Daily Brief

Dec 24, 2019 Issue

IDB Invest funds SME loans for Daycoval

Loans Debt Brazil

Multilateral lender arranges $430 mln for the mid-sized bank in Brazil

Invenergy finances LNG project in El Salvador

Project & Infrastructure Finance Loans Debt

US power generation company borrows $657 mln to build a liquid natural gas facility in Puerto de Acajutla

Vale reacquires stake in MBR

M&A Brazil Equity

Brazilian iron ore miner spends $810 mln to buy back the 36.4% share it sold for $1.2 bln in 2015

Petrobras starts sale of stake in biofuels business

M&A Economy & Policy Corporate & Sovereign Strategy

Brazil's state-owned oil company sends out teasers for the 50% share in BSBios held by its subsidiary PBio

Oi mobile unit dials up local private placement

Bonds Debt Capital Markets

Oi Móvel looks to raise $612 mln from the sale of two-year notes with average interest rates above 13%

Eletrobras unit issues local notes

Debenture Debt Fixed Income

Furnas makes its debenture debut with $110 mln in five-year notes

Rating agencies split on Argentine strategy

Bonds Debt Capital Markets

Fitch upgrades the sovereign issuer to CC, while S&P says the country has gone into default

JBS subsidiary buys Bunge brands

M&A Brazil United States

Seara acquires the US agribusiness' margarine and mayonnaise facilities in Brazil for $172 mln

EIB bankrolls Copasa project

Loans Project & Infrastructure Finance Brazil

European development bank supplies $161 mln to build new wastewater treatment plans and expand water supply in Minas Gerais