Cover Story
Cover Story – Transition Finance: The Big Cleanup
Capital is increasingly being allocated to help heavy polluters fund their costly decarbonization plans. ‘Transition finance’ may be the greatest economic opportunity ever in the race against climate change. At a plant outside Montevideo, Vantem pours and presses materials into concrete-like boards. The electrified process runs at nearly room temperature, consuming only a fraction of…
Countries
Brazil Capital Markets: The Long Wait
After a prolonged drought of deals in Brazil’s capital markets, things are starting to look up. But financing costs are still too high for a rally. After a long, hot summer, temperatures have finally eased in Faria Lima, the financial…
Mexico Investment: Business As Usual
Mexico’s government has seized railway assets, nationalized the lithium industry, and taken private land. But with a presidential election looming, investors are not too phased. The country is just too well located for a nearshoring boom to look for other…
Venezuela Sovereign Debt: A Hefty Wager
Venezuelan bonds may rally from dirt-cheap levels, but that hinges on the US government lifting trade sanctions. For distressed debt traders, that may happen sooner than later. Venezuela is the biggest asymmetrical bet in sovereign debt markets. Since Nicolás Maduro…
Interview & Opinon
Sovereign Debt: Beyond the Noise
After several recent spells of political turmoil in Latin America, the risks for sovereign bonds are easing in countries with healthy checks and balances. A rally still hinges on a decline in US interest rates, but investors are finding a few bright spots. When Time magazine named Colombian President Gustavo Petro one of the 100…
Markets
EDITOR’S LETTER: FUNDING THE GREEN TRANSITION
Dear Reader, Climate change has been in the news for a long, long time. And for just as long, heavy industries have taken a lot of flak for their high levels of carbon dioxide emissions. Until recently. There has been a shift in attitude from shunning big polluters to helping them finance their cleanups in…
Catastrophe Insurance: Storm Chasers
With weather-related disasters on the rise as the earth warms, catastrophe bonds are gaining attention in Latin America and the Caribbean. Chile recently gained $630 million in financial protection from earthquakes and tsunamis through a catastrophe bond and swap deal. More want to follow suit. Weather-related disasters are on the rise globally as the climate…