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Daily Brief

Dec 18, 2006 Issue

AES Sells $300 Million Notes

Panama

Hydroelectric generation company AES Panama priced its $300 million senior unsecured notes at a spread of 195bp to yield 6.463% through lead manager Credit Suisse in the ...

Braskem Taps Fadigas As New CFO

Brazil

Brazilian petrochemicals firm Braskem has announced the appointment of Carlos José Fadigas de Souza Filho as its new chief financial officer and head of investor relation...

Colombia Raises Benchmark Rate

Colombia

Against market expectations, Colombia's Central Bank raised the benchmark interest rate by 25bp Friday to 7.50% from 7.25%. The Bank said it was moving to slow growth in ...

CSN Pulls Out Of US Deal

M&A

Brazilian steelmaker Companhia Siderúrgica Nacional has terminated a merger agreement with US steel company Wheeling-Pittsburgh, CSN announced Friday. The two companies h...

GCC Improves Debt Profile

Mexico

Mexican cement producer Grupo Cementos de Chihuahua (GCC) said Friday it had fully repaid its $1.2 billion peso bond that was issued and placed in the domestic Mexican ma...

ICA Appoints Quintana Kawage To Succeed Guerrero

Mexico

Mexican constructor Empresas ICA has named Alonso Quintana Kawage as the company's new chief financial officer, effective January 1, 2007. Quintana is currently ICA's dir...

IDB Signs $30 Million Loan To BBVA Banco Continental

Bonds Structured Finance

The Inter-American Development Bank (IDB) has signed a $30 million subordinated loan to BBVA Banco Continental, in Peru. The loan constitutes the second component of a lo...

Peru Economy Grows 9.82%

Peru

Peru's economy grew 9.82% in October, year on year, according to INEI, the country's national statistics institute. Growth was driven by manufacturing, which expanded 9.4...

Transener Sells $220 Million Bonds

Argentina

Transener, Argentina's largest electricity provider, sold $220 million of 10-year amortizing bonds at par to yield 8.875% a year. The bonds mature December 15, 2016. The ...

Venezuela To Increase CD Sales

Venezuela will increase its sales of short-term local debt (certificates of deposit) next year to help mop up liquidity, according to Bloomberg quoting Central Bank direc...