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Daily Brief

Dec 26, 2006 Issue

Bancolombia Buys Banagrícola

Colombia

Colombia's largest financial institution, Bancolombia, is grabbing a larger slice of the action in Central America after it agreed to acquire Salvadorian financial group ...

CVRD Closes $6 Billion Loan To Complete 84% Of Takeout

Brazil

Brazil's CVRD has closed a $6 billion two-tranche pre-export loan, grown from $5 billion on more than $12 billion in commitments. The deal, via ABN AMRO, Credit Suisse, S...

IFC Boosts Peru MBS Market

Colombia

The International Finance Corporation (IFC), the private-sector arm of the World Bank, is collaborating with Titulizadora Colombiana and Banco de Crédito del Perú to set ...

Merrill Lynch: Ecuador Will Likely Miss February Coupon Payment

Andean

In a research note sent out at the end of last week, Merrill Lynch said it believed that Ecuador would likely miss the debt service payments in February on its Global '30...

S&P Revises Bermuda Outlook To Positive

Ratings agency Standard & Poor's has revised its outlook of Bermuda's long-term ratings from stable to positive. It also affirmed its AA long-term and A-1+ short-term sov...