/raid1/www/Hosts/bankrupt/TCRLA

/raid1/www/Hosts/bankrupt/TCRLA_Public/110221.mbx T R O U B L E D C O M P A N Y R E P O R T E R L A T I N A M E R I C A Monday, February 21, 2011, Vol. 12, No. 36 Headlines A N T I G U A & B A R B U D A STANFORD INT'L: Owner Sues Prosecutors, FBI Agents, & SEC Lawyers B E R M U D A CONOCO LIBYA: Creditors' Proofs of Debt Due March 2 CONOCO LIBYA: Members' Final Meeting Set for March 22 LAIF IV: Creditors' Proofs of Debt Due March 2 LAIF IV: Members' Final Meeting Set for March 23 MAN-GLENWOOD SELECT: Creditors' Proofs of Debt Due March 2 MAN-GLENWOOD SELECT: Members' Final Meeting Set for March 21 NOBLE INVESTMENTS: Creditors' Proofs of Debt Due March 2 NOBLE INVESTMENTS: Members' Final Meeting Set for March 23 SUSTAINABLE FORESTRY: Supreme Court Enters Wind-Up Order B R A Z I L BANCO GMAC: Moody's Upgrades Bank Strength Rating to 'D-' DASLU: Laep Investment In Talks to Acquire Firm, Sources Say INDEPENDENCIA SA: Moody's Withdraws 'C' Corporate Family Rating C A Y M A N I S L A N D S ALPINE PROPERTIES: Members' Final Meeting Set for February 28 AMADEUS TRUST: Shareholders' Final Meeting Set for March 3 CABLE INVESTMENT: Shareholders' Final Meeting Set for March 4 CARMEL INVESTMENT: Members' Final Meeting Set for February 28 CHESTER GLOBAL: Shareholders' Final Meeting Set for March 18 CORP ONE: Shareholder to Receive Wind-Up Report on February 21 CORP TWO: Shareholder to Receive Wind-Up Report on February 21 ENERGY FLOWINVEST: Shareholders' Final Meeting Set for March 1 FUEL FLOWINVEST: Shareholders' Final Meeting Set for March 1 PANGLOSS LDC: Shareholders' Final Meeting Set for February 28 PETRO FLOWINVEST: Shareholders' Final Meeting Set for March 1 J A M A I C A AIR JAMAICA: Trinidad PM Intervenes Between CAL Chairman & Board X X X X X X X X * BOND PRICING: For the Week February 14, to February 17, 2011 - - - - - =============================== A N T I G U A & B A R B U D A =============================== STANFORD INT'L: Owner Sues Prosecutors, FBI Agents, & SEC Lawyers ----------------------------------------------------------------- Julie Triedman at The AM Law Daily reports that Stanford International Bank Limited owner Robert Allen Stanford filed a lawsuit in Houston federal district court against a dozen Federal Bureau of Investigation, Justice Department, and U.S. Securities and Exchange Commission employees, claiming that they have engaged in "abusive law enforcement" against him. Mr. Stanford is seeking US$7.2 billion in damages under the lawsuit, The AM Law Daily relates. Mr. Stanford has tapped Houston attorney Stephen Cochell of The Cochell Law Firm for his lawsuit, according to The AM Law Daily. The report relates that Mr. Stanford's complaint does not name any federal agencies as defendants, but rather targets those employed by the agencies that have spearheaded the cases against him. The AM Law Daily notes that among the individuals sued are: * Stephen Korotosh, who is leading the SEC's civil suit against Mr. Stanford; and * federal prosecutors Paul Pelletier and Gregg Costa, who have leading roles in the criminal case. The 39-page civil complaint claims that the federal government illegally used more than US$51 million of Mr. Stanford's money to fund its investigation, while at the same time rejecting Mr. Stanford's requests for funds to pay for his own defense, The AM Law Daily cites. The AM Law Daily discloses that Mr. Stanford arrived at the US$7.2 billion figure by asserting that he "personally owned assets of approximately US$3.9 billion, all of which has been lost" due to U.S. government actions. As a result of those actions, the report relates, Mr. Stanford claims that he lost the ability to realize profits on those assets. The value of the lost profits is at US$3.2 billion, he added. The AM Law Daily notes that Mr. Stanford has also asserted that the government in its pursuit violated his right against unreasonable search and seizure; his right against cruel and unusual punishment; his right to counsel; and his right to due process. Manhattan criminal defense attorney Douglas Burns said in a separate Bloomberg News report, The AM Law Daily cites, that Mr. Stanford's lawsuit faces some huge obstacles, most notably the fact that agents of the FBI, the SEC, and the Justice Department "are immune for their legitimate conduct in the case." About Stanford International Bank Domiciled in Antigua, Stanford International Bank Limited -- http://www.stanfordinternationalbank.com/-- is a member of Stanford Private Wealth Management, a global financial services network with US$51 billion in deposits and assets under management or advisement. Stanford Private Wealth Management serves more than 70,000 clients in 140 countries. On February 16, 2009, the United States District Court for the Northern District of Texas, Dallas Division, signed an order appointing Ralph Janvey as receiver for all the assets and records of Stanford International Bank, Ltd., Stanford Group Company, Stanford Capital Management, LLC, Robert Allen Stanford, James M. Davis and Laura Pendergest-Holt and of all entities they own or control. The February 16 order, as amended March 12, 2009, directs the Receiver to, among other things, take control and possession of and to operate the Receivership Estate, and to perform all acts necessary to conserve, hold, manage and preserve the value of the Receivership Estate. The U.S. Securities and Exchange Commission, on Feb. 17, 2009, charged before the U.S. District Court in Dallas, Texas, Mr. Stanford and three of his companies for orchestrating a fraudulent, multi-billion dollar investment scheme centering on an US$8 billion Certificate of Deposit program. A criminal case was also pursued against Mr. Stanford in June 2009 before the U.S. District Court in Houston, Texas. Mr. Stanford pleaded not guilty to 21 charges of multi-billion dollar fraud, money-laundering and obstruction of justice. Assistant Attorney General Lanny Breuer, as cited by Agence France-Presse News, said in a 57-page indictment that Mr. Stanford could face up to 250 years in prison if convicted on all charges. Mr. Stanford surrendered to U.S. authorities after a warrant was issued for his arrest on the criminal charges. The criminal case is U.S. v. Stanford, H-09-342 (S.D. Tex.). The civil case is SEC v. Stanford International Bank, 09-cv-00298 (N.D. Tex.). ============= B E R M U D A ============= CONOCO LIBYA: Creditors' Proofs of Debt Due March 2 --------------------------------------------------- The creditors of Conoco Libya Ltd. are required to file their proofs of debt by March 2, 2011, to be included in the company's dividend distribution. The company commenced wind-up proceedings on February 14, 2011. The company's liquidator is: Robin J. Mayor Clarendon House, 2 Church Street Hamilton HM 11 Bermuda CONOCO LIBYA: Members' Final Meeting Set for March 22 ----------------------------------------------------- The members of Conoco Libya Ltd. will hold their final meeting on March 22, 2011, at 9:30 a.m., to receive the liquidator's report on the company's wind-up proceedings and property disposal. The company commenced wind-up proceedings on February 14, 2011. The company's liquidator is: Robin J. Mayor Clarendon House, 2 Church Street Hamilton HM 11 Bermuda LAIF IV: Creditors' Proofs of Debt Due March 2 ---------------------------------------------- The creditors of LAIF IV Ltd. are required to file their proofs of debt by March 2, 2011, to be included in the company's dividend distribution. The company commenced wind-up proceedings on February 11, 2011. The company's liquidator is: Robin J. Mayor Clarendon House, 2 Church Street Hamilton HM 11 Bermuda LAIF IV: Members' Final Meeting Set for March 23 ------------------------------------------------ The members of LAIF IV Ltd. will hold their final meeting on March 23, 2011, at 9:30 a.m., to receive the liquidator's report on the company's wind-up proceedings and property disposal. The company commenced wind-up proceedings on February 11, 2011. The company's liquidator is: Robin J. Mayor Clarendon House, 2 Church Street Hamilton HM 11 Bermuda MAN-GLENWOOD SELECT: Creditors' Proofs of Debt Due March 2 ---------------------------------------------------------- The creditors of Man-Glenwood Select Dollar Trading Limited are required to file their proofs of debt by March 2, 2011, to be included in the company's dividend distribution. The company commenced wind-up proceedings on January 31, 2011. The company's liquidator is: Beverly Mathias c/o Argonaut Limited Argonaut House, 5 Park Road Hamilton HM O9 Bermuda MAN-GLENWOOD SELECT: Members' Final Meeting Set for March 21 ------------------------------------------------------------ The members of Man-Glenwood Select Dollar Trading Limited will hold their final meeting on March 21, 2011, at 9:30 a.m., to receive the liquidator's report on the company's wind-up proceedings and property disposal. The company commenced wind-up proceedings on January 31, 2011. The company's liquidator is: Beverly Mathias c/o Argonaut Limited Argonaut House, 5 Park Road Hamilton HM O9 Bermuda NOBLE INVESTMENTS: Creditors' Proofs of Debt Due March 2 -------------------------------------------------------- The creditors of Noble Investments Ltd. are required to file their proofs of debt by March 2, 2011, to be included in the company's dividend distribution. The company commenced wind-up proceedings on February 8, 2011. The company's liquidator is: Robin J. Mayor Clarendon House, 2 Church Street Hamilton HM 11 Bermuda NOBLE INVESTMENTS: Members' Final Meeting Set for March 23 ---------------------------------------------------------- The members of Noble Investments Ltd. will hold their final meeting on March 23, 2011, at 9:30 a.m., to receive the liquidator's report on the company's wind-up proceedings and property disposal. The company commenced wind-up proceedings on February 8, 2011. The company's liquidator is: Robin J. Mayor Clarendon House, 2 Church Street Hamilton HM 11 Bermuda SUSTAINABLE FORESTRY: Supreme Court Enters Wind-Up Order -------------------------------------------------------- On February 11, 2011, the Supreme Court of Bermuda entered an order that winds up the operations of Sustainable Forestry Management Limited. =========== B R A Z I L =========== BANCO GMAC: Moody's Upgrades Bank Strength Rating to 'D-' --------------------------------------------------------- Moody's Investors Service upgraded the bank financial strength rating of Banco GMAC S.A. to D-, from E+. Moody's also raised Banco GMAC's long-term local and foreign currency deposit ratings to Ba3 from B2, as well as the national scale deposit ratings to A3.br and BR-2 from Ba1.br and BR-4, in the long- and short-term, respectively. In addition, the rating agency affirmed Banco GMAC's short-term local and foreign currency deposit ratings at Not Prime. The outlook on all ratings is stable. Ratings Rationale The upgrade of Banco GMAC's ratings follows the lift of its parent company Ally Financial Inc.'s issuer and senior unsecured ratings to B1 from B3, announced on February 7, 2011. Moody's noted that the upgrade of Banco GMAC's ratings reflects the much reduced uncertainties about its funding and capitalization, which had been triggered by the significantly weakened franchise of its parent company over the past three years. Throughout this period, Banco GMAC has maintained its access to the domestic funding market and has managed to diversify its sources, with limited dependence from its head-office, either by selling its loans to third parties or by tapping into special funding from the deposit insurance corporation. These efforts, however, have not prevented an increase in the bank's funding cost, which, in turn, have hurt its profitability. The rating upgrade is also supported by the resilience of the bank's car finance operation in Brazil, as suggested by its relatively stable market share despite much increased competition in the segment. This performance is the result of Banco GMAC's long-standing relationship with General Motors and its dealers, from which the bank sources nearly 90% of its loan originations; it also reflects the sustainably robust demand for cars and car financing in Brazil, which has ensured that business volumes remained strong. Moody's notes that Banco GMAC's unsupported ratings (D-/Ba3) are currently positioned one notch higher than Ally's B1 issuer rating, in recognition of the relatively less challenging conditions faced by the Brazilian operation. Nevertheless, further upward movements on the parent's ratings may not necessarily trigger similar movements on Banco GMAC's ratings nor the maintenance of such gap. This is because Banco GMAC's ratings are constrained by its limited earnings generation potential, which is intrinsically tied to the bank's monoline niche activity of car financing, and which remains a highly competitive segment. Profitability is also constrained by the predominantly wholesale funding profile that tends to be volatile and expensive, thus potentially pressuring the bank's profit margins. Moody's note that recent regulatory measures for consumer financing in Brazil have not directly affected Banco GMAC's origination volumes, but have resulted in higher funding costs overall. Additionally, Moody's views changes in Banco GMAC's asset quality metrics over the past two years as reflecting increased volume of loan sales to third parties. The rating agency, however, will continue to monitor the performance of the loan book and asset quality indicators to the extent that a scenario of increasing competition could result in less strict loan origination policies. The last rating action on Banco GMAC was on February 25, 2010, when Moody's upgraded Banco GMAC's BFSR to E+ from E, the long- term local and foreign currency deposit ratings to B2 from Caa2, and the long-term national scale deposit rating of to Ba1.br from B2.br. The outlook on all ratings was stable. Moody's National Scale Ratings are intended as relative measures of creditworthiness among debt issues and issuers within a country, enabling market participants to better differentiate relative risks. Banco GMAC is headquartered in Sao Paulo, Brazil. As of September 2010, Banco GMAC had total assets of BRL$7.3 billion (US$4.3 billion) and shareholders' equity of BRL1.1 billion (US$678 million). These ratings of Banco GMAC S.A. were upgraded: * Bank financial strength rating: to D- from E+, stable outlook * Long-term global local-currency deposit rating: to Ba3 from B2, stable outlook * Long-term foreign-currency deposit rating: to Ba3 from B2, stable outlook * Long-term Brazilian national scale deposit ratings: to A3.br from Ba1.br, stable outlook * Short-term Brazilian national scale deposit ratings: to BR-2 from BR-4 These ratings of Banco GMAC S.A. were affirmed: * Short-term global local-currency deposit rating: Not Prime * Short-term foreign-currency deposit rating: Not Prime DASLU: Laep Investment In Talks to Acquire Firm, Sources Say ------------------------------------------------------------ Fabiola Moura and Francisco Marcelino at Bloomberg News, citing unnamed sources with direct knowledge of the matter, report that Laep Investments Ltd. is in talks to make an offer for Daslu. Bloomberg relates the sources said that Laep may bid for Daslu on Feb. 24 during a meeting with the retailer's creditors. Daslu was raided by Brazilian police and tax agents in July 2005 and its owner, Eliana Tranchesi, was found guilty and sentenced to 94 years and six months in prison in 2009 on tax evasion charges, according to Bloomberg. Laep invested US$10 million in Daslu after the retailer filed for protection against creditors in July, one of the people familiar with the matter said, Bloomberg discloses. Bloomberg relates that Paulo Figueiredo, the spokesman for Laep and owner of the A4 Comunicacao communications firm, said the company isn't in talks to acquire Daslu. Headquartered in Sao Paulo, Daslu is Brazil's biggest luxury department store. INDEPENDENCIA SA: Moody's Withdraws 'C' Corporate Family Rating --------------------------------------------------------------- Moody's Investors Service has withdrawn the C corporate family rating on Independencia S.A. and the Ca senior secured rating of Independencia International Ltd., affecting US$165 million of senior secured credit facility. The facility is a term loan due in 2015 and is guaranteed by Independencia S.A. Ratings Rationale The credit ratings have been withdrawn because Independencia is currently under a Court supervised restructuring process. =========================== C A Y M A N I S L A N D S =========================== ALPINE PROPERTIES: Members' Final Meeting Set for February 28 ------------------------------------------------------------- The members of Alpine Properties Ltd. will hold their final meeting on February 28, 2011, to receive the liquidator's report on the company's wind-up proceedings and property disposal. The company's liquidator is: William L. Nash III c/o Alan G. de Saram Charles Adams Ritchie & Duckworth Zephyr House, 122 Mary Street George Town, Grand Cayman KY1-1107 Cayman Islands Telephone: 949-4544 Facsimile: 949-8460 AMADEUS TRUST: Shareholders' Final Meeting Set for March 3 ---------------------------------------------------------- The shareholders of Amadeus Trust Company Ltd. will hold their final meeting on March 3, 2011, at 10:00 a.m., to receive the liquidator's report on the company's wind-up proceedings and property disposal. The company's liquidator is: Graham Robinson c/o Omar Grant Telephone: (345) 949-7576 Facsimile: (345) 949-8295 P. O. Box 897, Windward 1 Regatta Office Park Grand Cayman KY1-1103 Cayman Islands CABLE INVESTMENT: Shareholders' Final Meeting Set for March 4 ------------------------------------------------------------- The shareholders of Cable Investment Management Ltd will hold their final meeting on March 4, 2011, at 8:30 a.m., to receive the liquidator's report on the company's wind-up proceedings and property disposal. The company's liquidator is: Walkers Corporate Services Limited Walker House, 87 Mary Street George Town, Grand Cayman, KY1-9002 Cayman Islands CARMEL INVESTMENT: Members' Final Meeting Set for February 28 ------------------------------------------------------------- The members of Carmel Investment Fund will hold their final meeting on February 28, 2011, at 10:00 a.m., to receive the liquidator's report on the company's wind-up proceedings and property disposal. The company's liquidator is: Robert Smith c/o Alan G. de Saram Telephone: 949-4544 Facsimile: 949-8460 Charles Adams Ritchie & Duckworth Zephyr House, 122 Mary Street P.O. Box 709, Grand Cayman, KY1-1107 Cayman Islands CHESTER GLOBAL: Shareholders' Final Meeting Set for March 18 ------------------------------------------------------------ The shareholders of Chester Global Emerging Markets Fund Ltd will hold their final meeting on March 18, 2011, at 10:30 a.m., to receive the liquidator's report on the company's wind-up proceedings and property disposal. The company's liquidator is: Ian Stokoe c/o Sarah Moxam Telephone: (345) 914 8634 Facsimile: (345) 945 4237 P.O. Box 258, Grand Cayman KY1-1104 Cayman Islands CORP ONE: Shareholder to Receive Wind-Up Report on February 21 -------------------------------------------------------------- The sole shareholder of Corp One, Ltd. will receive on February 21, 2011, at 10:00 a.m., the liquidator's report on the company's wind-up proceedings and property disposal. The company's liquidator is: Jon Edward Goldman c/o Campbell Corporate Services Limited Scotia Centre P. O. Box 268 Grand Cayman KY1-1104 Cayman Islands Telephone: (345) 949 2648 CORP TWO: Shareholder to Receive Wind-Up Report on February 21 -------------------------------------------------------------- The sole shareholder of Corp Two, Ltd. will receive on February 21, 2011, at 10:00 a.m., the liquidator's report on the company's wind-up proceedings and property disposal. The company's liquidator is: Jon Edward Goldman c/o Campbell Corporate Services Limited Scotia Centre P. O. Box 268 Grand Cayman KY1-1104 Cayman Islands Telephone: (345) 949 2648 ENERGY FLOWINVEST: Shareholders' Final Meeting Set for March 1 -------------------------------------------------------------- The shareholders of Energy Flowinvest Capital Limited will hold their final meeting on March 1, 2011, at 10:00 a.m., to receive the liquidator's report on the company's wind-up proceedings and property disposal. The company's liquidator is: Essa Zainal c/o Patricia Tricarico Telephone: (345) 949 5122 Facsimile: (345) 949 7920 P.O. Box 1111, Grand Cayman KY1-1102 Cayman Islands FUEL FLOWINVEST: Shareholders' Final Meeting Set for March 1 ------------------------------------------------------------ The shareholders of Fuel Flowinvest Capital Limited will hold their final meeting on March 1, 2011, at 10:00 a.m., to receive the liquidator's report on the company's wind-up proceedings and property disposal. The company's liquidator is: Essa Zainal c/o Patricia Tricarico Telephone: (345) 949 5122 Facsimile: (345) 949 7920 P.O. Box 1111, Grand Cayman KY1-1102 Cayman Islands PANGLOSS LDC: Shareholders' Final Meeting Set for February 28 ------------------------------------------------------------- The shareholders of Pangloss LDC will hold their final meeting on February 28, 2011, at 10:00 a.m., to receive the liquidator's report on the company's wind-up proceedings and property disposal. The company's liquidator is: Hugh Dickson c/o Prudence Pryce P.O. Box 1370, Grand Cayman KY1- 1108 Cayman Islands Telephone: (345) 815 8240 Facsimile: (345) 949 7120 PETRO FLOWINVEST: Shareholders' Final Meeting Set for March 1 ------------------------------------------------------------- The shareholders of Petro Flowinvest Capital Limited will hold their final meeting on March 1, 2011, at 10:00 a.m., to receive the liquidator's report on the company's wind-up proceedings and property disposal. The company's liquidator is: Essa Zainal c/o Patricia Tricarico Telephone: (345) 949 5122 Facsimile: (345) 949 7920 P.O. Box 1111, Grand Cayman KY1-1102 Cayman Islands ============= J A M A I C A ============= AIR JAMAICA: Trinidad PM Intervenes Between CAL Chairman & Board ---------------------------------------------------------------- RadioJamaica reports that Trinidad and Tobago Prime Minister Kamla Persad-Bissessar has intervened in what may be a brewing disagreement between Caribbean Airlines Limited Chairman George Nicholas and other members of the board. RadioJamaica, citing a report in Trinidad's Express newspaper, relates that some directors met with Mrs. Persad-Bissessar to discuss operations at the state-owned airline. RadioJamaica notes that Transport Minister Jack Warner, the minister responsible for the airline, said he only became aware of the meeting when he saw the directors at the Prime Minister's office. RadioJamaica discloses that Mr. Warner told reporters that he was aware there were some rumblings between Mr. Nicholas and the other Caribbean Airlines directors. Mr. Warner will meet with the board on Feb. 22, 2011. RadioJamaica notes that sources close to the meeting suggested that the directors were upset with aspects of Caribbean Airlines' operations. Prime Minister Persad-Bissessar received a complaint about Mr. Nicholas as Chairman of the board, and that a request was made for him to be removed from the post, the sources added. About Air Jamaica Headquartered in Kingston, Jamaica, Air Jamaica Limited -- http://www.airjamaica.com/-- was founded in 1969. It flies passengers and cargo to almost 30 destinations in the Caribbean, Europe, and North America. * * * As reported in the Troubled Company Reporter-Latin America on June 23, 2010, Trinidad and Tobago Caribbean Airline on May 1, 2010, acquired Air Jamaica for US$50 million and operated six Air Jamaica aircraft and eight of its routes. Jamaica got a 16% stake in the merged operation, with CAL owning 84%. According to a TCR- LA report on June 29, 2009, RadioJamaica News said the Jamaican government indicated it will name a buyer for cash-strapped Air Jamaica. RadioJamaica related the airline has been hemorrhaging over US$150 million per annum and the government has had to foot the massive bill. In addition, RadioJamaica said, Air Jamaica currently has over US$600 million in loans outstanding. As of August 18, 2010, the airline continues to carry Moody's "B3" long-term, long-term corporate family, and senior unsecured debt ratings. =============== X X X X X X X X =============== * BOND PRICING: For the Week February 14, to February 17, 2011 -------------------------------------------------------------- Issuer Coupon Maturity Currency Price ------ ------ -------- -------- ----- ARGENTINA --------- Argentina ARGENT-PAR 1.18 12/31/2038 ARS 68.6 ARGENT- DIS 7.82 12/31/2033 EUR 74 ARGENT- DIS 7.82 12/31/2033 EUR 73.125 ARGENT- DIS 4.33 12/31/2033 JPY 42 ARGENT- PAR&GDP 0.45 12/31/2038 JPY 8 BODEN 2014 2 9/30/2014 ARS 165.5 BOGAR 2018 2 2/4/2018 ARS 160.8 CAYMAN ISLAND ------------- BANCO BPI (CI) 4.15 11/14/2035 EUR 51.626 BANIF FIN LTD 3 12/31/2019 EUR 67.625 BCP FINANCE BANK 5.01 3/31/2024 EUR 61.092 BCP FINANCE BANK 5.31 12/10/2023 EUR 63.898 BCP FINANCE CO 4.239 EUR 55.617 BCP FINANCE CO 5.543 EUR 56.883 BES FINANCE LTD 5.772 2/7/2035 EUR 58.517 BES FINANCE LTD 5.58 EUR 59.017 BES FINANCE LTD 4.5 EUR 61.661 BES FINANCE LTD 6.625 EUR 67.938 CHINA FORESTRY 7.75 11/17/2015 USD 73.25 CHINA FORESTRY 7.75 11/17/2015 USD 73.125 EFG ORA FUNDING 1.7 10/29/2014 EUR 62.96 ESFG INTERNATION 5.753 EUR 59.375 IMCOPA INTL CAYM 10.38 12/16/2014 USD 38 PUBMASTER FIN 6.962 6/30/2028 GBP 51.01 PUBMASTER FIN 8.44 6/30/2025 GBP 56.25 THPA FINANCE LTD 8.241 3/15/2028 GBP 71.41 CHILE ----- AGUAS NUEVAS 3.4 5/15/2012 CLP 0.95 CGE DISTRIBUCION 3.25 12/1/2012 CLP 39.56 ESVAL S.A. 3.8 7/15/2012 CLP 37.49 MASISA 4.25 10/15/2012 CLP 40.00 PUERTO RICO ----------- PUERTO RICO CONS 6.5 4/1/2016 USD 50 VENEZUELA --------- PETROLEOS DE VEN 5.5 4/12/2037 USD 44.960 PETROLEOS DE VEN 5.375 4/12/2027 USD 45.970 PETROLEOS DE VEN 5.25 4/12/2017 USD 58.340 PETROLEOS DE VEN 5.125 10/28/2016 USD 58.769 PETROLEOS DE VEN 5 10/28/2015 USD 61.822 PETROLEOS DE VEN 4.9 10/28/2014 USD 66.821 PETROLEOS DE VEN 8.5 11/2/2017 USD 67.707 PETROLEOS DE VEN 8.5 11/2/2017 USD 68.284 PETROLEOS DE VEN 8.5 11/2/2017 USD 68.043 VENEZUELA 7 3/31/2038 USD 55.5 VENEZUELA 7 3/31/2038 USD 55.688 VENEZUELA 6 12/9/2020 USD 58.25 VENEZUELA 7.65 4/21/2025 USD 60.9 VENEZUELA 8.25 10/13/2024 USD 63.75 VENEZUELA 7.75 10/13/2019 USD 67.25 VENEZUELA 9.25 5/7/2028 USD 67.5 VENEZUELA 9 5/7/2023 USD 68 VENEZUELA 7 12/1/2018 USD 67.75 VENEZUELA 9.25 9/15/2027 USD 70.602 VENEZUELA 5.75 2/26/2016 USD 72.25 VENEZUELA 9.25 9/15/2027 USD 73.1 VENZOD - 189000 9.375 1/13/2034 USD 68.25 *********** Monday's edition of the TCR-LA delivers a list of indicative prices for bond issues that reportedly trade well below par. Prices are obtained by TCR-LA editors from a variety of outside sources during the prior week we think are reliable. Those sources may not, however, be complete or accurate. The Monday Bond Pricing table is compiled on the Friday prior to publication. Prices reported are not intended to reflect actual trades. Prices for actual trades are probably different. Our objective is to share information, not make markets in publicly traded securities. Nothing in the TCR-LA constitutes an offer or solicitation to buy or sell any security of any kind. It is likely that some entity affiliated with a TCR-LA editor holds some position in the issuers' public debt and equity securities about which we report. Tuesday's edition of the TCR-LA features a list of companies with insolvent balance sheets obtained by our editors based on the latest balance sheets publicly available a day prior to publication. At first glance, this list may look like the definitive compilation of stocks that are ideal to sell short. Don't be fooled. Assets, for example, reported at historical cost net of depreciation may understate the true value of a firm's assets. A company may establish reserves on its balance sheet for liabilities that may never materialize. The prices at which equity securities trade in public market are determined by more than a balance sheet solvency test. A list of Meetings, Conferences and Seminars appears in each Thursday's edition of the TCR-LA. Submissions about insolvency- related conferences are encouraged. Send announcements to conferences@bankrupt.com *********** S U B S C R I P T I O N I N F O R M A T I O N Troubled Company Reporter-Latin America is a daily newsletter co-published by Bankruptcy Creditors' Service, Inc., Fairless Hills, Pennsylvania, USA, and Beard Group, Inc., Frederick, Maryland USA, Marites O. Claro, Joy A. Agravante, Rousel Elaine T. Fernandez, Valerie U. Pascual, Psyche A. Castillon, Julie Anne G. Lopez, Ivy B. Magdadaro, Frauline S. Abangan, and Peter A. Chapman, Editors. Copyright 2011. All rights reserved. ISSN 1529-2746. This material is copyrighted and any commercial use, resale or publication in any form (including e-mail forwarding, electronic re-mailing and photocopying) is strictly prohibited without prior written permission of the publishers. Information contained herein is obtained from sources believed to be reliable, but is not guaranteed. The TCR Latin America subscription rate is US$625 per half-year, delivered via e-mail. Additional e-mail subscriptions for members of the same firm for the term of the initial subscription or balance thereof are US$25 each. For subscription information, contact Christopher Beard at 240/629-3300. * * * End of Transmission * * *