Latin America must come to terms with China’s emergence as a global political and military power, instead of simply viewing it as a fabulous new export market for raw materials. by David Hale*
Category: Regions
Kings of the Capital Markets
Citigoup is the best investment bank and Cleary, Gottlieb is the best law firm serving Latin America. Mexico is the best sovereign issuer.
Fine-Tuning Market Debt
Mexico carried out a landmark global-for-global bond exchange in April. Andrés Conesa, head of public credit, says the deal saved money, improved investor relations and will help the sovereign price future bond issues more efficiently.
Going Global, At Last
After seven years of being restricted to investing in Mexican bonds, the country’s pension funds can now put their assets into equities and foreign securities.
Branching Beyond Home Markets
Caribbean banks are looking for scale as they assume more aggressive pan-regional strategies. Trinidadian players are leading the pack.
Another Wake Up Call
Politicians again are demanding that Mexico’s banks lend more. As the pressure mounts, consumer finance companies are steam-rolling into the market.
Playing Hard to Get
América Móvil waited years to issue its first international bond. When the Mexican cellphone company finally went to the market, plenty of investors wanted a piece of the action.
