Daily Brief

Dec 20, 2006 Issue

Bancolombia Approves $1.1 Billion Bond Program


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'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


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


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


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


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


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


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...