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Daily Brief

Dec 17, 2010 Issue

Aeropuertos Bonds Seen Taking Off

Argentina

The 2020 bond from Aeorpuertos Argentina 2000 sold Wednesday should have at least 2.4 points of upside, Barclays says in a report. The shop notes the bonds hit 104.5 in s...

Maxcom Rating Hits Rating Danger Area

Mexico

Moody's has downgraded the ratings of Mexico-based telephone company Maxcom’s corporate family and senior unsecured debt to Caa1 from B3. The outlook is negative. The cut...

Julio Simoes Bonds Get BB Minus

Brazil

Fitch has assigned a BB minus rating to the proposed 2016 BRL250m debentures of Brazilian logistics company Julio Simoes. The outlook is stable. The ratings reflect the c...

Advent Opening Bogota Office

Funds

Global PE firm Advent International is opening an office in Bogota in January, says managing partner Patrice Etlin. Although he still expects Advent's LatAm investments t...

Chile Tightens Policy Rate

Chile

As expected, Chile's central bank tightened its rate by 25bp to 3.25%, citing a favorable evolution in industrial activity, consumer demand and employment rates and a low...

Exploraciones Seeks Bond Buyback

Mexico

Mexico’s Exploraciones y Perforadora Central is planning to buy back 2 series of export ship financing bonds, it says. It is seeking to retire the bonds, using cash on ha...

Tecnisa Plans Follow-On

Brazil

Brazilian real estate developer Tecnisa plans to raise about BRL500m through the sale of additional shares, it says. Tecnisa hopes to increase the liquidity of its shares...

Compartamos Extends Exchange Offer

Mexico

Mexican micro lender Banco Compartamos has extended to December 23 from December 16 its offer to swap shares in is operating company for shares in its holding company, it...

Samarco Closes $400m Loan

Brazil

Brazilian iron ore miner Samarco is heard to have closed a $400m 5-year club deal this week, according to bankers with knowledge of the transaction. SMBC, HSBC, BNP, RBS ...

Ruta del Sol Gets Funds

Colombia

Ruta del Sol has received a project finance syndicated loan for $763m equivalent in Colombian pesos from a group of lenders, via la Corporacion Financiera Colombiana, say...

CONMEX Lands MXP2bn Funds

Mexico

Concesionaria Mexiquense (CONMEX) on Wednesday said it signed a 16-year MXP2bn contract for a subordinated loan. The loan to the subsidiary of OHL Mexico, a transport inf...

Cuautitlan Izcalli Bags Interacciones Loan

Economy & Policy

The Municipality of Cuautitlan Izcalli will receive a MXP71.5m 15-year enhanced loan from Interacciones. The loan will pay a spread of 235bp over TIIE and is payable thro...

Fleury Acquires Labs D’Or

M&A

Grupo Fleury has acquired Labs D’Or for BRL1.04bn in a cash and stock transaction. According to the Brazilian lab company, the acquisition will be paid 50% in cash and 50...

DIRECTV Takes 18.9% of SKY Brasil

DIRECTV has acquired an 18.9% stake in SKY Brasil for $604.8m, bringing its total ownership to 93%, according to the company. DIRECTV, the US-satellite TV company, acquir...

FedEx Acquiring Mexico's MultiPack

Mexico

US-based shipping company FedEx says it is buying Mexican express package delivery company MultiPack for an undisclosed price. MultiPack operates in all 31 Mexican states...

Droga Raia IPO Hits Top of Range

Equity

LatAm’s last IPO of the year, Droga Raia, has priced a BRL655m IPO, the first Brazil float of the year to land at the top of its range. The Brazilian drugstore chain pric...

Brazil Stimulates Local Debt Market

Brazil Bonds

Brazil’s government enacted several changes aimed at stimulating the local debt markets. Among the announced changes, the IOF tax on debentures will be eliminated. This d...