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Daily Brief

Dec 11, 2013 Issue

Bond Investor Joins Invesco

People Corporate & Sovereign Strategy

Sean Newman has joined Invesco in Atlanta as senior fixed-income portfolio manager, according to people with knowledge of the matter. Starting January, he will report to ...

Canadian Sells Colombian Pipeline Position

Colombia M&A Funds

Canada’s Talisman Energy has sold its 12% position in Colombian pipeline operator Ocensa to US private equity firm Advent International for $595m, it says, a key part of ...

Celsia Set for Local Bond

Colombia Bonds

Colombia’s Celsia is scheduled to issue COP800bn ($414m) in domestic bonds today, it says. The electricity generator and distributor can choose among a 6-year tranche pay...

Cement Maker Unveils Loan

Brazil Loans

Brazil’s InterCement held a bank meeting Tuesday in New York and is expected to hold another tomorrow in Sao Paulo to discuss a $900m loan package divided into three $300...

Davivienda Taps Domestic Funds

Colombia Bonds

Banco Davivienda has issued COP400bn ($207m) in Colombia’s local bond market, it says, issuing up to a maximum limit. Total demand topped COP617bn. The bank sold COP316bn...

Fitch Raises Colombia

Colombia Corporate & Sovereign Strategy

Fitch has upgraded Colombia to BBB from BBB minus, it says, based on an improvement in external accounts and debt dynamics. “The sovereign’s credible and consistent polic...

Gener Prepares to Test DCM

Chile Bonds

AES Gener has released 9%-area initial price thoughts for a junior subordinated hybrid bond pricing as soon as today, according to people familiar with the issuer’s plans...

Hypermarcas Adds Local Debt

Brazil Bonds

Hypermarcas has completed the placement of BRL200m ($86m) in Brazil’s domestic bond market, according to Anbima. The consumer products specialist’s 2017 debenture pays 11...

Moody’s Puts Globo above Sovereign

Brazil Corporate & Sovereign Strategy

Moody’s has upgraded the credit rating of Brazilian broadcaster Globo to Baa1 from Baa2, it says. Globo has demonstrated progress in its diversification away from adverti...

Panama Airport Advances Structured Bond

Panama El Salvador Bonds

Panama City’s Aeropuerto Internacional de Tocumen (AITSA) has placed $130m in 2023 NC5 structured bonds with El Salvadorian pension funds, according to a source familiar ...

Petrobras Finalizes CRI

Brazil Bonds Structured Finance

Petrobras has finalized the terms for a BRL500m ($215m) domestic Certificados de Recibiveis Imobiliarios (CRI) securitization, according to regulatory documents. A BRL213...

Sovereign Turns to Loan Market

Barbados Loans

After electing not to pursue a bond transaction in October, Barbados is considering a $150m, 5-year syndicated loan, according to people familiar with the process. The fa...

YPF Kicks Off Investor Meetings

Argentina Bonds

YPF has started fixed-income investor meetings ahead of a senior unsecured 5-year bond, according to people familiar with the matter. Following one-on-one calls Tuesday, ...