China

Bancomext, China Exim in Lending Agreement

Bonds Structured Finance Mexico

Mexico’s Bancomext has agreed with China’s Export-Import Bank to form an investment fund, Bancomext says, seeded initially with $500m from China Exim. The goal is to have...

China Loan for Pemex

Mexico China Loans

Pemex has agreed to a $1bn 3-year credit line with China Exim bank, it says. The facility, the state-owned oil producer’s first from the bank, will allow for the funding ...

PdDVSA Adds Chinese Funds

Venezuela China Loans

Petroleos de Venezuela (PdVSA) has signed a $4.15bn loan agreement with the China Development Bank, it says, to increase production at the Sinovensa joint venture. Financ...

Copeinca Reels in Higher Bid

Peru China Europe

Norway's Cermaq has agreed to buy control of Copeinca in a deal valuing the Peruvian fishmeal exporter at NOK3.49bn ($610m), allowing the target to thwart a $550m hostile...

BTG to Add CNH Debt

Brazil China Bonds

BTG Pactual is heard planning to return to the offshore renminbi, or Dim Sum, bond market this week for a public transaction, according to a person familiar with the issu...

China forex chief signals investment shift

China Economy & Policy Corporate & Sovereign Strategy

China will forge ahead with efforts to diversify its $3.3 trillion foreign exchange stockpile into higher yielding assets, Yi Gang, director of China’s State Administrati...

Copeinca Taps Trio to Fend off Chinese

Peru China M&A

Copeinca has hired UBS, DNB Markets and Carnegie as advisors, it says, as the Peruvian fishery attempts to defend itself from an unsolicited takeover attempt by China Fis...

Copeinca Not Lured by CFG Offer

Peru China M&A

Peru’s Copeinca is not pleased with this week’s $556m unsolicited takeover offer from China Fishery Group (CFG), noting that key shareholders do not find the NOK53.85 ($9...

China: Forward march

China Bonds

After years of tentative steps, China’s banks are poised to expand aggressively in Latin America

China Fishery Casts Line in Peru

Peru China M&A

China Fishery Group has made a $556m offer for the shares of Peruvian fishmeal and fish oil exporter Copeinca, paying a premium in a deal that would make it the strongest...

Ecuador Signs Another China Loan

Ecuador China Loans

Ecuador's Finance Ministry has signed an $80m loan with the Export-Import Bank of China, it says. The loan has a 20-year maturity and a 2.0% interest rate. The loan will ...

CDB Floats Brazilian Wind Loan

Brazil China Loans

China Development Bank has agreed to lend BRL102m ($50m) to Brazil's Desenvix to support a wind farm. Desenvix subsidiary Energen Renewables operates the Eolica dos Coque...

BB Gets China Nod

Brazil China Bonds

Banco do Brasil has received authorization to operate as a bank in China, a bank spokesman says. The bank previously had a representative office in the country, and now l...

Brazilians Raise Dim Sum Bonds

Brazil China Bonds

Banco Bradesco and BTG Pactual have become the latest LatAm financial institutions to issue private placements in the offshore renminbi, or Dim Sum, bond market, accordin...

Santander Chile Rolls out Dim Sum

Chile China Bonds

Santander Chile has become the first Latin American financial institution to issue a public transaction in the Dim Sum bond market, with a CNH500m ($80m) sale. The Chilea...