Latest

Daily Brief

Dec 14, 2012 Issue

ALL Raises Local Debt

Brazil Bonds

Brazil’s America Latina Logistica (ALL) has raised BRL750m ($359m) in domestic bonds, according to Anbima. The rail operator’s 2017 debenture pays DI+1.3%. ALL plans to u...

Alsea Adds to BK Holdings

Mexico M&A

Mexico’s Alsea has formed a joint venture with Burger King Worldwide into which both parties will place their Burger King restaurants in Mexico. In the deal, Alsea pays a...

Chile Holds Rates

Chile Economy & Policy

Chile’s central bank has held its policy rate at 5.0%, in line with market expectations. Nomura suggests that the rate will stay there through the first half of 2013, wit...

Chilean Utility Plans Issue

Chile Bonds

Saesa is planning to issue UF2.5m ($121m) in Chile’s local bond market on December 20. The electricity transmission company can choose from a 7-year tranche with a 3.40% ...

Compartamos Preps MXP Reopening

Mexico Bonds

Mexico’s Banco Compartamos is heard interested in a TIIE+59bp price range for a reopening of its 2015 floating-rate domestic bonds, scheduled for December 19. The microle...

CorpBanca Wants US Follow-on

Chile Equity

Chile’s CorpBanca is preparing a sale of ADS, according to regulatory documents, targeting about $150m. The bank plans to sell 8.01m ADS, equivalent to 12.02bn common sha...

Emgesa Issues Domestic Bonds

Colombia Bonds

Emgesa has issued COP500bn ($278m) in Colombia’s domestic bond market, upsizing to the maximum amount available. The generation company sold COP300bn in 2022 bonds at IPC...

Fibra Uno to Grow

Mexico M&A

While Macquarie’s IPO may be taking the spotlight this week, the pioneer of the Fibra class, Fibra Uno, is remaining active. The fund controlled by the El-Mann family is ...

Fraga to Step Down at BM&FBovespa

People Corporate & Sovereign Strategy Brazil

Arminio Fraga will not continue as chairman of the BM&FBovespa, the exchange says. His current term runs out in April and the former central bank head’s decision is down ...

Macquarie Breaks New Fibra Ground

Mexico Equity Australia

Macquarie’s Mexican real estate operation has priced a MXP14.95bn ($1.17bn) Fibra transaction, the region’s largest-ever real estate IPO. Though it comes in at the bottom...

Mexican Lender Lands Wide

Mexico Bonds

Mexico’s Grupo Financiero Interacciones has issued MXP1.2bm ($94m) in 2015 floating-rate bonds, less than the MXP1.5bn sought and 15bp wide to TIIE+135bp price talk. The ...

Pine Leads Brazilians into Huaso Market

Brazil Chile Bonds

Banco Pine has become the first Brazilian Huaso bond issuer, raising UF1.5m ($72m) in Chile’s domestic bond market. The sale comes as several issuers had contemplated the...

Toll Road Postpones UDI Bond

Mexico Bonds

The Monterrey-Saltillo toll road has put off a MXP4.5bn ($351m) bond that was tentatively scheduled to price this week in the domestic market. Pricing efforts will be rev...