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Brazil M&A
Brazil’s CPFL Energia and Equatorial Energia have agreed to takeover Rede Energia and carry out needed investments at the struggling electricity holdco, the parties say. ...
Brazil Bonds
Brazil’s Andrade Gutierrez has closed a BRL400m ($191m) domestic bond transaction, according to Anbima. The construction company’s 2014 pays 107% of the DI. Bradesco mana...
Mexico Bonds
Mexico’s Banco Compartamos has increased the amount sought for a reopening of its 2015 floating-rate bonds to MXP1.5bn ($117.5m), according to a source following the sale...
Brazil’s Anhanguera has completed a BRL170m ($81m) domestic bond transaction, according to Anbima. The educational operator has issued a BRL85m 2017 tranche paying the DI...
Randon, a Brazilian Manufacturer of truck trailers and rail freight cars, is preparing to raise BRL300m ($145m) in the domestic bond market, it says. The plan is for a 20...
Mexico Loans
Mexico’s Minera Frisco has closed a $1.1bn, 5-year senior secured term loan facility, with 11 banks participating. The transaction pays Libor+325bp, and was oversubscribe...
With domestic liquidity growing and a favorable macro environment in the forecast, Mexican DCM bankers expect an increase in local bond issuance in 2013. So far this year...
Brazil Corporate & Sovereign Strategy
Moody's has downgraded Eletrobras’ rating to Baa3 from Baa2, it says, on an expected reduction in revenues. The action comes after Eletrobras accepted the federal governm...
Vaild, the Brazilian payment processor, plans to raise BRL130m ($63m) in the domestic bond market, it says. It will look to sell a 2014 bond paying the DI+1.2%, to raised...
Central America Loans
Puma Energy, a subsidiary of commodity trader Trafigura, has closed a $300m, 7-year syndicated loan, it says. The company declines to comment on the Libor-based interest ...
Chile Bonds
Chile’s Saesa is expected to issue UF2.5m ($121m) in Chile’s local bond market today. The electricity transmission company is able to choose from a 7-year tranche with a ...
Colombia People Canada
Tuscany International Drilling has named Kiel Clark as chief operating officer, it says. He had been the oil drilling specialist’s president for South America, and has be...
Argentina Bonds
YPF has finished off a busy fundraising period with the sale of $734m-equivalent in domestic bonds, it says, shy of a ARP4.0bn ($821m) limit. The Argentine state-controll...