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Daily Brief

Dec 09, 2009 Issue

Brazil Seen Keeping Rates on Ice

Brazil

Morgan Stanley says Brazil’s central bank should once again stay on hold today and keep the policy interest rate unchanged at 8.75%, in line with consensus. “The central ...

Mexico Hedges 2010 Oil

Mexico

Mexico’s finance ministry says it has established a new oil revenue hedging program for 2010 at $57 a barrel after having received $5bn from a 2009 program, which guarant...

Sonda Logs Local Bond Sale

Chile

Chilean IT company Sonda says it has registered with the local regulator a 25-year bond issue for UF3m ($124m). Proceeds will be used to finance the company’s expansion p...

Rede Lights Roadshow; Natura Tees Up Issue

Brazil

Brazilian electricity distribution holding Rede Energia’s roadshow to promote a BRL370m ($213m) 5-year non-convertible bond issue has taken off and is scheduled to end on...

Arca Uncaps MXP Issue

Economy & Policy

Mexican bottler Embotelladoras Arca has sold MXP2.5bn in domestic fixed and floating-rate bonds. A MXP2.1bn 5-year tranche pays TIIE plus 95bp, while a MXP400m 7-year pie...

Parana Banco Hits Road With 2012 Bond

Brazil

Parana Banco will try to give investors one last mid-sized Brazilian bank bond by year-end. The paycheck deductible loan specialist will hold December 14-16 a US, Europea...

Digicel Calls Close to 100% in Buyback

Caribbean

Digicel has accepted for purchase $437.8m (97.3%) of the $450.0m in 9.25% of 2012 notes it aimed to buy back in a tender offer. The Caribbean telecom launched the offer N...

Anhanguera Issues FO Shares Amid Weakness

Brazil

Brazilian educational company Anhanguera Educacional has issued 29.00m units at BRL22.50, a 1.7% discount to the last trade before pricing of BRL22.90. The BRL653m deal, ...

Sigma Lays Table for 10-Year Money

Mexico

Mexico’s Sigma Alimentos is expected to launch and price a $250m 10-year bond today. The food products unit of Grupo Alfa gave 350bp area guidance Monday, but was heard s...

Homex Nails Bond in Full Mexican Field

Mexico

Homex has sold $250m in 2019 bonds, becoming the third Mexican Homebuilder this year to take advantage of high-yield appetite. The Ba3 /BB minus rated issuer priced at 98...

Cemex Cements Bond Goalposts

Cemex has issued yield guidance for its euro and dollar bond offering expected to price as soon as today. The 7-year NC4 USD tranche, expected at $500m-$1bn, will pay 9.7...

BR Properties Reignites IPO Talk

Equity

After shelving plans to go public in October 2007, BR Properties (BRP) is heard close to re-launching an IPO. A person familiar with the move says the plans to take the c...