Uruguay Gets a Reprieve In May, Uruguay announced that 90% of bondholders had participated in its $5.3 billion bond swap, agreeing to exchange existing bonds for new ones with extended maturities. Citigroup acted as […]
Category: Daily Brief
Posted inDaily Brief
Sovereign Report
Mexican Bradys, Endangered Species Mexican Bradys are on their way out, after the finance ministry decided to call $3.8 billion-worth of outstanding dollar-denominated A and B series Brady bonds. Once the […]
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People
Enter QuirogaOn August 7, an unpretentious 41-year-old engineer wearing Bolivia’s red, yellow and green presidential sash, stood in the Casa de la Libertad in Bolivia’s capital city and took over […]
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The Shock of the New
The Internet is threatening to sweep away established market structures. It promises to change forever the way companies raise capital, the way investment banks work and how capital markets operate.