Caribbean

IDB lends to CDB

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

US-based development bank supplies $50 mln for Caribbean nations to confront natural disasters and global warming

Moody's sinks Cuba deeper into junk territory  

Corporate & Sovereign Strategy Credit Ratings Downgrade

Rating agency downgrades the Caribbean nation as sanctions and the COVID-19 pandemic limit the government's ability to pay external debt

CAF drafts green financing plans

Debt Loans Capital Markets

South American development banks commits $25 bln over five years to fund the switch to clean energy and reduce greenhouse gas emmissions

IDB Invest issues first blue bonds for LatAm

Corporate & Sovereign Strategy IDB Invest Inter-American Development Bank (IDB)

IDB's private sector affiliate raises $37 mln to finance recovery efforts in tourism and fishing sectors

Digicel moves closer to upgrade with asset sale

Credit Ratings Moody's Investors Service Upgrade

Jamaica-based telco plans to pay off 2024 and 2025 bonds with $1.4 bln in proceeds from the sale of Digicel Pacific, according to Moody's

Argentina calls for swapping debt for climate action

Corporate & Sovereign Strategy Bonds Debt

President Fernández says it will help developing countries reduce debt and emerge from the COVID-19 crisis

ContourGlobal refinances Caribbean plants

Debt Loans Energy

British power company borrows $124 mln from Scotiabank to service debt at three thermal power plants

LatAm green bond sales double in two years

International Financial Institutions Bonds Latin America

Issuers in Chile, Brazil and Mexico represent more than three-quarters of the amount raised since 2019, CBI says

Moody's drops Bahamas deeper into junk status

Credit Ratings Moody's Investors Service Downgrade

Rating agency keeps a negative outlook on the Caribbean nation due to a loss of "fiscal strength"

Nexans acquires Colombian cable maker

Funds Equity Debt

French company agrees to spend $225 mln to buy Centelsa from Mexico's Xignux

LAAD gets green loan through IFC

Loans Debt Latin America

Florida-based agribusiness lender borrows $80 mln to fund water use and renewable energy projects for farmers in Latin America

Cemex bets on cash for Jamaica expansion

Caribbean Central America Jamaica

Mexican cement company will dip into its cash flow to finance $30 mln project

IDB Invest names other lenders in JMMB loan

Loans Debt Jamaica

US-based multilateral brings three impact investors to a $31 mln syndicated facility for the Jamaican bank

I Squared acquires Barranquilla port

M&A Equity Project & Infrastructure Finance

US infrastructure investors spends $220 mln for 77% of the port operator in the Caribbean city

Grupo Wertheim agrees to buy Vrio from AT&T

M&A Equity Telecoms

Argentine group takes over Sky in Brazil and DirecTV in 10 other countries in Latin America and the Caribbean