Daily Brief

Sep 16, 2022 Issue

Fonplata picks interim CEO

People International Financial Institutions Brazil

Luciana Botafogo steps in for Juan Notaro until a permanent replacement is elected in March 2023

Ambipar carries on with US acquisition spree

Corporate & Sovereign Strategy Equity M&A

Brazilian environmental services company is expected to use funds from a tie-up with US SPAC HPX to finance a $162 mln deal for Witt O'Brien's in Houston

Cemex uses loan to repurchase bonds

Corporate & Sovereign Strategy Bonds Debt

Mexican cement company offers to repurchase up to $400 mln in bonds that mature between 2029 and 2031

Citibanamex could be sold through IPO

IPO M&A Mexico

Citi expects to offload its Mexican retail business sometime next year, according to CFO

Metrogas hunts for new CEO

People Gas Argentina

Argentine gas distributor names new chairman to replace Alejandro Fernández but leaves CEO position unfilled

Embraer lands financing arrangement with Apollo

Corporate & Sovereign Strategy Equity Funds

Brazilian aircraft manufacturer announces a $1.5 bln deal to support sales of regional aircraft

Edenor to tap local bond market

Bonds Debt Fixed Income

Argentine power distributor seeks up to $30 mln for investments

Cydsa lines up loan to pay for buyback

Corporate & Sovereign Strategy Bonds Debt

Mexican chemical company plans to borrow from Scotiabank to repurchase $60 mln in 2027 notes, source says

Mivivienda gets go-ahead to issue bonds

Corporate & Sovereign Strategy Bonds Debt

Peru's state-backed mortgage lender plans to raise up to $400 mln in the local or international market

Banks keep coming to Chilean bond market

Bonds Debt Fixed Income

Bci and Scotiabank extend string of bond sales as Banco Security hops on the trend

RappiPay bags local loan

Loans Debt Technology

Colombian fintech borrows $114 mln from four lenders to fund expansion plans

Fitch ranks Córdoba above sovereign

Credit Ratings Fitch Ratings Upgrade

Rating agency upgrades the Argentine province to CCC+ and says it has no need to refinance debt in the next two years

ISA wins transmission project in Chile

Project & Infrastructure Finance Energy Electricity

Colombian holding company plans to invest $194 mln to build a 180km power line in the Antofagasta Region

Banco Bolivariano plans first blue bonds in Ecuador

Bonds Debt Fixed Income

IDB Invest will anchor the $50 mln deal to fund loans to fishing and shrimp farming businesses