Daily Brief

Dec 19, 2022 Issue

First Quantum weighs legal options in Panama mine spat

Regulation Politics Panama

Canadian company has been ordered by the government to suspend mining operations

Scala issues first green bonds in local market

Corporate & Sovereign Strategy Debenture Brazil

Brazilian data center company raises $377 mln to roll over debt and fund growth plans

IDB approves loans for water services

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

US-based development bank provides $880 mln in financing for four countries, including $500 mln for Bolivia and $150 mln for Argentina

Bankers predict modest recovery in Brazil's IPO market

Corporate & Sovereign Strategy Equity IPO

Some improvement is expected after a flat year, but much will depend on whether interest rates come down, sources say

Banco BICE, Azul Azul tap local bond market

Bonds Debt Fixed Income

Chilean bank and soccer club raise $55 mln combined

Pampa Energía nearly maxes out bond sale

Bonds Debt Fixed Income

Argentine energy company raises $49.8 mln on solid demand for dollar-linked notes

Moody's downgrades Americanas on higher debt payments

Credit Ratings Moody's Investors Service Downgrade

Rating agency expects the Brazilian retailer's interest costs to more than double to $566 mln this year

S&P cuts BRF to BB-

Credit Ratings S&P Global Downgrade

Rating agency downgrades the Brazilian food processing company by one notch due to tighter margins

FibraShop adds to sustainability-linked revolver

Loans Debt ESG

Mexican REIT increases the size of the five-year credit line to $124 mln to refinance debt

Ecuador lays out financing plans for next year

Corporate & Sovereign Strategy International Monetary Fund (IMF) Inter-American Development Bank (IDB)

South American country will seek financing from multilateral lenders and not issue bonds in the international market, finance minister says

Fimubac misses target in local bond sale

Bonds Funds Mexico

Mexican financial institution issues $80 mln in new 4.5-year notes, short of the $100 mln target

IFC arranges financing for Banistmo

Loans Debt International Financial Institutions

World Bank's private sector lender organizes $300 mln for the Panamanian bank to fund mortgages and SME loans