Copper company Codelco posted a banner year in 2004, largely on exports to Asia. CFO Francisco Tomic shares his optimism over what’s ahead in 2005.
Category: Regions
Posted inDaily Brief
Ecuador Rejects Reform Package
Ecuador’s congress overwhelmingly rejected 68-3 government draft legislation giving the private sector a greater role in the state-run pension system and government-controlled oil industry, improving the quality and structure of the country’s public finances. President Lucio Gutiérrez fired the entire Supreme Court in December, poisoning relations with the opposition-dominated congress.
Posted inMagazine
A Cut Below Mexico
It took one transaction for telephone giant Telmex to anchor itself in the US high grade market by piercing Mexico’s sovereign ceiling.
Posted inMagazine
In the Crosshairs
Failure to comply with US corporate governance standards will cost Latin American companies heavily. And Mexico’s TV Azteca is first on the hit list.
Posted inMagazine
Colombia Securitizes Mortgages
Securitization – repackaging mortgages into tradable securities – became popular in Colombia long before it started to catch on in other Latin American countries. Now Colombia has taken another important step forward […]
Posted inMagazine
Betting on Beauty
Panama wants to double its tourism industry revenues in five years. Better organization will be needed to make that plan attainable.
Posted inMagazine
Opening New Paths
Late in 2004, Colombia broke with tradition. In place of its usual year-end dollar bonds to pre-fund spending in the year ahead, it issued landmark peso-denominated global bonds. The CP954.24 […]
Posted inMagazine
Borrowing at Home
Panama turned to the international markets to pre-finance spending for 2005. But when it’s time to raise more money, it will stay closer to home.
Posted inMagazine
Free Zone Shortfalls
Panama’s free trade zone is a success, but it needs to invest more to improve infrastructure and security. Nobody is sure where the money will come from.
Posted inMagazine
The Sol Also Rises
In a year that saw several successful Latin American euro-denominated sovereign bonds, Peru’s ?650 million 10-year note stands out as a winner. It helped that investors attending the annual meetings […]