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Daily Brief

Dec 08, 2009 Issue

Hypermarcas Continues Shopping Spree

Brazil

Brazilian consumer products company Hypermarcas has continued its shopping spree, acquiring generic medication maker Laboratorio Neo Quimica for BRL1.4bn. Hypermarcas wil...

Fitch Upgrades ALL Ratings

Brazil

Fitch has upgraded the ratings of Brazil-based America Latina Logistica (ALL) and its subsidiaries and kept the outlook stable. The IDR of ALL was lifted to B+ from BB mi...

Bolivia to Keep Policy Trend: Fitch

Andean

Reelected Bolivian president Evo Morales’ is likely to maintain the current economic policy orientation, based on an increasing role of the state in the economy and an ex...

Chihuahua to Re-Tap Toll Road Securitization

Mexico

The Mexican state of Chihuahua is planning to raise MXP1.3bn in ABS backed by highway tolls. The 2022 floating-rate issue would be the second from an MXP5.5bn shelf and f...

CBD Readies Bond Issue

Brazil

Brazilian retailer CBD, the parent of Pao de Acucar, says in a filing that it is planning to issue BRL500m in non-convertible debentures due 2014. The notes will pay an a...

Walmex Buys CentAm Counterpart

Mexico

Mexican Wal-Mart operator Walmex says it is acquiring Walmart Centroamerica for about $2.7bn. It will pay MXP1.4bn in cash and will issue around 600m shares to pay the re...

Barclays Readies Brazil Hiring Spree

Brazil

Brazil-based bankers say Barclays is aggressively scouting for local talent and likely to be one of the biggest hirers of 2010 in the country. The firm has appointed head...

CIE Wraps-up Restructure

Mexico

Mexican gaming operator CIE has agreed with bank and bond creditors to restructure MXP5.6bn, it says, pushing out maturities by 5 years. Three classes of local bonds – a ...

Cemex Pours Euros Into Mix

Mexico

Cemex plans has added EUR300m in Euro-denominated bonds to its benchmark-sized dollar sale now roadshowing. The additional tranche, like the first, is a B+/B rated 2017 N...

Posadas Tours “Non-Deal”

Mexico

Mexico’s Grupo Posadas is set to begin today a “non-deal” roadshow to meet with fixed-income investors. The B2/B+ hotel operator begins in Los Angeles, and will hit New Y...

Sigma Shoots for 350bp Range

Mexico

Mexico’s Sigma Alimentos has issued price guidance of US treasuries plus 350bp area on a $250m 10-year bond. The BBB minus rated food products unit of Grupo Alfa is expec...

Mexico Prolongs Junk Bond Fiesta

Mexico

Mexican high-yield issuers refuse to grant the buyside its usual sleepy end of year. Fallen blue-chip Cemex is tempting investors with spread, while the country’s smaller...

Anhanguera to Sell Units in Follow-On

Brazil Equity

Brazil’s Anhanguera Educacional is scheduled to price today a sale of 29m units, each of which represents 6 preferred shares and 1 ordinary share. The deal can be increas...

Retail Merger Sparks CVM Probe

M&A

A deal announced last week to merge the operations of Casas Bahia, a Brazilian retailer, into a CBD’s Globex, has raised red flags at the CVM, which appears to be prepari...