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Mexico
Moody’s has changed the outlook for the Mexican banking system to stable from negative. The change is a result of the banks' strengthened capital and reserves, and solid ...
Caribbean
A December 20 brief entitled “IFC Financing Jamaica Power Company” incorrectly states that the IFC and JPSC did not return calls for comment on terms of JPSC’s $99m loan....
Brazil
Brazilian homebuilder Direcional Engenharia and broker Brasil Brokers are each preparing a follow-on offering. Others in the sector – builder Tecnisa has also recently an...
Equity
Colombian infrastructure builder Conconcreto saw demand of COP1.199trn ($623m) for shares in its IPO, it says, following the close of the subscription period Friday. That...
Bonds
Mexico’s Exploraciones y Perforadora Central is set to buy back $56m in export ship financing bonds following the close of a tender offer. The drilling service provider t...
Bonds Structured Finance
The Macquarie Mexican Infrastructure Fund has completed a MXP1.54bn road concession purchase. It has also signed a $150m loan from the IDB. The fund bought the Decarred r...
Peru
The Cheves hydropower plant in Peru, a 168MW greenfield project, will get up to $250m financing through the IFC, in the form of an A/B loan. Up to $70m will come from the...
Mexico City Airport Trust’s $64m dollar notes and $24m equivalent UDI notes have been downgraded by Moody’s to Ba3 with a negative outlook, from Ba2. The outlook reflects...
Texas-based Buckeye Partners has acquired the Bahamas Oil Refining Company (BORCO) oil storage terminal for $1.36bn. The petroleum pipeline owner and operator bought an 8...
Hong Kong-based Noble Group says it has acquired 2 Brazilian sugar mills for a combined $950m. Noble, a supply chain manager for the agricultural and energy product secto...
Analysts reacted positively to Hypermarcas’ announcement Monday that it would acquire Mantecorp in a BRL2.5bn deal, though the stock slumped on technical pressure. The de...
Brazil Equity
Brazilian pulpmaker Suzano Papel e Celulose is getting BRL3.93bn in funding from the BNDES development bank to help build a new plant. BNDES has agreed to a BRL2.73bn loa...