• Thursday, October 19 2017

    Venezuela:

    - Yesterday the National Constituent Assembly (ANC for its words in Spanish) carried out the oath for the 18 governors elected in last Sunday regional elections. The oath took place under the constituent decree that establish that the new regional leaders must be summited to the ANC authority. At the same time, the opposition party (MUD) stated that their five candidates would only be summited to the Constitution and the laws of the Republic and not before the ANC. We believe that given the oppo

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  • Wednesday, October 18 2017

    Venezuela:

    - The Japanese financial firm Nomura estimates, based on the results of the regional elections, that the next group of sanctions established by the United States would be delayed until next year, in order to apply more pressure in a context of a presidential election calendar. We believe the sanctions will remain individual and targeted to members or people close to the government. Read More >>

  • Tuesday, October 17 2017

    Venezuela:

    - Angel Oropeza, Political Coordinator of the Democratic Unity Roundtable (MUD in Spanish), was in charge of delivering the response in the aftermath of the regional elections, setting out a roadmap containing the next four steps that the opposition coalition will start executing "immediately". The actions refer to: calling for a domestic and international effort for revamping the electoral system - in order to celebrate free and fair presidential and regional elections -; elaborating a report e

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  • Tuesday, October 10 2017

    Venezuela:

    - According to the deputy to the National Assembly (AN), Angel Alvarado, CPI for September reached 36.3% and made the accumulated figure for 2017 to stand at 536.2%. In this regard, the AN calculus seems to have been influenced by the cessation of operations in the DICOM system, making very tight FX offers. In our view, this was something foreseeable as local economy performance is highly linked with parallel FX performance which has seen a boost since DICOM stopped the auctions. Latest statemen

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BancTrust & Co. is a boutique investment bank dedicated to Latin America and specialized in High Beta LatAM & the Caribbean 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

    Time To Strengthen Strategic Alliances

    September 29 2017 BancTrust & Co. Research Team

    According to a statement of the state-owned oil company PDVSA, they agreed with CNPC America the reactivation of 800 oil wells that would add 200kbpd in the short-term, which in our view adds to the recent positive streak of negotiations with the different partners of each project with the focus placed on increasing the currently depressed oil production. Read more

  • Argentina Weekly Report

    Inflation is Finally Giving Up

    September 15 2017 BancTrust & Co. Research Team

    This week, the long-awaited news arrived to confirm that the government’s policies have resulted in routing inflation to the desired target and that the FX movements did not cause the so fear “pass-through” effect. However, this is still not enough reason for the Central Bank of Argentina to ease its actions with the key monetary policy rate. Read more

  • Quantitative Reports

    EM Quantitative Chartbook Weekly Report

    July 17 2015 Research & Strategy Team

    Below we produce the Par Equivalent CDS spread metrics in order to assess the credit relative value and identify the bonds that are cheap or expensive relative to what we describe as a theoretical fair value curve. Graphs and tables below show results of these calculations for Venezuela, PDVSA, Ukraine, Russia, Argentina, Panama, Turkey, Ecuador, Mexico and Brazil. Read more

  • May 10 2017

    Venezuela: – Yesterday took place the first meeting summoned by the Presidential Commission for the Constituent with some Read more