Colombia’s state oil producer no longer plans to issue equity this year. Debt is possible, but Ecopetrol has cash, Camilo Marulanda, VP of strategy and growth, tells LatinFinance.
Category: 2010
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Dominican Republic Banks Get Busy
The Dominican Republic’s banking system survived the global financial crisis with only minor scratches. Credit demand and supply are expected to rise.
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Alfa Eyes Liability Management
After making the most of the Mexican corporate debt resurgence, Grupo Alfa may not be finished. Looming maturities may call for liability management.
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Trinidad & Tobago Rides a Wave
Trinidad & Tobago will see GDP growth this year, mainly on higher oil and natural gas prices. However, it may need to place bonds to cover a fiscal deficit.
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Genomma Says Hello to US, Brazil
Mexico’s Genomma Lab has conquered its home market and seeks to replicate that success in the US and Brazil. It has funds, but will proceed slowly.
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Jamaica Gets Stuck in the Woods
Jamaica’s terming out of local obligations allowed it to reduce interest payments and extend maturities. However, it does not solve the country’s substantial problems.
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PEOPLE MOVES: Citi Doors Revolve
Citi’s revolving door has seen a lot of action recently, with bankers moving in, out and sideways.
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DEBT: Issuers Take Advantage
New LatAm debt issuance continues at a brisk pace, with nearly $30 billion in sovereign and corporate issuance through April 15, according to Dealogic, up 76% year-on-year.
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Femsa Hits the Acquisition Trail
Fresh off of the sale of its beer unit, Femsa is focused on more cash-generating businesses. It also has money free for potential acquisitions and buybacks.
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EQUITY: Buyers Clash With Investors
The number of interested issuers suggests a bumper volume year to rival 2007. However, primary issuance from Brazil continues to disappoint buyers skeptical of inflated valuations.