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Argentina

Argentina’s Pragmatic Economic Team Bodes Well for Outlook – Ashmore Group

Argentina’s president-elect revealed his new cabinet this week, a team that included Martin Guzman, a notorious IMF critic and debt restructuring specialist as Economy Minister – a move EM-focused fund managers at Ashmore took as a welcome sign.

13 Dec 2019

Bips & Pieces Americas Argentina

Private Credit in Latin America: Helping SMEs Transition to Corporate Finance

The asset class that first came to prominence in the region several years ago is resurfacing in a big way, driven by investors’ hunger for yield and diversification, helping SMEs and corporates source alternative funding in the meantime. But questions are being asked about the sustainability of private debt were the global environment to deteriorate and liquidity to drain from the market.

28 Nov 2019

What to Expect from Argentina in 2020?

Argentina celebrated the first round of Presidential elections in late October. Investors largely characterized the vote as a kind of referendum between a continuation of market friendly economic reforms by incumbent Mauricio Macri or a comeback to a more interventionist approach by challenging Alberto Fernández, who was leading a Peronist coalition – but there is good reason to believe things…

19 Nov 2019

Off the Record: Low Rates Supporting Issuance Volumes in Latin America as Libor Transition Looms

In 2020, Latin America’s largest markets are largely going be to characterised by picky investors, persistently low yields, infrastructure development, LIBOR-related woes, and socio-political upheaval, according to dozens of bankers, investors, lawyers and credit ratings agencies who spoke with Bonds & Loans on a recent trip to the region. We’ve summarised the top five themes likely to drive the…

12 Nov 2019

HSBC Sees Green ‘Truly Entering Mainstream’ as Chile Takes ESG Funding Innovation to Next Level

Chile’s impeccably timed and well-executed debut foray into the Green bond market set a number of milestones, building on a growing pipeline of Green and ESG-linked transactions in the Americas, and reinforcing the trend that these formats are viable components of the funding toolkit for a broadening range of organisations. More impressively so, Chile executed its inaugural Green issuances in USD…

9 Oct 2019

Ashmore: The Path to Averting a Default in Argentina

Investors are suddenly much more concerned about the political transition in Argentina, but default is by no means a certainty, argues Ashmore's Gustavo Medeiros, and opportunities abound.

23 Aug 2019

HSBC Sees Growing Regulatory Capital Supply out of Latin America

As the first wave of securities issued under Basel III rules start to approach or eclipse key call dates, testing the market for the relatively nascent asset class, banks across the Americas are finally coming to grips with rapidly evolving and increasingly complex regulatory capital requirements in their respective jurisdictions. With new rules providing regulatory clarifications coming onstream…

24 Jul 2019

Total Eren: ECAs Key to Argentine Power Funding as Banks Sit Out the Volatility

RenovAr, Argentina’s flagship solar and renewables programme, has struggled in recent months due to the severe macroeconomic challenges weighing on the country. But as the country’s markets stabilise, developers focused on the region remain cautious as upcoming elections later this year could result in a change of direction. We speak with Martin Parodi, Managing Director, Total Eren Argentina,…

14 May 2019

Argentina: An Economy in Election Mode

Miguel ZIelonka, chartered financial analyst at Econviews, provides some insight into some of the pain points impeding Argentina's economic recovery and measures the government is implementing to mitigate some of those threats.

28 Mar 2019

The Favourite: Why Do Market-Friendly Politicians Fall from Grace?

The emergence of a ‘market-friendly’ candidate has become a regular feature in modern election campaigns. But often such candidates fail to deliver on their economic promises, either because of domestic political constraints, tough external conditions, or misplaced belief in their pro-market sentiment.

3 Jan 2019

Political Volatility Breaks Wave of M&As in Latin America

The first half of 2018 has seen a record-breaking volume of corporate consolidation across the globe, and Latin America has become a prominent setting for such activity. The latest slowdown in M&A activity is thought to be stemming from the peak of elections-related volatility, from Mexico to Brazil, and most expect business to continue as usual once the dust settles.

15 Nov 2018

Off the Record: Argentina Riding out the Storm

It has been a difficult year for Argentina. With inflation climbing above 40%, the ARS losing over half of its value against the US dollar, and lingering fears remaining following the Notebook scandal, investor confidence has been heavily dampened. But a reform-minded government, coupled with multilateral support, has created a sense that Argentina’s numerous structural deficiencies are beginning…

14 Nov 2018

Winston & Strawn LLP Sees an Opening in Arbitration, Litigation Space across Latin America

As the Odebrecht ordeal and numerous other corruption scandals continued to devastate governments and ravage large corporates in the continent’s biggest economies, from Brazil to Argentina to Peru, international law firms have been seizing the opportunity to bring their litigation expertise and conflict-resolution know-how to the table. We speak to Julissa Reynoso, the former US Ambassador to…

31 Oct 2018

Luft Energia CEO Doris Capurro Eyes Multilaterals, ECAs for Argentina Renewables Funding

Doris Capurro, President, CEO & Founder, Luft Energia talks to Bonds & Loans about the company’s renewable energy development plans, and its bid to tap into multilateral development institutions and export credit agencies to help finance the next wave of projects in the pipeline.

16 Aug 2018

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