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With its home country crumpling around it, the Argentine confectionery company Arcor is remarkably solvent, thanks
to Luis Pagani, its farsighted president and LatinFinance’s CEO of the Year.
With better than expected default rates and improving ratings, emerging market bonds – including those from Latin America – deserve a serious look from the collateralized debt obligation marketplace.
Phillippe Reichstul has taken over Globo, the Brazilian media group that has hit a rough patch. His stellar performance at Petrobras, the national oil company where he was CEO, made him a shoo-in for his new role.
Several countries in Latin America have modernized their corporate bankruptcy proceedings. But it is not yet clear the extent to which the reforms have established the flexibility needed to resolve complex default cases.
Argentina’s banks are bust and the economy is paralyzed. Everyone is going to lose in the biggest default in history, starting with the foreigners.
The debate over how to deal with countries that go bust heated up as Argentina’s finances disintegrated. But the idea of establishing a formal mechanism to process sovereign debt faces many obstacles, starting with investors.
The president of the CVM, Brazil’s capital market regulatory agency, explains why new legislation will reform the country’s equity markets, improve corporate governance and help minority investors.
The deteriorating credit quality of many Latin American debt issuers is raising their financing costs, threatening to push struggling companies over the edge and ignite an unprecedented succession of defaults on corporate bond issues.
League tables have long been prized by investment bankers for pitching business to governments, public and private companies. Occasionally they are scorned as tools for marketing to the uninformed. But […]
Just days before Argentina?s momentous $29.52 billion debt exchange last May, the government managed to pull together support for a $1.1 billion patriotic bond. When international investors shied away and nervously awaited the outcome of the exchange, the government crafted a deal to garner domestic support.
