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Daily Brief

Dec 12, 2007 Issue

TGN Plots Bond Sale (1)

Argentina

Argentina’s Transportadora de Gas del Norte plans to submit for approval a bond program of up to $400m, it told shareholders in a filing Tuesday. The program will be subm...

Enersis Preps Local Bonds (1)

Chile

Chilean utility holding company Enersis has filed to issue about $487m in local UF-denominated bonds. The company did not give a timeframe for the bond sale, with which i...

Brazilians File Debenture Issues (1)

Brazil

Usiminas is seeking shareholder approval for a program to issue debentures of up to BRL2bn. The program will help the company finance an investment plan through 2012. Fir...

Arcelor Adds Argentine Steel Company (1)

Argentina

Steelmaker ArcelorMittal dropped another South American firm in its shopping cart, agreeing to acquire Argentina's M.T. Majdalani y Cia. for an undisclosed price. The dea...

Brascan Buys Brazilian Mall Portfolio (1)

Brazil

Brookfield Asset Management’s retail property fund Brascan Brazil Real Estate Partners has agreed to acquire a portfolio of Brazilian shopping centers from Malzoni Invest...

Moody’s to Review JBS

M&A

Moody's has placed Brazilian meat producer JBS under review for possible downgrade, following concerns about the company's fast-paced acquisition strategy while it straig...

Another Change at INDEC (1)

Argentina

Beatriz Paglieri, the head of price measurements at INDEC, Argentina’s economic statistics bureau, has been removed in an apparent attempt by the new president to wipe th...

Another Change at INDEC

Argentina

Beatriz Paglieri, the head of price measurements at INDEC, Argentina's economic statistics bureau, has been removed in an apparent attempt by the new president to wipe th...

Arcelor Adds Argentine Steel Company

Argentina

Steelmaker ArcelorMittal dropped another South American firm in its shopping cart, agreeing to acquire Argentina's M.T. Majdalani y Cia. for an undisclosed price. The dea...

Argentina’s Aluar Raising $150m Loan

Loans

Argentine aluminum company Aluar is in the market with a $150m 3.5-year loan at Libor plus 115bp, according to bankers close to the deal. The loan is secured by receivabl...

Argentina's Aluar Raising $150m Loan

Loans

Argentine aluminum company Aluar is in the market with a $150m 3.5-year loan at Libor plus 115bp, according to bankers close to the deal. The loan is secured by receivabl...

Brascan Buys Brazilian Mall Portfolio

Brazil

Brookfield Asset Management's retail property fund Brascan Brazil Real Estate Partners has agreed to acquire a portfolio of Brazilian shopping centers from Malzoni Invest...

Brazilian Issuers Bring $3.8bn in Equity

Brazil

Between today and next Monday, four Brazilian equity deals worth up to $4bn are slated to price, marking a grand close to a big LatAm equity year. Despite general disappo...

Brazilian Issuers Bring $3.8bn in Equity (1)

Brazil

Between today and next Monday, four Brazilian equity deals worth up to $4bn are slated to price, marking a grand close to a big LatAm equity year. Despite general disappo...

Brazilians File Debenture Issues

Brazil

Usiminas is seeking shareholder approval for a program to issue debentures of up to BRL2bn. The program will help the company finance an investment plan through 2012. Fir...

Enersis Preps Local Bonds

Chile

Chilean utility holding company Enersis has filed to issue about $487m in local UF-denominated bonds. The company did not give a timeframe for the bond sale, with which i...

LatAm Hit by Fed Move

Mexico

Latin American indices closed lower Tuesday across the board as the market reacted poorly to a stingy 25bp rate cut from the Fed. Mexico’s Bolsa led the losses with a 2.7...

LatAm Hit by Fed Move (1)

Mexico

Latin American indices closed lower Tuesday across the board as the market reacted poorly to a stingy 25bp rate cut from the Fed. Mexico's Bolsa led the losses with a 2.7...

Liverpool Taps Local Market for MXP4bn

Economy & Policy

Mexican retailer Liverpool has priced MXP4bn in 2014 floating-rate notes at TIIE plus 4bp, the high end of an expected MXP3bn-MXP4bn range. The books were oversubscribed ...

Liverpool Taps Local Market for MXP4bn (1)

Economy & Policy

Mexican retailer Liverpool has priced MXP4bn in 2014 floating-rate notes at TIIE plus 4bp, the high end of an expected MXP3bn-MXP4bn range. The books were oversubscribed ...

Moody's to Review JBS

M&A

Moody's has placed Brazilian meat producer JBS under review for possible downgrade, following concerns about the company's fast-paced acquisition strategy while it straig...

TGN Plots Bond Sale

Argentina

Argentina's Transportadora de Gas del Norte plans to submit for approval a bond program of up to $400m, it told shareholders in a filing Tuesday. The program will be subm...