Brazilians Reopen Bonds Brazilian issuers took advantage of the brightening mood in the international capital markets in September. The Brazilian government and the country’s state-owned oil company, Petrobras, both nipped […]
Category: Bonds
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Bladex: Back to Basics
An ill-starred diversification plan at Bladex put it in the cross hairs of Argentina’s collapse. But today the trade finance bank is recapitalized and focusing on traditional lending.
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Becoming the Benchmark
Brazil’s C-Bond is more than just another Brady. It is a landmark in the emerging market asset class. It is the largest, most liquid of all the Bradys. Last year’s […]
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Latin American League Tables 1988-2002
Latin American League Tables 1988-2002 Top Advisor to Public Sector Bond Issuers JP Morgan Top Bookrunner to Private Sector Bond Issuers JP Morgan Top Arranger of Syndicated Loans JP Morgan […]
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Sovereign Report
Mexico Issues Bond With Action Clauses In a landmark deal in February, Mexico became the first sovereign to issue a global bond incorporating innovative collective action clauses. These legal agreements […]
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Continental Success for CAF
When Corporación Andina de Fomento (CAF) decided to issue a euro-denominated bond in 2002, it took on a considerable challenge. Unlike the multilateral’s devoted following of US investors, European investors […]
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The Price of Reform
The Inter-American Development Bank has little to show for the billions of dollars it has pumped into Latin America. But Enrique Iglesias, who has led the IDB for 14 years, defends the bank’s role and revelance.
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Sovereign Report
Colombian Swaps Short-Dated Bonds In May, Colombia swapped $600 million in dollar-denominated short-dated bonds for longer-dated Colombian peso bonds to improve the maturity profile of its public debt. The government […]
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Seeking the Common Ground
Bondholders think the International Monetary Fund and western governments are forcing them to support a sovereign restructuring process that would violate their interests and those of the international bond market as a whole. Hans Humes propeses a solution that would protect the interests of both debtor and creditor in future sovereign restructurings.
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Secondary Marketplace – Business & Banking
Aracruz Offers AAA Bonds In February, Aracruz, the Brazilian paper and pulp producer, issued $250 million in seven-year bonds backed by export receivables. The bonds were issued at par with […]