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Daily Brief

Dec 14, 2010 Issue

AA 2000 Seen Landing With 11 Handle

Argentina Bonds

Aeropuertos Argentina (AA 2000) is likely looking at a yield in the neighborhood of 11% for a new 2020 bond, according to investors following the process. Such a level wo...

Banco de Chile Heard Launching Loan

Chile Loans

Banco de Chile is looking to borrow a $150m 3-year syndicated loan via Standard Chartered and Wells Fargo, according to bankers with knowledge of the transaction. The ban...

Cemex Meets the Buyside

Mexico Europe Equity

Cemex is set to wrap up today a US and European “non-deal” roadshow. The tour, to update investors following is most recent numbers and the reworking of bond covenants in...

CFE Prices Tight MXP Bonds

Mexico Bonds

CFE on Monday issued MXP450m of August 2013 bonds 15bp tight to guidance, according to a banker at sole bookrunner Ixe. The deal generated demand of 1.5x the amount sold ...

Correction: Fitch Chops Javer to B Minus

Mexico Corporate & Sovereign Strategy

A December 13 Daily Brief entitled “Fitch Chops Javer to B Minus” incorrectly states the nature of the move. Fitch downgraded the firm’s issuer default rating to B (stabl...

EPM to Issue COP350bn in Bonds

Colombia Bonds

Colombian utility Empresas Publicas de Medellin (EPM) is set to price today a COP350bn bond issue from an up to COP500bn tranche of a COP2trn local program. It will sell ...

Espirito Santo Bags $175m Transport Loan

Bonds Structured Finance Brazil

The state of Espirito Santo in Brazil will receive a $175m loan from the IDB to improve ground freight and passenger transportation on its highways. The loan is for a 25-...

GMAC Wraps Up Brazil ABS Sequel

Brazil Structured Finance

Banco GMAC Brasil has closed a BRL200m securitization using the FIDC structure, a follow-up to its first such Brazilian deal, which priced last year. The lender sold a 2-...

Homebuilder Readies Debentures

Brazil Bonds

Inpar is preparing to sell BRL300m in 5-year debentures in the local market, according to Moody’s, which rates the deal Baa2 on a national scale. The Brazilian homebuilde...

Lojas Renner Closes FIDC

Brazil Bonds Structured Finance

Brazil’s Lojas Renner has closed a BRL350m domestic ABS using the FIDC structure. Units from the 2013 deal pay the DI rate plus 1.2% and are backed by the retailer’s cred...

Mexican Lender Gets Debt CCD

Mexico Bonds

Mexican specialty finance institution Navix has closed a MXP4bn infrastructure-focused certificado de capital de desarrollo (CCD) transaction, the first such deal to focu...

S&P Batters Lupatech Rating

Brazil Corporate & Sovereign Strategy

Lupatech’s perpetual notes have been downgraded by S&P to CCC from B minus, with a stable outlook. The rating action is a result of persistently weak operating results be...