Tag Archives: capital markets

Brazil’s Stone looks to follow PagSeguro in snubbing

The success of Brazil’s PagSeguro’s recent IPO on the NYSE has led its competitor, Stone, to draw up plans to launch on the US stock exchange this year, according to market sources. PagSeguro, which provides online and in-store payment services, raised … Continue reading

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Latin America’s capital markets: 2016 rebound looks unlikely

After enduring the worst year for Latin American capital markets since the financial crisis, bankers fear there will be little improvement in 2016. Katia Bouazza, HSBC With only slim prospects for a recovery in Brazilian deals, bankers are reluctant to … Continue reading

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Debt capital markets: Colombian bond reflects LatAm’s new reality

Colombia’s $1.5 billion 10-year benchmark bond, issued in mid-September, paid investors a big new issue premium and illustrates the new pricing dynamics for Latin American credits. The sovereign, rated Baa2/BBB/BBB, sold the paper, which pays a 4.5% coupon, at 98.762 … Continue reading

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Mexico leads but Brazil stirs from ECM slumber

Unifin’s successful Ps3.14 billion ($206 million) IPO in May confirmed Mexico’s status as the region’s strongest primary equity issuance market. However, with Par Corretora da Seguros’ IPO slated for early June, Brazil is showing signs of reawakening the interest of … Continue reading

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LatAm DCM: Frequent issuers eye euro arbitrage

Brazil’s Petrobras shrugged off market concerns about its deteriorating financial leverage and a potential threat of downgrades to attract hefty demand early in January for its $5.1 billion-equivalent international debt capital markets transaction. Three euro-denominated tranches sold for a combined value of … Continue reading

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