Use Advanced Search to look up articles by date, topic and region.
Fitch says it is affirming Banesco’s long and short term local and foreign currency ratings at B with negative outlook, citing the Venezuelan bank’s low capitalization ra...
Bonds Structured Finance
Caracas-based multilateral CAF says it is sitting pretty for funding and in no hurry to come back to the bond market. “We’re not in a rush. We have very high liquidity an...
Mexico
Mexico bagged 32% of next year’s debt service (capital plus interest) with last week’s blowout $2bn 10-year bond sale, according to the finance ministry. “Despite elevate...
Peru
Fitch has assigned an A minus rating to a $150m MT100 from Peru’s Banco de Credito del Peru. The CCR Inc MT-100 Payment Rights Master Trust's (CCR) 2008-B notes pay a flo...
Mexican housing developer Corporacion Geo says it expects to continue to have access to peso financing and that existing bank lines are solid. “Commercial banks have rece...
Mexican cement giant Cemex plans to sell its stake in TCL Group, the holding company for Trinidad Cement Company, say people close to the matter. Cemex owns almost 50m sh...
M&A
Brazil’s AleSat has purchased 327 service stations in Brazil from Repsol YPF for BRL130m, according to a spokesman. Bradesco was AleSat’s financial advisor. With this acq...
Scotiabank says it will seek approval from its board during its next shareholder meeting to invest about $100m in Peru for 2009 to strengthen its operations in the countr...
The IDB has approved a $400m loan to El Salvador so the sovereign may increase the availability of credit to the private sector. The loan is for 5-years, including a 3-y...
Panama
The World Bank has approved a $100m loan for Panama. The fixed-term loan is repayable in 25 years and has a grace period of 2 years. The transaction “will support institu...
EM debt funds are up 3.55% for the week ended December 18, Lipper data shows, while outflows have slowed. Year-to-date EM debt has lost 17.88%, making them it worst perfo...
LatAm equity funds registered a 1.37% increase for the week ended December 18. However, the fund is still the biggest loser of all world equity funds year-to-date, with a...
Moody's has revised the outlook to stable from positive on Votorantim Participacoes, Gerdau and CSN. For Voto, the action reflects the sharply declined prices and demand ...
Colombia
Colombia’s central bank has cut its monetary policy rate by 50bp to 9.50%, more than was expected by most economists, who forecast at most a 25bp cut. The central bank sa...
Europe
Bank of America has given Jonathan Moulds – its existing president of Europe, EMEA and Asia – regional responsibility for LatAm and Canada. He will also be president of E...
Funds
Regional infrastructure-focused private equity fund Conduit Capital detects significant opportunity in LatAm power generation and pipeline assets amid repricing related t...