Latin America
Yes, Brazil Has an Agenda
Pre-candidates to the Presidency slowly reveal their vision about economic policies. As one might suspect, there is good and bad news.
11 Apr 2018
Promigas CFO Aquiles Mercado González on Promioriente, Brilla and Expansion
Bonds & Loans speaks with Aquiles Mercado González, Chief Financial Officer at Promigas, on its distribution subsidiary’s hugely successful local market bond transaction, new opportunities for growth, and the company’s innovative non-bank financing programme.
5 Apr 2018
CASE STUDY: MTP Navigates Regulatory Unknowns to Issue Mexico’s First Tower Securitization
The first securitization sponsored by Mexico Tower Partners included a much-anticipated 5-year bullet repayment date (ARD) and marked the first wireless tower-backed securitization in Mexico. The structure allowed MTP to waive CNBV’s partial dependence requirement, repay the existing credit facility and keep the remaining proceeds from the issuance.
28 Mar 2018
Referendum Boost Opens Ecuador to Fiscal Rebalancing
Last summer the investor community lamented the election of Lenin Moreno as Ecuador’s new president, anticipating “more of the same” from ex-leader Rafael Correa’s long-time ally and protégé. In calling for a referendum on term limits, however, Moreno appears to have delivered an unexpected blow to his predecessor’s comeback plans. Now it is time to address the fiscal “elephant in the room”.
21 Mar 2018
Tecnoglass Chief Financial Officer: ‘We must reactivate industry, consumption and construction’
Tecnoglass, among a select few Colombian non-financial corporates to take the plunge in the international bond markets last year, is looking to consolidate its investments over the past few years. The company’s Chief Financial Officer Santiago Giraldo López tells Bonds & Loans the company will look out for strategic growth opportunities in 2018, but risks still ride high on election uncertainty…
15 Mar 2018
Brazil: What did Carnival Reveal? A Recovery, That’s What
Carnival in 2018 was the most festive in recent years. The streets were full and associations connected with tourism celebrated a marked increase in movement. With fear of the recession receding, consumers are gradually materializing their buying intentions once more.
7 Mar 2018
Brazil: The Economics of The Intervention in Rio
The federal public security intervention in Rio de Janeiro is one more example of the political perspicacity of the government leaders. In one fell swoop they managed to remove the monopoly on the public safety agenda of an important competitor, give a sign of strength to unfaithful allies, and put the opposition in the uncomfortable position of criticizing a measure with popular appeal.
26 Feb 2018
MTP CFO Gonzalo Cornejo on Setting the Pace for Securitisations in Mexico’s Local Market
Following its landmark local market securitisation debut – the first of its kind in Latin America, Mexico Tower Partners has proven itself to be both a leader in the country’s telecommunications infrastructure sector and a trailblazer in its financial markets. Bonds & Loans speaks with the company’s Chief Financial Officer Gonzalo Cornejo about how the deal was done and why it’s worth being first…
22 Feb 2018
Latin America Deals of the Year Awards 2018: The Winners
The issuers, borrowers and mediators of the most innovative and outstanding debt capital market deals on the continent to be lauded at the prestigious awards ceremony. Winners: Latin America Deals of the Year Awards 2018
16 Feb 2018
As Chile Elects a Conservative, is Latin America Cooling on Populism?
Chilean politics is often seen as a bellwether for deeper shifts occurring across the continent’s political scene. The recent election of the “old new” president Sebastián Piñera is in line with the apparent swing to the right seen in recent years – but, more importantly, indicates that politics in Latin America is becoming more nuanced, predictable and mature.
13 Feb 2018