Mexico

LatAm lenders face billions in losses, S&P says

S&P Global Credit Ratings Economy & Policy

Banks could write off $136 bln as defaults rise and government aid fades this year, rating agency says

Fibra Soma seals syndicated loan

Loans Debt Equity

Mexican REIT borrows $200 mln from Santander and BBVA days before listing shares on the BIVA

Mexican government takes on Pemex debt payments

Corporate & Sovereign Strategy Economy & Policy Debt

AMLO announces another measure to free up funds for the state-owned oil company to increase production

S&P sees slump in borrowing in 2021

Credit Ratings S&P Global Loans

Rating agency expects commercial borrowing in LatAm and Caribbean to decline 5% to $458 bln in 2021

Braskem Idesa renews natgas supply in Mexico

Mexico Brazil

Mexican petchem company signs a new 15-year contract with Cenagas and considers building a port terminal for ethane imports

Fitch downgrades Sura's asset management business

Credit Ratings Fitch Ratings Downgrade

Sura AM faces "downside risks" as the economic impact of the COVID-19 pandemic remains unclear, rating agency says

AMLO promises capital for Pemex

Corporate & Sovereign Strategy Economy & Policy Equity

Mexican president adds that tax breaks will save $4.8 bln for the state-owned oil company

Elektra looks to refinance in local market

Corporate & Sovereign Strategy Bonds Debt

Mexican retailer and financial services company plans to raise $358 mln in a three-part bond sale to pay off debt

Planigrupo goes refinancing this year

Debt Bonds Loans

Mexican shopping center company is expected to use bullet bonds and bank loans to extend payments on $308 mln in debt

Posadas checks out of restructuring talks

Corporate & Sovereign Strategy Bonds Debt

Mexican hotel operator ends discussions with Rothschild as ad-hoc group shrinks to represent holders of less than 25% of 2022 bonds

JPMorgan discontinues private bank services for locals in Mexico

Latin America Mexico Corporate & Sovereign Strategy

Onshore clients are directed toward BBVA as an alternative for wealth management services, source says

América Móvil prices KPN exchangeable bonds

Bonds Debt Corporate & Sovereign Strategy

Mexican telco prints $2.6 bln worth of three-year notes below guidance

Alpek wraps up bond buyback

Corporate & Sovereign Strategy Bonds Debt

Mexican petchem company agrees to repurchase $316 mln in outstanding 2022 notes

Posadas checks out of restructuring talks  

Corporate & Sovereign Strategy Bonds Debt

Mexican hotel operator ends discussions with Rothschild as ad-hoc group shrinks to represent holders of less than 25% of 2022 bonds

América Móvil offers new notes in euros

Corporate & Sovereign Strategy Bonds Debt

Mexican telco puts up shares in KPN to back a $2.7 bln deal by its Dutch subsidiary