International telecommunications companies have told Henoch Aguilar, Argentina’s communications secretary, that they are prepared to invest over $5 billion in the country once the government deregulates the tightly controlled industry […]
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 […]
Getting Hemmed In
Domestic investors should absorb Argentina’s financing needs for the rest of the year. But a huge deficit and eroding export competitiveness remain key problems for the sovereign and the markets.
It’s Currency That Counts
Argentina’s currency board maintains strong local support but receives mixed reviews internationally. Andrew Powell, chief economist at the Central Bank of Argentina, defends the system.
Lots of Cash but Little Lending
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.
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.
