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
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
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
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
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
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
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
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