Regulation

Brazilian equities gain ground in first half

Equity IPO Capital Markets

Deals from Centauro and BK Brasil stand out as highlights, while Neoenergia and Carrefour Brasil prepare share sales of their own

Brazil adds to concessions program

Economy & Policy Project & Infrastructure Finance Politics

PPI includes 59 projects with an estimated $405bn in total investments over 30 years

Gerdau raises more reais

Debenture Debt Capital Markets

Brazilian steelmaker gets $354m from a two-part deal, its second local debt sale in six months

Hapvida looks to local bond market

Debenture Bonds Debt

Brazilian healthcare company plans to sell more than $500m in debentures to fund part of the $1.27bn acquisition of rival São Francisco

Brazil's central bank dismisses rate hike this year

Economy & Policy Capital Markets Regulation

Copom also lowers its Selic forecasts for 2020 after keeping the benchmark rate at a historic low

Light completes local debt sale

Debenture Debt Capital Markets

Brazilian power company raises $155m from a three-part debenture deal, shy of the $190m target

Brazilian meatpackers put a cap on refis

Bonds Debt Capital Markets

JBS and Marfrig will likely stay away from the bond market for the rest of the year, but BRF could set the stage for more local debt sales, sources say

Petrobras puts up stake in Mega

M&A Corporate & Sovereign Strategy Debt

Brazil's state-owned energy company sends out teasers for its 34% share in the Argentine natural gas company

New M&A law could scotch Enel's bid for Luz del Sur

M&A Corporate & Sovereign Strategy Economy & Policy

Italian power company has to work faster to do a transaction now, source says

Coruripe prepares another CRA sale

Debt Capital Markets Corporate & Sovereign Strategy

Brazilian sugar and ethanol company aims to issue $200m in agribusiness receivables through the local securitization firm Eco

Venezuelan protests fail to inspire investors

Debt Bonds Capital Markets

Bond buyers prefer to wait and see how the political crisis plays out, source says

BBVA looks to lead more syndicated loans to Mexican states

Loans Corporate & Sovereign Strategy Economy & Policy

Spanish bank wants to replicate last year's $1bn deal with Chihuahua in other states

Neoenergia arranges debt sale ahead of IPO

Debenture Debt Capital Markets

Iberdrola's subsidiary in Brazil looks to raise up to $383m in the local market as it prepares to go public

MRS, Santos Brasil issue local notes

Debenture Debt Corporate & Sovereign Strategy

Brazilian railroad and port terminal operators raise $242m combined from the sale of debentures

S&P upgrades Panama

Corporate & Sovereign Strategy Economy & Policy Debt

Years of "rapid" GDP growth earn the country a BBB+ rating