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Daily Brief

Dec 16, 2011 Issue

Banco de Bogota Loan Approaches Finish Line

Colombia Loans

Banco de Bogota is expected to wrap up a $500m 3-year loan today after bringing in a total of 12 participating banks. The borrower is keeping the $500m size despite havin...

Brazilian Toll Road Chooses Public Option

Brazil Equity

Via Bahia Concessionaria de Rodovias has filed to become a public company in Brazil. The operator of 680km of toll roads in the state of Bahia has asked for the initial d...

Cabei Poised to Close Loan

Central America Loans

The Central American Bank for Economic Integration (Cabei) is poised to close a $100m 3.5-year dual-currency loan this week through MLAs and bookrunners Mizuho and HSBC. ...

Colombia Set for Rates Decision

Bonds Corporate & Sovereign Strategy Colombia

Colombia’s central bank is scheduled to decide today whether to alter the 4.75% benchmark interest rate. An eventual raise in the rate is expected, but many analysts pred...

Cosentino Gets Argie Finance Job

People Corporate & Sovereign Strategy Argentina

Adrian Cosentino has been named as finance secretary at Argentina’s economy ministry. Consentino moves up from his position as sub-secretary under Hernan Lorenzino, who w...

EDP Stake Sale Decision Seen In Days

Brazil Europe M&A

Portugal is expected to announce in a matter of days the winning bidder of a 21.35% stake in Energias de Portugal (EDP), and will choose from a group of potential buyers ...

Essal Set for Share Offering

Chile Equity

Chile’s Essal is scheduled to announce pricing today on an up $80m equity offering as government entity Corporacion de Fomento de la Produccion (Corfo) looks to reduce it...

KOF Ups Buying Spree with Queretano Bottler

Mexico M&A

Coca-Cola Femsa (KOF) has acquired the bottling operations of Grupo Fomento Queretano in a transaction worth MXP6.6bn ($479.3m), an indication of further consolidation in...

Oaxaca Prices Domestic Bond

Mexico Bonds

The Mexican state of Oaxaca has raised MXP1.947bn ($140m) through the sale of a domestic bond. The 15-year bond priced at TIIE+135bp, wide of TIIE+125bp-130bp price talk....

PDG Realty Preps CCB Sale

Brazil Bonds

Brazilian developer PDG Realty is preparing to sell BRL250m ($133m) in Cedulas de Credito Bancario (CCB), according to rating agency documents. The 2016 notes will be sec...

SQM Preps Local Debt Issue

Chile Bonds

Chilean chemical company SQM plans to raise up to UF2.5m ($107m) through a domestic bond issue. It will have the option of choosing among 10-year and 30-year UF-denominat...