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Daily Brief

Dec 21, 2006 Issue

Arcelor Mittal Buys Sicartsa For $1.4 Billion

Mexico

Luxembourg-based steelmaker Arcelor Mittal has agreed to buy 100% of Sicartsa, a Mexican integrated steel producer, from Grupo Villacero in a deal worth $1.4 billion. Sic...

BNDES Launches Debt Issue

Brazil

Brazil's National Development Bank (BNDES) launched the first tranche of a debentures issuance program via its investment unit BNDESPar on Wednesday. The Bank is issuing ...

Brazil Central Bank Cuts Growth, Inflation Forecasts

Brazil

Brazil's Central Bank has scaled back its economic growth forecast for this year from 3.5% to 3%, according to the latest quarterly report. The Bank also lowered its esti...

Cementos Argos Closes $480 Million Syndicated Loan

Colombia

Colombian cement producer Cementos Argos has closed a $480 million syndicated loan through Citigroup Global Markets and BNP Paribas Securities, after receiving commitment...

Colombia Anti-Trust Regulator Approves Retail Merger

M&A

Colombia's anti-trust regulator has approved the merger of the country's top two retailers, Almacenes Exito and Carulla Vivero, although the newly merged entity must sell...

CVRD Mulls Loan Upsize

M&A

Commitments are due this week for CVRD's $5 billion two-tranche pre-export loan, part of the takeout of an $18 billion financing for the acquisition of Inco. The deal via...

Ecovias Launches Debentures Issue

Brazil

Brazilian highway operator Concession√°ria Ecovias dos Imigrantes has launched a debentures issue worth $208 million (450 million reais). The debentures are being issued i...

Embraer Share Sale May Raise $460 Million

Funds

Brazilian aircraft manufacturer Embraer is also seeking to sell shares via a secondary offering. The 43.3 million common shares will be sold by pension funds Previ and Si...

IDB Approves $80 Million Revolving Credit For Securitizadora Security GMAC-RFC

Bonds Structured Finance

The Inter-American Development Bank (IDB) has approved up to $80 million for a revolving mortgage-backed credit facility for Securitizadora Security GMAC-RFC, a Chilean s...

Suzano Plans Secondary Share Offering

Equity

Brazilian paper and pulp company Suzano Papel e Celulose is to make a secondary share offering via Bovespa. Suzano Holding, the company's controlling shareholder, will se...

US Freightliner Plans Mexico Plant

Mexico

US truck manufacturer Freightliner, a unit of US automaker DaimlerChrysler, has announced it is to invest $300 million in building a second plant in Mexico, planned for S...

Venezuela To Buy Back $800 Million Dollar Bonds

Bonds

Venezuela is to buy back a further $800 million in dollar bonds in its drive to reduce the country's foreign debt burden. The proposed buyback by the government was appro...