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Daily Brief

Dec 17, 2009 Issue

Brazil Homebuilder Plots CP

Brazil

Brazilian homebuilder Rodobens Negocios Imobiliarios palns to issue BRL100m in promissory notes, it says. The 360-day paper pays 113% of DI. Bradesco is coordinating the ...

BNDESpar Closes Local Bond

Brazil

BNDESPar has closed its BRL1.25bn domestic bond sale, following final regulatory approval. The investment arm of the BNDES development bank has sold a BRL640m 2013 tranch...

S&P Boosts AmBev

S&P has raised AmBev’s credit rating to BBB+ from BBB, it says, based on the brewer’s ability to maintain consistent results through difficult economic cycles. The outloo...

Argentina Files $15bn Shelf

Argentina

Argentina has taken its first concrete step to address holdout creditors and eventually return to the international markets by filing a $15bn debt shelf with the SEC. The...

Peru Scores High Grade Hat Trick

Peru

Moody’s has raised Peru’s credit rating to Baa3 from Ba1, becoming the third agency to assign an investment-grade rating to the sovereign, more than a year after S&P and ...

Wind Sponsors Clamor for Visibility, Support

Brazil

With the Brazilian energy sector charged up from a seemingly favorable result in Monday’s wind power auction, sponsors are calling for better government support and long ...

Multilaterals Shell out Big for Wind

Bonds Structured Finance

The BNDES and the IDB have announced credit lines totaling $580m to support separate wind power initiatives in Brazil and Mexico. In Brazil, IMPSA Wind, the wind generati...

Loma Negra Cements A/B Loan

Bonds Structured Finance

Argentine cement producer Loma Negra has obtained a $125m A/B facility with the IDB and a group of banks to help it expand its capacity and invest in environmental projec...

TAM Miles Unit Plans IPO

Equity

Multiplus, the company that runs a brand loyalty program for TAM, as well as other Brazil-based brands, has filed for an IPO with the CVM. The deal is set to be led by BT...

Exito Preps Share Sale for Peer Purchase

Colombia

Colombian Retailer Almacenes Exito plans to issue $111m in shares to minority shareholders of fellow retailer Carulla Vivero to help finance the purchase of the 22.5% sta...

Brazil Adds Asian Buyers to Retap

Brazil

As anticipated, Brazil increased its 2019 bond retap to $525m through the sale of a $25m greenshoe to Asian investors. Brazil sold $500m Tuesday, retapping the 5.875% cou...

Homex Sees Mexico Consolidation

Mexico

The lingering effects of Mexico’s recession should create buying opportunities for the country’s largest homebuilders next year. “There will be lots of opportunity for co...