Latest

Daily Brief

Dec 07, 2011 Issue

Argentine Miner Set for Canada Dual Listing

Argentina Europe Equity

Argentina-based miner Patagonia Gold plans to list on the Toronto stock exchange December 7, after receiving final approval. Its shares will continue to trade on the AIM ...

Banco de Chile Prices MXP Debut

Chile Mexico Bonds

Banco de Chile has raised MXP1.5bn ($111m) in a Mexican domestic bond market debut, pricing a 3-year bond at TIIE+ 60bp. With this transaction, the bank becomes the third...

Brazilian Beauty Startup Targets IPO

Brazil Equity

Intercosmetic Holding, a shell company founded last year to make investments in Brazil’s health and beauty sector, has started the registration process to become a public...

Cash-Hungry Santander Sells Colombia Unit

Bonds Structured Finance Chile

Chile’s CorpBanca has agreed to acquire nearly all of Santander’s Colombia unit, in a deal valued at $1.225 billion plus interest. The move marks a substantial sale for t...

Infonavit Talks Price on MXP RMBS

Mexico Bonds Structured Finance

Mexico’s Infonavit is looking to pay 4.5% on 28-year UDI-denominated RMBS, scheduled to price Thursday. The state mortgage lender wants to issue up to MXP1.1bn ($82m) in ...

JBS Outlook Revised to Stable

Brazil Corporate & Sovereign Strategy

Moody’s has revised the outlook on JBS’ B1 rating to stable from positive. The move “reflects Moody's expectation that JBS´s credit profile is not likely to improve suffi...

Lorenzino Named Economy Minister

People Corporate & Sovereign Strategy Argentina

President Cristina Kirchner has named finance secretary Hernan Lorenzino as the economy minister for her second term. He replaces Amado Boudou, who becomes her vice presi...

Mexichem Rebuffed As It Ups Offer For Wavin

Mexico Europe M&A

Mexichem has improved an unsolicited offer for Dutch pipemaker Wavin, but saw the move rejected by the target company. The Mexican petrochemical company offered EUR9.00 i...

PacRu Launches Exchange Offer

Colombia Bonds Canada

Pacific Rubiales has launched an offer to exchange any and all of its outstanding 8.75% 2016 bonds for new 7.25% 2021s. Holders will receive $1,150 cash per $1,000 princi...

Peru Seen Holding Rates

Peru Economy & Policy

Peru’s central bank is expected to hold its benchmark rate at 4.25% at the policy meeting today. Though 12-month inflation numbers are above-target, concerns about stalli...

Rabobank Set for Chile Bond

Chile Europe Bonds

Dutch bank Rabobank has revived plans to issue bonds in Chile’s local markets, this time targeting an up to UF2m in 5-year bullet. The bank had been initially eyeing a sa...

Recope Preps CDB Loan

Costa Rica China Loans

Costa Rica’s Recope and the China Development Bank (CDB) are working on a 15-year $800m-$900m syndicated loan with a 3-year grace period arranged by CDB to fund improveme...

T&T Approved for IDB Loans

Bonds Structured Finance Trinidad & Tobago

Trinidad and Tobago has been approved for $130m in loans from the IDB, with $80m of it earmarked for climate change assessment and framework development and $50m for enha...

Uruguay Launches Tender Offer

Bonds Uruguay

Uruguay has launched an exchange offer targeting its $1.23bn outstanding in 5.0% inflation-linked 2018 bonds and several series of expensive USD and EUR denominated notes...