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Daily Brief

Dec 15, 2006 Issue

AES Panama Prices Bonds

Panama

Hydroelectric generation company AES Panama is heard to be out with pricing of around 200bp above comparable US Treasuries for its $300 million in senior unsecured notes,...

Argentina Q3 Growth 8.7%

Argentina

Argentina's economy grew by 8.7% in the third quarter of the year, continuing to beat analyst forecasts. Growth was driven by increased production of goods (+9.4%) and se...

Chile Holds Benchmark Interest Rate At 5.25%

Chile

Chile's Central Bank has held the benchmark interest rate at 5.25%, in line with most analysts' expectations. This is the fifth time in as many months that the Bank has l...

Correa Remarks Send Bond Prices Tumbling

Argentina

Ecuador's president-elect Rafael Correa's comments to press in Argentina Thursday sent Ecuador's sovereign bond prices tumbling and the yield on the country's global 2012...

EGE Haina Joins The 2007 Pipeline

The Dominican Republic's EGE Haina is heard looking at a $150 million bond issue, likely in January. The power generator took several pitches and is expected to push for ...

Fitch Upgrades Banco Nossa Caixa

Brazil

Ratings agency Fitch has upgraded state-run Brazilian bank Banco Nossa Caixa's national ratings to long-term AA-(bra) from A+(bra) and to F1+(bra) from F1(bra), respectiv...

FSA Guarantees Crédito Inmobiliario Securitization

New-York headquartered Financial Security Assurance (FSA) has said it will guarantee the securitized construction loans of Sofol Crédito Inmobiliario, the first time FSA ...

OMA Excercises Greenshoe

Mexico

Mexican airport operator Grupo Aeroportuario Centro Norte (GACN) or OMA announced Thursday that it was to exercise the over-allotment option for both the domestic and int...