In advance of our Project, ECA and Structured Finance Middle East & Africa 2018 conference and forthcoming special report on the subject, Bonds & Loans visited the region to meet with a broad range of finance leaders in order to gain a sense of the risks and opportunities on the horizon.
The issuers, borrowers and mediators of the most innovative and outstanding debt capital market deals on the continent to be lauded at the prestigious awards ceremony. Winners: Latin America Deals of the Year Awards 2018
Chilean politics is often seen as a bellwether for deeper shifts occurring across the continent’s political scene. The recent election of the “old new” president Sebastián Piñera is in line with the apparent swing to the right seen in recent years – but, more importantly, indicates that politics in Latin America is becoming more nuanced, predictable and mature.
The administration of President Juan Manuel Santos is entering its final stretch with presidential elections next year, prompting Colombia Gold Letter to take the pulse of sentiment in the mining and exploration sector on several key issues.
2017 marks the first year since 2013 that mining majors are seriously kicking the tires of Latin American mining assets. Revitalized miner balance sheets, positive trending metal prices and welcoming gestures from national governments all fuel the rising appetite for acquisitions in Latin America.
Dr. Susan Kaufman Purcell shares her views on how the current political and geopolitical landscapes of some of the major Latin American economies will affect the mining sector. Which countries will have pro-mining policies and which ones will cause headaches and what role should governments play in resolving community conflicts?
Unperturbed by global economic woes, geopolitical tensions and the rise of populism in the West, China is committing itself to the largest infrastructure development project since the Great Wall. But the costs of the grand project are expected to run into hundreds of billions of dollars and, with the Chinese banking sector already over-leveraged, questions arise over its ability to finance projects and the funding alternatives available to it.
Petropavlovsk sold USD500mn of fresh debt –– PSB gets downgraded – Rosneft’s shares take a hit due to Venezuelan crisis – Venezuela and Russia agree on debt restructuring –ABLV placed USD40mn of unsubordinated notes – Belarus to issue USD600mn next year – The government to support Turkey’s export sector
AfDB issued a USD2bn bond –Afreximbank to mobilise USD100bn to finance new trade deals – First Rand Bank secures dual-tranche syndicated loan – Nigeria to seek USD5.5bn in foreign borrowing – Namibia to boost public spending – DRC fails to account funds from Chinese loan – Chad and Glencore to talk debt restructuring – Army detains Zimbabwe’s President Robert Mugabe
HSBC have been fundamental in helping a number of mining companies meet their CAPEX needs throughout 2017. We caught up with Adam Hendley, MD, Head of Mining & Metals - US, Canada & Latin America, HSBC, to discuss how HSBC went about this and where he sees the biggest opportunities in the Latin America mining industry.
- Latin America Credit Markets Brief: 26 October – 9 November
- Russia, CIS, Europe & Turkey Credit Markets Brief: 19 October- 02 November
- Africa Credit Markets Brief: 18 October – 01 November
- Latin America Credit Markets Brief: 12 October – 26 October
- Russia, CIS, Europe & Turkey Credit Markets Brief: 05 October- 19 October
11 Apr 2018