Latin America

  • Peñoles mines for dual tranche dollar deal

    Peñoles mines for dual tranche dollar deal

    Mexican miner Industrias Peñoles sold $600m of bonds on Thursday to keep Latin American primary markets ticking over as sell-side bankers expect only a trickle of deals from the region until September.

  • Last-ditch bid to derail Ecuador restructuring finds limited sympathy

    Last-ditch bid to derail Ecuador restructuring finds limited sympathy

    Ecuador on Thursday afternoon agreed to delay the deadline of its bond restructuring offering by one business day after two funds began legal actions against it. But a US court hearing on Thursday morning was not promising for the litigious investors, and markets believe there is still a high chance of the deal going through.

  • Banistmo poises for Panama recovery with second international bond

    Banistmo poises for Panama recovery with second international bond

    The chief financial officer of Panama’s second largest bank, Banistmo, told GlobalCapital that Wednesday’s bond issue was a sign of investor confidence not only in the issuer but in the prospects for the country, as economists say they expect it to be one of the outperformers in Latin America.

  • Mexican miner mandates as bonds trade strongly

    Mexican miner mandates as bonds trade strongly

    Industrias Peñoles, the world’s largest producer of refined silver, began investor calls on Wednesday ahead of a proposed $600m bond issue with the Mexican mining company largely unaffected by the impact coronavirus pandemic.

  • CBC bottles tight tap after wrapping consent

    CBC bottles tight tap after wrapping consent

    The Central American Bottling Corporation (CBC), a major bottler and distributor for drinks giants PepsiCo and AmBev, raised $200m of funding in bond markets on Tuesday in an effort to refinance debt and support its cash balance.

  • Banistmo ups bond size as bankers see value

    Banistmo ups bond size as bankers see value

    Banistmo, Panama’s second largest lender tightened pricing sharply on a seven year bond on Tuesday as bankers said the market was still in excellent shape, though others thought the bank had been too conservative with its pricing strategy.

  • Argentina bondholders can expect more political pressure

    Argentina bondholders can expect more political pressure

    In recent weeks, Argentina’s PR agency has been cramming the inboxes of financial journalists as the government goes on the attack in an apparent attempt to guilt-trip dissenting creditors into accepting its restructuring offer.

Latin America News Archive