Deals

Can Chile Get its Groove Back?

For more than three decades, Chile was the poster child of neo-liberalism, the country that followed diligently the IMF playbook. Such discipline was rewarded with impressive growth and the envy of its Latin American peers. By 2010, pundits predicted that Chile was but a few years shy of becoming Latin America’s first “developed” nation. The latest down-cycle, marked by both low copper prices and the flirting with expanded government, created a new set of obstacles for Chile. The question hovering over voters ahead of the Presidential elections in November is, “Can Chile get its groove back?”

CASE STUDY: EU Investors Take Big Bite out of Sigma Alimentos’ €600mn Private Placement

Sigma Alimentos, a leader in refrigerated food goods in Latin America, priced a €600mn private placement through its existing curve off the back of strong demand from European investors, which were eager to get a piece of the company’s first investment grade transaction and its first trade in Europe.

Peru’s Infrastructure: Life after Odebrecht

As the Odebrecht scandal continues to cause chaos in Latin America, Peru must find an effective way to revamp its paralyzed infrastructure projects.

CASE STUDY: BancoEstado Clinches Two Firsts with JPY Women Bond

In the Summer of 2016 Banco del Estado de Chile (BancoEstado) became the first South American issuer to place a social bond outside of the country, and the first to issue 10-year notes in the Japanese market.

CASE STUDY: BOAD Makes Largest Bond Debut of Any West African DFI

The Banque Ouest Africain de Développement (BOAD) priced an upsized US$750mn 5-year trade to make one of the largest capital markets debuts for any West African development financial institution, paving a path for other issuers in the region.

CASE STUDY: Yinson Debuts Largest Murabaha FPSO Financing in Africa to Date

Yinson Holdings Bhd’s wholly-owned subsidiary, Yinson Production (West Africa) Pte Ltd successfully converted conventional debt into a sharia-compliant format through the company’s maiden Islamic transaction, the proceeds of which were used to finance the conversion of existing facilities into a floating production, storage and offloading unit (FPSO).

CASE STUDY: Norilsk Nickel Digs Up US$1bn in Loan Participation Notes

Leading miner Norilsk Nickel spotted a window of relative calm in global markets to sell US$1bn in 6-year senior loan participation notes, enabling the company to extend its maturity profile and capture strong investment appetite from eastern lenders.

CASE STUDY: Santander Chile Breaks New Ground with Country’s First Corporate Formosa Bond

Banco Santander Chile became the first Chilean corporate to issue a Formosa bond, battling a fairly volatile global macroeconomic environment to secure aggressive pricing for the bank’s debut.

Top Dealmaker: Andreas Scheer, Commerzbank AG

Commerzbank AG's Head of Loan Capital Markets, Financial Institutions speaks to Bonds & Loans about the challenges banks and FIs had to navigate in the past year, Afreximbank's success story and the outlook for the sector in 2017.

CASE STUDY: Cameroon’s XAF165bn Bond Paves the Way for Fresh Project Investment

Cameroon, a leading economy in the Central African Economic and Monetary Community (CEMAC), successfully issued a XAF165mn bond in the local markets in October 2016, a deal that saw aggressive pricing attract strong regional liquidity.

 

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