Bondholders think the International Monetary Fund and western governments are forcing them to support a sovereign restructuring process that would violate their interests and those of the international bond market as a whole. Hans Humes propeses a solution that would protect the interests of both debtor and creditor in future sovereign restructurings.
Category: Bonds
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Secondary Marketplace – Business & Banking
Aracruz Offers AAA Bonds In February, Aracruz, the Brazilian paper and pulp producer, issued $250 million in seven-year bonds backed by export receivables. The bonds were issued at par with […]
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Committed to Reform
The president of the CVM, Brazil’s capital market regulatory agency, explains why new legislation will reform the country’s equity markets, improve corporate governance and help minority investors.
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The Thnking Banker’s Thinking Banker
Sir John Bond, chairman of HSBC Holdings, says the international financial community should create an environment in which markets can function more effectively.
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CAF’s Strategy is Consistency
If there is one financial institution that has held steady through good times and bad in Latin America, it is the Corporación Andina de Fomento (CAF). The firm, which celebrated […]
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Televisa’s Big Buyback
Grupo Televisa, Mexico’s largest broadcaster, has moved a step closer to buying back $970 million in bonds. Bondholders have approved the cancellation of debt covenants and the company’s repurchase of […]
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Bladex Expands in Latin Market
Banco Latinamericano de Exportaciones SA, the trade finance bank better known as Bladex, is opening an office in São Paulo, adding one in Mexico City and expanding its operations in […]
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Growing Brazilian Pension Funds Go For Fixed Income
Brazil’s pension funds are the largest in Latin America, accounting for about 40% of the region’s retirement fund assets last year, when they had R$115.12 billion ($63.98 billion) in funds […]
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Holding on to the Start-Ups
Brazil’s CVM securities commission has eased listing regulations to encourage local and foreign companies Internet companies to list on the São Paulo stock market and stanch the loss of trading […]