This year, LatinFinance marks its 15th year of publication. It is an appropriate time to reflect on some of the challenges and events that have shaped the Latin American capital markets since 1988. While there has been no shortage of turmoil in the region, the continuous upheaval has spawned innovative thinking, colorful leadership and landmark developments.
Category: 2003
Posted inMagazine
CNO Wins Syndicate Support
Few Brazilian companies foresaw the severity of the credit crunch in 2002. Some managed to refinance their obligations in time, many others are fighting to avoid a debt restructuring. Last […]
Posted inMagazine
Continental Success for CAF
When Corporación Andina de Fomento (CAF) decided to issue a euro-denominated bond in 2002, it took on a considerable challenge. Unlike the multilateral’s devoted following of US investors, European investors […]
Posted inMagazine
Peru Pulls in the Private Sector
After a 74-year absence, Peru returned to the international capital markets in February 2002 with a 10-year, $1.42 billion bond. The historic issue signaled a break with the past for […]
Posted inMagazine
Corpbanca’s Rare Performance
Chile suffered a five-year drought of equity offerings until last November when a bank with some big-name backers became the first Chilean company to launch an IPO since 1997. Corpbanca’s […]
Posted inMagazine
Petrobras Makes a Bold Buy
Merger and acquisition volumes in Latin America plunged 75% in 2002. However, it was not a bad year for cross-border deals within the region involving Latin American bidders and targets. […]
Posted inMagazine
Digitel’s Substantial Achievement
Arranging project finance in Venezuela for a Latin American telecom company is a bit like piling extreme risk upon extreme risk. So it took a sturdy structure for Corporación Digitel, […]
Posted inMagazine
Pioneering MT 100s Flows
State-owned Banco do Brasil may be the largest bank in Brazil, but it is no slow-moving behemoth. It reaffirmed its reputation for innovation in the capital markets when it became […]
Posted inMagazine
Domestic Help Wanted
Shunned by the international bond market, Latin American companies are looking for local backing. But hooking up hometown bond buyers and companies remains a serious challenge.