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Daily Brief

Dec 11, 2007 Issue

Brazilian Senate to Votes on CPMF

Brazil

Barring any more delays, the Brazilian senate is set to vote Wednesday, to renew the CPMF tax on financial transactions, which has been met with numerous delays thanks to...

Frontrunners Swiftly Bag Hydro Concession

The MESA consortium, composed of Odebrecht (17.6%), Furnas (39%), CNO (1%), Andrade Gutierrez (12.4%), Cemig (10%) and a fund run by Portuguese bank Banif, won the Madeir...

Kirchner II Takes Office

Argentina

Cristina de Kirchner took an oath of office Monday in a ceremony held at Argentina's congress to become the country's first woman president. After the swearing in, Kirchn...

Liverpool, DF Line Mexico Offerings

Mexico

Mexican retailer Liverpool is expected to sell MXP3bn-MXP4bn in local 2014 FRNs today via HSBC and Citi. And a MXP3.6bn offering from the Mexico City government is being ...

Madeira Group Plots Loans, IPO for Hydro Project

Brazil

Madeira Energia (MESA), the consortium that Monday won a 30-year concession to build and operate a hydroelectric dam on the Rio Madeira in the Amazon, will seek around BR...

Milano Wrapping up Leveraged Loan

Mexico

Mexican retailer Milano is close to wrapping up a $190m leveraged loan, and gunning for a close by year-end, say bankers close to the transaction. The book is heard to be...

Moody's Rates St Vincent

Caribbean

Moody's has assigned a B1 mark to St Vincent and the Grenadines, the first-ever sovereign ratings for the eastern Caribbean nation. "The ratings balance St Vincent's rela...

Pao de Acucar Real Estate Worth BRL1.8bn, says UBS Pactual

Brazil

Brazilian supermarket operator Grupo Pao de Acucar has properties around the country that have a market value of BRL1.8bn, according to UBS Pactual. The value of those pr...

Uruguay to Buy Back $240m in Global, Local Bonds

Bonds

Uruguay has agreed to buy back the equivalent of $116m of dollar and Euro-denominated sovereign debt and $124m of local government debt. Investors tendered $116m under an...