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Daily Brief

Dec 10, 2012 Issue

Correction: Mexican Pepsi Bottler to Sell Shares

A December 7 Daily Brief titled “Mexican Pepsi Bottler to Sell Shares” incorrectly identified an equity offering from Grupo Embotelladoras Unidas (Cultiba). It is a follo...

Banco De Bogota Gets Upgrade

Colombia Corporate & Sovereign Strategy

Fitch has upgraded Banco de Bogota's rating to BBB from BBB minus, it says. The move is driven by the bank’s sustained sound performance and solid balance sheet while suc...

BR Properties Raises Domestic Bond

Brazil Bonds

BR Properties has raised BRL500m ($240m) in Brazil’s domestic bond market, it says. The real estate manager’s 2014 debenture pays DI+0.64%, landing inside of DI+0.71% exp...

Bunge Unloads Brazil Fertilizer Assets

Brazil Europe M&A

Bunge has agreed to sell its fertilizer operations in Brazil to Norway’s Yara International for $750m cash, the companies say. The deal is consistent with M&A trends in t...

Domestic Buyers Fuel Equatorial Sale

Brazil Equity

Brazil’s Equatorial Energia has priced a BRL1.42bn ($683m) equity follow-on, exercising its full overallotment in a deal heard multiple times oversubscribed. The transact...

EM Debt Inflows Continue

Funds

EM dedicated bond funds saw $1.02bn of inflows during the week ended December 5, according to EPFR. In terms of performance, the asset class was up 0.70% during the week ...

EM Equity Funds Take in Net Flows

Funds

EM equity funds saw $3.32bn in net inflows and LatAm equity funds had $26m in net inflows during the week ended December 5, according to EPFR. In terms of performance, La...

Endesa Tweaks Enersis Follow-on

Chile Equity

Spain’s Endesa has set new terms for the controversial equity follow-on it has been preparing for its Enersis unit, resulting in a new CLP2.84trn ($5.96bn) valuation size...

Ingevec Changes CEOs

People Corporate & Sovereign Strategy Chile

Ingevec has named Rodrigo Gonzalez as CEO, it says, replacing Enrique Besa, who moves to become chairman of the board. Gonzalez has been with the Chilean construction and...

Interaciones Readies MXP Sub Debt

Mexico Bonds

Mexico’s Banco Interacciones is looking to issue up to MXP700m ($54m) in subordinated bonds in the domestic market on December 13, according to investors following the pr...

Logistics Operator Eyes Debentures

Brazil Bonds

Tegma Gestao Logistica is planning to raise BRL200m ($96m) in the domestic bond market, it says. The specialist in transportation and storage plans a 5-year tranche payin...

Pine Nears Huaso Try

Brazil Chile Bonds

Brazil’s Banco Pine is preparing a bond issuance in Chile, according to regulatory documents. The bank plans a UF1.5m ($72m) 5-year bullet bond with a 6% coupon. In Septe...

Raizen Loan Adds Banks

Brazil Loans

Brazilian sugar, ethanol and bioenergy producer Raizen is heard nearing the close of a $450m loan this week. The 3-year term loan pays Libor+150bp. Citi and HSBC are lead...