Monthly Archives: May 2012

New Brazilian antitrust regime sparks last day flurry

Brazil’s new antitrust regulatory body and approval process came into force yesterday, prompting a wave of deals sign before the deadline. About ten deals have been closed, such as Thomas Lee’s acquisition of Fogo de Chao, and bankers report some efforts … Continue reading

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Uruguay and Argentina: South American neighbours on diverging paths

Uruguay’s recent upgrade to investment grade by Standard & Poor’s had been priced in by the market for more than a year according to Franco Uccelli, executive director of emerging markets research at JPMorgan: “The price of Uruguay’s bonds has … Continue reading

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Latin America high-yield: Bond outflows are a blip

A return to risk-off investment in mid-April ended inflows to high-yield and emerging market funds. However, bankers and investors report that strong underlying fundamentals will continue to drive offshore issuance from high-yield Latin American credits. Inflows to high-yield funds had … Continue reading

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BTG IPO: Follow my lead

As André Esteves approached the microphone that looked over the floor of the BMF&Bovespa the electronic ticker board above his head flashed up the news update: “Credit Suisse rebaixa [lowers] Itaú Unibanco para [to] “underperform”. All eyes were on Esteves, … Continue reading

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