A testament to solid investor relations, good governance and transparency, Albanesi was able to attract traditional portfolio managers to its latest dual-tranche A/B loan syndication, a rare project finance deal in the country’s power sector.
Brazil is still a teenager when it comes to the functioning of democratic institutions: a country that seeks a path to civility, but not without stumbling first.
Latin American miner Nexa Resources – which recently rebranded from Votorantim Metais – has in the past year completed its dual stock exchange listing, weathered a period of low commodity prices and mining sector strikes in Latin America, and maintained strong fundamentals to step confidently into the new financial year. We speak with Mario Bertoncini, the company’s Senior VP and CFO, about its prospects in 2018.
Alessandro Bitelli, Executive Vice President & Chief Financial Officer at Lundin Gold, a Canadian gold miner, talks about the company’s Latin American ventures, a USD300mn deal to finance a project in Ecuador, a further loan syndication and a USD400mn equity transaction, as well as broader market outlook and the impact of politics.
Bonds & Loans speaks with Aquiles Mercado González, Chief Financial Officer at Promigas, on its distribution subsidiary’s hugely successful local market bond transaction, new opportunities for growth, and the company’s innovative non-bank financing programme.
The first securitization sponsored by Mexico Tower Partners included a much-anticipated 5-year bullet repayment date (ARD) and marked the first wireless tower-backed securitization in Mexico. The structure allowed MTP to waive CNBV’s partial dependence requirement, repay the existing credit facility and keep the remaining proceeds from the issuance.
Last summer the investor community lamented the election of Lenin Moreno as Ecuador’s new president, anticipating “more of the same” from ex-leader Rafael Correa’s long-time ally and protégé. In calling for a referendum on term limits, however, Moreno appears to have delivered an unexpected blow to his predecessor’s comeback plans. Now it is time to address the fiscal “elephant in the room”.
Carnival in 2018 was the most festive in recent years. The streets were full and associations connected with tourism celebrated a marked increase in movement. With fear of the recession receding, consumers are gradually materializing their buying intentions once more.
Following its landmark local market securitisation debut – the first of its kind in Latin America, Mexico Tower Partners has proven itself to be both a leader in the country’s telecommunications infrastructure sector and a trailblazer in its financial markets. Bonds & Loans speaks with the company’s Chief Financial Officer Gonzalo Cornejo about how the deal was done and why it’s worth being first to market in a high-growth sector.
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
- HSBC: If Sustainable Finance is to Really Work, Mainstreaming Needs to be the Priority in 2018
- CASE STUDY: Renova Crushes USD410mn Loan with One of the Longest Tenors in Corporate Argentina
- Paraguay is the new Star in the Mercosur
- CASE STUDY: Invenergy Winds Up Uruguayan Market with 20-year Project Bond
- Brazil: Reckoning with public debt and reshuffling responsibilities
20 Sep 2018
12 Sep 2018