Daily Brief

Dec 15, 2016 Issue

Tenda scraps IPO

Brazil Equity M&A

Gafisa instead agrees to sell up to 30% in the low-income homebuilder to real estate investor Jaguar

Fitch cuts Minas Gerais

Brazil Corporate & Sovereign Strategy

Rating agency downgrade follows state's decision to declare financial emergency

Chile holds rates again

Chile Economy & Policy Corporate & Sovereign Strategy

Central bank keeps benchmark rate unchanged at 3.5% for the 12th month in a row

CAF selects its next president

People Corporate & Sovereign Strategy Bonds

Former Peruvian finance minister, Luis Carranza, takes the helm at LatAm's regional development bank in April next year

Colombia's ANI awards road PPP

Colombia Loans Project & Infrastructure Finance

Local consortium beats Spain's Copasa for the $150m Bogota highway access project

Localiza prints more debentures

Brazil Bonds

Brazilian car rental company issues an additional $75m through one of its subsidiaries

Camil Alimentos sells CRAs

Brazil Bonds

Brazilian food company raises $119m in agribusiness receivables certificates

EDP subsidiary pays back IDB loan

Brazil Bonds Loans

Energia Pecem replaces dollar-denominated debt with local debenture issues and lowers its funding costs by 200bp

Ecopetrol welcomes larger bid for remaining ISA shares

Equity M&A

Colombia's state-owned oil company earns $45m from sale of its last shares in the local power distributor

Mendoza seeks international credit lines

Argentina Bonds Funds

Argentine province wants to fund public projects but says it is unlikely to tap the bond market in 2017

Pemex puts focus on refinancing debt

Mexico Bonds

With half its fundraising needs settled for 2017, Mexico's state-owned oil company pushes ahead with its turnaround plan