ING Moves into Mexico’s Insurance MarketING Group, the Netherlands-based financial services company, agreed to buy a 45.2% stake in Seguros Comercial América from Savia, the troubled Mexican conglomerate. The $791 […]
Category: Regions
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Bolivian Issue Makes its Mark
The largest and longest-dated bond issued in the Bolivian market could open the door for more private sector projects looking to find financing in the local markets.
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Pemex Repositions its Risk
A recent bond issue by the Mexican national oil company proves that it is parting ways with other emerging debt markets issuers, a trend that investors support.
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Sovereign Report
Colombia Swaps, Issues, and Reopens Colombia carried out an impressive domestic debt exchange in June reducing its financing needs for next year. The government exchanged $2.45 billion in debt for […]
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Too Little, Too Late?
In July, Colombia’s three feeble stock exchanges merge into a unified bourse. The question is, will the change restore equity investment in the country, even if sovereign risk improves?
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Business & Banking
Citigroup’s Mammoth Mexican Play Citigroup agreed in mid-May to purchase Mexico’s Grupo Financiero Banamex-Accival, the parent company of Banamex, the country’s second-largest bank, for $12.5 billion. Citigroup’s tender offer for […]
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Citigroup’s Latin Platform
The purchase of one of Mexico’s most successful banks has transformed Citigroup into the largest private sector financial institution in Latin America with $49 billion assets in the region.
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Sovereign Report
Mexican Brady Buy Back Mexico reopened its $1.5 billion, 10-year global bond offering in May, first launched January 8. The opening was for $1 billion and the proceeds were used […]
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The Steep, Uphill Battle
Jamaica’s government faces a prolonged struggle to manage its debt mountain despite privatizations and the sale of financial institutions. Now the government is turning increasingly to the international capital markets.