ambipar with placements of $500 million and $400 million respectively, according to a source familiar with the deals. Bogotá-based GeoPark priced new five-year notes at par to yield 8.75%. It opened the initial price talk earlier in the day in the 9% area and set guidance at around 8.875% before launching the sale, the source said. ADVERTISEMENT Impact Investments: Building a Better World Makes Business Sense In recent years, this concept has gained significant relevance in the markets. In addition to the financial return, they are instruments that also seek to generate positive and measurable results in society and the environment. Investors placed as much as $1.1 billion in orders, the person said. BTG Pactual, Deutsche Bank and JPMorgan were joint bookrunners on the offering, the source added. Fitch Ratings assigned the new notes a B+ rating. The company will use the proceeds to fund a tender offer underway for its 5.5% 2027 bonds and to repay $152 million under an offtake and prepayment agreement with global commodities trader Vitol. It said in a release Tuesday that investors holding $413 million worth of 2027s tendered their notes. ATP TOWERS ATP Towers, which operators telecommunication towers and fiber optic networks in the Andean region, priced new 2030 notes at par to yield 7.875%. It opened the initial price talk at around 8% and set guidance in the same area, plus or minus 12.5 basis points, according to the source. Demand for the notes exceeded $1 billion, the person said. Goldman Sachs, JPMorgan and Deutsche Bank were joint bookrunners on the sale, the source added. Moody’s assigned the notes a Ba3 rating while S&P rated them BB-. The company plans to use the proceeds to repurchase bonds an ongoing tender offer on its 4.05% 2026 global notes, repay certain loans and for general corporate purposes, according to an investor presentation seen by LatinFinance . AMBIPAR Ambipar, for its part, priced new 2033 green bonds at par to yield 10.875% after opening the deal at around 11%, according to the source. Orders for the eight-year notes peaked at $800 million, the person said. Bank of America, Bradesco BBI and UBS acted as global coordinators on the offering, the source added. Fitch and S&P Globals both assigned the deal a BB- rating. The company will use the proceeds to repurchase a portion of its 2031 green bonds and the rest for funding eligible projects under its ESG framework, it said in an investor presentation. More Sustainable Finance & Investment News FREE TO READ THANKS TO Aegea subsidiary tees up ESG bond deals Aeris gets bond waiver Cross-border bond markets lure more LatAm issuers BNDES approves Raízen credit line IDB lines up dual bond offering Chile prices back-to-back global deals Grenergy nabs another loan Investors find ESG ‘bright spot’ in tough market Promigas prices social bonds in Colombia Vesta picks up sustainable loan LatAm sovereigns pile into nature swaps Vibra taps Brazil bond market Load more posts Something went wrong. Please refresh the page and/or try again.
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