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Daily Brief

Dec 06, 2013 Issue

Chilean Clinic Wraps Up Bonds

Chile Bonds

Chile’s Clinica Las Condes has sold UF1m ($44m) in 21-year domestic bonds, according to people following the sale. The bonds priced at 100.55 with a 3.95% coupon to yield...

Chilean Raises $57m in JPY Placement

Chile Japan Bonds

Banco de Chile has raised JPY5.8bn ($57m) through a private placement in the Japanese bond market, according to people familiar with the transaction. Issued on the back o...

Dominican Banks Merge

Dominican Republic M&A

Centro Financiero BHD and el Grupo Financiero Leon have agreed to merge, the two Dominican financial institutions say, bringing all operations under an entity to be known...

Electrical Parts Maker Prints MXP Bond

Mexico Bonds

Mexican electrical parts maker Xignux has priced a MXP1.5bn ($114m) domestic bond, according to a person familiar with the transaction. The 10-year fixed-rate bond priced...

Gildemeister Rating Drops Two Notches

Chile Corporate & Sovereign Strategy

Fitch has lowered Automotores Gildemeister’s rating to B from BB minus, it says, on continued deterioration in the Chilean vehicle retailer’s credit profile due to poor o...

HSBC Mexico Makes Rare DCM Visit

Mexico Bonds

HSBC has issued MXP5bn ($381m) in fixed and floating-rate domestic bonds, according to people familiar with the terms. The Mexican arm of HSBC Holdings priced a MXP2.7bn ...

HY Ratings Trending Downward: Fitch

Corporate & Sovereign Strategy

LatAm high-yield corporates will likely see more downgrades than upgrades in 2014, Fitch says. “Economic conditions in Brazil look to be moderate at best in 2013, which s...

ISA Names Finance Official

People Corporate & Sovereign Strategy Colombia

Colombia’s ISA has named Carlos Alberto Rodriguez as vp of corporate finance, effective monday, it says. He returns to ISA from Grupo Inversiones Mundial to replace Camil...

Masisa to Meet Buyside

Chile Bonds

Chile’s Masisa plans to start fixed-income investor meetings next week ahead of a potential bond debut, according to people familiar with the matter. The BB rated produce...

Travel Agency IPO Books Less than Expected

Brazil Equity

CVC Brasil Operadora e Agencia de Viagens has priced a BRL621m ($236m) IPO and brought yet another Brazilian debut below the bottom of the range. The 38.8m secondary shar...