As LatAm stares down a growing list of infrastructure needs, builders and governments hope private lenders return. The only certainty is multilateral and state lending.
Category: Regions
People: Brazilian IB Moves
Eduardo Centola has joined UBS as CEO of the investment bank in Brazil, where the Swiss bank is focused on rebuilding its coverage.
Debt: Quasi Sovereigns on Deck
To the relief of dizzy investors and baggy-eyed bankers, LatAm issuers began to take a minor breather in October, slowing from September’s breakneck pace that saw $14.6 billion in cross-border dollar bonds.
China Latin America Links Proliferate
Cultural barriers remain, but the China-LatAm relationship is starting to blossom. Both sides hope to convert dialogue into more frequent large transactions.
Best Bank – Guatemala
With economic growth returning to Guatemala after a relatively shallow crisis, its banks can return to plans being made prior to 2008.
Equity: Issuers Follow Petrobras
With Petrobras’ $70 billion capitalization out of the way, other LatAm equity issuers are cleared for takeoff.
Best Bank – Venezuela
Mercantil Banco Universal has been expanding its loan portfolio, which has led to year-on-year growth despite a economic contraction and slow liquidity growth in Venezuela.
Best Bank – Costa Rica
State-controlled Banco de Costa Rica has gained market share through the financial crisis, growing the loan portfolio and expanding facilities.
Colombia, Mexico Boutiques Defend Turf
The growth of boutiques in Mexico and Colombia has slowed. Pan-regional players continue to stick to their guns.
Best Bank – Dominican Republic
Banco de Reservas has shrugged off macroeconomic weakness in the Dominican Republic caused by the global financial crisis and continues to grow.
