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.
Syndicated lending has lost ground as a stand-alone business and is now part of a suite of international and local debt products offered by banks.
Mar 4 - 5, 2015 | Hyatt Regency, Port of Spain, Trinidad & Tobago
The 2015 Caribbean Investment & Finance Forum will place regional public and private sector leaders...
Mar 18, 2015 | Hyatt Regency, Mexico D.F, Mexico
Mexico’s prudent economic management and highly liquid and sophisticated local capital markets have...
Mar 27, 2015 | The Westin Chosun Busan, South Korea
An interactive breakfast discussion, with the region’s most important sovereign borrowers, will...
Apr 16, 2015 | Hotel Unique, Sao Paulo, Brazil
2015 is an important year for Brazil. In the rear-view: the 2014 World Cup and Presidential...
Jun 10 - 11, 2015 | W Hotel, Santiago, Chile
Returning to Chile for its ninth edition. The region’s best attended capital markets event gathers...
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 greatest value in the next 12 months will be combination of corporates and local currency bonds”
Blaise Antin, TCW
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