Bondholders and Egypt’s Orascom present plans to exchange outstanding notes for a 95% stake in the bankrupt Brazilian telecom
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Petrobras receives $5bn loan from Chinese development bank
The 10-year financing deal comes as Petrobras also agrees to sell 100,000 barrels of oil a day for a decade to three Chinese firms
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Mexico follows the Fed with rate hike
Mexico’s central bank increases the benchmark monetary policy rate by 50bp for the second straight month
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Pemex’s finances are “stable,” CFO says
After a mammoth bond issue last week, CFO Juan Pablo Newman says the state-owned oil company continues to push ahead with its turnaround plan
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Brazil’s Oi asks to sell Timor Telecom stake
Canada’s Investel makes a $62m offer for the East Timor phone carrier
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LatAm oil and mining companies plot bond market return
Commodity-related companies see their bonds tighten amid an uptick in oil and iron ore prices
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Brazil’s Temer plans to unveil stimulus package
Brazilian media report the president is considering a series of measures to jump-start the economy as new corruption allegations emerge
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Paraguay mulls early 2017 bond sale
South American sovereign is in talks to issue between $500m and $600m in January, sources say
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Argentina sticks to 2017 GDP forecast, but some economists see lower growth
Argentine Finance Minister Alfonso Prat-Gay is maintaining his outlook of 3.5% economic growth next year despite recent data showing few signs of a recovery
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Investors raise doubts about an infrastructure turnaround in Brazil
Some investors question to what extent commercial banks will make up for reduced lending from Brazil’s state development bank BNDES for construction projects