Despite renewed fervor for the sol market, Peruvian companies are still looking further afield for liquid deals
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Local currency – Mexico: Closer to home
A growing number of Latin American borrowers are looking to Mexico’s debt markets – the most sophisticated in the region – to raise financing
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Andean Region: Cautious on credit
As the Colombian and Peruvian economies expand rapidly, lending is growing at double-digit rates. Authorities in both countries must proceed carefully to avoid a bubble forming
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Andean region: Travelling light
Colombia is set to start awarding its $22 billion highway concession program. But managing the financing is easier said than done
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Parting Shot: Reversal of fortune
The benefits of the commodity boom are set to fade – even if prices don’t fall sharply, warns Claudio Loser. Latin America’s blessing could soon become its curse
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Front Notes: Value for money
Long gone are the days of default and hyperinflation. Today, the pressing challenge facing Latin America’s governments, financial regulators and central banks is no longer recovering from crisis, but managing prosperity. As problems go, it’s not a bad one to have. But this does not diminish the task at hand: the scale of what the […]
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M&A: Buying into Peru
Peru was at the center of Latin America’s M&A markets in March and April, amid a quieter than expected start to the year. Latin America-targeted M&A volume was $18.2 billion in the first three months of the year, the lowest quarterly volume since 2005 and down 41% from the same period in 2012 – even […]
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People: Maduro picks cabinet
Venezuelan president Nicolás Maduro, elected on April 14, appointed central bank governor Nelson Merentes as finance minister. The move cheered analysts, who say Merentes is likely to be more pragmatic than his predecessor, Jorge Giordani. Commerce minister Edmée Betancourt was nominated as president of the central bank. Itaú BBA hired Morgan Stanley’s Charles Stewart as […]
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Equity: Sempra charges up Mexico
Equity markets showed further signs of life heading into the second quarter, with a busy run from Brazil set to match a heavy start to the year by top Mexican issuers in the first quarter. Sempra Energy’s IEnova spin-off raised 7.41 billion pesos ($596 million) with an IPO landing at the top of its price […]
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Debt: Chasing yield
Falabella became Chile’s first corporate borrower to sell a global peso transaction in late April, adding a $200 million-equivalent tranche to a $500 million dollar bond. The triple-B rated borrower paid a reoffer yield of 6.5% on the peso tranche and 3.861% for the dollars. The deal came amid a busy March and April for […]