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Daily Brief

Dec 13, 2013 Issue

Aval Defines FO

Colombia Equity

Colombia’s Grupo Aval has set terms for what should be a COP2.41trn ($1.25bn) equity follow-on. The financial group plans to offer 1.86bn common shares at COP1,300 each. ...

Axtel Progresses in Step-Up Exchange

Mexico Bonds

Mexican telecommunications company Axtel has received acceptance from holders of $83m of the 7.625% 2017 notes it is targeting in an exchange as of the early deadline, it...

Bahamas Decides to Wait

Bahamas Bonds

After finishing fixed-income investor meetings this month, Bahamas has decided to wait on its international bond plans, according to a finance ministry spokesperson. “Fro...

Banco del Estado Offers Sub Bonds

Chile Bonds Structured Finance

Banco del Estado de Chile has issued UF2m ($88m) in 30-year subordinated domestic bonds, according to people following the sale. The bonds priced at 101.99 with a 3.50% c...

Chile Holds Rates

Chile Economy & Policy

Chile’s central bank decided to hold rates at 4.5% when its central bank met Thursday, in line with market expectations. “Our trading partners are growing somewhat below ...

Foreigners Close in on CorpBanca

Chile M&A

CorpBanca may be close to a sale of a stake, perhaps even a majority position, to a foreign bidder. The Chilean bank says it is in discussions to pick the winner and stru...

Hospital Books Domestic Bonds

Brazil Bonds

Rede D’Or has placed BRL200m ($85m) in Brazil’s domestic bond market, according to Anbima. The 2018 debenture pays DI+2.0% and amortizes in equal parts at the end of each...

Interbank Taps Domestic Market

Peru Bonds

Banco Internacional del Peru (Interbank) has sold $50m in subordinated bonds in Peru’s local market, according to people familiar with the sale. The transaction was upsiz...

Logistics Manager Readies Local Debt

Brazil Bonds

Brazil’s Tegma has approved the issue of BRL150m ($64m) in domestic bonds, it says. The logistics manager’s 5-year debentures would pay DI+1.75%. The issuer is in need of...

MRS Clinches Local Debt

Brazil Bonds

MRS Logistica has completed the placement of BRL300m ($128m) in Brazil’s domestic bond market, according to Anbima. The 2018 debenture pays the DI+0.9%, inside a 1.1% lim...

Retailer Can’t Break Brazilian ECM Trend

Brazil Equity

Via Varejo has priced a BRL2.85bn ($1.22bn) follow-on well below the bottom of the price range, closing out another rough year for Brazilian equity issuers. The retailer ...