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Brazil M&A
Banco do Brasil has authorized the sale of a 19% stake in Itapebi Geracao de Energia to Neoenergia, it says. The bank expects a BRL175m ($75m) gain from the sale of the p...
Braskem has agreed to buy control of Solvay Indupa, the Argentine-Brazilian unit of Belgium’s Solvay, spending up to $290m, it says. The Brazilian has agreed to buy 70.59...
Honduras Corporate & Sovereign Strategy
Moody’s has placed the Central American Bank for Economic Integration’s (Cabei) A2 rating on review for a possible upgrade, it says. The key driver is the adoption of a n...
Mexico Bonds
Daimler Mexico is planning to issue up to MXP2.5bn ($192m) in 5-year floating-rate domestic bonds in January, according to people familiar with the issuer’s plans. It ori...
Chile Bonds
EFE is heard considering Friday to issue up to UF2.9m ($131m) in Chile’s domestic bond market. The state railway is able to choose among 25-year bullet bonds with a 3.6% ...
Brazil Loans
Brazil’s Gerdau has completed syndication of a new $1.5bn revolver with 12 banks, according to people familiar with the matter. The 3-year facility replaces an existing r...
Brazil Equity
Itau is preparing to raise BRL727m ($312m) in Brazil’s fundo de investimento imobiliario (FII) market, according to the CVM. The Faria Lima 3.500 FII is a real estate fun...
Bonds Corporate & Sovereign Strategy
Latin American corporates will be challenged in 2014, says Fitch, which counts 24 LatAm issuers with negative outlooks, versus only seven with positive outlooks. Brazilia...
OHL Mexico’s Concesionaria Mexiquense (Conmex) road concession unit got a 5.95% coupon on its MXP8.24bn-equivaqlent ($636m) 2035 UDI-denominated bond, according to a repo...
Mexico Bonds Structured Finance
Santander Mexico is out with mid-6% initial price talk on what would be LatAm’s first Basel III-compliant Tier 2 bond, according to people familiar with the matter. Books...