Latest

Daily Brief

Dec 23, 2011 Issue

Subscriber Notice: Holiday Schedule

This is the last Daily Brief until January 3 2010. Happy holidays to all our readers.

Banco Multiva Preps MXP Issue

Mexico Bonds

Mexico’s Banco Multiva has filed a shelf to issue up to MXP5bn ($361m) in bonds It does not give details about the timing or exact amount of the first sale. Proceeds of t...

BBVA Chile Sees MXP Bond in 2012

Chile Mexico

BBVA Chile is now targeting early next year for its entrance into the Mexican bond market, a deal it had aimed to do this month, says a banker on the deal. The bank hopes...

Brazilian Retailer Returns

Brazil Bonds

Brazilian retailer Marisa Lojas has issued a BRL350m ($188m) 2016 bond that was priced at 111.20% of DI, in line with expectations. The bond amortizes in years 4 and 5. B...

Cencosud Names Retail Finance Head

People Corporate & Sovereign Strategy Chile

Patricio Rivas de Diego has been named head of the retail finance division at Chilean retailer Cencosud following the departure of Roberto Pirozzi Alonso. Marcelo Reyes S...

Citi Leads Loan Banks

Corporate & Sovereign Strategy Loans Bonds

Citi leads the LatAm loan tables heading into the last week of the year, according to Dealogic data. The bank had booked $4.05bn in volume from 20 deals through December ...

Fitch Revises Bonsucesso Outlook to Negative

Brazil Corporate & Sovereign Strategy

Fitch has revised the outlook on Brazilian mid-tier bank Banco Bonsucesso’s B+ to negative from stable. The agency cites lower profits and further pressures on the bank’s...

Fleury Taps Local Market

Brazil Bonds

Brazilian medical services company Fleury has raised BRL150m ($80m) in the domestic bond market through a 2016 that pays DI plus 0.94%. Bradesco acted as lead on the deal...

Goldman Poised to Win M&A Race

Corporate & Sovereign Strategy M&A Bonds

Goldman Sachs is close to winning the top spot for the year on the LatAm M&A tables, according to Dealogic data. This marks an interesting turnaround for a bank that fail...

High Spreads Put Chilean Issues on Hold

Chile Bonds

Several Chilean issuers are holding off domestic bond transactions until next year in the face of comparatively high spreads. For instance, Caja de Compensacion La Arauca...

Mexico's Sare Plans Asset Divestment

Mexico M&A

Mexican homebuilder Sare plans a MXN1.6bn ($115.9m) sale of non-core assets over the coming two years in a bid to pay off debt and finance ongoing projects. Sare sharehol...

Moody’s Considers Upgrade for Net and Embratel

Brazil Corporate & Sovereign Strategy

Moody’s has put cable company Net Servicos’ Ba1 corporate family rating and Brazilian telecom Embratel’s Baa2 on review for possible upgrades as new regulatory changes lo...

PetroLatina to Borrow up to $100m From BNP

Colombia Guatemala Europe

UK-based PetroLatina has secured an up to $100m 4-year revolving credit facility through BNP Paribas, it says. The loan will be used to repay an existing facility with Ma...

Rusoro, Venezuela Extend Compensation Talks

Venezuela M&A

Venezuela has decided to extend a 90-day period for talks with gold miner Rusoro as it decides how much to pay the company for its nationalized assets. The size and form ...