Brazil’s UTC Engenharia issues debentures amid the country’s debt crisis

Brazilian Holding Company UTC Participacoes and its engineering subsidiary UTC Engenharia raised BRL862mn (US$215mn) dollars in debt through two debentures.

3 Feb 2016

Argentina borrows from Wall Street banks

Argentina has been an outcast in the international capital markets since the previous government allowed the country to default on its debt, leading to an acrimonious relationship between the country’s leaders and international creditors. But with talks under way between a new government intent on progress, and with loans already in place, Argentina finally has a chance to return to the…

3 Feb 2016

HSBC: EM green bonds to double in value by end of year

The value of outstanding green bonds could double in value according to HSBC to between US$133bn and US$158bn by the end of the year. The company predicts green bond issuances will increase over last year from between 32% to 91%, or from US$51bn to US$80bn.

29 Jan 2016

Ecuador snags loan from ICBC

Ecuador recently has remained heavily dependent on a lifeline provided by China. However, with a slowdown in the East and falling commodity prices, the Latin American nation may struggle to repay its loans, bringing back memories of its 2008 default.

29 Jan 2016

Amidst mining slowdown, Chile’s Antofagasta looks to issue new debt

Chilean Antofagasta is looking to issue a new bond, according to reports. Against the backdrop of the plight of emerging markets, the mining industry is struggling amid a wider commodities slowdown.

28 Jan 2016

Emerging market borrowing costs hit 5 year high

Investors warned that emerging markets could face a new credit crunch with borrowing costs reaching their highest levels in five years.

26 Jan 2016

Peru faces court battle over unpaid debt

Peru misleadingly sold around US$3bn worth of debt in 2015 according to the Land Reform Bondholders Association.

26 Jan 2016

Petrobras cancels debenture

Plans by Petrobras for an issue of debentures were expected to raise at least US$750mn for state oil company. Due to unfavourable market conditions and no improvement in sight, those plans were cancelled.

25 Jan 2016

Argentina prepared to deal with holdout creditors

The new Argentine incumbent Mauricio Macri was elected on the promise of free market solutions to the country’s economic problems, but he will first have to appease the country’s creditors to address the recession, inflation, falling foreign currency reserves and a growing budget deficit that has crippled the country.

20 Jan 2016

Guatemala looking to issue Eurobond despite regional worries

The Guatemalan government is expecting to issue a Eurobond in the region of US$500mn early this year according to multiple reports. The news comes despite overseas investment dropping to its lowest point since the financial crisis.

15 Jan 2016

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