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  • Tuesday, October 21 2014
    ELECAR 8 1/2 18 56.000-57.000 PDVSA 5 15 81.650-82.150 PDVSA 5 1/8 16 68.850-69.350 PDVSA 5 1/4 17 60.900-61.400 PDVSA 8 1/2 17 70.000-70.500 PDVSA 9 21 57.850-58.350 PDVSA 12 3/4 22 71.000-71.500 PDVSA 6 24 46.350-46.850 PDVSA 6 26 45.250-45.750 PDVSA 5 3/8 27 44.250-44.750 PDVSA 9 3/4 35 56.500-57.000 PDVSA 5 1/2 37 43.500-44.000 VENZ 5 3/4 16 77.850-78.350 VENZ 13 5/8 18 80.000-82.000 VENZ 7 18 61.250-61.750 VENZ 7 3/4 19 60.000-60.500 VENZ 6 20 54.850-55.350 VENZ 12 3/4 22 71.250-71.750 VENZ
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  • 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
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  • Thursday, October 16 2014
    ELECAR 8 1/2 18 58.000-59.000 PDVSA 5 15 75.000-76.000 PDVSA 5 1/8 16 67.000-68.000 PDVSA 5 1/4 17 59.250-60.250 PDVSA 8 1/2 17 68.750-69.750 PDVSA 9 21 56.500-57.500 PDVSA 12 3/4 22 69.000-70.000 PDVSA 6 24 45.000-46.000 PDVSA 6 26 44.000-45.000 PDVSA 5 3/8 27 42.500-43.500 PDVSA 9 3/4 35 54.500-55.500 PDVSA 5 1/2 37 41.500-42.500 VENZ 5 3/4 16 75.000-76.000 VENZ 13 5/8 18 76.000-80.000 VENZ 7 18 59.500-60.500 VENZ 7 3/4 19 57.250-58.250 VENZ 6 20 52.000-53.000 VENZ 12 3/4 22 66.000-67.000 VENZ
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  • 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

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  • 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

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  • 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

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  • 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

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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

    It Is Now or Never

    October 17 2014 Hernan Yellati & Guillermo Quiroga

    Oil prices remain to register important volatility with a bearish trend. Nonetheless, the average oil price for the Venezuelan basket year-to-date located at USD96.23 as of 17 October which is still far from our estimated breakeven average price of USD80, although this week registered a USD77.65 average price. Read more

  • Argentina weekly report

    Doubting Thomas

    October 17 2014 Hernan Yellati

    In a story published by Argentine daily Clarin on 17 October, the recently appointed Central Bank Governor, Alejandro Vanoli, said in a meeting with international investors that the Argentine government was willing to negotiate with holdouts but that it was necessary that the solution did not erode the government’s political capital. 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

  • Venezuela apartó fondos para pagar vencimientos de octubre

    Venezuela apartó fondos para pagar vencimientos de octubre

    September 24 2014

    Carlos Camacho   •   sep 23, 2014 – 7:17 pmSolicitud a China revela que hay necesidad de financiamiento.Venezuela ya habría Read more