Daily Brief

Dec 28, 2005 Issue

ABN AMRO Chile Agrees Sale Of Life Insurance Business


ABN AMRO Chile has sold its life insurance business to local company EuroAmerica Seguros de Vida SA. The bank sold its portfolio of general insurance policies in November...

BBVA Chile Issues $42 Million Worth Inflation-linked Bonds


BBVA Chile, an affiliate of the Spanish bank, has issued local bonds worth $42 million (UF1.2 billion). The bonds are denominated in Unidades de Fomento, the Chilean infl...

Colombian Banco de Occidente To Buy Banco Unión


Colombia's fifth-largest financial institution, Banco de Occidente, a unit of local holding company Grupo Aval, is to buy smaller rival Banco Unión in a share swap betwee...

Gafisa Offers R112 Million Debentures


Brazilian property developer and construction company Gafisa will offer R112.3 million of debentures. The non-convertible debentures carry a five-year maturity and are du...

Suzano Petroquimica Gets Approval For Bond Issuance


Brazilian company Suzano Petroquimica has been given approval by local securities regulator to issue up to R800 million ($342 million) of long-term bonds. The company has...