After years of little activity, Latin American companies have returned to the equity markets in formidable style, with a brace of offerings from Brazil, led by a record-breaking $4.1 billion […]
Category: Brazil
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Front Notes
What lessons have the International Monetary Fund and the international financial community learned from last year’s debacle in Ecuador and Brazil’s currency devaluation in January 1999? In 1998, multilateral lenders […]
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Sovereign Report
Brazil Brazil launched Latin America’s largest-ever voluntary bond swap on August 9, with a $5.16 billion, 40-year global bond with an 11% coupon. The issue was also the longest-dated non-investment […]
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IdeiasNet Lists Locally
Turbulence on Nasdaq has prevented many capital-hungry Latin American Internet companies from raising capital on the equity markets. However Brazil’s IdeiasNet, an incubator with 17 companies in its portfolio, has […]
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Itaú To Take Stake In AOL
Brazil’s second-largest private bank, Banco Itaú, plans to purchase a 12% stake in AOL Latin America. Itaú will buy shares when AOL Latin America goes public on Nasdaq, acquiring 6% […]
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Telmex and Bell Canada To Build Brazilian Network
Teléfonos de México (Telmex), Latin America’s largest telephone company, is venturing into the Brazilian telecommunications market through a $3.5 billion alliance with Bell Canada. Telmex plans to build a high-speed […]
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A Commanding Lead
The bulge bracket banks of New York and European wannabes have taken control of Brazilian high finance. But local firms cannot be discounted as big-ticket state privatizations wind down.
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Bookseller Deal in Brazil
Espiral.com, the largest retailer of Spanish-language books, has acquired Brazil’s Canalcompras.com to expand its market share. Livrarias Nobel, one of Brazil’s largest bookstore chains, created and later spun off Canalcompras.com. […]
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Brazilian Airlines Create Online Travel Agency
Varig, Brazil’s largest airline, is joining forces with the country’s third largest carrier, TAM, to create a new online travel agency to be named Portal Latino Americano: plata.com. The project […]