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Latin America

Scrapped New City Airport, Struggling Pemex Dominate Discussions at HSBC Mexico Roundtable

Mexican borrowers are gradually adjusting to the new market environment that has emerged since the inauguration of Andrés Manuel López Obrador, and amid broader emerging market volatility driven by the rise in global interest rates. Nevertheless, CFOs at a Breakfast Roundtable hosted by HSBC and Bonds & Loans in Mexico in February have raised important questions about some of the new…

21 Mar 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

Brazil: The Foreign Investor Awaits

An influx of foreign investment following a long-awaited pensions reform is not a given, warns XPI's Zeina Latif.

6 Mar 2019

After Elections, Policy Uncertainty, Liquidity Concerns Weigh on Infrastructure Outlook in Americas

The dust is beginning to settle following one of the busiest election years in Latin America’s recent history, but concerns around policy reversals and a lack of sufficient liquidity in certain markets could mean infrastructure developers and investors focused on some of the region’s largest economies may not particularly like what they see. The early signs are worrying, to say the least.

1 Mar 2019

Votorantim Energia CFO: Uncertainty Now Punctuates Everyday Decision-Making

Bonds & Loans speaks with Raul Cadena, Chief Financial Officer of Votorantim Energia, about the company’s funding and M&A strategy for 2019, and value creation in Brazil’s growing electricity generation segment.

27 Feb 2019

Brown Brothers Harriman: Emerging Markets Preview for the Week Ahead

EM ended the week firm on rising optimism regarding US-China trade. Talks will continue this week ahead of Friday’s deadline. It may be too soon to strike a deal, however, and so we expect a 60-day extension. China provides the first snapshot of February activity with its PMI readings this week, where some stability is seen after recent stimulus measures. Downside risks remain in place, however.

25 Feb 2019

CASE STUDY: Grupo Bimbo Becomes First Mexican Consumer Company to Issue Hybrid Bond

Last year, Grupo Bimbo’s debut hybrid transaction marked a milestone not just for the company but the broader Mexican corporate bond market, where primary market activity for hybrid securities has traditionally been dominated by select financial sector issuers.

20 Feb 2019

The Latin American Political Landscape in 2019: The Good, The Bad and The Ugly

Americas Market Intelligence’s John Price takes stock of last year’s hectic election cycle in Latin America and looks more closely at the fortunes of some of the region’s key markets: Brazil, Mexico and Venezuela.

19 Feb 2019

Vive Energía CEO: Securing Cost-Competitive Funding for Wind still a Challenge in Mexico

Mexico has made significant strides in developing and deploying renewables in recent years, but recent regulatory uncertainty has cast a pall over the sector and may start to weigh on the bankability of transactions. Bonds & Loans speaks with Benny Villareal, Chief Executive Officer at Vive Energía about the company’s corporate funding strategy.

15 Feb 2019

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