Americas

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.

Chile: An Emerging Market Faces Developed Market Challenges

Chile is forecasting slower than anticipated growth throughout 2017 as the country makes its way towards fresh elections in November. How is the slowdown affecting the banking sector and investor perceptions of Chile? We speak with Emiliano Muratore, CFO at Banco Santander-Chile for more on this and the bank’s fundraising strategy.

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.

As Chilean Economy Cools, Corporates Target Hedging

Managing the financing strategy for any company, whether a large multinational or small start-up, is challenging during the best of times, and when an economy slumps, most CFOs will tell you that how you come out during an upturn largely depends on how you position yourself before the downturn.

Brazil: More Taxes in Sight?

Well-balanced public accounts are the basis of a sound economy, by impeding explosive growth of the public debt and its financing through inflation. The government’s budget shortfall threatens this equilibrium.

Colombian Banks’ Shopping Spree in Central America is Paying Dividends

When in 2008, large US and European banks left Central America as the economic crisis unfolded in developed markets, Colombian banks spotted an opportunity to take the lead in the region’s oft- overlooked financial system – a move that is paying dividends given the region’s strong growth.

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.

Making Cents Out of Dollar Strength: The Effect on Emerging Markets

In the aftermath of the financial crisis, the US largely benefited from having a strong dollar on its path to recovery. Ten years later, however, the same currency’s value is so distorted that it may well be enough to strangle its economy.

 

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