Americas
Mexico’s GAP Draws Down MXN1bn Credit Facility as Clouds Gather Over Aviation Sector
Mexico-based airport operator Grupo Aeroportuario del Pacífico (GAP) says it has drawn down a MXN1bn credit facility, with the proceeds used to keep capex up as the outlook on the aviation sector dims.
19 May 2020
Chile Likely to Get USD23.8bn Flexible Credit Line from IMF
IMF Managing Director Kristalina Georgieva is likely to approve Chile’s request for a USD23.8bn flexible credit line from the Fund, it said in a statement.
13 May 2020
Avianca Bankruptcy an Ominous Sign for Other Regional Carriers
Colombia-based Avianca has filed for bankruptcy protection in New York after a halt in global travel due to the coronavirus pandemic ate up more than 80% of its revenues.
11 May 2020
Grupo Energia Bogota (GEB) Plans Fresh Bond Issue
Bogota’s government-owned energy distributor Grupo Energia Bogota (GEB) is planning to raise as much as USD400mn in the international capital markets.
11 May 2020
CASE STUDY: Panama Braves Tough Conditions to Open Pandemic-Hit LAC Bond Markets
The Central American sovereign made a risky move as pandemic-hit markets sealed shut over February and much of March – but upsizing the deal amid scarcity of high-quality credits in the bond market appears to have paid off.
7 May 2020
Chile Caps Off Busy Few Weeks for Latin American Sovereigns with Dual-Tranche Bond Outing
Chile hit the markets this week with a dual-tranche, dual-currency bond to raise just over USD2bn, capping a busy month for Latin American sovereign issuers.
6 May 2020
IMF Approves USD10.8bn Two-Year Flexible Credit Line with Colombia
The International Monetary Fund (IMF) has approved a new USD10.8bn flexible two-year credit line with Colombia, which the country can tap into in order to address downside risks presented by the coronavirus pandemic.
4 May 2020
Peru Plans to Raise Additional USD4bn from Bond Markets to Fight Coronavirus Pandemic
Peru is in the process of planning at least one more outing in the debt capital markets to raise fresh funding in order to finance measures aimed at containing the economic fallout from the coronavirus pandemic.
4 May 2020
Costa Rica, Dominican Republic Given Emergency Lifeline by the IMF
The IMF has accelerated coronavirus-related disbursements of emergency funding to Latin America, with both Costa Rica and the Dominican Republic securing crucial financial assistance from the Fund.
30 Apr 2020
Celsia Taps Local Markets with a COP200bn Dual-Tranche Bond
The company – one of the most prolific and well-recognised issuers in the energy sector – came to market at a difficult time, but successfully secured 3.6x oversubscription on the new notes, with proceeds going to a bond buyback.
22 Apr 2020