Now that free market reforms have failed to deliver widespread prosperity, the return of political instability, dormant in Latin America for most of the last decade, creates a new and unwelcome source of risk.
Category: Web Articles
February 2001
Several countires in Latin American adopt the US dollar in a last-ditch effort to stop inflation and economic instability.
Private-Sector Equity – Timed To Perfection
Last year saw a burst of activity in Latin America’s new issues market after three slow years, with activity concentrated mainly in the region’s two largest and strongest economies – […]
March 2001
Latin America’s battered economies emerge from a
downturn, but are about to be swamped by recession
in the US.
Privatisation – A No-Contest Bid for Banespa
In an active year for Latin American bank sales, it’s no surprise that Banco Santander Central Hispano’s $3.55 billion purchase of Banespa, the former São Paulo state bank, takes our […]
Project Finance – Offshore and Off the Books
The development of the oilfields in the Campos Basin 80 kilometers off the coast of Rio de Janeiro State are crucial for Brazil to fulfill its longstanding ambition to become […]
Public-Sector Equity – Barreling onto the NYSE
Last August’s equity offering from Petrobras, Brazil’s national oil company, was a landmark event. It was the largest Latin American equity issue ever, and one of the largest anywhere in […]
Quasi-Sovereign Bond – Standing Out in a Crowd
The winner of the LatinFinance quasi-sovereign bond of the year is the €100 million three-year, fixed rate bond for the city of Buenos Aires, led by Chase Securities. “It was […]
Short-Dated Sovereign Bond – Colombia Beats the Odds
Last year started out looking grim for Colombia. With an escalating internal conflict, deteriorating public finances and two downgrades from Standard&Poor’s, Colombia was “held hostage by US investors and desperate […]
Structured Finance – A High-Rated Securitization
Latin American companies were able to craft some innovative structured finance transactions last year despite the fact that many emerging markets deals were sidelined because of volatility in the international […]
