LatinFinance’s Deals of the Quarter Century Awards recognize the most impressive capital markets transactions in Latin America over the past 25 years – through good times and bad.
Category: 2013 May / June
Posted inMagazine
Peru Sees Rates Steady: Velarde
Peru’s central bank does not yet see signs for a rate cut, central bank governor Julio Velarde said.
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M&A: Buying into Peru
Peru was at the center of Latin America’s M&A markets in March and April, amid a quieter than expected start to the year. Latin America-targeted M&A volume was $18.2 billion in the first three months of the year, the lowest quarterly volume since 2005 and down 41% from the same period in 2012 – even […]
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People: Maduro picks cabinet
Venezuelan president Nicolás Maduro, elected on April 14, appointed central bank governor Nelson Merentes as finance minister. The move cheered analysts, who say Merentes is likely to be more pragmatic than his predecessor, Jorge Giordani. Commerce minister Edmée Betancourt was nominated as president of the central bank. Itaú BBA hired Morgan Stanley’s Charles Stewart as […]
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Institutional wealth – central banks: Burden of riches
An unprecedented surge in reserves has left central bankers struggling to find yield – and still play it safe
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Equity: Sempra charges up Mexico
Equity markets showed further signs of life heading into the second quarter, with a busy run from Brazil set to match a heavy start to the year by top Mexican issuers in the first quarter. Sempra Energy’s IEnova spin-off raised 7.41 billion pesos ($596 million) with an IPO landing at the top of its price […]
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Institutional wealth – pension funds: The next generation
Ballooning savings from young populations are raising the stakes for Latin America’s pension managers
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Debt: Chasing yield
Falabella became Chile’s first corporate borrower to sell a global peso transaction in late April, adding a $200 million-equivalent tranche to a $500 million dollar bond. The triple-B rated borrower paid a reoffer yield of 6.5% on the peso tranche and 3.861% for the dollars. The deal came amid a busy March and April for […]
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Debt investor scorecard: Beating the benchmark
Latin debt funds have had a solid run in recent years. But replicating record returns will prove ever more challenging
Posted inMagazine
Equity investor scorecard: Bargain hunters
Not everyone has fallen in love with LatAm’s domestic demand story. For equity investors, finding the turning point is the route to success – even for unloved large caps