Latest

Daily Brief

Dec 06, 2007 Issue

Argentina's Emdersa Slashes IPO

Equity

Argentine power distributor Emdersa pushed its IPO through hostile market conditions Wednesday, but it was forced to settle for just $60m, around 30% of the amount origin...

BlueBay Sounds Note of EM Caution

London-based hedge fund BlueBay Asset Management, a major EM investor, sounded a note of caution Wednesday. Senior portfolio manager Simon Treacher said that the last tim...

Brazil Keeps Rates Steady

Brazil

Brazil has kept the benchmark Selic rate unchanged at 11.25% with no bias, as was widely expected, and all eyes are now on minutes, to be released December 13. Goldman Sa...

Conduit Fourth Fund to Diversify

Funds

Conduit Capital is launching a new infrastructure fund to invest in areas like transportation, according to managing partner Scott Swensen. Although more than a year from...

DB Identifies Value in Argentine Corporates

Argentina

Argentine corporates, especially utilities, represent attractive opportunities for fixed income investors, according to Anne Milne, head of Deutsche Bank's LatAm corporat...

DB Sees Fall in Corporate Supply

LatAm corporate debt issuance will fall to approximately $30bn in 2008, from $34bn this year, says Anne Milne, head of Deutsche Bank's LatAm corporate bond research group...

EM Investors See Value in LatAm Rates, Bonds

Trading interest rates and long term bonds in LatAm may give investors a decent return in 2008, according to US-based mutual fund investors. "I'm a fan of Brazil local ra...

Infrastructure Investors Fret Over Politics

Looking at 2008, the biggest concern for panelists at LatinFinance's Innovation in Latin American Infrastructure Finance seminar in Miami appears to be political risk. Th...

Kraft Denies Perdigao Talks

Brazil

Kraft Foods, the major food and drinks producer, is denying plans to acquire Brazil's Perdigao. "We don't typically comment on market rumors, but since these reports come...

Peru FTA Not Seen Helping Bonds

Peru

Little fundamental impact is anticipated from Peru's FTA passing through the US Senate this week by a healthy margin, as expected. The pact, which should be in full-effec...

Seven Head to BA for Banco del Sur

In a meeting next Sunday in Buenos Aires, the presidents of seven South American countries are expected to pledge their support to the Banco del Sur, whose purpose is to ...

Tishman Speyer Raises $600m Brazil Fund

Brazil

New York-based real estate firm Tishman Speyer has raised a BRL1.2bn fund to invest in Brazilian real estate. The company's eleventh fund "employs an opportunistic invest...