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Guatemala hopes to end default dispute 'within two days'

Latin America

Guatemala hopes to end default dispute 'within two days'

Guatemala’s head of public credit said on Wednesday that the Central American sovereign hoped to resolve in the “next two days” a dispute with Florida-based Teco Energy that has caused its fiscal agent in New York to freeze a coupon payment due at the start of this month.

  • Burger chain cooks up whole biz ABS

    ABS

    Burger chain cooks up whole biz ABS

    Fast food franchise company CKE Restaurants Holdings priced a $400m whole business securitization several points tighter than initial pricing thoughts. With Roark Capital as it’s sponsor, the transaction stands out among other brands for its reliable performance and name value, sources say.

  

  

People & Markets

  • Deutsche Börse advances in ESG with ISS buy

    Deutsche Börse advances in ESG with ISS buy

    Deutsche Börse has beefed up its offering in sustainable finance and corporate governance services through purchasing a majority stake in ISS, the ESG data and analytics provider.

  • Gold bugs boosted banks' precious metal desks

    Gold bugs boosted banks' precious metal desks

    As investors sought gold and silver as a hedge against inflation and uncertainty, investment banks with the capabilities to act in these markets benefitted. Some made more than $100m in precious metals in the third quarter, according to Coalition Greenwich.

  • Experts slam Johnson’s 10 point green plan for lack of funding

    Experts slam Johnson’s 10 point green plan for lack of funding

    Boris Johnson, UK prime minister, announced on Tuesday night a 10 point plan for the environment, including phasing out petrol cars by 2030. But policy specialists are disappointed that the plan lacks financing commitments and especially that there is no announcement of a national investment bank.

  • Esposito to replace Lemkau at Goldman's IBD

    Esposito to replace Lemkau at Goldman's IBD

    Gregg Lemkau is leaving Goldman Sachs at the end of the year and will head up an alternative investment firm linked to tech entrepreneur Michael Dell. Jim Esposito will take over as joint head of the investment banking division at Goldman.

  

Southpaw
by David Rothnie