Colombia enjoyed an improving reputation all year on the international bond markets as its economy pulled ahead and the political milieu looked less explosive. In spite of its many grave […]
Category: Web Articles
A Chilean Pure Play
As a first-time bond issuer in Chile last year, the Canadian utility Hydro-Québec International lacked a track record with investors who typically buy Chilean paper. But by aggressively marketing the […]
Rising Risks, Meager Markets
The Latin American capital markets last year suffered from external shocks and the effects of Argentina’s 12-month descent into default. Corporations and sovereigns in the region saw the cost of financing rise throughout 2001 as investors grew increasingly wary of the risks.
A Cross-Continental Venture
For two consecutive years, Uruguay has looked beyond the dollar, yen and euro markets to nearby Chile for financing. Uruguay issued the first Latin American cross-currency bond in 2000, with […]
Unlocking Underlying Value
For 30 years, a few giant state-owned companies dominated Brazil’s petrochemical industry, together with a wobbly alliance of local and foreign private-sector companies linked together in a tangle of cross-shareholdings. […]
A Pipeline pulls through
On July 31, 2001, bankers finally closed the financing for one of the largest, most complex and most arduously negotiated project finance transactions in Latin America. JP Morgan, which advised […]
Wrapping up Investors
“Great company, wrong zip code,” sums up investor attitude last year to Latin America’s best companies. Many of the region’s companies can legitimately claim to be world-class operations, but their […]
A Remittance-Backed Bond
Banco de Crédito del Perú faced a near impossible task early last year when it needed to raise medium-term financing during the country’s worst political crisis in a decade. Alberto […]
An Institutional Appeal
T aking advantage of strong demand for new emerging market paper in the euro market, coupled with an already short supply of it trading in the market, Brazil launched a […]
Betting Big on Mexico
In terms of size and significance, Citigroup’s $12.82 billion purchase of the Mexican banking group Grupo Financiero Banamex-Accival easily outclassed every other merger and acquisition in Latin America last year. […]
