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Daily Brief

Dec 12, 2011 Issue

Brazil Pharma Readies Share Split

Brazil Equity

Brazil Pharma is preparing a one-for-two share spilt, and will put the matter to a shareholder vote December 23. The BTG Pactual-controlled retail pharmaceutical operator...

CFE Puts Local Trade to Bed

Mexico Bonds

Mexico’s Comision Federal de Electricidad (CFE) has sold a MXP1.358bn in ($100m) floater in the domestic market. The 4-year notes priced at TIIE+35bp, in line with guidan...

EM Debt Funds See Inflows

Funds Bonds

A total of $163m flowed into EM bond funds in the week ended December 7, according to EPFR. The class saw a 0.02% gain for the week ending December 8 for a 1.98% increase...

Hospital Targets BRL Bond

Brazil Bonds

D’Or Sao Luiz, a Hospital chain controlled by BTG Pactual, plans to raise BRL650m ($360m). The 2018 bonds will pay the DI rate plus up to 2.3%. Proceeds are to be used fo...

LatAm Gains Help Offset EM Equity Outflows

Funds Equity

LatAm equity funds booked inflows of $48m in the week ended December 7, according to EPFR. This helped offset losses in other regions which contributed to $159m of outflo...

Sabesp Plans Local Debt Issue

Brazil Bonds

Sao Paulo water utility Sabesp plans to raise funds in the local bond market. A BRL850m ($470m) debenture has been approved to repay debt maturing in 2012. It does not ye...

Batista Adds to Sport Entertainment JV

Brazil M&A US

Brazil’s EBX and global sports and media company IMG Worldwide have purchased sports agency Brasil 1 Sports and Entertainment for their recently created entertainment joi...

City of Lima Sounds US Accounts

Peru Bonds

The City of Lima has been sounding out the US buyside about an international bond, says one investor who has talked to municipal officials about such a possibility. Citig...

Hopes Run High for Local Chilean Bond Surge

Chile Bonds

More international borrowers, as well as Chilean names with a foreign presence, are set to tap the country’s bond markets in 2012, a year that could see a surge in new is...

Mexico’s Alsea Grabs Italian Chain

Mexico M&A

Mexican food and beverage franchise operator Alsea has purchased Italcafe, the parent company of Mexico’s Italianni’s restaurant franchise, in a transaction valued at MXP...

OSX Preps $3bn in Project Financing

Brazil Bonds Loans

Brazil’s OSX is preparing some $3bn-plus in financing for 5 FPSO and wellhead platform projects, says Roberto Monteiro, the company’s CFO. The borrower has typically reso...