LatinFinance - May/June 2016 - 20
INVESTOR
REPORT
ARGENTINA
Debt
Fresh financing
in sight
PAGE 22
M&A
New paths
to growth
PAGE 25
Back with a bang
In April, Argentina completed the largest emerging market debt sale on record, ending its
decades-long status as a financial pariah with a whopping $16.5 billion global bond offering.
The deal also brought a close to the default era in Argentina.
Now President Mauricio Macri hopes the country's return to capital markets will unleash
a wave of foreign investment and a pipeline of transaction by domestic companies, who can
use the sovereign's debt as a benchmark for their own bond prices.
The timing is crucial. Argentina's economy is forecast to contract 1% this year, according
to the IMF. Inflation is running around 35% and Argentina's biggest trading partner, Brazil, is
mired in a deep recession.
The government also hopes the bond sale will help fund public works programs to help reinvigorate the economy.
Argentine companies are now betting the regained access to financial markets will put them
on path for growth. With the sovereign back in the debt capital markets, a slate of Argentine
companies are expected to follow suit, and some have already moved quickly.
The hopes for a potential economic turnaround are also helping to improve business confidence, stirring interest in potential mergers and acquisitions deals, which for years were
largely nonexistent.
After being locked out of markets for over a decade, many Argentine companies are looking
for capital and inorganic growth, as investors look to get a foothold in the country.
LatinFinance takes a look at how some Argentine companies are readying to return to the
financial markets and the prospects for M&A dealmaking in Argentina in the months ahead. LF
20 L ATINFINA NCE.COM - May/June 2016
http://www.LATINFINANCE.COM
Table of Contents for the Digital Edition of LatinFinance - May/June 2016
Contents
LatinFinance - May/June 2016 - Cover1
LatinFinance - May/June 2016 - Cover2
LatinFinance - May/June 2016 - Contents
LatinFinance - May/June 2016 - 2
LatinFinance - May/June 2016 - 3
LatinFinance - May/June 2016 - 4
LatinFinance - May/June 2016 - 5
LatinFinance - May/June 2016 - 6
LatinFinance - May/June 2016 - 7
LatinFinance - May/June 2016 - 8
LatinFinance - May/June 2016 - 9
LatinFinance - May/June 2016 - 10
LatinFinance - May/June 2016 - 11
LatinFinance - May/June 2016 - 12
LatinFinance - May/June 2016 - 13
LatinFinance - May/June 2016 - 14
LatinFinance - May/June 2016 - 15
LatinFinance - May/June 2016 - 16
LatinFinance - May/June 2016 - 17
LatinFinance - May/June 2016 - 18
LatinFinance - May/June 2016 - 19
LatinFinance - May/June 2016 - 20
LatinFinance - May/June 2016 - 21
LatinFinance - May/June 2016 - 22
LatinFinance - May/June 2016 - 23
LatinFinance - May/June 2016 - 24
LatinFinance - May/June 2016 - 25
LatinFinance - May/June 2016 - 26
LatinFinance - May/June 2016 - 27
LatinFinance - May/June 2016 - 28
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LatinFinance - May/June 2016 - 30
LatinFinance - May/June 2016 - 31
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LatinFinance - May/June 2016 - 33
LatinFinance - May/June 2016 - 34
LatinFinance - May/June 2016 - 35
LatinFinance - May/June 2016 - 36
LatinFinance - May/June 2016 - 37
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LatinFinance - May/June 2016 - 46
LatinFinance - May/June 2016 - 47
LatinFinance - May/June 2016 - 48
LatinFinance - May/June 2016 - Cover3
LatinFinance - May/June 2016 - Cover4
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