Uruguay hopes to invigorate local capital markets with new legislation. The country’s vice president says public companies may soon list minority stakes locally.
Category: 2011 January / February
Posted inMagazine
BEST LOCAL CURRENCY FINANCING
Colombia paved the way for LatAm issuers in April with an $800 million 2021 equivalent global TES bond. It braved the market to issue the first global local currency deal from LatAm since 2007, according to Dealogic.
Posted inMagazine
LatAm Syndicated Loans Outlook
Rekindling Loans
International banks are eager to re-enter the LatAm bank market. But cost of funds, spread compression and better DCM terms will keep a lid on volume.
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BEST PRIMARY EQUITY ISSUE
Investors could be forgiven for forgetting that Mexico had an equity market, or at least one with new issuers.
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COMMENT: Year of the Panda
China Investment Corporation’s involvement in a consortium buying part of Brazil-based BTG Pactual marks a shift into financial assets for China.
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BEST PRIVATE EQUITY DEAL
In June, UK-based private equity giant Apax Partners, through its Dethalas vehicle, closed on its first investment in Brazil.
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PEOPLE: BoTM Beefs Up
Bank of Tokyo-Mitsubishi UFJ has named David Gruppo head of LatAm corporate and investment banking, a newly created position.
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BEST FOLLOW-ON EQUITY
Love it or hate it, there was no avoiding the giant, black, viscous elephant in the room of LatAm equity last year.
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DCM: Pipeline Builds
Revived European debt woes put a lid on last year’s bumper DCM volume, which was fuelled by unprecedented fund inflows and tantalizingly low rates for borrowers.
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BEST CROSS-BORDER M&A DEAL
In a year of significantly increased Chinese buying of LatAm assets, CNOOC’s purchase of 50% of Bridas was one of the largest South-South deals.