As one would expect, some of the world’s biggest financial firms – Citigroup and Bank of America of the US and London-based HSBC – have subsidiaries in Brazil. Citigroup first opened an […]
Category: 2004
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The Country’s Engine
Paulistas like to say that if the state of São Paulo were an independent country it would be the second-largest economy in South America. As the most populous and most […]
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Capital Market Statistics for 2003
Only available online for subscribers. Includes complete league tables of issuers, bookrunners and M&A transactions.
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LatinFinance 2004 Predictor Competition
What will the Mexican peso be worth this time next year and where will Brazil’s C-bond be trading (if at all)? What will happen in Latin America when the Fed raises US interest rates? Who will be the next Latin American leader to be ousted by street protestors?
You can make your predictions for these and many other financial, economic and political events by participating in our LatinFinance 2004 Predictor Competition. The person whose predictions are closest to the mark will win a case of champagne this time next year.
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Impressing the Local Crowd
Coca-Cola Femsa, the Mexican soft drink bottler, has never had much need for the capital markets because of its ability to generate vast amounts of cash. The Monterrey-based company had […]
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Slow and Steady Won the Race
A decade ago, the Coca-Cola Company designated several companies as Latin America’s anchor bottlers. One was Mexico’s Coca-Cola Femsa and the other was Panama-based Panamerican Beverages. The companies quickly became […]
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In a Class of Its Own
Mexico notched up a remarkable number of firsts in the markets last year. It was the first emerging markets borrower to issue bonds with collective action clauses, it retired its […]
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Sticky Money for Mexico
Mexican public credit officials and investment bankers from Citigroup and Deutsche Bank crisscrossed Europe last May and detected demand among institutional investors for a large, liquid, non-dollar global benchmark bond. […]
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Latest Financial Transactions From The Region
Brazil Gets $1.5 billion as C-Bond Breaks Par Brazil sold $1.5 billion in 30-year bonds, priced to yield 8.75%. Deutsche Bank and Citigroup managed the sale. This was the sovereign’s […]
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Still Waiting for a Revolution, by Mark Mobius
The stage is set for continued vigor in the Latin American equity markets. However recent gains reflect a cyclical rebound more than fundamental change.