Until very recently, most international investors would generally buy Mexican peso bonds to indulge in a little currency speculation. But the game has changed now that the world’s three main […]
Category: 2003
Posted inMagazine
Mexico Whittles Down Its Bradys
In September 2002, Mexico issued a $1.75 billion, 20-year global bond to exchange a batch of outstanding Brady bonds and raise new money. The government convinced investors to exchange $1.3 […]
Posted inMagazine
Banking & Business
Femsa Gulps Down Panamco Femsa Gulps Down Panamco Mexican soft drink company Coca-Cola Femsa in January swooped in to take control of Panamerican Beverages (Panamco), paying $3.6 billion for the […]
Posted inMagazine
Mexico’s Smooth Sale of Ahisa
Privatizations in Latin America become rarer with every passing year. Governments have already unloaded most of their choice assets and political opposition to further sell-offs is swelling throughout the region. […]
Posted inMagazine
Bradesco’s Efficient Capital Raising
Raising money for Latin American banks in 2002 required a good dose of skill and imagination. International banks, stuck with heavy losses in Argentina and fearful of more trouble in […]
Posted inMagazine
Pain, Change and Progress
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.