Latest

Daily Brief

Dec 04, 2007 Issue

S&P Abandons CIE Upgrade (1)

Mexico

S&P has affirmed the BB- long-term corporate credit rating on Mexico’s Corporacion Interamericana de Entretenimiento (CIE), as well as the B+ senior unsecured debt rating...

Chavez Gets Black Eye in Referendum (1)

Hugo Chavez got a surprise slap over the weekend by failing to win his bid for even more control of Venezuela. The margin was apparently thin and the president was on the...

Chile Names De Gregorio for Central Bank (1)

Chile

Chile has named Jose De Gregorio as the country's central bank president. He currently serves as the central bank's vice president and replaces Vittorio Corbo, whose five...

Pricing for YPF Loan Emerges (1)

M&A

An Argentine private equity group led by the Eskenazi family is offering what some see as attractive pricing on a $2bn 3.5-year loan to support the acquisition of 25% of ...

Glencore Eyes Colombia Refinery Financing (1)

Colombia

Swiss-based commodity powerhouse Glencore International is seeking to raise $2bn-$3bn financing in the coming months to invest in Colombia’s Refinaria de Cartagena, says ...

Uruguay to Buy Back Global, Local Debt (1)

Bonds

Uruguay has launched a tender offer for $436m in 10 international series of dollar and Euro denominated bonds. It will pay cash for both of the tender offers, which run t...

Cemex Prices MXP2.5bn Issue, Femsa on Deck (1)

Mexico

Mexican building materials provider Cemex priced late Friday a MXP2.5bn UDI-linked local bond issue in two tranches. A MXP2bn 2010 tranche priced at 3.9% and a MXP456m 20...

Cemex Sells Two US Assets to CRH, Calls Off Wider Talks (1)

Mexico

Mexico’s Cemex has sold concrete operations in Florida and Arizona to Irish construction materials firm CRH for $250m. The divestitures had been required by US regulators...

Challenges Ahead for LatAm (1)

Asia

LatAm appears to be in for a rougher 2008 than Asia or EEMEA, according to research from Merrill Lynch. “While our base case is one of decoupling from the US slowdown, we...

Merrill Sees EM Bull Market Lasting (1)

Merrill Lynch has put out a positive forecast for EM in 2008, predicting that debt and equity bull market will continues in 2008. “We expect 8.0% real GDP growth in EM; c...

Merrill Predicts 15%-20% 2008 EM Equity Return (1)

Equity investors are in for more modest returns next year, according to analysis from Merrill Lynch. “We remain bullish on EM equities, looking for another year of volati...

Sadia Beefs Up International, Local Presence (1)

Brazil

Brazilian poultry and meat processor Sadia announced the opening of its first foreign asset, a processing plant in Kaliningrad, Russia. The company invested $30m in the p...

Enlace Hires Pershing for Mexico Clearing (1)

Mexico

Enlace Int has hired Pershing, a subsidiary of The Bank of New York Mellon, to act as a principal clearing agent focused specifically on Mexican sovereign debt transactio...

Cemex Prices MXP2.5bn Issue, Femsa on Deck

Mexico

Mexican building materials provider Cemex priced late Friday a MXP2.5bn UDI-linked local bond issue in two tranches. A MXP2bn 2010 tranche priced at 3.9% and a MXP456m 20...

Cemex Sells Two US Assets to CRH, Calls Off Wider Talks

Mexico

Mexico's Cemex has sold concrete operations in Florida and Arizona to Irish construction materials firm CRH for $250m. The divestitures had been required by US regulators...

Challenges Ahead for LatAm

Asia

LatAm appears to be in for a rougher 2008 than Asia or EEMEA, according to research from Merrill Lynch. "While our base case is one of decoupling from the US slowdown, we...

Chavez Gets Black Eye in Referendum

Hugo Chavez got a surprise slap over the weekend by failing to win his bid for even more control of Venezuela. The margin was apparently thin and the president was on the...

Chile Names De Gregorio for Central Bank

Chile

Chile has named Jose De Gregorio as the country's central bank president. He currently serves as the central bank's vice president and replaces Vittorio Corbo, whose five...

Enlace Hires Pershing for Mexico Clearing

Mexico

Enlace Int has hired Pershing, a subsidiary of The Bank of New York Mellon, to act as a principal clearing agent focused specifically on Mexican sovereign debt transactio...

Glencore Eyes Colombia Refinery Financing

Colombia

Swiss-based commodity powerhouse Glencore International is seeking to raise $2bn-$3bn financing in the coming months to invest in Colombia's Refinaria de Cartagena, says ...

Merrill Predicts 15%-20% 2008 EM Equity Return

Equity investors are in for more modest returns next year, according to analysis from Merrill Lynch. "We remain bullish on EM equities, looking for another year of volati...

Merrill Sees EM Bull Market Lasting

Merrill Lynch has put out a positive forecast for EM in 2008, predicting that debt and equity bull market will continues in 2008. "We expect 8.0% real GDP growth in EM; c...

Pricing for YPF Loan Emerges

M&A

An Argentine private equity group led by the Eskenazi family is offering what some see as attractive pricing on a $2bn 3.5-year loan to support the acquisition of 25% of ...

S&P Abandons CIE Upgrade

Mexico

S&P has affirmed the BB- long-term corporate credit rating on Mexico's Corporacion Interamericana de Entretenimiento (CIE), as well as the B+ senior unsecured debt rating...

Sadia Beefs Up International, Local Presence

Brazil

Brazilian poultry and meat processor Sadia announced the opening of its first foreign asset, a processing plant in Kaliningrad, Russia. The company invested $30m in the p...

Uruguay to Buy Back Global, Local Debt

Bonds

Uruguay has launched a tender offer for $436m in 10 international series of dollar and Euro denominated bonds. It will pay cash for both of the tender offers, which run t...