Two of Panama’s biggest banks are merging to form the largest bank in Central America. Primer Grupo Nacional is to merge with Banco del Istmoto form a business with assets […]
Category: 2000
Posted inMagazine
Argentina Sells Euro Issue and Announces Swap
Argentina, Latin America’s biggest and most frequent borrower, returned to the markets in May, launching a 750 million euro five year bond, lead managed by Chase Manhattan and JP Morgan. […]
Posted inMagazine
Latin Air Wars
Airbus Industrie and Boeing are doing all they can to gain-or keep- market share in Latin America. For the region’s strapped airlines, the rivalry means cheaper planes and more flexible financing.
Posted inMagazine
Televisa’s Big Buyback
Grupo Televisa, Mexico’s largest broadcaster, has moved a step closer to buying back $970 million in bonds. Bondholders have approved the cancellation of debt covenants and the company’s repurchase of […]
Posted inMagazine
Bad Timing for Equities
Mexico’s Iusacell and Votorantim Celulose e Papel of Brazil ended a four-month hiatus in Latin equity issues with ADR offerings in April. However, their timing was unfortunate, coinciding with the […]
Posted inMagazine
Legally In Line, Online
US laws on offering securities over the Internet remain incomplete. But banks and issuers selling paper electronically should understand existing SEC rules to protect themselves and investors.
Posted inMagazine
The Battle for Bancomer
Shortly after withdrawing from the race for Serfin, Banamex-Accival, known as Banacci, announced a hostile bid for Bancomer, doubling a $1.2 billion offer announced in March by Banco Bilbao Vizcaya […]
Posted inMagazine
Bradesco in Buenos Aires
Brazil’s biggest bank, Banco Bradesco, has set up a corporate bank in Buenos Aires to service its existing clients as they increase trade with Argentina, the country’s leading partner in […]
Posted inMagazine
Lehman Promotes Weiss
Lehman Brothers has given Jeff Weiss Carlos Guimarães’s old job as head of Latin American investment banking. Weiss will retain his role as head of the firm’s fixed income global […]
Posted inMagazine
The Citigroup Shuffle
Alberto Verme Citigroup has promoted Alberto Verme to chairman of Salomon Smith Barney Latin America, a new position. He previously was head of Salomon’s Latin America […]