Latin America
Brown Brothers Harriman: Emerging Markets Preview for the Week Ahead
EM FX ended the week on a firm note as stronger than expected US jobs data fed into risk-on sentiment. Fed Chair Powell also added to the positive sentiment Friday as he addressed basically every area of concern that the markets have had with the Fed. US rates backed up but not by enough to lend the dollar much support. In this current “wait and see” period regarding the US economy and the Fed,…
7 Jan 2019
Emerging Markets in 2019: What’s in Store for The Asset Class?
This year was not particularly forgiving for emerging market assets. Rising US interest rates and a strengthening US dollar coupled with a wider shift from quantitative easing to tightening led to broad-based repricing across the investment landscape. It was also a year that saw political and policy uncertainty, trade wars, and commodity and asset price volatility weigh heavily on market…
28 Dec 2018
Brazil SWOT Analysis: Cautious Optimism
A closer look at the major strengths, weaknesses, opportunities and threats influencing the investment and debt capital markets climate in Brazil.
28 Dec 2018
ING: A Global Perspective on Latin America’s Commodity and Infrastructure Markets
Despite a bumpy ride and political uncertainty still weighing heavily on the region’s biggest economies, Latin America remains one of the more rapidly developing regions and holds much promise for global banks. We speak to Willem Sutherland, Head Latin America for ING, about the opportunities and the risks he sees on the horizon in the region.
27 Dec 2018
BlackRock Sees Benefits of NAFTA 2.0 and Government Support for Mexican Infrastructure
While Mexican markets remain on edge with regards to continuity of projects under the new regime, international players, like Blackrock, are encouraged by solid fundamentals and a busy infrastructure pipeline in Mexico and across the region. Bonds & Loans speaks to Juan Alberto Leautaud, the Managing Director, Real Assets and Infrastructure, at BlackRock Mexico.
25 Dec 2018
MTP CFO: Scrapped Airport Project Precipitates Uncertainty for Mexico Corporates’ Funding Plans
Top-tier corporates like Mexico Tower Partners are fairly well-capitalized, with a relatively healthy balance sheets and robust funding plans in the pipeline. But as the new government continues to renegotiate terms with bondholders for the new Mexico City Airport financing, uncertainty in the corporate space lingers. We speak to Gonzalo Cornejo, Chief Financial Officer, Mexico Tower Partners,…
20 Dec 2018
Ecuador: Past Borrowing Limits Future Financing Options
Following its bold return to the debt markets in 2014, Ecuador has leaned heavily on external credit to meet its monetary and financing needs. Yet its options appear to be increasingly limited, with the prospect of a more aggressive deficit reduction programme or an IMF bailout becoming more likely by the day.
18 Dec 2018
Top Dealmaker: Natixis’ Helena Radzyminski on Latin America’s Loan Markets
With a slowdown in the bond markets following a jittery 1H2018 for EM and Latin America in particular, loans – especially in local currencies – are coming back into fashion. We speak to Helena Radzyminski, Managing Director, Loan Syndications at Natixis about the bank’s biggest deals over the past year, and strategic initiatives in the region planned for the coming year.
17 Dec 2018
Brown Brothers Harriman: Emerging Markets Preview for the Week Ahead
Global growth concerns are likely to keep EM on its back foot. China and the eurozone reported weak economic data Friday, and even a much stronger than expected US retail sales report was not enough to turn market sentiment.
17 Dec 2018
GrowMax CEO on Risk: Perception vs. Reality
Leading fertiliser and specialist nutrient producer GrowMax Resources Corp recently announced plans to bolster its presence in Brazil through an acquisition of Fertimar, part of a wider effort to pivot into complimentary business areas and completely reinvigorate the company’s balance sheet and management. Bonds & Loans speaks with Stephen Keith, CEO of GrowMax Resources Corp about that corporate…
11 Dec 2018