Two investment firms are suing Nicaragua for full
repayment of defaulted debt from the 1980s. The outcome could
establish precedents with far-reaching repercussions.
Heralded as a breakthrough in the sovereign debt
restructuring debate, agreements between debtors and creditors
still need fine-tuning.
Uruguay was able to avoid default earlier this year, but whether it simply prolonged the inevitable or truly preserved its good name remain to be seen.
Troubled Latin American companies increasingly are seeking to reorganize their finances under United States bankruptcy regulations. They provide more control and greater certainty for many companies than their home country's insolvency laws.
It remains to be seen whether Latin America can break out of its cyclical history of excessive borrowing, default and financial rehabilitation - and achieve rapid, sustained growth.
CAF, the regional development bank, addresses analysts' concerns over the stability of its borrowers. CAF's management says its preferred-creditor status is strong and sufficient to prevent a default on its loan portfolio.
Mexico comforts investors by being the first sovereign to put collective action clauses in a global bond. Whether the move will advance debate over sovereign debt restructurings remains to be seen.
Sep 17, 2015 | Sheraton Hotel & Convention Center, Buenos Aires, Argentina
Cumbre Financiera Argentina will return to Buenos Aires on September 17th ahead of the much...
Sep 24 - 25, 2015 | Camino Real Guanajuato, Guanajuato, Mexico
The Infrastructure and Sub-Sovereign Finance in Mexico Summit will bring both state and municipal...
Sep 30, 2015 | The Pierre, New York
LatinFinance’s Project & Infrastructure Finance Awards recognize the most impressive transactions...
Oct 21 - 22, 2015 | Grand Hyatt, Playa del Carmen, México
Structured Finance LatAm (SFLA) will convene in Playa del Carmen, Mexico the most important issuers...
Will a strong dollar deter investors from LatAm bonds?
No, the yield-hunt goes on
Yes, but only retail investors
Yes, once the Fed raises rates
The strong demand that we saw in the yen market was historic, which allowed us to extend the maturity in a way that we wouldn't have thought possible in the past.
Alejandro Díaz de León, Mexico's head of public credit
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