Independent, institutional-grade credit analysis on Latin American corporates, banks and non-bank financial institutions — free from issuer relationships, banking ties or rating-agency conventions. Delivered as a rigorous, evidence-led input to European wealth managers, family offices and qualified investors seeking capital preservation and unconflicted credit judgement in their fixed-income allocations.
No issuer commissions, no trading-desk commitments, no conflicts of interest. Research is available directly, without the institutional gatekeeping that typically restricts access to quality credit work.
Elqui Bond Research delivers the rigorous, fact-traceable credit analysis European wealth managers and family offices require to act with conviction on Latin American fixed income. Each credit view is built bottom-up from filings, prospectuses and primary data — issuer profile, adjusted financials, scenarios, recovery, capital structure and covenants — and written to the standard of a credit committee, never a marketing note. Because the work is fully independent of issuers, banks and trading desks, the opinion is unconflicted: it reflects only what the evidence supports.
Fully independent of issuers, banks and trading desks: no research-for-fees, no rating conventions, no conflicts of interest.
Accessible to any qualified investor or wealth manager, regardless of custodian or trading relationships — institutional-grade work without the institutional gatekeeping.
We supply credit analysis as an input, not as personal investment advice, a recommendation or a rating.
Every claim in a dossier is traceable to a specific filing, prospectus or primary data point — transparency by construction.
Services
Analytical services, quietly rigorous.
Each service is delivered with the same independence of judgement: no issuer has paid for favourable coverage, no bank requires a trading relationship, and no opinion is adjusted to preserve a mandate. You receive the analysis a credit committee needs — directly and on terms scaled to the engagement.
01
Initial Credit Dossier
A full deep-dive on a Latin American issuer: business and industry, adjusted financials, leverage and liquidity, scenarios, recovery, capital structure and covenants — concluding in a considered narrative credit view.
02
Surveillance Updates
Ongoing monitoring of covered issuers with event-driven updates whenever fundamentals, structure or regional conditions shift — the recurring core of long-term stewardship.
03
Capital Structure & Covenant Analysis
Tranche-level risk mapping across the debt stack — seniority, collateral and documentation — so downside is understood before capital is committed.
04
Scenario & Recovery Analysis
Base and downside modelling with valuation-anchored recovery work across multiple methodologies, framing risk in the language of capital preservation.
05
Bespoke Analytical Support
Universe screening and tailored credit analysis on a client-specified list of Latin American issuers, matched to the client's coverage universe.
07Credit assessment & analytical write-up for the investment committee
Every claim is traceable to a specific filing or primary data point. Modern quantitative and AI workflows widen coverage and reinforce consistency, but credit judgement remains human — and the investment decision remains, always, with the client. Independence is preserved throughout: the analyst has no economic interest in any issuer, bank or trading desk.
Coverage
Latin American Corporate Debt in focus
Coverage is deliberately concentrated on Latin American corporate debt — fixed-income securities and debt obligations of issuers domiciled in the region, or whose principal business activity takes place within it. Focus markets include Chile, Peru, Colombia, Mexico and Brazil, with selective work across the wider region as client mandates require.
Region
Latin AmericaChile · Peru · Colombia · Mexico · BrazilSelected issuers across the wider region
A redacted sample Credit Dossier is available on request. The same structure, analytical depth and evidentiary traceability you would receive on any covered Latin American issuer.
Marco Lantermo — Luxembourg-based credit analyst with 10+ years of buy-side experience across investment grade and high yield Latin American corporate debt. His background combines bottom-up corporate credit research, covering corporates and financial institutions, with portfolio management of fixed income and multi-asset portfolios, built inside award-winning fixed-income teams recognised for long-term corporate credit performance. He now continues that work as a fully independent practice, founder of Elqui Bond Research, providing credit research on Latin American corporate and financial debt for wealth managers, family offices, and private banking clients.
Fluent in Spanish, Portuguese and English, with professional working proficiency in French and Italian — a practical asset for European wealth managers and cross-border investors who prefer credit judgement explained clearly in their own language. The model is deliberately direct: a conversation with the analyst, not a sales desk. Whether you need a single dossier, ongoing surveillance or independent research on a specific issuer you are evaluating, the engagement is scoped to the coverage required — without requiring a banking relationship, minimum ticket size or trading volume.
Every dossier delivers comprehensive, fully traceable analysis— covering bottom-up fundamentals, adjusted financials, scenarios, recovery, capital structure, and covenants. Unfiltered front-office expertise is paired with advanced AI and LLM technology. This allows us to scale our coverage and enforce consistency, all without diluting analytical rigor.
Elqui Bond Research is the continuation of that track record as an independent practice — the same institutional standard of Latin American credit analysis, delivered directly to the wealth-management teams and qualified investors who value preservation, transparency and considered long-term stewardship.
Share, in a few lines, the mandate and the coverage needs of your practice. There is no gatekeeping, no requirement to trade or to be an existing bank client — just a direct reply with a scoped proposal and, on request, a redacted sample dossier.
