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La Polar Seeks Covenant Waiver, Share Issue

Jun 20, 2011

Chile’s la Polar plans to raise $400m equivalent from the sale of new shares and ask bondholders to waive covenants after loan-loss provision estimates rose...

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The most pressing issue is related to guaranteeing this growth of the system, the savings. We have to guarantee that this growth is followed by better asset managers on the side of the Afores.

Carlos Ramírez, Mexico’s pension regulator, Consar


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