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Sunday, 21 January 2018

Paul Kilby' s stories

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  • Gramercy awaits right time to enter Venezuela

    Emerging Markets | 29 September 2017

    Hedge fund Gramercy has raised dedicated capital to invest in Venezuela but has yet to put the money to work, believing a default is on the cards before things start to get better.

  • Mexican national flag

    Alfa balks at investor bid for Sigma IPO

    Top News | 29 September 2017

    Mexican conglomerate Alfa pulled the plug on the up to US$1bn spin-off of its food division Sigma Alimentos on Wednesday rather than accept what it viewed as a cut-rate valuation.

  • Alfa cancels IPO of subsidiary Sigma

    Ticker | 27 September 2017

    Mexican conglomerate Alfa pulled the plug on the up to US$1bn spin-off of its food division, Sigma Alimentos, on Wednesday after the company and investors failed to see eye to eye on pricing.

  • Investors take late Venezuela payment in their stride

    Emerging Markets | 22 September 2017

    Venezuela bond holders took another late debt payment in their stride last week when the government delayed its first coupon due since the US deepened sanctions earlier this month.

  • Commuters travel in a Metrocable cabin in Caracas

    Venezuela bonds weak on talk of late coupon payment

    Ticker | 20 September 2017

    Venezuela bonds were under pressure late Wednesday amid talk that holders of the sovereign’s 2027s have yet to receive a US$185m coupon payment that was due on September 15.

  • Syngenta logo

    Lawsuit worries delaying Syngenta bond: report

    Ticker | 19 September 2017

    Syngenta (Ba2/BBB-) delayed a US$7bn bond deal another week amid concerns bond investors could be subordinated to claimants in lawsuits against the company, CreditSights said in a report.

  • Petrobras

    UPDATE 3-Petrobras changes tack with LM effort

    Ticker | 18 September 2017

    Petrobras took a new approach to its liability management efforts Monday when the debt-laden company launched an exchange targeting more than US$14bn of its outstanding bonds.

  • Petrobras launches US$2bn dual-tranche bond sale: lead

    Ticker | 18 September 2017

    Petrobras has launched a US$2bn dual-tranche bond sale as part of its latest efforts to attend to upcoming debt maturities.

  • Could JBS bonds face a change of control?

    Ticker | 15 September 2017

    Would a change of control put be triggered on JBS bonds if Wesley Batista is forced to step down as CEO? Covenant Review addressed the matter in a new report on Friday.

  • REFILE-Alpek bonds end week lower as ratings pressure mounts

    Ticker | 15 September 2017

    Bonds issued by Mexico’s Alpek were trading several points lower on the week after Fitch said on Friday that the petrochemical company remained under ratings pressure.