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Daily Brief

Dec 13, 2007 Issue

Banco Estado Shelves Syndicated Loan

Chile

Chile's Banco Estado, which several weeks ago put out an RFP for a 5-year loan of up to $350m, has postponed launch until early next year due to turbulent market conditio...

Chile's Ripley Plans Follow-On

Chile

Chilean department store Ripley is preparing to auction about 136m new shares Monday, which could raise an estimated $170m. Ripley also plans to offer current shareholder...

Harvard Buys into Gavea

Funds

Harvard Management Company (HMC), which manages the university's $35bn endowment, has purchased a 12.5% stake in Rio de Janeiro-based Gavea Investimentos, marking a signi...

La Yesca Syndication Heads to Retail

Mexico

The lead banks on ICA's $1bn 4.5-year loan to fund construction of the 750MW La Yesca hydroelectric project in Mexico are targeting 6-10 banks in a retail syndication exp...

Mexican Local Debt Expected Today

Mexico

Mexico City's government is expected to launch the sale of MXP3.64bn in local bonds today. The offering via Deutsche Bank and JPMorgan consists of a 20-year fixed and a 1...

More Venezuela Bonds on the Way

Venezuela's government is planning a new dollar-denominated bond issue in the next few days, according to a report in the country's El Universal newspaper. The issue is e...

MPX Raises $1.25bn in IPO

Equity

Brazilian power generation giant MPX priced its IPO Wednesday at BRL1,006.63, just below the midpoint of its BRL935.00-BRL1,111.00, raising BRL1.92bn. If the underwriters...

Perdigao Prices $511m Follow-On

Brazil

Brazilian poultry processor Perdigao priced Wednesday a follow-on of 20m shares at BRL45.00, a 2% discount from the session's close of BRL45.90. The stock traded up Wedne...

Private Equity Group Halves YPF Acquisition to $1bn

M&A

The Argentine private equity group led by the Eskenazi family that is acquiring a stake in YPF, Argentina's largest energy company, has reduced the size of the acquisitio...