A Brazilian bond issue that protects investors from currency devaluation – a big problem in the capital-starved Brazilian energy sector – is a strong test case for future project finance deals.
Category: Brazil
Queens of the Curve
The principal Latin sovereigns are issuing less debt and using greater finesse to manage their yield curves. Can Argentina match the groing talent of Brazil and Mexico?
MarketWatch
Power Rationing Hits Brazil Rainfall in Brazil in the first months of the year, the rainy season, was much lower than last year. Indeed, rainfall is well below historical levels […]
Par-for-Par Breakthrough
Brazil’s cleverly structured Brady exchange allows banks to swap bonds on their books without taking a hefty charge. mexico was the first to follow suit with a $3.3 billion copycat deal.
Punching Above Its Weight
Portugal Telecom has parlayed its Brazilian assets into an outsized alliance with Spain’s Telefónica that will
dominate Brazil’s cell phone market. The deal also will help the Portuguese company overcome its size limitations.
Technology
PCS Auction Canceled for Lack of InterestBrazil’s telecommunications regulator, Anatel, was forced to cancel the first of three bidding auctions for nine new PCS wireless network licenses. Serranby, a consortium […]
Two Years and Counting
The Brazilian power industry needs more foreign investment and greater flexibility on contracts as the deadline for market liberalization approaches. Without changes, power outages are possible as the economy surges.
People (1)
Brazil is once again firmly established as one of the world?s favorite markets, both for bond investors who snap up its paper and for industrial companies that continue to pour […]
Sovereign Report
Brazil Rides S&P Upgrade and US Rate CutBrazil swooped into the markets in the first week of the new year with a remarkably well-timed $1.5 billion, five-year issue managed by […]
