Daily Brief

Oct 23, 2019 Issue

Gafisa exits Alphaville

M&A Equity Brazil

Brazilian real estate company sells its 21% stake to co-owner Pátria for $25m

CCR unit sells local notes

Bonds Debt Capital Markets

CCR AutoBAn issues $190m in seven-year debentures to replenish cash and cover costs

Mexico's development banks have room to increase lending, S&P says

Loans Project & Infrastructure Finance Economy & Policy

Nafin, Banobras and Bancomext could expand their loan books by $20bn, according to the rating agency

Ecopetrol, Oxy get go-ahead to form Permian JV

M&A Equity Energy

Colombia's state-owned oil company has lined up $1.5bn in investments for a new shale gas company in western Texas

CFE plugs in local bonds

Bonds Debt Capital Markets

Mexico's state-owned electric utility aims to raise $390m from a three-part deal on November 11

Knight enters Latin America with Biotoscana deal

M&A Equity Brazil

Canadian pharmaceutical company spends $145m to take control of a Brazilian peer and earn access to 10 markets in the region

Banco do Brasil closes share sale

Equity Capital Markets Brazil

State-owned lender picks up $1.4bn from the sale of 133m shares in a follow-on offering

Braskem lines up new notes to go with buyback

Bonds Debt Capital Markets

Brazilian petrochemical company plans to return to the cross-border market to fund the repurchase of its 2021, 2022 and 2023 bonds

Bolivia's political uncertainty could dampen investment

Politics Economy & Policy Project & Infrastructure Finance

Alleged irregularities in Sunday's presidential election unnerve investors, analysts say