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Daily Brief

Dec 18, 2009 Issue

Ecuador Gets IDB Help for Housing

Bonds Structured Finance

The IDB has approved a $100m loan for Ecuador to support its housing carry out its housing policy and help nearly 30,000 households buy, build, and improve their homes. T...

Freeze on Colombia Rates Expected

Colombia

Market consensus points to Colombia’s central bank keeping its monetary policy rate intact at 3.50% today, although many see a hike coming in 2010. Bank of America Merril...

Banamex Places Local Issue

Economy & Policy

Banamex has sold MXP5bn in 2-year bonds in Mexico’s domestic market. The floating-rate notes pay the TIIE rate, and are the first issuance under a MXP50bn 10-year shelf. ...

BBVA Authorizes Bond Issue Program

Bonds

BBVA Colombia’s board has authorized a bond issue program in which up to COP200trn will be sold in 10 tranches, the bank says in a prospectus filed with the local stock e...

Chihuahua Adds to Road Securitization

Economy & Policy

The Mexican state of Chihuahua has sold MXP1.3bn in ABS backed by highway tolls. The 2022 floating-rate issue pays the TIIE plus 290bp. It is the second from a MXP5.5bn s...

Brazilian Manufacturer Eyes Equity Sale

Brazil

Brazil’s Metalfrio Solutions is planning to sell at least 31m shares through a primary and secondary offer. Such a sale would give proceeds of BRL301m based on its closin...

Brazilian Developer Aims to Sell Another Stake

Brazil

Brazilian real estate company Inpar has requested from regulators authorization to sell additional shares, it says. Inpar did not state how much it plans to raise or give...

Panama Fund Botches Bond Attempt

Panama

Panama has pulled a sale of up to $759.7m in existing global bonds held in a development fund, reversing course due to low bids. The government-backed Fondo Fiduciario pa...

Santander Chile Jumps on Low Spreads

Bonds

Santander Chile has opted to snag low-cost funds from the DCM before year end, reopening its 2012 for $300m. The bank paid a yield of 2.657%, or UST plus 138bp, joining f...

Food Chain Yanks IPO

Equity

International Meal Company (IMC) has pulled an IPO, blaming market conditions, according to bankers on the deal. The offer, scheduled to price yesterday, was from the Lat...