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In its latest assessment the ratings agency warns elevated public debt is driven even higher as the new coalition government comes into office.
24 Feb 2020
The bond proceeds have gone towards refinancing the first greenfield airport project in Latin America in 10 years.
21 Feb 2020
An administrative reform package that was to be sent to Brazil’s lower house yesterday has been delayed, according to a report in local press, an ominous sign for more ambitious reforms due to be introduced.
21 Feb 2020
The Fund held a series of “productive” meetings with Argentine officials in Buenos Aires, commending the overall efforts to restore growth and reduce poverty, but signalled that write-offs will be inevitable.
20 Feb 2020
Take a good look at Latin America’s 21 countries today, and one quickly concludes that this is not a region moving in unison but rather a patchwork of divergent political and economic motors firing at different speeds, taking each in different directions. Rarely has it been this challenging to analyze Latin America as a whole, so it seems appropriate to showcase Latin America’s differences…
11 Feb 2020
In January 2019 Termocandelaria, the largest non-hydro power generation company in Colombia tapped the international capital markets for the first time with a USD410mn offering of 7.875% senior notes due 2029, marking the first corporate high-yield bond out of Latin America that year. A year on to the day, Termocandelaria re-tapped its existing bond for a further USD186mn at an impressive 110% of…
6 Feb 2020
The Province of Buenos Aires said this week that it would make a payment on its January 2021 bonds after failing to reach an agreement with enough creditors on extending a delay, which came as a positive surprise to observers and creditors owed some USD3bn in payments due this year.
5 Feb 2020
The notes, listed on both, the Luxembourg and Taipei Stock Exchanges, priced at a spread of 85bp over 3M-LIBOR attracted significant appetite from Asian and European investors.
31 Jan 2020
The Brazilian economy is on track to expand in the first quarter of 2020 with full-year growth expectations also improving, according to economists at BBVA.
31 Jan 2020
Rick Rieder, BlackRock’s Chief Investment Officer of Global Fixed Income says that while the Fed’s apparent commitment to continued easing and expansion is reassuring, they may look to rein in some of the ‘plentiful’ liquidity pumped into financial markets in recent years.
30 Jan 2020