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Economy & Business - October 2006
MEXICO: Thirty-year bond launch
Mexico became the first country in the region to launch a long-dated fixed-rate bond in local currency. On 24 October it sold M$2bn (US$182m) of 30 year peso bonds at a yield of 8.08%, significantly better than what trading on the pre-market had indicated. The main reason why the yield was lower than the 8.26% that the grey (or pre-) market had expected was that demand for the paper was huge. The treasury had bids worth M$12.6bn (or for 6.3 times the amount of paper the government was offering).
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- What Carstens might do
- ARGENTINA: Consumption kicks up a gear
- URUGUAY: The prospects for the tourist season
- CHILE: Government opts for spending
- PARAGUAY: The debate over the exchange rate
- BOLIVIA: Beating expectations
- COLOMBIA: Central bank increases rates
- ECUADOR: The electricity law
- VENEZUELA: Bit of a boom
- PERU: Pretty rosy
- COSTA RICA: Manufacturing does well
- CUBA: More trade with China
- DOMINICAN REPUBLIC: Investigation into Baninter scandal takes new turn
- EL SALVADOR: Record fuel bill in 2006
- GUATEMALA: Worries about customs overhaul
- HONDURAS: Fuel licences to be announced on 1 November
- NICARAGUA: Ortega promises to cooperate with the IMF
- PANAMA: Growing fast
- MEXICO: Thirty-year bond launch
- REMITTANCE REPORT: Mexico tries to explain surge in remittances
- COMPANY FOCUS: CVRD joins the big boys
- DEBT: Argentina eyeing Asia
- COCA: US gives guarded welcome to new Bolivian coca policy
- BANANAS: Ecuador and Colombia to sue European Union
- MINING: Bolivian mines "nationalised"
- ENVIRONMENT: Colombia: Environmental damage costs more than war