Bookended by a volatile 2018 and an exceedingly turbulent 2020, last year was one of the busiest on record for Latin America’s credit markets, impressing not just by volume and number of transactions but also by their increasing complexity and inventiveness of the structures deployed, making the selections for the Latin America Deals of the Year Awards tougher than ever. Multi-jurisdictional funding exercises, long-term and securities-backed project bonds, debuts in challenging new markets, and even a rare Shogun green loan – these are just a handful of the market innovations seen in 2019.
LATAM Airlines announced this week that it would seek bankruptcy protection and restructure its debt after a steep fall in regional and global passengers due to coronavirus-related lockdowns left the company struggling to maintain cashflows and pay off maturing debt.
May 27, 2020
The Asian Development Bank (ADB) has approved a USD400mn loan for the Philippines this week, with the proceeds going towards supporting a range of policy initiatives including the development of domestic capital markets and infrastructure-linked debt.
May 26, 2020
ESG-tilted portfolios and assets have outperformed their non-sustainable counterparts through much of the recent market turbulence, according to MSCI and other index and data providers. In a recent paper, BlackRock says a positive correlation between ESG and performance appears strongest for firms that prioritise people.
May 26, 2020
The IMF has approved USD396mn in fresh funding for Jordan as the Kingdom looks for additional support to plug a growing fiscal deficit stretched even wider by the coronavirus pandemic.
May 22, 2020