Latin America’s trade with China is booming. Yet the relationship between the two regions is a work in progress – as are moves to raise debt in renminbi
Category: Bonds
Posted inMagazine
Jamaica Best Bank: National Commercial Bank
Jamaica¹s economic woes have not made life easy for its banks and conditions are not expected to improve soon. After struggling through a prolonged recession, last year Jamaica¹s real […]
Posted inMagazine
Bank of the Year & Best Bank Brazil: Bradesco
With the environment for Brazil’s big banks getting ever trickier, Bradesco’s diversification and defensive nature leave it well placed to deal with government meddling and lower profitability
Posted inMagazine
Latin banking: Strength in numbers
In the wake of a landmark investor survey of Latin America’s banking sector, LatinFinance takes stock of a range of views of investment professionals weighing up the merits of a fast evolving industry
Posted inMagazine
Bank of the Year 2012: Rates of change
Latin banks have come a long way – and today, the contrast with Western lenders could hardly be more stark
Posted inMagazine
Mexico Best Bank: Banorte
Mexico¹s banking sector is in good shape with the country¹s largest lenders largely isolated from global turmoil and well poised to capitalize on the economy¹s expected growth. Output is likely […]
Posted inDaily Brief
IAMSA Set for Bond
Mexico’s IAMSA is scheduled to price a MXP3.5bn ($268m) securitization in the domestic bond market today. The bus operator is looking at yield in the area of Mbonos+390bp for the 15-year bond, according to people familiar with the sale. The transaction is backed by IAMSA’s 1,438 buses and future ticket sale revenues, and will raise funds to repay bank debt. Santander is managing the sale, rated AAA/AA minus on a national scale.
Posted inDaily Brief
Port Operator Loads Up Local Debt
Multiterminais has raised BRL129m ($64m) in Brazil’s domestic bond market, according to Anbima. The logistics provider and port operator’s 2017 debenture pays the DI+1.5%. Itau managed the sale, done under the rule 476 restricted format.
Posted inDaily Brief
Banco de Chile Issues in Peru
Banco de Chile has sold PES75m ($29m) in bonds in Peru, the bank says, in a private RegS-only transaction. The 2017 issuance is part of the bank’s diversification strategy and comes under a $100m-equivalent authorization. The interest rate was not disclosed, and officials at the bank didn’t return requests for comment. JPMorgan managed the transaction, rated A+.
Posted inDaily Brief
Brazilian Tower Operator Closes Debentures
BR Towers, an operator of cellular communications towers, has raised BRL251m ($124m) in domestic debt, according to Anbima. The 2022 bond pays the DI+3.4%. Santander managed the sale, done under the rule 476 restricted format.