• Tuesday, January 16 2018

    Venezuela:

    - Yesterday the President Nicolas Maduro gave its yearly speech which should be something close to the state of the union and that according to the constitution should be presented in front of the National Assembly. However, this year and arguing the illegality of the National Assembly, the decision was to give his speech in front of the National Constituent Assembly. In detail, more than a state of the union this was one of the usual speech of the President with not much data to collect. Among

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  • Monday, January 15 2018

    Venezuela:

    - The dialogue meeting held in the Dominican Republic between members of the opposition and the government last weekend culminated again without any results. International mediators indicated that although some agreements were reached, several points remain pending and both parties will meet again this Thursday, January 18. In our opinion, it was expected that results would not be achieved,as we have been saying we believe that the most likely to happen is that the negotiation rounds will culmin

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  • Friday, January 12 2018

    Venezuela:

    - The National Electoral Council (CNE in Spanish) announced that it has approved the schedule for the validation of political parties that did not participate in the last municipal elections which it will take place on 27 and 28 of January. The process will be carried out to comply with the order of the National Constituent Assembly (ANC), which has as its sole purpose to be another obstacle for the opposition. We believe that at the moment the attention is focused on the negotiations in the Dom

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  • Thursday, January 11 2018

    Venezuela:

    - The situation regarding Venezuela’s debt with Brazil received yesterday two mixed updates, as the Brazilian Ministry of Finance reported that the first paid an old debt but that it is still in arrears with another payment. In detail, the ministry informed that Venezuela paid USD262.5mn – corresponding to the May-August period of 2017 – on 5 January as part of their commitments under the Reciprocal Credit and Payments Agreement (CCR), which is part of the benefits of the Latin American In

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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

    Putting the Petro in Front of the Economic Battle

    January 12 2018 BancTrust & Co. Research Team

    After a rough 2017 in economic and social terms, 2018 seems to be continuing in the same direction with the first days of the year presenting numerous difficulties in the performance of the economy, with inflation continuing in its skyrocketing trend and with an exacerbated shortage of food that has turned into some events of local protests and lootings, especially in small cities in the countryside. On the other hand, the government’s response is focused on a proposal to battle all the financial and economic inconvenience the country has been suffering lately: the “Petro” cryptocurrency. Read more

  • Argentina Weekly Report

    Forecasts 2018: Will Gradualism Continue?

    December 29 2017 BancTrust & Co. Research Team

    This year represented a challenge for Macri’s administration as it was not only the year to start implementing its reforms, but also to prove that it counted with the political backup to implement them. In this regard, mid-term elections meant a victory to Macri's image as his party demonstrated to have the strength to surpass former president Cristina Fernandez de Kirchner’s intentions, and it also meant that the path to approve the needed reforms was, at least, easier. However, the elephant in the room for the government is the continuous criticism about the level of gradualism, after a difficult 2016 that did not seem to improve, and the biggest fear for 2018 is that planned reforms won’t be enough to overcome it. Nevertheless, there is good news to highlight. 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