Mexico
#BondsLoans24 - Bonds vs. loans, USD vs. local currency: How can borrowers access short, medium and long term capital?
Felipe Castilla (Grupo Energia Bogota), Leonor Salomon (Banco Santander Mexico), Raphael Dumas (SMBC) and Diego Vogelbaum (Itaú BBA) compare and contrast markets in search of the best solutions for borrowers in the current market environment.
8 Jul 2020
#BondsLoans24 - Political shifts and country risks: How is Latin America’s economic landscape changing (as part of the broader pandemic and oil price issues)?
Eduardo Cavallo (IADB), Alejandro Padilla (Banorte), Zeina Latif (Gibraltar Consultoria), Roger Horn (SMBC Nikko Securities America) and Jorge Unda Rodríguez (BBVA) walk us through Latin America’s economic prospects, country-by-country.
8 Jul 2020
As Latin America Enters Crisis Mode, Ritch Mueller Expects More Market Stratification, Refinancing Opportunities
While crises tend to create new opportunities for the legal community, the current pandemic-induced downturn is creating unique challenges – economic, professional and logistical – for companies and law firms alike. But when the dust settles, some restructurings and M&A deals are likely to come through, and law firms will need to stay alert to their clients' needs to make the most of it, says…
1 May 2020
Bank of Mexico Cuts Rate by 50bp as Economic Growth Forecasts Continue to Sour
Further rate cuts are expected in Mexico after growth forecasts are revised down again, while the benchmark rate is now forecast to be just 4.75% by end of the year.
23 Apr 2020
Vive Energia: ‘In Times of Crisis, All You Can Do is Push Ahead’
Vive Energia, a Renewable Energy Development Company and Consulting Firm, is going ahead with a number of wind and solar energy projects across Mexico, even as volatility engulfs global markets and liquidity drains out of EM assets. Jose Antonio Aguilar, Principal at Vive Energia, talks about pros and cons of project financing, the idiosyncratic challenges of the energy sector in Mexico and the…
17 Apr 2020
CFOs and Investors Say AMLO Administration Needs to Build Mexico’s Story in its “Second Season”
Investors and CFOs attending an exclusive roundtable discussion organized by Bonds & Loans and HSBC on the sidelines of the Bonds, Loans & Derivatives Conference in Mexico City in February expressed cautious optimism about the economy in 2020, noting that early successes found in the government’s strong fiscal discipline and its successful negotiation of the USMCA could become the building blocks…
8 Apr 2020
Mexico 2021 Growth Revised Down, Higher Deficit Expected
The finance ministry forced to price in the economic damage from the pandemic into its forecast for an economy that was already in recession.
6 Apr 2020
Mexican Government Announces 17 New Real Estate Projects, Raising Questions About Timing
As a pandemic-induced lockdown looms, Mexico City government finally approved the construction of 17 real estate projects, but is it too little too late for the country's real estate sector?
2 Apr 2020
The Top 10: Latin America’s Deals of the Year
Bookended by a volatile 2018 and an exceedingly turbulent 2020, last year was one of the busiest on record for Latin America’s credit markets, impressing not just by volume and number of transactions but also by their increasing complexity and inventiveness of the structures deployed, making the selections for the Latin America Deals of the Year Awards tougher than ever. Multi-jurisdictional…
1 Apr 2020
Mexico Growth Outlook Sinks as Focus Shifts to Healthcare, Support for Most Vulnerable
The impact of the COVID-19 pandemic is expected to generate a significant GDP contraction, BBVA analysis indicates, as care and support for the most vulnerable should be given priority over immediate fiscal objectives.
25 Mar 2020
Latin America’s Governments Rush Through Stimulus Measures to Counter Pandemic Impact
Brazil, Argentina, Peru and Colombia have announced urgent fiscal stimulus measures to compliment monetary policy moves introduced over the past two weeks to sooth markets after a huge spike in volatility.
20 Mar 2020
ESG In Infrastructure: Building a Sustainable Future for Latin America
Sustainability is becoming a crucial consideration in the development of infrastructure across the globe, particularly in Latin America – which is facing one of the biggest infrastructure gaps in the emerging world while also remaining exceedingly vulnerable to the effects of climate change. The region’s top investors and developers explored the nexus of sustainable investing, project…
10 Mar 2020
As Oil Plummets, Pemex Seeks to Shore Up Finances with Braskem Idesa Contract Renegotiation
Mexico’s president, who famously scrapped the partially-completed New Mexico Airport project, is similarly intent on cancelling the oil giant’s contract, which he feels was signed under unfavourable terms. What that will mean for Pemex’s credit – and for the already souring investor sentiment around Mexico – is another question.
29 Feb 2020
CASE STUDY: Grupo Gondi Tags Rare 10-Year LCY Tranche on Term Loan and USPP for Bond Refinancing
Over 2x oversubscription on the upsized term loan and US private placement allowed Grupo Gondi to introduce a competitive dynamic between loan and PP demand, maximizing maturities and achieving the lowest price.
26 Feb 2020