The REDD Eye

Our newest episode provides a brief overview of regional headlines, including updates on Total Play, Light, Ecuador and EPM-Millicom's JV Tigo-UNE. Also available in Spanish and Portuguese (For Spotify: Spanish and Portuguese.) For more information and full access to our news and reports, access www.reddintelligence.com

Our eighteenth episode provides a quick overview of LatAM names, including updates on Unigel, Light, InterCement, Nova Austral, WOM and VTR. Also available in Spanish and Portuguese (For Spotify: Spanish and Portuguese.) For more information and full access to our news and reports, access www.reddintelligence.com

A brief overview of regional headlines, including updates on Ecuador, Guatemala, AHMSA, Pemex, Minerva, Marfrig, AEE. Also available in Spanish and Portuguese (For Spotify: Spanish and Portuguese.) For more information and full access to our news and reports, access www.reddintelligence.com

Ecuadorian presidential candidate Daniel Noboa pegged as the favorite to win the second round; IMF approves USD 7.5bn for Argentina; US promises sanctions relief to Venezuela in exchange for free and transparent 2024 elections; Paranapanema creditors approve revised plan of reorganization.

Argentina devalues peso 18% after primary elections, Pemex cancels talks over USD 1bn in financing, Braskem-Idesa plans to reduce capex to preserve cash, Jamaica registers USD 1bn bond. Also available in Spanish and Portuguese. For more information and full access to our news and reports, access www.reddintelligence.com

Presidential candidate Fernando Villavicencio is brutally assassinated in Quito; Itau Unibanco and Banco do Brasil differ on refinancing strategy; Venezuela opposition-led National Assembly extends statute of limitations on its bonds, Nova Austral bondholders plan to reject the company's restructuring proposal.

Brazil's Samarco and Chile's Nova Austral submit reorganization plans to bankruptcy courts; Pemex could refinance USD 9bn in revolving credit lines; Paraguay plans to issue USD 1bn in bonds to finance its budget.

Argentina signs a new agreement with the International Monetary Fund while fighting a USD 16bn lawsuit in New York federal court; Pemex receives cash injection from the government to pay debt; the Mexican Ministry of Finance clashes with the Navy over the repayment of Grupo Aeroportuario de la Ciudad de México’s bonds; Vale sells a 13% stake in its base metals business and Embraer issues a new USD...

Power distributor Light filed its plan of reorganization with a 60% haircut, Latin American bond issuance might decline in the second half of 2023, Americanas creditors filed objections to the company’s debt restructuring proposal, Pemex admits oil spill in the Gulf of Mexico, Nova Austral bondholder goes to court against former managers of the company. Also available in Spanish and Portuguese.

Pemex restores production after explosion, America Movil secures USD 1bn financing, Unigel’s bondholders hire advisors, and Bolivia sees 20-year low in monetary reserves. Also available in Spanish and Portuguese.

ILAP missed a coupon and amortization payment, Atento reached a restructuring agreement with bondholders, Azul plans to raise USD 600m in new bonds, and a USD 1bn DIP financing for AHMSA now under negotiation. Also available in Spanish and Portuguese.

Argentina pays the IMF with SDR and CNY to preserve dollars, InterCement puts up for sale its African operation, ILAP at risk of default and the primary markets on fire. Also available in Spanish and Portuguese.

Nova Austral files for in-court reorganization in Chile, Brazil readies sustainability bond, Unigel in talks to refinance short-term debts, Latam issuers return to international debt capital market. Also available in Spanish and Portuguese.

Millicom ends M&A negotiations, Unipar seeks to buy Braskem, US could lift ban on purchases of Venezuelan bonds and Light creditors in talks to sell the company. Also available in Spanish and Portuguese. For more information and full access to our news and reports, access www.reddintelligence.com

Argentina executes another big debt swap, Unigel hires a financial advisor, InterCement agrees with debenture holders, and Ecopetrol wins USD 1bn arbitration. Also available in Spanish and Portuguese. For more information and full access to our news and reports, access www.reddintelligence.com

Samarco reaches restructuring agreement, Claro-VTR owners discuss short-term funding, Grupo Mexico gets concession extension and Digicel has more time to cure bonds default, among other topics.

Pemex plans a bond, Grupo Mexico negotiates compensation following expropriation, Unigel breaches covenants and Ecopetrol settles with unions.

Our second episode is a quick roundup of headlines from around the region, featuring Ecuador's president dissolving the Congress to govern by decree, the end of Avianca-Viva merger, a preliminary restructuring agreement between Credito Real and its unsecured creditors, and Light getting bankruptcy protection from a Rio de Janeiro court.

A quick roundup of headlines from around the region, featuring Light filing for bankruptcy, restructuring advisers for InterCement, a historic debt-for-nature swap in Ecuador, and why a Mexican court ordered TV Azteca not to release its financial statements.