IFLR Search

Mexico ends Brady bond era

July marked the end of an era in Latin American sovereign debt when Mexico retired the last of its Brady bonds. As IFLR went to press the country was due to repurchase its remaining non dollar-denominated Brady bonds, taking it out of a period of debt restructuring that has lasted 15 years.

July 31 2003

Is withholding tax holding central Europe back?

States in central and eastern Europe should abolish withholding tax on capital markets deals, say Ton Kemp and Nick Eastwell of Linklaters. It makes transactions expensive for issuers but raises little money for governments

July 31 2003

Chilean firms advise on securitization landmark

The structured finance market in Chile has taken another step forward with the completion of a novel future flow securitization.

July 31 2003

Moody's takes tough look at role of trustees

Claire Robinson of Moody's explains why the ratings agency is re-examining how trustees affect securitizations in the wake of problems on deals like National Century

July 31 2003

Bank Mandiri IPO boosts confidence in Indonesia

After more than two-and-a-half years of preparation, Bank Mandiri has launched Indonesia's largest initial public offering since Asia's 1997 financial crisis.

July 31 2003

Sidley and Linklaters take lead roles on BBC securitization

Sidley Austin Brown & Wood and Linklaters have advised on a sale and leaseback deal for the British Broadcasting Corporation (BBC), the largest transaction of its type in Europe.

July 31 2003

Hogan & Hartson, White & Case close first wind-power project financing

US firms Hogan & Hartson and White & Case helped close the first project financing for wind power in July. The deal, valued at $380 million, will finance a portfolio of wind farms and is expected to open the market for similar deals.

July 31 2003

Cayman Islands

On April 30 2003 the Cayman Islands Monetary Authority, after consultation with the private sector, introduced further revisions to the Guidance Notes on the Prevention and Detection of Money Laundering. The Guidance Notes are ancillary to the Money Laundering Regulations and recommend anti-money laundering best practice measures. The most important changes concerned the role of the Money Laundering Reporting Officer (the MLRO), particularly in relation to mutual funds.

July 31 2003

How the UK Enterprise Act makes warehousing difficult

Some asset-backed deals will still prove difficult under the UK's new insolvency regime despite broad exceptions to make securitizations feasible. Richard Ambery of Mayer Brown Rowe & Maw looks at how the treatment of loans to be securitized might change

June 30 2003

Disclosure: are Hong Kong's plans too tough on sponsors?

Proposed regulations in Hong Kong place too much responsibility for company disclosure on sponsors. Issuers must also share the task of keeping investors informed, says Stephen Fletcher of Linklaters

June 30 2003

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