Daily Brief

Dec 12, 2019 Issue

Argentina's new government seeks way out of 'virtual default'

Asset Management Bonds Debt

Economy minister says the government will hold "constructive" talks with bondholders and the IMF to restructure sovereign debt

Petrobras starts sale of remaining stake in TAG

M&A Debt Energy

Brazil's state-owned oil company sends out teasers for its 10% share in the natural gas pipeline

XP stock shoots up after IPO

Equity Brazil United States

Shares in the Brazilian brokerage firm rise almost 30% after it earns $1.96 bln in its Nasdaq debut

BMG offers to buy back shares

Equity Capital Markets Corporate & Sovereign Strategy

Brazilian mid-sized bank plans to repurchase up to 10% of outstanding shares less than two months after IPO

Restoque announces share sale

Equity Corporate & Sovereign Strategy Brazil

Brazilian clothing company could stitch up $74 mln in a follow-on offering in the local stock market

Delta exits investment in Gol

Equity Brazil United States

US airline sells 5% of preferred shares in the Brazilian carrier after agreeing to buy 20% of Chile's LATAM

Famsa finishes debt exchange

Bonds Debt Capital Markets

Mexican retailer waives minimum requirement and agrees to trade 58% of 2020 bonds for new 2024 bonds

Celulosa reopens bond swap after missing debt payments

Asset Management Bonds Debt

Argentine papermaker is the latest company to get caught out by the country's financial crisis

Maxcom rises from default

Debt Bonds Telecoms

S&P gives the Mexican telecommunications company a CCC+ rating after a debt restructuring

Pemex plots local bond return

Bonds Debt Capital Markets

Mexico's state-owned oil company could raise $520 mln in the first issue of a $5 bln debt program

Tenda drafts new debt sale

Debenture Debt Capital Markets

Brazilian home builder looks to add $49 mln to working capital with a five-year debenture deal