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Daily Brief

Dec 12, 2012 Issue

Diageo Puts Cap on Tequila Talks

Mexico M&A

Diageo has pulled out of talks to buy a stake in Mexico’s Jose Cuervo, it says, after the two companies had been discussing price for more than a year. Cuervo, with a val...

Dominican Republic Outlook Revised to Stable

Dominican Republic Corporate & Sovereign Strategy

The Dominican Republic has had the outlook on its B credit rating revised to stable from positive by Fitch, the agency says. Fitch highlights deterioration in the soverei...

Emgesa Set to Issue

Colombia Bonds

Emgesa is scheduled to issue up to COP300bn ($166m) in Colombia’s domestic bond market today, with the ability to upsize to COP500bn. The generation company’s bonds are e...

Ferreyros Picks Banks

Peru Bonds

Peru’s Ferreyros has awarded a mandate for an international bond transaction to Bank of America Merrill Lynch and JPMorgan, CFO Patricia Gastelumendi tells LatinFinance. ...

Gases de Occidente Raises Domestic Bonds

Colombia Bonds

Gases de Occidente has issued COP200bn ($111m) in Colombia’s domestic bond market, according to sources following the sale. The gas distributor sold COP110bn in 2022 bond...

Guatemalan Bank Targets Bond

Guatemala Bonds

Guatemala’s G&T Continental is heard to be among the borrowers looking at the January issuance window, according to sources familiar with the bank’s plans. G&T is likely ...

Iguatemi Plots Debentures

Brazil Bonds

Brazilian shopping mall operator Iguatemi is planning to raise BRL400m ($192m) in the domestic bond market, according to regulatory documents. A 2020 tranche pays the DI ...

Interregional Buys Push M&A Volume Past 2011

Corporate & Sovereign Strategy M&A

LatAm’s M&A volume is set to finish this year up from 2011’s total, driven by non-LatAm buyers acquiring in the region, a trend which bankers see getting even stronger in...

Mall Operator to Close out Brazil Equity Year

Brazil Equity

Brazil’s Aliansce is scheduled to offer 16.7m primary shares today in equity follow-on. The deal would raise BRL452m ($217m) if it came at Tuesday’s BRL23.53 close and a ...

YPF to Add Local Debt

Argentina Bonds

YPF plans to price Monday up to ARP4bn ($821m) in domestic bonds, it says, which can be upsized to ARP4.5bn. The Argentine state-controlled oil producer is offering 2018 ...