Asset Management Bonds Debt
Financing gap expands to $3.4 bln as the country reels from the coronavirus outbreak and the fall in oil prices, finance minister says
President Fernández says deal could be tougher than expected due to the impact of the coronavirus on the country's finances
Loans Economy & Policy Corporate & Sovereign Strategy
Multilateral lender allocates a total of $515 mln for seven countries in LatAm in less than a week
Government gains time to restructure $83 bln in external debt, sources say
Bonds Debt Capital Markets
Rating agency says default "appears inevitable" within six months
President Fernández reiterates that the government cannot pay off debt until the economy recovers from a worsening recession
IMF says Ecuador will seek help through Rapid Financing Instrument
Project & Infrastructure Finance Loans Corporate & Sovereign Strategy
Lenders focus on reviewing their portfolios and providing short-term liquidity, rather than drumming up new deals
Brazilian oil company may have to execute a u-turn, oil and gas specialists say
Funds Asset Management Corporate & Sovereign Strategy
Outflows are already twice as much as during the financial crisis of 2008, according to the IIF
International investors will demand higher yields to cover additional risk, but some corporate borrowers can turn to local bond markets, sources say
Market rout could also expose the country to vulture funds that may refuse to accept any offer from the government
Brazil's state-owned power company gets authorization from the CBI
Brazilian fixed-term instruments receiving growing interest from investors in wake of virus crisis
With support from the IMF, the government prepares what is expected to be an "unfriendly" restructuring offer as payments loom, sources say