• 4_23_hpNY
  • biz03-960
  • we find the way homepage slider
  • Wednesday, November 5 2014
    ELECAR 8 1/2 18 61.000-62.000 PDVSA 5 15 85.500-86.250 PDVSA 5 1/8 16 72.500-73.250 PDVSA 5 1/4 17 64.750-65.500 PDVSA 8 1/2 17 74.750-75.500 PDVSA 9 21 59.250-60.000 PDVSA 12 3/4 22 74.500-75.250 PDVSA 6 24 47.750-48.500 PDVSA 6 26 45.250-46.000 PDVSA 5 3/8 27 44.500-45.250 PDVSA 9 3/4 35 57.250-58.000 PDVSA 5 1/2 37 43.750-44.500 VENZ 5 3/4 16 82.750-83.500 VENZ 13 5/8 18 82.000-84.000 VENZ 7 18 63.750-64.500 VENZ 7 3/4 19 61.750-62.500 VENZ 6 20 56.000-56.750 VENZ 12 3/4 22 74.750-75.500 VENZ
    Read More >>
  • Monday, October 27 2014
    ELECAR 8 1/2 18 57.000-58.000 PDVSA 5 15 85.000-85.750 PDVSA 5 1/8 16 68.500-69.250 PDVSA 5 1/4 17 61.000-61.750 PDVSA 8 1/2 17 70.000-70.750 PDVSA 9 21 57.500-58.250 PDVSA 12 3/4 22 70.750-71.500 PDVSA 6 24 47.000-47.750 PDVSA 6 26 45.850-46.500 PDVSA 5 3/8 27 44.500-45.250 PDVSA 9 3/4 35 55.500-56.250 PDVSA 5 1/2 37 43.250-44.000 VENZ 5 3/4 16 78.750-79.500 VENZ 13 5/8 18 79.500-81.500 VENZ 7 18 61.250-62.000 VENZ 7 3/4 19 59.500-60.250 VENZ 6 20 54.250-55.000 VENZ 12 3/4 22 71.000-71.750 VENZ
    Read More >>
  • Friday, October 24 2014
    ELECAR 8 1/2 18 56.000-57.000 PDVSA 5 15 84.500-85.250 PDVSA 5 1/8 16 68.250-69.000 PDVSA 5 1/4 17 60.250-61.000 PDVSA 8 1/2 17 69.750-70.500 PDVSA 9 21 57.250-58.000 PDVSA 12 3/4 22 70.250-71.000 PDVSA 6 24 46.500-47.250 PDVSA 6 26 45.000-45.750 PDVSA 5 3/8 27 43.750-44.500 PDVSA 9 3/4 35 54.750-55.500 PDVSA 5 1/2 37 43.000-43.750 VENZ 5 3/4 16 78.250-79.000 VENZ 13 5/8 18 79.000-81.000 VENZ 7 18 61.000-61.750 VENZ 7 3/4 19 59.000-59.750 VENZ 6 20 54.000-54.750 VENZ 12 3/4 22 70.500-71.250 VENZ
    Read More >>
  • Friday, October 17 2014
    ELECAR 8 1/2 18 60.000-62.000 PDVSA 5 15 79.500-80.500 PDVSA 5 1/8 16 68.000-69.000 PDVSA 5 1/4 17 61.500-62.500 PDVSA 8 1/2 17 71.000-72.000 PDVSA 9 21 58.500-59.500 PDVSA 12 3/4 22 72.000-73.000 PDVSA 6 24 47.000-48.000 PDVSA 6 26 46.000-47.000 PDVSA 5 3/8 27 45.000-46.000 PDVSA 9 3/4 35 57.000-58.000 PDVSA 5 1/2 37 44.500-45.500 VENZ 5 3/4 16 77.500-78.500 VENZ 13 5/8 18 81.000-85.000 VENZ 7 18 61.500-62.500 VENZ 7 3/4 19 59.500-60.500 VENZ 6 20 54.500-55.500 VENZ 12 3/4 22 73.000-74.000 VENZ
    Read More >>
  • Monday, September 22 2014

    Venezuela:

    - The President Nicolas Maduro, has announced the forthcoming approval of a new economic reform to collect taxes. Modifications in taxation will generate additional revenues to the Government, so it is expected subsidy reduction and currency devaluation as upcoming measures.

    Argentina:

    - Argentine Government openly urged The New York Mellon Bank (BoNY) to renounce as the trustee agency of debt swaps performed in 2005 and 2010 an

    Read More >>
  • Wednesday, September 3 2014

    Venezuela

    - The World Bank Organism, CIADI,  is currently processing 28 cases against Venezuela and they predict that final decisions could force the country to make payments which amounts will certainly impact the nation´s financial stability. Calculations from Scotia Bank estimate a cost over  USD24bn ( including only 50% of the cases already processed). An inability to pay , will result in unfavorable consequences for the country economic stability; Investors could seek for seizing the assets in United

    Read More >>
  • Friday, August 29 2014

    Venezuela

    - Venezuela is planning to import light oil from Argelia. It is the first time in the nation´s history that a ligher crude oil is being imported. PDVSA authorities stated that light oil will contribute to the national oil dealer company´s production as in mixing it with extra heavy crude from “La Faja del Orinoco” (the largest petroleum reserve).

    - Opposition leader Leopoldo Lopez, who has been detained for six months in jail in Ramo Verde, will be taken on Thursday to the courtho

    Read More >>
  • Thursday, August 28 2014

    Venezuela

    - The legal representative, Joe Garcia and Venezuelan opposition leaders, currently placed in Miami, US, exhort to the President of United States, Barack Obama, to stymie Citgo Petroleum Corp´s sale. García stated that this sale would affect both, US and Venezuela political interests and pointed out that Venezuelan Government owes money to several American companies. Even though it is suspected that this sale is a financial mechanism for Venezuelan Government to cover the fiscal debt, opposition

    Read More >>

BancTrust & Co. is a boutique investment bank dedicated to Latin America and specialized in High Beta LatAm Credit Markets; mainly Venezuela, Argentina, and Dominican Republic.

The firm operates through various entities located across The Americas and Europe. As a group of companies, we facilitate global market transactions to a diverse client base that includes corporate treasuries, financial institutions, asset managers, and governments and its entities.

  • Venezuela weekly report

    Good and Bad news

    November 21 2014 Hernan Yellati, Greys Peñaloza & Guillermo Quiroga

    Good news is that international reserves illustrated a 21% increase in the last days. Until 14 November they amounted USD19.4bn and increased to USD23.5bn the day after. This fast-paced increment was due to the recent China´s financing for USD4bn which the Venezuelan President, Nicolas Maduro, authorized to be transferred to the Strategic Reserves Fund´s account which is the same as the International Reserve´s account. Read more

  • Argentina weekly report

    Makeup

    November 21 2014 Hernan Yellati

    his week the government received the second tranche of the equivalent of USD0.5bn in Yuan, from the Central Bank of China. Thus, total financing so far from this swap has reached USD1.3bn, from the total available funding of (up to) USD11bn. In addition, the Central Bank could have also received a bridge loan for at least USD0.6bn from the Central Bank of France. Read more

  • Quantitative Reports

    High Beta Quantitative Chartbook Weekly Report

    April 23 2013 Hernán Yellati

    In Argentina, Par´38 continues to be cheap with a pick-up of 50bp. Also, we still see opportunity in moving to global´17 from Bonar ´17 with a potential of 220bp according to our rich/cheap model. Read more

  • Urgen ajustes rápidos

    Urgen ajustes rápidos

    October 27 2014 Greys Peñaloza

    Señalan que Pdvsa debe tomar medidas de contingencia frente a baja de precios del crudoEl banco de inversión BancTrust señaló que la Read more