BCP Securities Inc

Throughout 2024, BCP Securities excelled in delivering innovative and strategic financing solutions to our clients across global markets. With deep expertise in Emerging Markets and a keen understanding of global capital flows, we continue to connect issuers with investors, facilitating transformative transactions that drive growth and opportunity. As international debt markets evolve and local markets gain further depth, our focus remains on delivering tailored solutions that align with our clients’ objectives. See select 2024 major deals, while not all included here, these are the major deals BCP conducted this year. With over 20 deals valued at a total of over $5 Billion USD, we are extremely proud of this achievement. A sincere thank you to our clients for their continued trust and to our dedicated team for their relentless drive in delivering best-in-class execution. Whether in Greenwich, Rio de Janeiro or across the globe, BCP Securities is here to help you navigate the markets with confidence. #InvestmentBanking #EmergingMarkets #CapitalMarkets

Analysts say Brazilian government needs to show it is serious about reducing its yawning fiscal deficit #DaSilva #Brazil Alberto Bernal XPSec Security Eric Fine VanEck #Haddad Walter Molano BCP Securities Inc BMi Research ANBIMA Soraya Alves Figlioli #Debt

Today, from our Chief Economist Walter Molano, an opinion piece on the ‘Marvelization of Politics.’ Take a look at the below to read more on his thoughts of the parallels between fantasy and political reality.? ? “In an era of uncertainty and fear, the allure of strong, superhero-like leaders has transcended from comic books and cinema to the global political stage. This piece explores how the rise of CGI-fueled Marvel movies has not only reshaped entertainment but also influenced political culture, inspiring larger-than-life figures like Trump, Putin, and Milei. As society grapples with existential fears—immigration, globalization, AI—are we trading democratic resilience for spectacle-driven centralization? Is this the governance we need, or just good box office?” ? To sign up to receive the Daily Emerging Market Advisor, reach out directly to your BCP Representative or email us at?[email protected]

This week, BCP Chief Economist Walter Molano wrote an Op-Ed for the Financial Times, citing Argentina President #JavierMileis’s microeconomic reforms that are aimed at dismantling deeply entrenched vested interests. We’ve included a high level overview below. Take a look at the full article linked on Financial Times. "Argentina may be at a critical juncture. Historically plagued by failed macroeconomic stabilization plans, the focus under President Javier Milei has shifted to microeconomic reforms. By dismantling entrenched regulations, reducing intermediaries, and addressing inefficiencies at the institutional level, Milei’s government is tackling inflation and fostering innovation. Initiatives like direct distribution of social benefits and the creation of a deep-water super-port demonstrate how micro-level changes can reshape an economy. Could this pivot signal a long-overdue transformation for Argentina? Only time will tell, but the emphasis on liberty and structural reform is a promising start." #EmergingMarkets #JavierMilei #EconomicReform #BCPSecurities https://on.ft.com/4fHq7qa

Check out our Chief Economist Walter Molano on Bloomberg this week.

Congratulations to Grupo Elektra on the successful issuance of US$350MM Senior Secured Notes due 2031. ? In this transaction, BCP Securities Inc acted as Global Coordinator and Joint Bookrunner. ? Our role as a #JointLeadManager involved structuring the notes to mitigate certain risks to the issuer that existed in the 2028 Senior Secured Notes, while ensuring that terms remained attractive to investors. ? Congratulations to both the BCP and Grupo Elektra teams! #EmergingMarkets #Mexico #Elektra

Congratulations to Abra Group, the controlling shareholder of avianca and GOL Linhas Aéreas, on its successful $1.25 billion comprehensive refinancing! BCP Securities Inc was proud to act as the sole Placement Agent for the issuance of $510 million in senior secured notes, an integral part of this refinancing. This transaction strengthens Abra Group’s financial foundation, supporting its continued growth and strategic expansion across its airline network.

As #Argentina’s government works to reverse a prolonged economic slump, The World Bank and the Inter-American Development Bank (IDB) are providing Argentina with $8.8 billion in financing. The South American country's economy ministry announced on Wednesday 10/18, as the cash-strapped government ramps up support from key lenders. ? See what BCP Securities Inc's Chief Economist Walter Molano has commented on the matter: "President #JavierMilei is actively negotiating with multilateral credit organizations to secure over $20 billion in external financing..." "If successful, these negotiations could facilitate the removal of dollar restrictions by early 2025. Additionally, Argentina is catalyzing a drilling and production boom in the Vaca Muerta shale formation, aiming to position itself as a significant player in the global energy market. With soaring shale oil and gas output, the country recognizes that infrastructure development is essential to support exports, allowing it to leverage its vast reserves amid ongoing global supply concerns."? ? Visit Bloomberg Línea to read the full article. For the BCP Daily Emerging Market Advisor, reach out to your BCP Representative, or email us at?[email protected]

And that's a wrap! We finished up our #Argentina Investor Conference this week, focused on the country's current economic transformation. The visit provided an opportunity to observe the policies being implemented by President #JavierMilei's administration, which mark a decisive shift in Argentina's trajectory. By addressing fiscal mismanagement and reworking structural economic issues, these reforms aim to stabilize the economy and dismantle entrenched inefficiencies. The observations highlight the broader implications of these changes, which could redefine Argentina's economic future at a critical juncture.? To read more on our takeaways and thoughts from the week, take a read of our recent publication “Argentina: This Time Seems Different” by Dr. Walter Molano. To access, reach out to your dedicated BCP Representative, or email us at [email protected].

As a final reminder, this week is our 2024 Argentina Investor Conference, hosted in Buenos Aires. Hosted this Monday and Tuesday, we will hold in person presentations by many of the following issuers: Aeropuertos Argentina 2000, Telecom Argentina, Genneia, MSU Energy, Albanesi, IRSA, Banco Hipotecario, Edenor, Province of Jujuy, PF Luz. In addition, the conference will focus on sovereign issues during Tuesday‘s afternoon and both days’ lunches, where we expect to hear from specialized speakers on the matter, including Diana Mondino -- Foreign Minister, Sergio Berensztein -- Polster/Political Analyst Rogelio Frigerio -- Gov Entre Rios, Miguel Angel Pichetto -- Congress. Interested in attending? For details on the event, reach out directly to your BCP Representative, or email us at [email protected].?