Whether the problem is high interest rates or low demand, corporate lending and investment in Argentina is at a standstill, even though the capital markets are willing to do business.
Category: Argentina
Even Blue Chips
Nobody is exempt from the disenchantment with emerging market risk. Long-term capital buyers are scarce even at Metrogas, the British Gas affiliate in Argentina, despite rising revenues and cashflow.
Galicia Share Swap
The main shareholders in Banco de Galicia, Argentina’s last big locally-owned bank, announced a share swap in which it will exchange stock in its holding company for bank shares held […]
Argentina Sells Euro Issue and Announces Swap
Argentina, Latin America’s biggest and most frequent borrower, returned to the markets in May, launching a 750 million euro five year bond, lead managed by Chase Manhattan and JP Morgan. […]
Going It Alone
Pérez Companc, Argentina’s last major independent energy company, does the contrarian thing by issuing a stock swap to preserve its independence.
Opening Capital Campaign
Argentine media conglomerate Grupo Clarín finally decides it must give up equity to preserve its communications hegemony.
A Debt Warrior Heads into Battle
Argentina’s finance secretary, Daniel Marx, will wage a campaign against pessimistic investors and skeptical markets this year. The country was once the darling of emerging markets but now is a far harder sell.
The Latin American Investor Relations 1999 – 2000 Directory
Argentina Alpargatas S.A.I.C.Av. Regimiento de Patricios 1142, Buenos Aires, Argentina 1266, Tel: (54-11) 4303-0041, Fax: (54-11) 4303-0041 int.675 Investor Contacts:CEO: Patricio Zavalia Lagos CFO: Alan Clutterbuck Banco de Galicia y […]
A Fading Star
Despite the euphoria in the immediate aftermath of Repsol’s purchase of blue chip YPF, the Argentine stock market’s near-term future looks far from rosy, writes David Swafford.
