Latin America

  • Argentina creditors call for action over words as restructuring extended

    Argentina creditors call for action over words as restructuring extended

    Argentina officially entered default for the ninth time on May 22 as the grace period expired on $503m of overdue coupon payments. However, there is increased optimism that the sovereign will reach an agreement with bondholders after the largest creditor group said “direct and immediate discussion” was required.

  • Bondholders agree to Idesa maturity extension

    Bondholders agree to Idesa maturity extension

    After nearly two months of persuasion, Mexican petrochemicals company Grupo Idesa received the approval of its bondholders to push out some $300m of international bonds by six years and give major relief to its liquidity situation.

  • Argentina on brink of new default but bondholders to provide leeway

    Argentina on brink of new default but bondholders to provide leeway

    Argentina is set to enter default on its international debt for the ninth time on Friday, but the sovereign curve performed well this week as investors and analysts say that creditors will continue negotiations well after the grace period on $503m of coupon payments expires.

  • Brazilian corps wait for better times ahead amid primary absence

    Brazilian corps wait for better times ahead amid primary absence

    Investors say that bond markets are wide open for many Brazilian companies, but even as access to credit has suddenly become a major topic for the country's corporate executives, most of the cash-rich companies they run are shying away from international markets and betting that they will be able to achieve better borrowing terms in the future than are on offer today.

  • Ecuador could learn Arg negotiation lessons

    Ecuador could learn Arg negotiation lessons

    Ecuador could take useful clues from Argentina’s debt restructuring, said analysts, as it prepares to present an offer to its bondholders having taken decisive economic measures in the past week.

  • Argentina’s awkward anecdote

    Argentina’s awkward anecdote

    Only in Argentina could a finance minister claim that default on billions of dollars of bonds constitutes merely an “anecdotal date”.

  • Rare duo makes Swissie return

    Rare duo makes Swissie return

    A supranational and a Nordic bank paid rare visits to the Swiss franc market this week. The North American Development Bank (NADB) printed its first deal in two years — its second green bond — while Nordea returned after a five year absence.

  • Deutsch said to exit SMBC

    Isaac Deutsch, who led Sumitomo Mitsui Banking Corporation's Americas specialized finance division between 2012 and 2018 before becoming the firm's deputy Americas CEO, is said to have departed from the bank earlier this week.

Latin America News Archive