Latest

Daily Brief

Dec 11, 2009 Issue

Peru Keeps Rates Unchanged

Peru

In line with expectations, Peru’s central bank has kept the monetary policy rate unchanged at 1.25%, citing a continued reduction in inflation, which was minus 0.11 in th...

Advent Sells Down Midcap Bank Stake

Brazil

Advent International’s Brazilian arm has pared down its holdings in Parana Banco by more than 50%, selling 4.27m preferred shares, according to a statement by the bank wh...

No EM Asset Bubble, Yet

As investors continue to flock back in to LatAm and EM assets, there are few signs yet of a bubble, though a correction could come eventually. “I still see the world dele...

CAF Invests In PE Fund

Funds

The CAF says it is investing up to $40m in the Ashmore Colombia Infrastructure Fund, which aims to raise $500m. The PE fund will invest in transport, energy, water, commu...

Bimbo Receives Ratings Nod

Moody's has revised the outlook on Grupo Bimbo’s Baa2 rating to stable from negative amid improved credit metrics and expectations of near to medium term deleveraging. "T...

Moody’s Smiles on Marfrig

Moody's has sweetened the outlook on Marfrig Alimentos’ B1 rating to stable from negative, based on progress with integrating recently acquired assets, as demonstrated by...

Chile to Keep Rates Frozen

Chile

In line with most other LatAm central banks, Chile is widely expected to keep rates unchanged, at 0.50%, December 15. Morgan Stanley expects Chile to end 2009 with its mo...

Argentina Clears Deck for Bond Rebirth

Argentina

Argentine president Cristina Fernandez has authorized the issuance of up to $15bn in overseas debt, according to a decree in the government’s official bulletin. The sover...

Cemex Sells Local Converts

Mexico

Fresh off a $1.77bn dual-currency cross-border issue Wednesday, Cemex promptly issued MXP4.1bn in domestic convertible bonds via exchange offer Thursday. The Cement maker...

Hito Brings RMBS

Structured Finance

Mexican mortgage lender Hipotecaria Total has sold MXP2.52bn-equivalent in UDI-denominated 2025 RMBS, backed by credits from government lender Infonavit. The bonds have a...

Aerolineas Argentinas Signs BNDES Loan

M&A

Aerolineas Argentinas is getting a $640m 12-year loan from Brazil’s BNDES to finance 85% of the acquisition of 20 airplanes from Brazil-based aeronautics company Embraer....

GAP Gets Airport Lines

Mexico

Grupo Aeroportuario del Pacifico (GAP) has obtained an additional credit line for the Guadalajara, Puerto Vallarta, Hermosillo and Guanajuato airports, totaling MXP651.4m...

Brazil Tees Up Key Wind Auction

Brazil

Brazil’s energy regulator ANEEL will Monday hold an auction for an estimated 1.0GW-1.5GW in wind power generation capacity. The process is seen by local executives as cri...

UMS Returns to Samurai Market

Mexico

Mexico was to set to price overnight a JPY150bn ($1.7bn) 10-year bond to Japanese institutional investors, its first Samurai in nearly 10 years. Officials at the lead ban...

GMexico Strikes Loan Silver

Mexico

In an encouraging sign for the loan market, Grupo Mexico has secured $1.5bn in 3 and 5-year dual currency facilities through partial syndication which funded this week. “...