CEO CFO Insights
It has not been an easy 12 months for Brazil’s corporate sector, which faces a multitude of challenges, both internal and external. Bolsonaro’s victory in the elections, though divisive, at least provided some reprieve from the political uncertainty that has weighed on Brazil’s markets in the run up to the vote. Still, many questions remain around the direction of policy, and the new government’s ability to push it through congress, as well as broader shifts in the macro-economic environment.
After enduring significant volatility in 2018, many Turkish corporates are struggling to keep their balance sheet in order and retain access to affordable financing. Some, however, like Turkcell – the country’s largest telecommunications operator – are bucking the trend. Bonds & Loans speaks with Osman Yilmaz, Chief Financial Officer of Turkcell about the company’s shift towards an asset-light business model, hedging strategies, and green borrowing.
10 Jul 2019
East Africa continues to be a world leader in the mobile banking space. Consumers across the region are now able to access an array of financial products through their smartphone, from online payment services to micro loans, enhancing financial inclusion for a largely underbanked population. Bonds & Loans speaks with Wayne Hennessy-Barrett, CEO of 4G Capital, a FinTech providing a combination of business training and unsecured instant access credit for working capital, about the company’s strategic vision, FinTech regulation, and partnering with banks.
20 Jun 2019
Mexican borrowers are gradually adjusting to the new market environment that has emerged since the inauguration of Andrés Manuel López Obrador, and amid broader emerging market volatility driven by the rise in global interest rates. Nevertheless, CFOs at a Breakfast Roundtable hosted by HSBC and Bonds & Loans in Mexico in February have raised important questions about some of the new administration’s policy decisions, highlighting the need for clear, consistent and transparent decision-making as essential in their bid to secure stronger growth and investment.
With a potential credit downgrade in the offing, yawning fiscal gaps to fill, and an election on the horizon, South Africa has found itself at yet another critical junction, forcing government and state-owned companies to weigh short-term wins against long-term objectives. In advance of our Bonds, Loans & Sukuk event in Cape Town in March, we speak with Dr Frans Cronje, CEO of the South African Institute of Race Relations about the upcoming election, policy reform, and the role of financial innovation in transforming the country’s nascent and increasingly important services sector.
8 Mar 2019
Mexico has made significant strides in developing and deploying renewables in recent years, but recent regulatory uncertainty has cast a pall over the sector and may start to weigh on the bankability of transactions. Bonds & Loans speaks with Benny Villareal, Chief Executive Officer at Vive Energía about the company’s corporate funding strategy.
Borrowers based in GCC countries are increasingly looking to new pools of liquidity in a bid to satisfy growing demand for longer-term funding. But deepening concerns around the implementation of VAT, rising interest rates and softening demand for emerging market assets continues to weigh on credit markets, according to feedback from borrowers at an exclusive Breakfast Briefing hosted by HSBC and Bonds & Loans at the 2018 Project, ECA and Structured Finance event in Dubai.
Mexico-based real estate investor Terrafina has grown at a considerable rate over the last five years, supported by a well-balanced business model that ought to help it reap the benefits of the rapid growth of Mexico’s property markets during that same period. But market uncertainty and tough external conditions are pushing the company to adjust its plans, says the company’s CFO Carlos Gomez.
Latin America’s CFOs, Treasurers respond to rising uncertainty by shifting back to loan markets, prioritise liability management.
Top-tier corporates like Mexico Tower Partners are fairly well-capitalized, with a relatively healthy balance sheets and robust funding plans in the pipeline. But as the new government continues to renegotiate terms with bondholders for the new Mexico City Airport financing, uncertainty in the corporate space lingers. We speak to Gonzalo Cornejo, Chief Financial Officer, Mexico Tower Partners, about the Treasury’s focus areas for the next year.
20 Dec 2018
- Dufil Prima Foods COO on Financial Strategy, Expansion into Agricultural Segment
- Orpic Treasurer: Addressing capital structure imbalances created by aggressive growth
- Metito CFO: “Managing exposure to EM investments under the IFRS 9 ECL model is a challenge in GCC”
- How Serbia Improved its Fiscal Position and Catalysed the Local Capital Markets
- MLP Care CFO: Smart Balance Sheet Management Key to Finding Borrowing Windows in Turkey
12 Jul 2019