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  • Tuesday, August 23 2016

    Argentina

    - Following the acquisition of Petrobras Argentina, Pampa might be targeting a USD500mn debt issuance to partially repay a USD750 million loan obtained to pay for Petrobras Argentina SA. Reports indicate the company would offer the notes with a yield under 7.5 percent and a maturity of seven years, similar to those issued by Petrobras Argentina in July and which price currently stands at 103 cents with a yield around 6.7 percent.

    - In other respect, as conseque

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  • Friday, August 19 2016

    Argentina

    - The Supreme Court ruled against the rate hikes for natural gas for residential users, which account for 26% of total demand, deeming obligatory public hearings to determine the price of transportation and distribution, while the price at wellhead would be determined also by public hearing if not by the market forces. Even though the ruling represents an important blow for the public finances – public hearings might delay new hikes for months-, the remaining 74% of users would have to pay the n

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  • Thursday, August 18 2016

    Argentina

    - Argentina´s Attorney General, Alejandra Gils Carbo, spoke out against the rate hikes and asked the Supreme Court to do the same at its meeting today. Gils Carbo argued that the raise couldn’t be validated as it wasn’t previously consulted at public hearing and that the process for increasing gas prices should be done according to principles of gradualism, accessibility and predictability.

    - The dollar reacted to the Lebac rate cut by climbing above ARS/U

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  • Wednesday, August 17 2016
    Argentina:

    - Energy Minister, Juan José Aranguren, attended this Tuesday to a session in the Parliament just a couple of days before the Court pronounces regarding the tariff hikes. With over 120 deputies in the room with the exception of the former Minister of Planning, Julio De Vido, Aranguren exposed the technical aspects of the decision regarding the increase in energy tariffs and answered several questions while reaffirming the decisions taken by the Executive government were under the legal framework and in that matter the Court will

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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

    From Commercial to Financial Debt

    July 1 2016 Hernán Yellati & Oriana Covault

    According to a Reuters probe, OPEC reached a peak in its oil production for its recent history due to partial recovery of Nigeria’s industry as well as a larger offer from Gulf Countries, closing in 32.82mbp for June. Meanwhile, Oil Minister Eulogio Del Pino continues to make different statements regarding oil production from the state-owned oil company in an effort to clarify certain concerns. Read more

  • Argentina Weekly Report

    Logarithmic Inflation

    August 12 2016 Hernán Yellati & Guillermo Quiroga

    We have been consistently mentioning inflation as Argentina main economic challenge this year. Undoubtedly, the figure has surpassed initial expectations from Macri’s first days in office, as Buenos Aires CPI, Cordoba CPI and Congress CPI surpassed the 40% y-o-y inflation level – 47.2%, 41.2% and 46% respectively. These results place Argentina’s inflation as the second highest in the region (behind Venezuela). 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

  • Entrevista en CNN con José Antonio Montenegro sobre Argentina Source: CNN | Added on July 1, 2016

    Entrevista en CNN con José Antonio Montenegro sobre Argentina Source: CNN | Added on July 1, 2016

    July 1 2016

    Entrevista en CNN con José Antonio Montenegro sobre Argentina 2/3| Source: CNN | Added on July 1, 2016 Entrevista en CNN con José Read more