Daily Brief

Dec 14, 2015 Issue

LatAm equity funds fall further into negative returns


Fund performance worsens in past week

Bancoldex CFO named Bogota finance secretary

People Corporate & Sovereign Strategy Colombia

Beatriz Arbelaez Martinez will replace Ricardo Bonilla Gonzalez

Norvial names new CEO

People Corporate & Sovereign Strategy Peru

The Peruvian toll road operator promotes logistics chief to top position

Odebrecht CEO steps down

People Corporate & Sovereign Strategy Brazil

Interim CEO Newton de Souza will continue to lead conglomerate after Marcelo Odebrecht resigns

Moody's downgrades Banco Pan

Brazil Bonds Corporate & Sovereign Strategy

Rating on Brazilian lender cut after agency puts shareholders BTG Pactual and Caixa on review for downgrade

Fitch cuts Tonon after bankruptcy filing

Brazil Bonds

Ethanol producer drops to D rating after filing for bankruptcy protection

AES Eletropaulo issues $85m bond

Brazil Bonds

The Brazilian utility company goes to the local market for the six-year issue

Jockey Plaza to tap Peru’s local debt market

Peru Bonds

The bond will be backed by cash flow from shopping center lease

Medanito pushes back bond issue

Argentina Chile Mexico

Argentine energy company postpones dollar bond issue to January

Patrimonio launches REIT issue

Colombia Equity Funds

Colombian REIT issues certificates to fund property investments

Minera Frisco refinances loan

Mexico Loans Bonds

Mexican mining company improves terms from previous five-year facility with syndicate of 10 banks

Bupa to buy Chilean subsidiary

Chile M&A

British health insurer to buy out stakes from a series of funds

GP Investments eyes control of BR Properties

Brazil M&A

Investor bids for controlling share of Brazilian real estate company in which BTG Pactual has a 36% stake