Mexican development bank Nafin, Chilean power transmission company Transelec, and Spanish bank Santander have all recently tapped into local bond markets. Nafin issued a 10-year bond worth $1 billion, while Transelec issued a 30-year bond worth $450 million. Santander, on the other hand, issued a 3-year bond worth €750 million.
These moves reflect the growing trend of companies and institutions turning to local bond markets for funding. This allows them to diversify their sources of financing and take advantage of favorable market conditions.
Nafin, Transelec, and Santander’s successful bond issuances demonstrate the confidence that investors have in their creditworthiness. By tapping into local markets, these entities are able to raise capital to finance their operations and projects, ultimately contributing to economic growth in their respective countries.
Overall, accessing local bond markets provides companies and institutions with a cost-effective and efficient way to raise funds, while also strengthening their presence in the financial markets.