After suffering derivative losses in the 2008-2009 crisis, Brazil’s Aracruz Celulose was purchased by Votorantim Celulose e Papel.
Southern Copper Corporation (SCC) saw jumbo demand for a $1.5 billion April 2010 issue of new 10 and 30-year bonds, which were tightly priced but still traded up.
New York-based Cleary Gottlieb Steen & Hamilton is no stranger to megadeals.
Holders of about 80% of Argentina's...
Argentina will receive a $40m loan...
For the first year ever, LatAm...
Uruguay hopes to invigorate local capital markets with new legislation. The country’s vice president says public companies may soon list minority stakes locally.
Biggest, tightest, longest, cheapest. Superlatives abound when describing LatAm capital markets and advisory for the last 12 months, and many bankers expect the good times to continue rolling.
América Móvil (AMX) is a frequent star of LatAm issuance, beloved by investors despite its razor thin spread and feared by bankers for its rigorous execution standards.
Demand for local currency fixed income is back, tracking
appreciating LatAm currencies and flaring rates differentials. Structural shifts support the trend, but can it last?
Revived European debt woes put a lid on last yearâ€™s bumper DCM volume, which was fuelled by unprecedented fund inflows and tantalizingly low rates for borrowers.
International banks are eager to re-enter the LatAm bank market. But cost of funds, spread compression and better DCM terms will keep a lid on volume.
A $1.5 billion dual-currency bond issue in July 2010 of dollar denominated and global-local notes marked the re-emergence of Chile, a historically infrequent issuer, and set a benchmark for its corporates.
Brazil’s BNDES has become a regular in the DCM after returning in 2008 from a 10-year hiatus.
Moody’s expects the global speculative-grade default...
In just three months of extremely choppy external markets, Project Jaguar scored a coup.
Colombia paved the way for LatAm issuers in April with an $800 million 2021 equivalent global TES bond. It braved the market to issue the first global local currency deal from LatAm since 2007, according to Dealogic.
The State of Mexico (Edomex) in August issued a much anticipated 4.1 billion peso 20-year local bond, the first securitization of future flows of income from residential property fees from a Mexican state.
The rapidly rising tide of LatAm fixed income lifted all underwriters in 2010, creating at least four serious contenders for Best Bond House.
China Investment Corporation’s involvement in a consortium buying part of Brazil-based BTG Pactual marks a shift into financial assets for China.
At a time when the syndicated loan market was still thawing from a deep, crisis-driven freeze, Americas Mining Corporation (AMC), a wholly-owned subsidiary of Grupo México, provided an encouraging sign.
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Sep 11 - 12, 2014 | Westin Beijing Chaoyang, Beijing, China
LA-CIF is the leading event connecting Latin America and China. Through an invitation-only,...
Sep 11 - 12, 2014 | 朝阳威斯汀酒店, 北京, 中國
Sep 16, 2014 | Westin Chosun, Seoul, South Korea
LA-KIS will examine the rapidly evolving LatAm-Korea investment relationship, the pace & direction...
Sep 17 - 18, 2014 | Hotel Intercontinental, Medellín, Colombia
The only event bringing together the Andean region’s most innovative corporate issuers, the growth...
Sep 25 - 26, 2014 | Velas Vallarta, Puerto Vallarta, Estado de Jalisco, Mexico
The only annual gathering of senior public-sector officials, financiers, sponsors and investors...
Are populist governments like Venezuela & Argentina turning pragmatic?
In some ways
There is performance risk that the market is going to have to evaluate and assess. I think that is very healthy for the market because that will enable us to finance a much wider range of projects.
Luis Fernando Andrade, Colombian National Infrastructure Agency
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