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Daily Brief

Dec 12, 2013 Issue

Actinver Adds Equity Capital

Mexico Equity

Mexico’s Grupo Financiero Actinver has priced a MXP690m ($53m) equity follow-on, according to regulatory filings. The brokerage is selling 58.1m primary shares, including...

Banco VW Prices Driver Two

Brazil Bonds Structured Finance

Banco Volkswagen has priced the BRL1bn ($429m) Driver Brasil Two securitization for Brazil's fundo de investimento em direitos creditorios (FIDC) market, according to an ...

Buyside Showing Interest in YPF

Argentina Bonds

YPF had received $1.5bn in demand as of Wednesday for a new 5-year bond, according to people familiar with the matter, and is due to finish a road show today. The B3/B mi...

Celsia Generates Domestic Demand

Colombia Bonds

Celsia has issued COP800bn ($413m) in Colombia’s domestic bond market, it says. The electricity generator and distributor sold COP84bn in 2016 bonds paying IBR+2.17%, COP...

CFE Hits Local Market

Mexico Bonds

Comision Federal de Electricidad (CFE) has raised MXP1.66bn ($128m) in Mexico’s domestic bond market, according to a person familiar with the terms. The 4-year bond issue...

Chilean Hybrid Gets $3.6bn Demand

Chile Bonds Structured Finance

Chilean utility AES Gener has raised $450m in new junior subordinated hybrid bonds, with demand topping $3.6bn, according to people following the sale. The 2073 NC5.5 pri...

Digicel Adds to 2020

Jamaica Bonds

In a continuing demonstration of demand for high-yield credit in the region, Digicel tacked on an extra $500m to its 2020 senior notes, bringing the size to $2.0bn. The D...

Honduras Upsizes Post-Election Bond

Honduras Bonds

The Republic of Honduras has issued $500m in new 7-year bonds, doubling the expected size on high demand. The B2/B sovereign was one of five cross-border issuers Wednesda...

Mexicans Buy into Spanish Bank

Mexico Europe M&A

A group of Mexican investors led by the Del Valle family has agreed to a partnership with Spain’s Banco Popular, and will invest EUR450m ($621m) in the bank. The group of...

Petrochemical Producer Makes DCM Debut

Mexico Bonds

Mexico’s Grupo Idesa generated $400m in orders for its $300m international bond debut, according to people following the sale, pricing at a yield in line with initial exp...

RE Fund Taps Mexican DCM in Size

Mexico Bonds

On a day that saw five LatAm cross-border bond sales, the region’s largest deal came from a domestic market. Mexico’s Fibra Uno real estate trust has raised MXP8.5bn ($65...

Santander Mexico Pioneers Basel III T2

Mexico Bonds Structured Finance

Santander Mexico is preparing to roadshow LatAm’s first Basel III-compliant Tier 2 bond, a 10-year $1bn note that carries risk of coupon deferral or principal write-down....

Sigma Talks Acquisition Loan Terms

Mexico Loans

Mexico’s Sigma Alimentos has met banks to discuss a $1bn senior unsecured term loan facility, LatinFinance understands. The 5-year loan is offered at Libor+125bp and is t...

Trinidad Returns to Bond Market

Trinidad & Tobago Bonds

Trinidad and Tobago returned for its first international bond since 2007, upsizing by $50m to $550m after getting $5bn demand. The A/Baa1 rated sovereign priced at par wi...