China will forge ahead with efforts to diversify its $3.3 trillion foreign exchange stockpile into higher yielding assets, Yi Gang, director of China’s State Administration of Foreign Exchange (SAFE), says.
Category: 2013 March / April
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Ecuador Plans Exchange, New Bond
Ecuador plans to launch an exchange offer for holdout creditors, clearing the way for a new sovereign bond sale, deputy finance minister Fausto Herrera said.
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Sovereign debt: Next in line?
Bolivia and Paraguay have shown the bond market is open for riskier credits at exceptionally low rates. An Ecuadorian benchmark may push the limits of incredulity – but might not be so farfetched
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Debt: High-yield leaps then stumbles
High-yield credits surfaced earlier than usual this year and dominated issuance in the first weeks of 2013, taking advantage of an uptick in risk appetite. But by February, sentiment had started to turn amid a pick-up in US Treasury yields – and several transactions were shelved
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Venezuela: Making change
Despite devaluing the bolívar in February, Venezuela’s chronic dollar shortage continues. Another devaluation may well be on the cards
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Equity: A price to pay
The equity markets got off to a better start this year than last, but the results have so far been mixed. Optimists’ mantra that markets are open for the right names at the right price proved to be true in the first weeks of the year.
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Africa: Height of the sky
As economies boom on both sides of the south Atlantic, the potential for trade and investment between Latin America and Africa has scarcely been so great
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M&A: BBVA continues pensions exit
BBVA continues to dispose its LatAm pension businesses, with the $2 billion sale of its Chilean AFP Provida unit in February. That followed the $530 million sale of Horizonte in Colombia in January. The Spanish bank has sold three LatAm pension funds, with only its Peru operation remaining.
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China: Forward march
After years of tentative steps, China’s banks are poised to expand aggressively in Latin America
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Costa Rica | A matter of time: Interview with president Laura Chinchilla
As Costa Rica’s president Laura Chinchilla enters her final year in office, she talks to LatinFinance about her remaining ambitions – and her legacy