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Daily Brief

Dec 20, 2006 Issue

Bancolombia Approves $1.1 Billion Bond Program

Colombia

Bancolombia, Colombia's largest bank, is to seek financing of up to $1.1 billion in domestic and international markets (other than the US) over the next five years, the b...

BBVA Reorganization Means New Head For Bancomer

People Corporate & Sovereign Strategy

BBVA Bancomer, the Mexican unit of Spanish banking giant BBVA, is to have a new chief executive after BBVA appointed current CEO Jaime Guardiola as head of a newly formed...

Brazil Current Account Surplus Narrows To $13.75 Billion

Brazil

Brazil's current account surplus narrowed slightly in the 12 months through November to $13.75 billion, down from $13.96 billion in the 12 months through October. The sur...

Chile FDI Increases Threefold

Chile

Foreign direct investment (FDI) authorized by Chile this year rose nearly threefold to $4.82 billion from $1.70 billion in 2005, according to CIE, the country's foreign i...

CPFL Launches Debentures Issue

Brazil

Brazilian power utility Companhia Paulista de Força e Luz (CPL) launched a debentures issue worth $298 million (640 million reais) Tuesday. The bonds, due December 1, 201...

Dufry South America Raises $344 Million In BDRs

Brazil

Dufry South America, the South American subsidiary of Swiss duty-free shop operator Dufry, successfully raised $343.7 million (738.9 million reais) from the sale of Brazi...

Fitch Assigns BB+ Rating To Peru IIRSA Securitization

Peru

Ratings agency Fitch has assigned a BB+ rating to Peru Enhanced Pass-Through Finance Limited, a Peruvian securitization of government payment obligations in connection wi...

Lupatech Closes Argentine Acquistions

M&A

Brazilian manufacturer Lupatech, which makes valves for the oil and gas industry, has closed its acquisition of two Argentine firms - Válvulas Worcester and Esferomatic -...

Valorem Seeks $130 Million Credit Line

Colombia

Colombian holding company Valorem, controlled by Grupo Santo Domingo, is seeking a credit line totaling $130 million from Bancolombia, according to a note sent to the cou...