Daily Brief

Dec 12, 2022 Issue

Lula picks Haddad as finance minister

Corporate & Sovereign Strategy Economy & Policy Brazil

Investors may be wary of the former São Paulo mayor's lack of market experience, source says

Metro de Bogotá maps out second line loan

IDB Invest Debt Loans

City-owned transit company looks to borrow $200 mln through an A/B loan with IDB Invest

Market awaits name for Peru's next finance minister

Economy & Policy Capital Markets Peru

One investor says there is a chance that Kurt Burneo could come back

Mexico resets reference rate with 10-year Mbonos

Bonds Debt Mexico

Finance ministry prices $2.6 bln in new notes at 7.5% as orders reach $3.5 bln

AgroFibra misses mark in IPO

Bonds Equity Funds

Mexican REIT raises $135 mln in its stock market debut, short of the target of up to $305 mln

Cordoba sells half of mine to China's JCHX

M&A Equity Loans

Toronto-listed miner stands to receive $100 mln for 50% of the Alacrán copper project in Colombia

NG Energy, Cox Energy form solar JV in Colombia

Energy Solar Project & Infrastructure Finance

Toronto-listed NG Energy will set up a new renewable energy division, while Cox will include its project pipeline in the agreement

CABEI raises financing limits outside Central America

International Financial Institutions Loans Debt

Central American development bank says new rules could increase loans by $1.98 bln

AySA follows through with bond swap

Bonds Debt Fixed Income

Holders of 95% of the Argentine state-owned water company's $500 mln in 2023 bonds agree to exchange for 2026 notes

Elea Digital issues sustainability-linked debentures

Corporate & Sovereign Strategy Debenture Brazil

Brazilian data center company ties the rate on $38 mln in 2029 bonds to targets to reduce water use

IDB backs healthcare program in Guyana

Loans International Financial Institutions Inter-American Development Bank (IDB)

US-based development bank supplies $97 mln to finance investments in seven hospitals