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Equity Follow-ons Set to Price

Jun 21, 2012

Chile’s Cencosud and Brazil’s Brazil Pharma are set to test equity investor appetite through follow-ons pricing today. Bankers, investors and analysts expect follow-ons and some of the larger IPOs to get done. Cencosud is offering 91.3m shares in the form of ADS, a sale that would raise CLP293.06bn ($586m) at Wednesday’s CLP2,791 closing price, assuming the use of a...

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"[While] it’s good to build more infrastructure and increase investment, you have to be conscious about the macro effects of too big an increase in domestic demand, including of course public expenditure."

Julio Velarde, Peru central bank


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