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Daily Brief

Dec 15, 2011 Issue

Agrosuper Holds Bond until Tuesday

Chile Bonds

Chilean food products company Agrosuper has pushed back to Tuesday its local bond as various factors conspire to slow down an up to UF5m ($235m) offering that was expecte...

Antofagasta Offers Chile Mining Stake to Marubeni

Chile M&A

Chile’s Antofagasta has agreed to sell a 30% stake in the Antucoya copper venture to Japan’s Marubeni for $350m. The companies signed a memorandum of understanding which ...

BBVA Bancomer Reshuffles Top DCM Post

People Corporate & Sovereign Strategy Mexico

Ricardo Cano is heard leaving his position as BBVA Bancomer’s credit market head, with talk pointing to former UBS banker Antonio Castano as his possible replacement. Cas...

Corpbanca Put On Watch Negative

Chile Corporate & Sovereign Strategy

Fitch has placed Corpbanca’s foreign and local currency long-term issuer default ratings (IDR) on watch negative as a result of its recent Banco Santander Colombia acquis...

Fovissste Cuts Ribbon on New RMBS

Mexico Bonds Structured Finance

Mexican government housing agency Fovissste has sold MXP4.309bn ($309.8m) in domestic inflation-linked bonds backed by mortgage loans. The 30-year UDI-denominated notes p...

ING Sheds LatAm Jobs

People Corporate & Sovereign Strategy Mexico

ING has shed jobs across its LatAm trading, research and DCM groups as the bank moves to comply with Basel III rules and set aside money for capital requirements, says a ...

Loan Syndicator Joins IDB

People Corporate & Sovereign Strategy

Jan Weiss has joined the Inter-American Development Bank (IDB) to be a lead syndication officer focusing on infrastructure. She will report to Jozef Henriquez, head of th...

Norwegian PBR Contractor Plans Brazil IPO

Brazil Equity

Seabras Servicos de Petroleo, a Brazilian unit of Norway’s Seadrill, has filed with local regulators to issue an IPO. The owner of 3 drillships with long-term Petrobras c...

Oi to Dial Up Local Jumbo

Brazil Bonds

Brasil Telecom, the unit of Oi that is to become the opco for all Telemar operations, is readying a BRL1bn-BRL3bn ($532m-$1.60bn) domestic bond issue. It is expecting a 6...

Petrochem Co Readies USD-Linked Debentures

Brazil Bonds

Brazil’s Petropar is preparing to sell $210m-equivalent in domestic bonds with principal indexed to dollars. The 5-year bonds are expected to pay 9.25% and will be issued...

Televisa Inks Spanish Equity Swap

Mexico Europe M&A

Mexico’s Televisa has agreed to swap its 40.8% participation in Spain’s national broadcaster La Sexta for 14.5% of Spanish media holding company Imagina. The transaction ...