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Colombia sold US$5.2 billion of dollar bonds, Brazil’s runoff reportedly went to Lula, Costa Rica’s exports slowed to about 4% through September, prosecutors are probing Santa Cruz coastal permits, Chile’s ILC returned to the local bond market, and Tractian raised US$130 million.

Today’s full analysis: Buying Industrial or Farm Land in Costa Rica? Exports Slowed to 4%

Let’s dive in.

Markets & Macro

• The Fed raised its target range by 25 bp to 3.75%–4.00% on 16 September; the 28 October decision is expected to hold (Finance Colombia, Rio Times).
• Costa Rica’s annual inflation was 0.34% in September, up from −0.17% in August (Finance Colombia).
• September inflation: Colombia 6.29%, Brazil 4.58%, Mexico 3.45%; Colombia’s policy rate is 12.25% (Finance Colombia).
• Brazil’s Selic is 13.75% after five 25 bp cuts between March and September; Banxico held at 6.50% on 24 September (Rio Times).

This Week’s Calendar

• Tuesday 27 Oct: Mexico trade balance, Chile rate decision (Rio Times).
• Wednesday 28 Oct: Fed rate decision, consensus hold at 3.75%–4.00% (Rio Times).
• Thursday 29 Oct: Brazil IGP-M inflation and net payrolls, US Q3 GDP (advance), ECB decision (Rio Times).
• Friday 30 Oct: Mexico Q3 GDP estimate, Colombia unemployment and central bank decision (prior 12.25%), Brazil unemployment and budget balance (Rio Times).
• Weekend: no major scheduled releases found.
• Monday 2 Nov: Costa Rica’s 2027 marchamo lookup and payment opens (Tico Times).
• Tuesday 3 Nov: Brazil’s Copom meeting begins; decision due Wednesday 4 Nov (Rio Times).

Headline Roundup

• Costa Rica goods exports rose about 4% to US$17.565 billion through September (Delfino).
• Costa Rica’s export growth is the slowest for the period in six years, one outlet reports (La Nación).
• Prosecutors are investigating nine people over coastal concessions and permits at Santa Cruz’s municipality (Infobae).
• Costa Rica’s 2027 marchamo opens 2 November with a windshield RFID tag; mandatory insurance averages about 4% higher (Tico Times).
• Costa Rica declared its first red alert at sea as El Niño drought hits Guanacaste (Tico Times).
• Panama’s post-earthquake international aid tops US$6 million (Infobae).
• Lula is reported to have won Brazil’s 25 October runoff with 51.79% of valid votes (Rio Times).
• Colombia sold US$5.2 billion of external bonds, priced at the low end of guidance (La República).
• Colombia cut its budget by 13.8 trillion pesos last week, less than the 21.9 trillion planned (La República).
• Chile’s ILC returned to the local bond market for the first time since 2021 (Diario Financiero).
• Plus500 agreed to buy Brazilian broker-dealer Guru (Yahoo Finance).
• Brazil’s Tractian raised US$130 million in a Series D (Techloy).
• Brazil’s Alice raised US$40 million in a round led by the IFC (Techloy).
• Colombia has the highest inflation among eight Latin American economies tracked by Grupo Cibest (Finance Colombia).

Deal Flow

M&A / Strategic

• Plus500 agreed to acquire Brazilian broker-dealer Guru; price not disclosed, cash-funded, subject to regulatory approvals (Yahoo Finance).

Venture & Growth

• Tractian raised US$130 million in a Series D (Brazil, industrial AI), led by Sapphire Ventures and M&G’s Catalyst (Techloy).
• Alice raised US$40 million in a Series D (Brazil, healthtech), led by the IFC (Techloy).
• Matria raised US$6.5 million in a seed round (Brazil, healthtech), led by Astella (Techloy).

IPOs / Listings / Issuances

• Colombia sold US$5.2 billion of dollar bonds: US$2.2 billion at 7.05% (2032), US$2.0 billion at 7.65% (2037), US$1.0 billion at about 8.15% (2056) (La República).
• ILC placed UF 2 million (about US$84 million) of Series L bonds in Chile at an average 3.33%, rated AA+, maturing 2036 (Diario Financiero).

Regulatory Watch

• Costa Rica: the 4×3 shift bill allowing exceptional 12-hour days passed first debate on 8 October, 31 votes to 19; second debate and a constitutional challenge were pending; effective date: not stated (Infobae).
• Costa Rica: Congress archived the government’s electricity-market reform on 19 October after it failed to reach 38 votes; effective date: not applicable (Infobae).
• Costa Rica: 2027 marchamo payments open 2 November; mandatory insurance rises about 4% on average, to ₡46,700 (Tico Times).

Data as of 27 October 2026. Items reflect public reports on the dates shown; deal terms are as reported by the sources and may change. This is general market commentary, not investment advice.

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