Latin America

  • Femsa latest LatAm issuer to pour into SLB market

    Femsa latest LatAm issuer to pour into SLB market

    The Mexican conglomerate Fomento Económico Mexicano (Femsa) was in the market for sustainability-linked bond in euros on Thursday, marking the latest in a string of innovative trades from the Latin America.

  • Alpha bonds take beating as restated numbers show major write-down

    Alpha bonds take beating as restated numbers show major write-down

    Bonds issued by Mexican payroll lender AlphaCredit lost around half their value on Wednesday after the company revealed a correction in its accounting of derivatives positions would lead to an impairment charge of Ps4.1bn ($206m). Investors and analysts said this would take the non-bank lender’s equity into negative territory, suggesting default was a growing inevitability.

  • Colombia turns to bonds amid tax reform effort with IG status on the line

    Colombia turns to bonds amid tax reform effort with IG status on the line

    As Colombia’s government gears up for a political battle to push through a tax reform that may save its investment grade status, the sovereign’s head of public credit told GlobalCapital that the market reception to a dual tranche bond issue on Monday represented a vote of confidence from international investors.

  • Colombian toll road preps social peso linker with DFC guarantee

    Colombian toll road preps social peso linker with DFC guarantee

    Puerta de Hierro, a toll road project in Colombia’s Caribbean region, will begin investor calls on Monday as it looks to sell an inflation-linked Colombian peso-denominated social bond that has a double-A credit rating thanks to a guarantee from the US International Development Finance Corporation (DFC).

  • Argentine energy company lines up bond return

    Argentine energy company lines up bond return

    Oil and gas producer Pan American Energy is looking to become the first Argentine company to issue international bonds this year, though it is the company’s operations in Bolivia and Mexico that may enable it to dodge the distress in its home country.

  • Peru bondholders 'complacent' amid LatAm election super-cycle

    Peru bondholders 'complacent' amid LatAm election super-cycle

    Peruvian bonds barely moved this week after a shock in the first round of the country’s presidential elections on April 11, while Ecuador debt reacted spectacularly to a positive electoral surprise on the same day. Yet there are concerns about complacency towards risks in Peru, where a left-wing radical took most first-round votes, and Latin American bond buyers should brace for more volatility as the region faces an exceptionally busy election cycle.

  • Eyes on IMF as Suriname clinches debt delay

    More than 90% of Suriname’s bondholders this week participated in a consent solicitation that extends the sovereign’s debt standstill until the end of July. But the government has only until April 30 to sign a deal with the IMF, or the standstill will be cancelled.

Latin America News Archive
LatAm Letter

 

Our coverage — led by our correspondent in Bogotá, Colombia, with support from the emerging markets desk in London — gives you the comprehensive story on how Latin America’s governments, banks and companies are financing themselves in bond markets.

GlobalCapital is the place to read LatAm deal analysis, market reaction, the drivers behind issuance trends, and about all the important goings-on in secondary markets and the increasingly busy world of debt restructuring.




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