Just 12 months ago, predictions about Latin America’s future were dominated by doom and gloom. Today, they verge on euphoria, with the potential set of diminished systemic risks no longer […]
Category: 2004
Posted inMagazine
Rebuilding the Balance Sheet
When Argentina abandoned its currency board early in 2002 after 11 years, the peso promptly sank by 75%. The devaluation, coupled with the biggest default in history, crushed Argentina’s economy. […]
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Impressing the Local Crowd
Coca-Cola Femsa, the Mexican soft drink bottler, has never had much need for the capital markets because of its ability to generate vast amounts of cash. The Monterrey-based company had […]
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Slow and Steady Won the Race
A decade ago, the Coca-Cola Company designated several companies as Latin America’s anchor bottlers. One was Mexico’s Coca-Cola Femsa and the other was Panama-based Panamerican Beverages. The companies quickly became […]
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In a Class of Its Own
Mexico notched up a remarkable number of firsts in the markets last year. It was the first emerging markets borrower to issue bonds with collective action clauses, it retired its […]
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Sticky Money for Mexico
Mexican public credit officials and investment bankers from Citigroup and Deutsche Bank crisscrossed Europe last May and detected demand among institutional investors for a large, liquid, non-dollar global benchmark bond. […]
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Latest Financial Transactions From The Region
Brazil Gets $1.5 billion as C-Bond Breaks Par Brazil sold $1.5 billion in 30-year bonds, priced to yield 8.75%. Deutsche Bank and Citigroup managed the sale. This was the sovereign’s […]
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Still Waiting for a Revolution, by Mark Mobius
The stage is set for continued vigor in the Latin American equity markets. However recent gains reflect a cyclical rebound more than fundamental change.
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Latin America’s Lead Manager
JP Morgan decisively pulled ahead of the competition in Latin America last year, with a dominant market share in bond and equity issuance, and mergers and acquisitions mandates, the key […]
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The Best and the Brightest
LatinFinance showcases 25 outstanding financial transactions, announcing its best sovereign, corporate and financial institution of 2003 in the capital markets as well as the best investment bank of the year.