Latest

Daily Brief

Dec 20, 2010 Issue

No Rate Cut Seen for Mexico

Banxico's latest survey of analyst expectations shows that the market is not expecting a cut in the monetary policy rate. Analysts also upgraded their forecasts for real ...

EM Bond Get Inflows

EM bond funds received $341m in inflows in the week ended December 15, snapping a 3-week outflow streak, the first since Q1 09, as flows into funds with hard currency man...

Colombia Keeps Rates Steady

Colombia

Colombia's central bank kept its rate on hold at 3.00%, in line with market expectations. The bank says inflation will end 2011 at 3.00% or lower, higher than its previou...

IFC Financing Jamaica Power Company

Caribbean

The IFC says it has arranged a $99m financing package for West Kingston Power Partners in Jamaica. The IFC is providing $22m. The remaining $77m is a syndicated loan. Fol...

Jamaica Gets IDB Financing

Bonds Structured Finance

The IDB is extending a $200m loan to Jamaica. The loan will be used to strengthen the country’s fiscal policy. This is the second loan the IDB has granted Jamaica this ye...

Drogasil Plans Share Split

Brazil

Brazil’s Drogasil is planning a 3-for-1 share split, it says. The split was to be reflected in trading today, and done through the distribution to holders of 2 additional...

HydroChile Closes Loan

Chile

HydroChile on Friday closed a $120m, 14-year club loan through Banco Espirito Santo to help fund construction and operation of a $220m hydro plant. Credit Agricole, BES, ...

Dasa Set for $218m Buyback

Brazil

Diagnosticos da America (Dasa) plans to buy back $218m (87%) of its outstanding 2018 bonds, it says, following the closing of a tender offer. The Brazilian medical diagno...

Colombia's TGI Gets Citi Funding

Funds

Colombia's Transportadora de Gas Internacional (TGI), a unit of Grupo Energia de Bogota, has received a $400m cash infusion from Citi Venture Capital International (CVCI)...

Alfa Signs Oversubscribed Loan

Mexico

Mexican conglomerate Alfa Friday signed a $600m 3-year syndicated loan, according to bankers with knowledge of the transaction. Credit Suisse and HSBC are the leads on th...

JBS Reported Stalking Sarah Lee

Brazil

Sara Lee is considering selling itself to Brazilian meat producer JBS, according to the Wall Street Journal, which cites sources familiar with the situation. Based on Sar...

Anhanguera Educacional Buys Plinio Leite

Brazil

Anhanguera Educacional has acquired Sociedade Educacional Plinio Leite, for BRL56.9m in cash and BRL11.7m in assumed debt. The target operates Centro Universitario Plini...

Mexichem Shops in the US

Mexico

Mexico-based chemical company Mexichem says it is acquiring US-based plastic compounding business AlphaGary for $300m in cash. The seller, Rockwood Holdings, will use pro...

Navix Plots CCD Fund ABS

Mexico

Following last week’s closing of a MXP4bn certificado de capital de desarrollo (CCD) transaction, Mexican specialty finance institution Navix is planning to securitize th...

EM Equities Inflow Streak Continues

Equity Funds

EM equity funds have extended their current inflow streak to 29 straight weeks. They remain firmly on course to set a new yearly record, says EPFR Global. In the week end...