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Daily Brief

Dec 13, 2011 Issue

Abengoa Project Preps Bond Takeout

Mexico Bonds Project & Infrastructure Finance

Abengoa Cogeneracion Tabasco (ACT) is heard to be preparing investor meetings this week via Credit Suisse for an up to $600m senior secured 2032 bond, after Fitch and S&P...

Banamex Plans Debt CCD

Mexico Bonds

Banamex has filed for a new certificado de capital de desarrollo (CCD) issuance in the Mexican market, but with a twist. Unlike most CCDs, this fund will invest in debt r...

Banco de Bogota Brings Debut

Colombia Bonds

By sticking to a shorter tenor and enticing investors with an attractive pickup to rival Bancolombia, Banco de Bogota was able to draw a decent crowd for its debut bond i...

BR Malls Readies Debentures

Brazil Bonds

BR Malls plans to sell BRL300m ($167m) in 5 and 7-year local bonds. It has not given a target interest rate for the two tranches. Proceeds would go to repay existing debt...

Chile Seen Holding Rates

Chile Economy & Policy

Shops, including Nomura, see higher-than-expected inflation in Chile and as a result expect the central bank to hold the country’s benchmark at 5.25%. The bank is schedul...

Entel Signs $200m Loan

Chile Loans

Chile’s Empresa Nacional de Telecomunicaciones has signed a $200m, 3-year bullet loan with Bank of Tokyo-Mitsubishi UFJ and Scotia. The loan pays Libor plus 100bp, which ...

Lazard Names Chile IB Co-Head

People Corporate & Sovereign Strategy Chile

MBA Lazard has named Cristian Bulnes as a managing director and co-head of Chile investment banking. Based in Santiago, Bulnes joins investment banking co-head Andres Som...

Leveraged Hypermarcas Unloads Six Brands

Brazil M&A

Hypermarcas, which has seen its leverage levels rise of late, has decided to divest 6 different brands along with their respective operating assets for a combined BRL305m...

Marisa Preps Domestic Funding

Brazil Bonds

Brazilian retailer Marisa plans to raise BRL350m ($194m) in the local bond market. The 5-year bond is expected to pay interest at up to 111.2% of the DI, and amortize equ...

Quinenco to Market Local Bond

Chile Bonds

Chile’s Quinenco is expected to begin marketing this week an up to UF4.65m ($201m) bond offering in the local market with a view to pricing by month’s end. The holding ve...

Uruguay to Upsize 2028 in Tender’s Wake

Bonds Uruguay

Uruguay will bring its new 2028 bond issue to $2.0bn outstanding, upon completion of an exchange offer and a $275m-equivalent retap that was part of liability management ...

US Operator Buys Telefonica Mexico Towers

Mexico Europe M&A

American Tower, a US operator of telecommunications towers and sites, has agreed to acquire 2,500 telecom towers in Mexico from Pegaso PCS, the Mexican subsidiary of Spai...

Vale Set for Fertilizer Delist

Brazil Equity

Vale has acquired almost 100% of the outstanding shares in Vale Fertilizantes, spending BRL2.078bn ($1.41bn) in a public buyback offer and preparing the way for the event...

Vapores Sets Capital Raise Price

Chile Equity

Chilean shipping and ports company Compania Sudamericana de Vapores has set a $0.2045 per share price for its planned $1.2bn capital increase. Vapores is preparing to iss...