Daily Brief

Mar 21, 2019 Issue

Pension funds oppose Enel capital increase

Equity Corporate & Sovereign Strategy Funds

AFP Capital has proposed a smaller share sale to finance the Eletropaulo acquisition but not dilute minority owners

Bice weighs bond sale

Bonds Corporate & Sovereign Strategy Capital Markets

Chilean financial services group could issue $200m in local notes to finance last year's acquisition of a life annuity business from Grupo Sura

Devimar arrives at financial close

Loans Project & Infrastructure Finance Debt

Colombian toll road concessionaire gets $720m in dollars and pesos to fund construction of the Autopista al Mar 1

Grupo Kuo negotiates new loan

Loans Debt Corporate & Sovereign Strategy

Mexican holding company hires Bank of America and HSBC to syndicate a five-year revolver for $300m in dollars and pesos, source says

Mexico delays bond decision

Corporate & Sovereign Strategy Capital Markets Debt

Sovereign issuer leaves investors empty handed after meetings in Great Britain and Germany

Ecuadorean issuers face high funding costs

Corporate & Sovereign Strategy Capital Markets Bonds

Corporates will likely pay double-digit yields after Quiport sold $400m in bonds at 12%, sources say

Cemex sells more European assets

M&A Corporate & Sovereign Strategy Mexico

Mexican company agrees to sell its white cement business in Spain to Turkey's Çimsa Çimento for $180m

Funds size up oil investments in Venezuela

Funds Economy & Policy Politics

Venezuela's petroleum industry needs at least $30bn to increase production, source says

AES Tietê plans local notes

Bonds Debt Capital Markets

Brazilian power company plots a three-part, $580m debenture sale to pay off debt from the Guaimbê and AGV solar projects