Daily Brief

Nov 24, 2022 Issue

Inbursa abandons Citibanamex bid

M&A Equity Mexico

Mexican bank declines to proceed to the next stage after making a non-binding offer

IDB provides financing for Ecuador-Peru power project

Loans Project & Infrastructure Finance Energy

US-based development bank approves a $125 mln loan to connect the two countries' electrical grids

Luz del Sur tees up local bond sale

Bonds Debt Fixed Income

Lima-based utility company aims to sell up to $31 mln in one-year notes

Aleatica heads for BMV exit

Debt Equity Funds

Spanish infrastructure company offers $458 mln to buy out minority shareholders in its Mexican division

Fitch assigns first-time rating to PRIO

Credit Ratings Fitch Ratings Debt

Brazilian gas and oil company gets a BB- with a stable outlook thanks to modest production levels and plentiful oil reserves

Cobee open to proposals for future financing

Equity Funds M&A

Spanish fintech has $41 mln to begin operations in Latin America, starting in Mexico, co-founder says

Enauta to issue debentures for Atlanta field

Corporate & Sovereign Strategy Debenture Capital Markets

Queiroz Galvão's oil and gas division plans to raise $373 mln in a two-part deal in the local market

Malan says regional unity offers best buffers for crises

Corporate & Sovereign Strategy Economy & Policy Brazil

Brazil's former finance minister expects leftist governments in Latin America to promote "greater cooperation"

SalfaCorp gets nod for share shale

Equity Chile Capital Markets

Chilean construction company seeks to raise $272 mln to fund its project backlog

Banco do Brasil to back debt with future flows

Corporate & Sovereign Strategy Bonds Debt

Brazilian state-owned bank plans to raise $850 mln to finance sustainability projects, Fitch says

DBRS upgrades Uruguay on improving fiscal outlook

Credit Ratings Upgrade Economy & Policy

Rating agency raises the sovereign rating to BBB and changes the outlook to stable

Fitch downgrades AySA for bond swap

Credit Ratings Downgrade Fitch Ratings

Rating agency blames Argentina's tight capital controls for forcing the water company into a "distressed debt exchange"

Banco Pichincha names new boss in Peru

People Peru Ecuador

Ecuadorian lender picks former BBVA executive Gustavo Delgado-Aparicio to lead its operations in the neighboring country