Thanks to lower yields and an influx of money from a new class of investors, capital raising in Latin America put on its best show in years. But will the region be able to steer clear of the potential hazards?
Category: 2004
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Wishful Thinking
What should we hope for in 2004? Prosperity, strong markets and plenty of successful deals, certainly. But Latin America’s leaders could also make a few resolutions. Here are some wishes […]
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A Bond With A Twist
Pemex, Mexico’s state-owned oil monopoly, faces an unusual problem for a major oil company. Although it is one of the world’s largest oil producers, it is financially overstretched because it […]
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Mexico Launches Another First
Mexico capped a three-year campaign in 2003 to construct an even and long-dated yield curve in the local market when it successfully place a MP$1.19 billion ($108 million) 20-year fixed […]
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A City Sidesteps Federal Help
The quest for money to build a water treatment plant led a Mexican city to devise a new financing mechanism that may help raise money for local government projects in […]
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Mounting a Flexible Strategy
Demand for exotic credits, popular with international investors in 2001 and 2002, waned after Brazil won back investor interest in the second half of 2003. Luckily, there is still demand […]
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A Gargantuan Refinancing
Enersis, Latin America’s largest private sector electricity utility, with subsidiaries in Argentina, Brazil, Chile, Colombia and Peru, faced a bleak situation in 2002 as Argentina’s devaluation and deepening economic crisis […]
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Movil Moves Beyond Mexico
América Móvil, Mexico’s biggest cellphone company, blazed a trail across Latin America in 2003, building up a regional network. Armed with a healthy balance sheet and access to low-cost financing […]
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A Model Reorganization
Until recently, investors in a Mexican company could pretty much kiss their money goodbye if it ever went bankrupt. Under Mexico’s 1943 bankruptcy laws, companies could file for bankruptcy, avoid […]
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Multiple Missions Accomplished
Venezuela was shut out of the global capital markets through much of 2003 and with good reason, and it took an unusual $1.5 billion bond deal to reopen the markets […]