Latest

Daily Brief

Dec 21, 2011 Issue

Agrosuper Raises Local Bond

Chile Bonds

Chilean food products company Agrosuper has sold UF5m ($215m) in domestic bonds, it says. The 21-year bonds priced at 89.76 with a 3.8% coupon to yield 4.78%. Banchile an...

Brazil’s Pine Closes Islamic Deal

Brazil Loans

Brazil's Banco Pine has closed a $37.5m loan from Saudi Arabia's Al-Rajhi Bank, in what it says is the first Islamic funding for a Brazilian bank. An IR official at the m...

Brazil's ALL Inks Iron Ore Logistics JV

Brazil M&A

Brazilian railway operator America Latina Logistica (ALL) has struck an iron ore logistics joint venture with Triunfo Participacoes e Investimentos, a highway and ports o...

Fitch Drops Hypermarcas Outlook

Brazil Corporate & Sovereign Strategy

Fitch has lowered the outlook on Hypermarcas’ BB rating to negative from stable, it says. The Brazilian consumer products company’s leverage is the main problem, followin...

Fitch Revises Cyrela Outlook to Negative

Brazil Corporate & Sovereign Strategy

Brazilian real estate developer Cyrela has seen its BB ratings outlook revised to negative from stable by Fitch. The agency cites the company’s “loss of profitability and...

Homex Lowered by S&P

Mexico Corporate & Sovereign Strategy

Mexican homebuilder Desarrolladora Homex has seen its ratings lowered by S&P, to B+ from BB minus. S&P cites Homex’s performance as “below our expectations, on greater le...

Inbursa Eyes Second Local Bond

Mexico Bonds

Mexico’s Banco Inbursa is considering issuing an additional MXP2bn ($145m) in 2-year floating-rate notes in the domestic market next week, in addition to the MXP3bn sale ...

Isolux Wraps up BRL Bond

Brazil Europe Bonds

The Brazilian unit of Spain’s Isolux has completed a BRL140m ($76m) domestic bond transaction, according to Anbima. Isolux Energia e Participacoes will pay the DI+5.35% o...

LatAm DCM Volumes Hit Record Levels

Corporate & Sovereign Strategy Bonds

LatAm local and cross-border DCM volumes hit a record $125.4bn year to December 16, exceeding last year's high water mark of $124.0bn. It is a similar story with internat...

Retailer Luiza Readies Domestic Issue

Brazil Bonds

Magazine Luzia, the Brazilian retailer that held an IPO earlier this year, plans to raise BRL200m ($108m) in local bonds, it says. The 2014 note should pay up to 113% of ...

UK PE Enters Brazil with Cable Buy

Brazil Equity

Private equity firm 3i has spent BRL100m ($54m) to acquire a minority stake in cable TV and broadband company Blue Interactive Group, marking the private equity firm’s fi...