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Daily Brief

Dec 06, 2011 Issue

Brazil’s Petros Ups Stake In Marcopolo

Brazil Equity Funds

Petros, the employee pension fund unit for Brazil’s oil company Petrobras, has increased its position in Brazilian bus maker Marcopolo to 15% of the preferred shares. Tho...

Celistics Tests Appetite for New Names

Argentina Bonds

Debut issuer Celistics is venturing forth next week to meet investors amid expectations that it could try its hand in the bond markets. The LatAm consumer electronics log...

Colombia's Exito Expects Full Payment from Venezuela

Colombia Venezuela M&A

Colombia’s retailer Exito has received $72.4m out of a $90.5m payment it is owed from the sale of Venezuela’s Cativen retailer to the Venezuelan government. Exito expects...

Estacio Closes Local Bond

Brazil Bonds

Brazil's Estacio has wrapped up a BRL200m ($112m) 2017 local bond deal. The private educator’s bonds pay the DI+1.6% and amortize twice yearly beginning in 2014. Estacio ...

IMPSA Eyes Array of Funding Options

Argentina Brazil Bonds

Sustainable power generation company IMPSA has recently been leaning on multilateral financing, but it is now looking at a broad array of funding options, including issui...

Investors Take a Shine to PacRu

Peru Bonds Canada

Colombia’s Pacific Rubiales joined other issuers rushing to market Monday when it priced a $300m 10-year NC5 that was upsized by $50m to make room for more accounts after...

Mexico Makes MILA Interest Official

Chile Colombia Mexico

Mexico’s stock exchange has signed a letter of intent to begin studies to join the Mercado Integrado Latinamericano (MILA). The move makes its interest official after sev...

NII Draws Large High-Yield Crowd

Bonds US

NII retapped its existing 7.625% 2021 bonds for $700m, upsizing from an original $500m size. The US-based operator of LatAm wireless assets, reopened the bonds at 98.50 t...

Petrobras Completes Diversification Play

Brazil Europe Bonds

By pricing GBP700m ($1.1bn) 2026 bond Monday, Petrobras wrapped up its foray into the European market as it looks to expand its funding base and ease pressures on its cor...

Santander Chile Set for FO

Chile Equity

Santander Chile is scheduled to price today a secondary share equity follow-on that is expected to raise more than $900m. The Spanish parent is looking to sell the 7.8% o...

Uruguay Raises $1bn, Preps Tenders

Bonds Uruguay

Uruguay has sold UYP19.906bn ($1bn) in inflation-linked 2028 bonds ahead of an exchange offer to be held this week, as the sovereign seeks to de-dollarize its curve, exte...