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Issuer closes its first overseas trade since Moody's downgrade in May
Progress to bring down government deficit will be slow, warn economists
It will be better for all in the long run if Venezuela can prioritise domestic spending over debt repayments
◆ Venezuela embarks on historic debt restructuring ◆ Canada suggests covered bond boost ◆ European Secured Notes are here. Regulate them
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Santander Brasil has tested the country’s Letra Imobiliária Garantida (LIGs) covered bond regime with two privately placed deals.
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Odebrecht Engenharia & Construçäo finally admitted defeat in its attempt to avoid default on Monday, as it acknowledged that it would not be making a $11.5m coupon payment due on its $519m of 4.375% 2025 bonds, paving the way for a restructuring.
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Power generation and distribution company Nautilus Inkia is looking to give Latin America’s corporate bond markets one final burst of life in 2018, as it hits the road eyeing a 144A/Reg S senior unsecured offering.
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Patience paid off for Peru on Thursday as its status as one of the safest economies in Latin America helped the sovereign to a new local currency benchmark that received strong interest from international investors.
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Edgar Madinaveitia, a managing director in Latin American debt capital markets at Credit Suisse, has left the bank, according to sources away from the bank.
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Peruvian cement company Cementos Pacasmayo is trying to replace half its dollar bonds with a local currency bank loan.