Brazilian banks are taking shelter from the cross-border storm by privately placing bonds backed by future foreign payment receivables, or DPRs. Bankers and lawyers familiar with the structure say other […]
Yearly Archives: 2008
Posted inMagazine
Industrial Evolution
Guatemala’s dominant financial institution, Banco Industrial, awaits a window to raise equity capital to feed regional expansion. The increasingly attractive target says it is not for sale.
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Late Arrivers Raise Ante
A handful of New York-based banks that have for the most part occupied the second and third tiers in LatAm have upped the ante with another round of aggressive hiring. […]
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Managers Get Defensive
A quarter of the year has passed and LatAm’s new issue equity calendar has remained dormant, save for a handful of follow-ons from issuers with urgent financing needs and little […]
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Mid-Caps Make Strides
LatAm mid-cap banks have become much more dynamic, raising their game in ethics, sustainability and corporate governance. But there is still a wide gulf in standards.
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Revamping in Good Times
Trinidad and Tobago’s oil and gas companies are taking advantage of high energy prices to invest in the future. NGC alone plans to spend around $500 million.
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Riding Out the Waves
There is increasing demand for tourism project development funds, particularly in Brazil. But the shutdown of the high yield market has forced developers to look harder for cash.
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SHF Stays the Course
Mexican mortgage agency SHF is sticking around to shepherd the market through troubled times. This brings temporary relief, but the private sector wants to lead.
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Unearthing Stressed Debt Opportunity
A significant number of LatAm corporate bonds show signs of stress, mainly due to contagion from developed markets. Investors must be selective and disciplined to exploit the opportunity.
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Vale and Xstrata Part Reluctantly
Brazil’s Vale has terminated talks on a takeover of Swiss miner Xstrata that could have generated a record $90 billion in M&A volume. Optimism among investors and bankers was running high for a deal up until late March, when they jointly announced a termination.