Countries/Regions

Brazilian builder Camargo Correa has agreed...

Few, if any, lenders expect ICA...

Brazilian miner Vale has agreed to...

A rash of recent sovereign issuance that raised a total of $4 billon for Mexico, Brazil and Colombia brightens sentiment, but significant challenges remain.

Infrastructure developer Grupo Mexicano de Desarrollo...

Capitalizing on upgrades and market opportunity, State of Mexico declined to use any major investment banks for its 25 billion peso refinance which extended duration and slashed the price on most liabilities.

Gerdau, the Brazilian multinational steel company with assets spread around the region and in the US, has been the most frequent user of LatAm capital markets in the past year.

Braskem’s March 2007 bid to acquire Ipiranga and Copesul unleashed a series of financings that kept the Brazilian petrochemicals giant in constant discussions with its bankers, lenders and investors through the subsequent 18-month period.

BNDES has not been a frequent issuer in the dollar bond markets this decade. When the time came to refinance notes issued in 1998, however, the Brazilian development bank brought a well priced new 10-year bond that preserved the 0% withholding tax structure featured in the original issue.

Despite highly volatile market conditions, the initial public offering of Brazil’s OGX Petroleos in June was a smash hit. The company raised a total of $6.7 billion, making it the largest IPO ever in Brazil.

AES’s sizable pipeline of projects in LatAm gives it an enviable position when it comes to bargaining with lenders. Chilean unit AES Gener succeeded in closing in October 27 a $989 million project financing with a 17.5-year tenor.

China-Peru trade has rocketed amid heightened interest from the Asian nation in LatAm raw materials. However, some are suspicious of China’s motives.