Archive

March / April 2012

Ahead of the Curve

People Corporate & Sovereign Strategy Mexico

Carlos Garcia Moreno has proven himself to be one of the most skillful operators in the global capital markets, helping transform América Móvil into a truly global teleco...

Andean Spotlight

Equity

Bank Shuffles Continue

People

Banking on Growth

Brazil

LatAm’s largest economy is still a magnet for foreign inflows as lower benchmark rates help spur economic growth and issuance activity.

Brazilian Banks Lead Charge

M&A

Bull Market Trades

Coke Wars

Mexico M&A

Consolidation in Mexico’s Coca-Cola bottling sector is underway and more M&A activity, both in the domestic and regional markets, is expected.

Crude Rush

Brazil M&A

Major oil companies are falling over themselves for a piece of Brazil’s oil-rich future. But with new offshore licenses on hold, getting assets is neither cheap nor

Enlarging the Menu

Asia China Bonds

Asian buy-side participation in LatAm debt deals remains meager, but greater efforts are being made to cultivate accounts from Singapore to Tokyo.

Finding a Bid

Bonds

Liquidity in the LatAm corporate bond market is shrinking as regulatory pressures force banks to reduce inventories. Investors are worried.

Fueling Growth

Peru Economy & Policy Corporate & Sovereign Strategy

Peru has massive investment needs going forward as the government seeks to maintain the pace of economic growth in the face of potential social unrest.

Good Times

Bonds Funds Brazil

Bankers are vying for a foothold in Brazil’s growing wealth management business. Assets under management are reaching new highs as wealthy

Market Evolution

Bonds

Bankers are bullish on global local currency issues from the region’s corporates. Can the asset class evolve to include participation from both locals and foreign investo...

Oil Change

People Corporate & Sovereign Strategy Brazil

The market largely cheered the appointment of Maria Das Graças Foster as the new CEO of Petrobras. The career engineer faces many challenges ahead.

On the Brink

Brazil Corporate & Sovereign Strategy

Troubled Brazilian oil services company Lupatech may have the support of the BNDES and a backlog of orders, but can it survive in an increasingly

Paying Top Dollar

Colombia M&A

Colombia’s expensive and expansive banking system is enjoying its salad days. More and pricier M&A deals may still be on the horizon.

Preparing the Way

Brazil Bonds Structured Finance

Banco do Brasil has broken new ground with a Basel III-compliant hybrid perp. Did it act too soon, or will this instrument be a model for others to follow?

Rising Stars

Andean

The Andean region may see slower growth, but Colombia, Peru and Chile continue to receive considerable interest from the international investment community.

Room for Growth

Global private equity firms still spy opportunities in Brazil despite concerns about the large amounts of money being deployed there.

Savvy Sovereigns

People Corporate & Sovereign Strategy

Perennial star issuer Mexico leads the rankings in a region where most sovereign public credit departments receive top marks. Uruguay follows closely behind.

Steady Improvements

Mexico

Presidential elections and moderate growth may make Mexico less appealing than some regional neighbors, but investors like its improving competitive position and strong f...

The Floodgates Open

Bonds

The Good, Bad and the Ugly

Mexico Bonds Corporate & Sovereign Strategy

Vitro appears to have won a shootout with creditors over its restructuring plans, but longer-term questions remain over Mexico’s Concurso Mercantil system.

The Right Moves

People Corporate & Sovereign Strategy

Colombia comes out on top in this year’s ranking, after Minister Echeverry shows pragmatism and political savvy to push through fiscal reform.

Uphill Struggle

Chile Bonds

There are incipient signs that middle-tier companies, both foreign and local, are poised to tap Chile's domestic bond market. But so far efforts to