GlobalCapital
Article Archive
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New investors wanted as bruised EM bond market picks itself up
The international financial crisis has reshaped the investor base, pricing levels and market functioning of the emerging corporate bond market, experts said this week as they grappled with the systemic changes to the asset class.
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Investors gripped by Pemex $2bn benchmark
Mexican state-owned oil company Pemex thrilled Latin markets this week by pricing a $2bn 10 year benchmark with a hefty $6bn of demand, boosting hopes top quality private sector borrowers will soon come to the market.
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Dollar concerns prompt China’s Christmas surprise
China’s discreet moves to promote the renminbi as an international reserve currency could spell disaster for the US Treasury market and further exacerbate the structural weaknesses of the dollar
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Investors pick over wreckage of the EM asset class
Althouth emerging markets have been savaged by the global turmoil, they are set from stronger growth than the recession-ravaged West. So is now the right time for strategic asset allocation into developing country assets?
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The Gulf between oil wealth and economic stability
Talk of stimulating growth using surpluses dominates the GCC region as oil prices plummet and asset values sink ever further downwards
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Mexican and Brazilian subsidiaries to survive the Citi cull
Citigroup is unlikely to sell off its Mexican and Brazilian subsidiaries in the near-term due to their stronger relative growth prospects, analysts said this week as the beleaguered US bank unveiled a new business model amid horrific quarterly losses.
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Coldelco reopens Latin corporate bond mart
Chile’s state-owned copper producer Coldelco bravely reopened the Latin American corporate bond market this week with a $600m global issue at a fair but sizeable premium, illustrating investor demand for high-quality paper with juicy yields.
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Outflows pressure EM prices as feedback loop worsens
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Brazil, Colombia launch $1bn 10 year deal
Latin American primary markets re-open but a wave of corporate issuance is unlikely
