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Daily Brief

Dec 18, 2012 Issue

Banco Pine Adds DCM Banker

People Corporate & Sovereign Strategy Brazil

Surat Maheshwari has joined Banco Pine in New York, as a managing director focusing on all aspects of the Brazilian bank’s debt capital markets business, including sales,...

BR Malls Clinches Debenture

Brazil Bonds

BR Malls has completed the placement of BRL420m ($200m) in Brazil’s domestic bond market, according to Anbima. The shopping center operator’s 2024 debenture pays 13.49% a...

Brazil OKs Bradesco Mexican Plan

Brazil Mexico Bonds

Brazil’s central bank has given approval to Bradesco to operate as a commercial bank in Mexico, Bradesco says. The bank now awaits approval by Mexican regulators to set u...

Fibra Uno to Return for Follow-on

Mexico Equity

Mexico’s Fibra Uno is preparing to hit the equity capital markets for its second follow-on, according to regulatory documents. The first-ever real estate fund created und...

G&T Lands Subordinated Loan

Guatemala Loans

The IFC will provide $100m to Guatemala’s Banco G&T Continental via a 10-year subordinated loan with a 5-year grace-period, coming from its IFC Capitalization Fund, it sa...

Generator Plugs into Local Bond Market

Brazil Bonds

Linhares Geracao, the operator of a power plant in Brazil, has raised BRL220m ($105m) in the domestic debenture market, according to Anbima. The plant, controlled by BTG ...

Grupo Kuo Tender Reaches $230m

Mexico Bonds

Mexico’s Grupo Kuo has received acceptance from holders of $230m, or 92.12%, of its $250m 9.75% 2017 bonds targeted in a tender offer, it says. The BB rated conglomerate’...

Inmet Raises Additional Panama Project Funds

Panama Bonds Canada

Inmet Mining has returned to the bond market for additional funding for its Panama copper projects, raising $500m. The Canadian miner’s 2021 drew $3.9bn in orders. The B1...

Lojas Americanas Plans Bonds

Brazil Bonds

Brazilian retailer Lojas Americanas is planning to raise BRL650m ($310m) in the domestic bond market, it says. It plans a BRL300m 5-year tranche paying the DI+1.03% and a...

Moody’s Negative on Petrobras

Brazil Corporate & Sovereign Strategy

Moody’s has lowered the outlook on Petrobras’ A3 rating to negative from stable, it says. The move reflects the state-controlled oil producer’s rising debt levels and the...

Raizen Closes Loan

Brazil Loans

Brazilian sugar, ethanol and bioenergy producer Raizen is heard having closed a 3-year, $450m loan paying Libor+150bp. Citi and HSBC are joint lead arrangers at tickets o...

Santander Brasil Eyes New Markets

Brazil Bonds

As Santander Brasil prepares a non-deal roadshow in Switzerland for early 2013, the Brazilian bank will continue to evaluate new markets throughout the year, Alvaro Carba...

Toll Road Sale Ends Brazil DCM Year on Strong Note

Brazil Bonds

Brazilians are hopeful 2013 can top this year’s domestic bond market volume, with interest rates and the country’s infrastructure needs among the catalysts. In a positive...