Mexico

Mexican financing and leasing company Unifin Financiera raised $450m of seven year bonds on Wednesday as bankers’ hailed the company’s improving reputation in the market.

Nomura has hired a veteran of Latin American bond markets as a managing director as it looks to build its business in the region.

Two high yield companies from Latin America will wrap up investor meetings on Tuesday ahead of planned dollar-denominated bond issues.

A glimpse of the future has arrived with the publication of a report modelling the credit risk banks face from drought. The effect on loan portfolios could be severe — and the research illustrates the new kinds of risk management banks will have to do as the world’s climate becomes more volatile.

Global investment firm Stanhope Capital has appointed Mexico’s former finance minister to its advisory board.

Mexican textiles producer Grupo Kaltex is on track for a dollar market debut after wrapping up an international roadshow on Tuesday.

Mexican development bank Nacional Financiera (Nafin) continues to look at funding opportunities in niche currencies after selling its first ever public Japanese yen-denominated bond this week, according to the lender’s funding head.

Mexican development bank Nacional Financiera (Nafin) has priced its first ever Japanese yen-denominated bond, according to bankers close to the deal.

Mexican development bank Nacional Financiera (Nafin) will look to price its first ever Japanese yen deal this week.

Mexico’s followed its long awaited return to dollar bond markets with a solid performance in secondary markets on Friday as the sovereign wrapped up a liability management exercise.

Mexico issued in dollars for the first time since the US presidential elections on Thursday. Bankers said the sovereign had been able to take advantage of an improvement in market sentiment based on hopes that US president Donald Trump’s policies towards the country might not be as harsh as feared.

Bank of America Merrill Lynch has hired Ricardo Fernandez Rebolledo from Credit Suisse as head of Mexico investment banking.