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.
Category: Regions
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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 […]
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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.
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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 […]
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Economic Exiles
A fifth of Mexico’s population now lives abroad. For some smaller Latin American countries, the percentage is even higher. This exodus has grown steadily for years, and the expansion of […]
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Local Market Appeal
Although more Panamanian companies are eyeing local capital markets for financing, foreign issuers still dominate the landscape.
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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 […]
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Pemex Places a Perpetual
Pemex made history last September with a bond that was as unusual as it was successful. Mexico’s state-owned oil company, among Latin America’s most frequent and most sophisticated issuers, raised […]
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On an Upward Track
Panama City gained prominence as Latin America’s premier offshore banking center, but it’s not the only game in town anymore.
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Rating Game
Although Panama is tantalizingly close to attaining investment-grade status, an upgrade may elude the country for some time yet.