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Daily Brief

Dec 19, 2013 Issue

CFR African Vote Pushed to January

Chile M&A Africa

Shareholders of South Africa’s Adcock Ingram have postponed a vote on CFR Pharmaceuticals’ takeover offer to January from this week, the drugmaker says. The move follows ...

Chilean Inks IFC Energy Facility

Chile Loans

The IFC has agreed to loan $75m to Chile’s Banco BICE to help it finance non-conventional renewable energy (NCRE) projects, it says. The 10-year credit line is the IFC’s ...

DB Names Regional GTB Head

People Corporate & Sovereign Strategy

Deutsche Bank has named Maria Cristina Ricciardi as head of global transaction banking (GTB) for Latin America and head of trade finance and cash management corporates fo...

Mexican Bonds Most Traded: EMTA

Bonds

Mexican debt instruments were EM’s most traded in 3Q 2013, according to EMTA, occupying a spot typically held by Brazil, whose instruments were second-most. Mexican instr...

Barbados Closes Loan

Barbados Loans

Barbados has closed a $150m, 5-year syndicated loan, according to people familiar with the process. The facility pays Libor+700bp and features an 18-month grace period. C...

Bermuda Draws from Local Market

Caribbean Bonds

Bermuda has priced BMD50m ($50m) in senior 2023 bonds, marking its first domestic transaction in a move to pave the way for development of its local market. The bond pric...

Builder Taps Brazilian Market

Brazil Bonds

Andrade Gutierrez has completed the raising of BRL610m ($260m) in domestic bonds, according to Anbima. A BRL180m 2015 debenture is expected to pays 107.0% of the DI, and ...

JHSF Clinches Local Debt

Brazil Bonds

JHSF Participacoes and two subsidiaries have finalized the placement of BRL534m ($227m) in domestic bonds, according to Anbima. The Brazilian developer has a 2023 debentu...

Mexican Completes Gas Project Loan

Mexico Loans

Mexico’s Gasoductos de Chihuahua has closed syndication of a $500m, 13.5-year project finance loan paying Libor+200bp, according to people familiar with the process. Book...

SanMex Upsizes T2 First

Mexico Bonds Structured Finance

Santander Mexico has raised $1.3bn from the sale of LatAm’s first Basel III-compliant Tier 2 bond, upsizing from a planned $1bn. The non-convertible 2023 NC5 subordinated...