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Daily Brief

Dec 13, 2009 Issue

Punta Cana Airport Secures Funds

Corporacion Aeroportuaria del Este, the company that owns and operates the Punta Cana International Airport in the Dominican Republic, is getting $30m in loans from the I...

Titularizadora Places RMBS

Structured Finance

Mortgage securitizer Titularizadora Colombiana has sold COP117bn in RMBS on the domestic market. The 2019 bond pays 5.70%, according to Titularizadora, and was 2.4x subsc...

Masher Targets Duration Via Sw

Argentina

Argentina’s Mastellone Hermanos is offering a swap to holders of more than $200m of its bonds as it looks to extend maturities. According to regulatory filings, the paren...

Embraer in China Pact

Brazil

Brazil’s Embraer has become the latest LatAm company to engage one of China’s government lenders, through an aircraft financing and leasing agreement from an arm of the C...

Fovissste Places RMBS

Structured Finance

Mexican mortgage lender Fovissste has sold MXP5bn equivalent in domestic RMBS. The 2039 UDI-denominated bonds pay a fixed rate of 5.4%. Banorte, Ixe and BofA-Merrill Lync...

Equity Flows Head for Record Finish

Funds

EM equity funds raked in a net $2.3bn in the week ended December 9, compared to a much weaker $448m in net inflows the previous week, according to EPFR. That brought YTD ...

EM Bond Funds Suck in More Cash

Funds

EM bond funds continued to draw in cash in the week ended December 9, according to EPFR. The asset class attracted net inflows of $317.2m in the period, which left total ...

Equity and Debt Funds Erode Gains

LatAm equity and EM debt funds both lost money in the week to December 10, according to Lipper, which shows both fund classes still enjoying a banner year. LatAm equity l...

Mexico Adds Yen to Funding Arsenal

Mexico

Mexico wants to fund more in yen after selling JPY150bn ($1.7bn) in 2019 bonds to Japanese institutional investors through its first Samurai in nearly 10 years. “We want ...

Foodmaker Readies Secondary Issue

Bonds Corporate & Sovereign Strategy

M Dias Branco, the Brazil-based maker of crackers and pastas that went public in 2006, plans to sell BRL600m worth of shares in a follow-on, according to filings made wit...

Brazil Banks to Get Bond Issuance Option

Brazil

Brazilian banks are close to having the option of issuing tradable debt instruments in the local market. Finance minister Guido Mantega announced a series of economic dev...

Marfrig Gets Bradesco Loan; USD Bonds Wait

Brazil

With a dollar bond waiting in the wings for January, Brazil’s Marfrig Alimentos has signed a $300m 7-year loan from Bradesco. The loan comes with a 2-year grace period, t...

Colombian Bank Upsizes Local Tap

Colombia

Colombia’s Helm Bank has sold COP300bn ($148m)in 4 series of domestic bonds after upsizing from COP200bn on the back of COP920bn in demand. Pricing came well within maxim...

Brazil Wind Faces Key Auction Test

Brazil

Brazil will today auction an estimated 1.0GW-1.5GW of wind power generation capacity in a process seen by local executives as critical to the future of the sector. “This ...