Omega Geração S.A., one of Brazil’s top renewables players, debuted in the local debenture markets earlier this year with a carefully tailored four-part transaction that could serve as a template for corporates looking to finance infrastructure by tapping the country’s diverse liquidity pools.
5 Sept 2019
One of the most important public issues in every country is Social Security. That is normal. Retirement is too serious a matter to be disregarded by the State. Human beings are not always rational and their choices might also be based on subjective factors, such as the importance given to social status. Individuals can choose to consume too much today and not save for retirement. The result would…
29 Aug 2019
Joelmir Baumgratz discusses increasing capacity for less cost, consolidation in the airlines market, oil price fluctuations driving complex hedging strategies and using air miles as collateral on financings to bring yields down.
13 Aug 2019
Bonds & Loans interviews Bruno Moraes, Director (Energy) at Actis, about investment prospects in the Brazilian markets, Actis's focus on renewables and their new infrastructure fund.
31 Jul 2019
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
In an exclusive interview with Bonds & Loans, Adolfo Sachsida, Secretary of Economic Policy, Ministry of Economy, Brazil, comments on the recent “merger” of the economic and finance ministries, the legacy of “fiscal irresponsibility” of the Lula administration, the recent recovery and progress on the pension reform front, and funding objectives for the year ahead.
22 Jul 2019
It has not been an easy 12 months for Brazil’s corporate sector, which faces a multitude of challenges, both internal and external. Bolsonaro’s victory in the elections, though divisive, at least provided some reprieve from the political uncertainty that has weighed on Brazil’s markets in the run up to the vote. Still, many questions remain around the direction of policy, and the new government’s…
15 Jul 2019
Bonds & Loans spoke to Felipe Bomfim, Director at Patria Infrastructure, on pensions reform, festering growth of local capital markets and why the glass is always half-full for investors doing business in Brazil.
11 Jul 2019
The current fragile state of Brazil’s economy carries high risks. This time around, there are no buffers, because the unemployment rate is already at record highs. A recession now would entail social costs much greater than those of 2015, warns XPI's Zeina Latif.
14 Jun 2019