Americas
Terrafina Maintains Well-Balanced Accounts Ahead of a Volatile 2019
Mexico-based real estate investor Terrafina has grown at a considerable rate over the last five years, supported by a well-balanced business model that ought to help it reap the benefits of the rapid growth of Mexico’s property markets during that same period. But market uncertainty and tough external conditions are pushing the company to adjust its plans, says the company’s CFO Carlos Gomez.
16 Jan 2019
CASE STUDY: Lundin Gold Opens Up Ecuador to Project Finance with USD350mn Dual-Tranche Facility
The funding for the project, Lundin Gold’s sole venture in the country and its key source of revenue there, featured a one-of-a-kind structural solution that required extensive collaboration and negotiation between the financing parties and the sponsor.
15 Jan 2019
Brazil: Nothing Is as Simple as It Seems
For many in Brazil, the appointment of Sérgio Moro to the Ministry of Justice was a great move – particularly from a political standpoint. The judicial class, however, seems to be more critical. As ever, reality is likely to be found somewhere in between.
15 Jan 2019
Duet Group: “Frontier Countries Growing in Spite of Governments, Not Because of Them”
In an exclusive interview with Bonds & Loans, Joe Delvaux, Senior Fund Manager at Duet Asset Management, delves into frontier markets, assessing their performance in 2018, providing insight into investor sentiment on broader EM assets, and takes a glimpse into what 2019 might bring.
14 Jan 2019
Bonds & Loans Latam CFO Survey: Smoothing Out the Volatility
Latin America’s CFOs, Treasurers respond to rising uncertainty by shifting back to loan markets, prioritise liability management.
10 Jan 2019
Friends Without Benefits: Trade Wars Disrupt Old Ties and Breed New Alliances
The spate of trade tariffs introduced by US President Donald Trump’s administration against China in 2018 were a natural manifestation of his anti-globalist agenda and represented one of the first steps towards his long-standing pledge to “Make America Great Again”. But the retrenchment of the US has forced its long-standing allies to rethink their bilateral relationships and search for new…
4 Jan 2019
Brazil SWOT Analysis: Cautious Optimism
A closer look at the major strengths, weaknesses, opportunities and threats influencing the investment and debt capital markets climate in Brazil.
28 Dec 2018
Brazil: The Key Word is Focus
Zeina Latif, Chief Economist for XPI, calls for the incumbent Bolsonaro administration to revise its economic priorities.
26 Dec 2018
BlackRock Sees Benefits of NAFTA 2.0 and Government Support for Mexican Infrastructure
While Mexican markets remain on edge with regards to continuity of projects under the new regime, international players, like Blackrock, are encouraged by solid fundamentals and a busy infrastructure pipeline in Mexico and across the region. Bonds & Loans speaks to Juan Alberto Leautaud, the Managing Director, Real Assets and Infrastructure, at BlackRock Mexico.
25 Dec 2018
MTP CFO: Scrapped Airport Project Precipitates Uncertainty for Mexico Corporates’ Funding Plans
Top-tier corporates like Mexico Tower Partners are fairly well-capitalized, with a relatively healthy balance sheets and robust funding plans in the pipeline. But as the new government continues to renegotiate terms with bondholders for the new Mexico City Airport financing, uncertainty in the corporate space lingers. We speak to Gonzalo Cornejo, Chief Financial Officer, Mexico Tower Partners,…
20 Dec 2018