Archive

December 2001

A Competitive Coupon for PDVSA

The Venezuelan national oil company's oil-backed bond, with a healthy overcollateralization, garnered investment grade ratings and a 100 basis points price advantage over...

Adding an Edge to Peru

Peru

Mirko Stiglich, a young banker with skills honed in the international markets, has returned home to revive Peru's catatonic capital markets and help integrate the country...

Business & Banking

Argentina

Down, But Far From Out

While there are plenty of brakes on the Latin American project finance market, ground-breaking deals are still coming out of the region with bankers offering up creative ...

Evening out Fiscal Fluctuations

Several countries in Latin America have created reserve accounts to sock away excess revenues from commodity exports. These stabilization funds will soon face their first...

Fair Market Value for All?

M&A

The merger of Chile's Banco de Edwards and Banco de Chile is bound to be good for the banks. But minority shareholders worry that Quiñeco, which controls both institution...

Guatemala's Solid Sale

Investors view the Central American country as a higher-quality credit when compared to much of the region. This coveted position allowed the sovereign to secure $325 mil...

MarketWatch

Brazil

Operating Beneath the Bulge

In the shadows of the heavy hitters, investment banking boutiques aggresively court small corporate and sovereign mandates. Their revenues are modest but they have plenty...

Overdosed on Debt

Argentina

Argentina, consumed by excessive borrowing and spending, has discredited itself with investors. Despite another bond swap, only a full rehabilitation of the sovereign's m...

Passing on Plain Vanilla

Emerging market bond investors are demanding the extra security that asset-backed deals provide. Even Latin America's strongest companies are dusting off the structured f...

People

Peru

Santander's Next Move

The Spanish giant has spent billions of dollars acquiring Latin American assets. But with the stakes so high and global recession to boot, investors are wondering if BSCH...

Suing Argentina

Argentina

Tailor-Made Regulation

Virtual organizations can help solve the real problem of bank failures. Canada's Deposit Insurance Corporation operates as a flexible, multi-tier virtual organization tha...

Where is the Reality Check?

Argentina

The crisis in Argentina dramatically demonstrates how little the international financial community has learned from the string of crises that have erupted in the emerging...