Category: Web Articles

It used to be relatively easy for private equity investors to cash out of their Latin American holdings through the public equity markets. But last year, not a single Latin […]

Energy companies in Brazil need to finance their projects locally since their revenues are denominated in reais and government regulations ban power generators and distributors from linking their prices to […]

Markets became increasingly volatile as the year wore on. Issuers needed to maintain access to financing so bankers had to design structures to handle risk while trying to keep investors as comfortable as they could.

Until recently, the ownership structure of many privatized Brazilian companies closely resembled a plate of spaghetti. Complex cross-shareholdings, a maze of holding companies, subsidiaries and special purpose vehicles bred conflicts […]

The emergence of JP Morgan and Citigroup as investment bank powerhouses is evident in almost every nook and cranny of the world’s capital markets, and Latin America is no exception.

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 […]

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 […]

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.

Latin American governments are the biggest emerging market borrowers, a tradition that goes back nearly two centuries. They are also repeat delinquents, defaulting on loans repeatedly down the years. So […]

Mexico is not a country that one often mentions in the same breath as Argentina. Mexico is a success story and Argentina is a disaster. Mexico’s Central Bank has delivered […]