Shares in Brazilian healthcare firm plunge on to its exposure to Banco Master, which was intervened following a fraud probe
Category: Brazil
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Braskem Idesa downgraded on missed bond payment
Braskem’s Mexico-based petchem subsidiary could be nearing default after it missed a coupon payment, says Fitch
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Vale, Genneia head to global market
Brazilian mining giant sells hybrid bonds, while Argentine renewables firm looks to issue its first green notes in four years
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Brazil orders liquidation of Banco Master
Brazilian central bank closes local lender citing “serious violations,” as police accuse its controlling shareholder of securities fraud
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IDB warns on risks from yawning climate finance gap
Inter-American Development Bank says current efforts to make the region’s economies climate resilient are falling short
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Latin American issuers line up new global deals
Colombia readies a fresh bond sale in euros, as issuers from Brazil and Argentina pitch USD offerings
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Brazilian firm brings agro transition fund to market
Brazilian impact fund Vox Capital plans to raise $1 bln to restore degraded land, prevent deforestation
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New CFOs at Cosan, Raízen, Motiva
Motiva hires away CFO from Cosan, which in turn recruits a new finance chief from its Raízen subsidiary
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LatAm rate cut outlook intact despite hawkish Fed
Fed officials have cast doubt on a December cut, but analysts still see space for lower rates in Mexico and a cutting cycle in Brazil
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IDB firms up Brazil FX deal
The “first-of-its-kind” hedging agreement with the Brazilian central bank is designed to mobilize sustainable investments