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Americas

The Top 10: Latin America’s Deals of the Year

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…

1 Apr 2020

Americas Deals Latin America

Policy Measures to Soften the Blow for Latin America as Pandemic Enters New Phase - Scotiabank

So far, data on the spread of COVID19 in Latin America suggests the worst is yet to come, and the full economic impact on growth will be significant. But the measures already taken – and those being prepared – by governments in the region should soften the blow, a Scotiabank report suggests.

30 Mar 2020

Latin American Borrowers Brace for Volatility, Draw Down Credit Lines

Mexico’s Televisa and Brazil’s Vale are the latest corporates to make use of any credit available to them in what is likely to be a slew of regional and emerging market borrowers looking to shift into capital conservation mode in a turbulent market.

26 Mar 2020

Mexico Growth Outlook Sinks as Focus Shifts to Healthcare, Support for Most Vulnerable

The impact of the COVID-19 pandemic is expected to generate a significant GDP contraction, BBVA analysis indicates, as care and support for the most vulnerable should be given priority over immediate fiscal objectives.

25 Mar 2020

Ecuador, Other Frontier Sovereigns Could Follow Lebanon as Spreads Widen

Huge capital outflows from emerging and frontier markets and surging borrowing costs have put a number of sovereigns in the “high risk” zone, but IMF support can provide some consolation.

23 Mar 2020

Latin America’s Governments Rush Through Stimulus Measures to Counter Pandemic Impact

Brazil, Argentina, Peru and Colombia have announced urgent fiscal stimulus measures to compliment monetary policy moves introduced over the past two weeks to sooth markets after a huge spike in volatility.

20 Mar 2020

Consumption and Manufacturing Growth Provide Upside to Colombia’s Economy in January

But some of the momentum will be lost over the coming weeks as the impact of the global slowdown in trade and economic activity resonates through Latin America, Itau analysis indicates.

17 Mar 2020

ESG In Infrastructure: Building a Sustainable Future for Latin America

Sustainability is becoming a crucial consideration in the development of infrastructure across the globe, particularly in Latin America – which is facing one of the biggest infrastructure gaps in the emerging world while also remaining exceedingly vulnerable to the effects of climate change. The region’s top investors and developers explored the nexus of sustainable investing, project…

10 Mar 2020

Chile’s Trade Surplus Narrows Despite Drop in Global Commodity Prices

While copper, the country’s main export, has had a torrid week, Fitch predicts a recovery in 2H2020.

10 Mar 2020

Credit Growth in Mexico Stays in Single-Digit Territory for Ninth Straight Month

Credit growth in Mexico in January hit 5.3% in nominal terms and 2% in real terms according to the latest data published by the Bank of Mexico, making it the ninth straight month of single-digit private sector credit growth on record and adding to a growing and worrying list of indicators signalling an economic slowdown.

9 Mar 2020

Atlas Renewable Energy Prints Largest Latin American Solar Green Private Placement

Atlas Renewable Energy sold a USD253mn private placement in US markets this week to refinance debt linked to two solar PV power plants in Chile, the largest US solar green private placement out of Latin America to date.

4 Mar 2020

As Oil Plummets, Pemex Seeks to Shore Up Finances with Braskem Idesa Contract Renegotiation

Mexico’s president, who famously scrapped the partially-completed New Mexico Airport project, is similarly intent on cancelling the oil giant’s contract, which he feels was signed under unfavourable terms. What that will mean for Pemex’s credit – and for the already souring investor sentiment around Mexico – is another question.

29 Feb 2020

Impact of Coronavirus Begins to Show in Economic Data

As the coronavirus continues to spread, with novel cases being reported in countries across the world almost daily, its impact is beginning to become evident in economic data.

28 Feb 2020

CASE STUDY: Grupo Gondi Tags Rare 10-Year LCY Tranche on Term Loan and USPP for Bond Refinancing

Over 2x oversubscription on the upsized term loan and US private placement allowed Grupo Gondi to introduce a competitive dynamic between loan and PP demand, maximizing maturities and achieving the lowest price.

26 Feb 2020

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