Cross-default provisions on two series of bonds remain in place
Category: Latin America
Posted inDaily Brief
Santander México breaks cross-border ice with five-year bonds
Mexican lender tightens the coupon on $1.75 bln in new notes to 5.375% from IPTs in the 6% area, sources say
Posted inDaily Brief
Brazil drafts aid package for states and cities
Chamber of Deputies earmarks $15.5 bln to make up for lost tax revenues during the coronavirus outbreak
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AD Retail to move ahead with restructuring
Chilean department store operator gets creditor approval for reorganization, helping to avert bankruptcy
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El Salvador gets $389 mln in emergency aid from IMF
Aid represents the first IMF loan to the Central American nation in more than 30 years
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Eneva sells short-term debt for AES Tietê bid
Brazilian power company issues $79 mln in one-year notes to fund takeover offer
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LatAm economy to contract 5.2% in 2020 – IMF
Global economy to shrink 3% during the “Great Lockdown” of 2020, according to the multilateral lender
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IIF sees ‘deep recession’ in LatAm this year
Extended lockdowns will lead to a 4.5% drop region-wide in 2020, larger than the last global financial crisis
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FACTBOX 4/14/20: Latin America moves to mitigate impact of COVID-19
UPDATE 4/14: Chile outlines terms for emergency loans to small businesses
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Triunfo hands back toll road concession
Brazilian infrastructure company blames weak economy and change in federal government’s financing policies