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Brazil

Brazilian Borrowers Price Through the Noise to Win Big at Bonds & Loans Latin America Awards

While borrowers in Brazil were confronted with anaemic growth and a lack of political direction through much of last year, many still pursued innovative new funding strategies that took them into the domestic and international credit markets. We take a closer look at some of the transactions originating from the region that won top prize at this year’s Bonds & Loans Latin America Awards.

3 Jun 2019

Brazil: The Beginning of New Politics?

A good way to evaluate the beginning of Bolsonaro’s government, in terms of economics, is to establish the degree of continuity with the previous government's agenda. In October, I argued that, in spite of the political renewal, it would be essential to continue the economic reforms initiated by Michel Temer. In this respect, there is both good and bad news.

9 May 2019

HSBC Brazil CEO Sees Funding Opportunities as Turnaround Continues

As key reforms progress through the various arteries of Brazil’s governments, most investors and lenders remain resolutely optimistic about the market’s prospects – few more than HSBC, which recently announced its intention to significantly expand its presence in the country and re-establish itself as one of its top international banks.

8 May 2019

Brazil: Lack of Focus or Lack of Interest?

President Bolsonaro loses focus all too easily. Instead of discussing public policies to promote growth and tackle high unemployment, he again criticized IBGE’s methodology for determining the unemployment rate. He says that these numbers serve "to deceive the populace," thus implying that the situation is better than the data indicated.

2 May 2019

Latin America Loan Market Heats Up as Hard Currency Liquidity Comes into Focus

Latin American borrowers continue to see strong demand from lenders and investors following a hectic year of elections in many of the region’s largest economies. We speak with Mauricio Voorduin, Managing Director, Latin America Regional Head; David Costa, Managing Director, Head of Latin America Finance; Sara Pirzada, Managing Director, Loan Syndications; and Mark Tuttle, Managing Director, DCM…

26 Apr 2019

Brazil: Gravity Already Pulling Down Bolsonaro’s Ratings

The recent nosedive in the government’s approval ratings indicates at least one thing quite clearly: Bolsonaro’s honeymoon period is over, writes Zeina Latif.

23 Apr 2019

Mexico & Brazil: Populism’s First 100 Days

In elections last year, voters in both Brazil and Mexico opted overwhelmingly for populist candidates. To be sure, Latin American populism takes many shapes. In Mexico, Andres Manuel Lopez Obrador’s version (AMLO) promised significantly higher spending on social programmes and infrastructure. Brazil’s new President, Jair Bolsonaro, has pledged assertive efforts to clamp down on crime and boost…

9 Apr 2019

After Only 86 Days, Brazil's Bolsonaro Is Feeling the Heat

As Bolsonaro nears three months in office, problems are beginning to pile up, but some bright spots in the economy provide a silver lining, suggests Barings Investment's Emerson de Pieri in his analysis.

2 Apr 2019

Brazil: The Battle for Reform

As the new government's agenda begins to take shape, Bolsonaro and Co may be better positioned than his predecessor to push through much needed reforms. But will he succeed? XPI economist Zeina Latif provides her take.

15 Mar 2019

SWOT Analysis: Brazil

On the back of a research trip to Brazil and conversations with bankers, law firms and investors operating in the country, Bonds & Loans offers a roundup of strengths, weaknesses, opportunities and threats influencing the investment and debt capital markets climate in the country.

13 Mar 2019

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