/raid1/www/Hosts/bankrupt/TCRLA_Public/110426.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
Tuesday, April 26, 2011, Vol. 12, No. 81
Headlines
A R G E N T I N A
BAIFOR SRL: Creditors' Proofs of Debt Due August 10
TRIUMPH INT. ARGENTINA: Creditors' Proofs of Debt Due May 27
B E R M U D A
DDJ OCTOBER: Creditors' Proofs of Debt Due April 29
DDJ OCTOBER: Members' Final Meeting Set for May 20
OCTOBER OS: Creditors' Proofs of Debt Due April 29
OCTOBER OS: Members' Final Meeting Set for May 20
SEACO SHIPMANAGEMENT: Creditors' Proofs of Debt Due May 13
SEACO SHIPMANAGEMENT: Member to Receive Wind-Up Report on May 20
C A Y M A N I S L A N D S
ALPHA WISDOM: Shareholders' Final Meeting Set for May 23
BOREAS INVESTMENTS: Shareholders' Final Meeting Set for May 13
CAI ASIAN: Members' Final Meeting Set for May 18
EI REAL: Shareholders' Final Meeting Set for May 16
LONDON RIVER: Shareholder to Receive Wind-Up Report on May 3
PRIMUS CREDIT: Members' Final Meeting Set for May 12
SOFTWARE LEASING: Members' Final Meeting Set for May 12
J A M A I C A
* JAMAICA: National Debt Falls in March 2010/2011 Fiscal Year
X X X X X X X X
* S&P's 2011 Global Corporate Defaults Now Total 13
* Large Companies With Insolvent Balance Sheets
- - - - -
=================
A R G E N T I N A
=================
BAIFOR SRL: Creditors' Proofs of Debt Due August 10
---------------------------------------------------
Maria Cristina Osso, the court-appointed trustee for Baifor SRL's
bankruptcy proceedings, will be verifying creditors' proofs of
claim until August 10, 2011.
Ms. Osso will present the validated claims in court as individual
reports. The National Commercial Court of First Instance No. 7 in
Buenos Aires, with the assistance of Clerk No. 14, will determine
if the verified claims are admissible, taking into account the
trustee's opinion, and the objections and challenges that will be
raised by the company and its creditors.
The Trustee can be reached at:
Maria Cristina Osso
Av. Corrientes 1675
Argentina
TRIUMPH INT. ARGENTINA: Creditors' Proofs of Debt Due May 27
------------------------------------------------------------
Jorge Osvaldo Stanislavsky, the court-appointed trustee for
Triumph Int. Argentina SA's bankruptcy proceedings, will be
verifying creditors' proofs of claim until May 27, 2011.
Mr. Stanislavsky will present the validated claims in court as
individual reports. The National Commercial Court of First
Instance No. 17 in Buenos Aires, with the assistance of Clerk
No. 34, will determine if the verified claims are admissible,
taking into account the trustee's opinion, and the objections and
challenges that will be raised by the company and its creditors.
The Trustee can be reached at:
Jorge Osvaldo Stanislavsky
Talcahuano 768
Argentina
=============
B E R M U D A
=============
DDJ OCTOBER: Creditors' Proofs of Debt Due April 29
---------------------------------------------------
The creditors of DDJ October Fund-Offshore, Ltd. are required to
file their proofs of debt by April 29, 2011, to be included in the
company's dividend distribution.
The company commenced wind-up proceedings on April 14, 2011.
The company's liquidator is:
Robin J. Mayor
Clarendon House, 2 Church Street
Hamilton HM 11
Bermuda
DDJ OCTOBER: Members' Final Meeting Set for May 20
--------------------------------------------------
The members of DDJ October Fund-Offshore, Ltd. will hold their
final meeting on May 20, 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 April 14, 2011.
The company's liquidator is:
Robin J. Mayor
Clarendon House, 2 Church Street
Hamilton HM 11
Bermuda
OCTOBER OS: Creditors' Proofs of Debt Due April 29
--------------------------------------------------
The creditors of October OS Investment Sub II, Ltd. are required
to file their proofs of debt by April 29, 2011, to be included in
the company's dividend distribution.
The company commenced wind-up proceedings on April 14, 2011.
The company's liquidator is:
Robin J. Mayor
Clarendon House, 2 Church Street
Hamilton HM 11
Bermuda
OCTOBER OS: Members' Final Meeting Set for May 20
-------------------------------------------------
The members of October OS Investment Sub II, Ltd. will hold their
final meeting on May 20, 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 April 14, 2011.
The company's liquidator is:
Robin J. Mayor
Clarendon House, 2 Church Street
Hamilton HM 11
Bermuda
SEACO SHIPMANAGEMENT: Creditors' Proofs of Debt Due May 13
----------------------------------------------------------
The creditors of SEACO Shipmanagement Services Ltd. are required
to file their proofs of debt by May 13, 2011, to be included in
the company's dividend distribution.
The company commenced wind-up proceedings on April 15, 2011.
The company's liquidator is:
John O'Kelly-Lynch
Covenant House, 85 Reid Street
Hamilton HM 12
Bermuda
SEACO SHIPMANAGEMENT: Member to Receive Wind-Up Report on May 20
----------------------------------------------------------------
The sole Member of SEACO Shipmanagement Services Ltd. will receive
on May 20, 2011, at 1:00 p.m., the liquidator's report on the
company's wind-up proceedings and property disposal.
The company commenced wind-up proceedings on April 15, 2011.
The company's liquidator is:
John O'Kelly-Lynch
Covenant House, 85 Reid Street
Hamilton HM 12
Bermuda
===========================
C A Y M A N I S L A N D S
===========================
ALPHA WISDOM: Shareholders' Final Meeting Set for May 23
--------------------------------------------------------
The shareholders of Alpha Wisdom Limited will hold their final
meeting on May 23, 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:
United Microelectronics Corporation
Telephone: 886-2-26589168
Facsimile: 886-2-26575299
8th Floor., No. 68, Sec. 1
Neihu Rd., Neihu Dist.
Taipei City 114,
Taiwan (R.O.C.)
BOREAS INVESTMENTS: Shareholders' Final Meeting Set for May 13
--------------------------------------------------------------
The shareholders of Boreas Investments (Cayman) Limited will hold
their final meeting on May 13, 2011, at 1:00 p.m., to receive the
liquidator's report on the company's wind-up proceedings and
property disposal.
The company's liquidator is:
Walkers SPV Limited
Walker House, 87 Mary Street
George Town Grand Cayman KY1-9002
Cayman Islands
CAI ASIAN: Members' Final Meeting Set for May 18
------------------------------------------------
The members of Cai Asian Credit Ltd. will hold their final meeting
on May 18, 2011, at 11:30 a.m., to receive the liquidator's report
on the company's wind-up proceedings and property disposal.
The company's liquidator is:
Marc Randall
c/o Maples Liquidation Services (Cayman) Limited
P.O. Box 1093, Boundary Hall
Grand Cayman KY1-1102
Cayman Islands
EI REAL: Shareholders' Final Meeting Set for May 16
---------------------------------------------------
The shareholders of EI Real Estate, Inc. will hold their final
meeting on May 16, 2011, at 11:00 a.m., to receive the
liquidator's report on the company's wind-up proceedings and
property disposal.
The company's liquidator is:
George Devertzis
30, Navarchou Nikodimou str.
Plaka 105 56
Athens
Greece
Telephone: 0030.210.37.24.967
Facsimile: 0030.210.37.24.909
LONDON RIVER: Shareholder to Receive Wind-Up Report on May 3
------------------------------------------------------------
The shareholder of London River Limited will receive on May 3,
2011, at 10:30 a.m., the liquidator's report on the company's
wind-up proceedings and property disposal.
The company's liquidator is:
Salomao Consulting S.A.
Trident Chambers
P.O. Box 146, Road Town
Tortola
British Virgin Islands
PRIMUS CREDIT: Members' Final Meeting Set for May 12
----------------------------------------------------
The members of Primus Credit Strategies Master Fund Limited will
hold their final meeting on May 12, 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:
Marc Randall
c/o Maples Liquidation Services (Cayman) Limited
P.O. Box 1093, Boundary Hall
Grand Cayman KY1-1102
Cayman Islands
SOFTWARE LEASING: Members' Final Meeting Set for May 12
-------------------------------------------------------
The members of Software Leasing International Limited will hold
their final meeting on May 12, 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:
Bernard McGrath
69 Dr. Roy's Drive, George Town
P.O. Box 1043 Grand Cayman
Cayman Islands
=============
J A M A I C A
=============
* JAMAICA: National Debt Falls in March 2010/2011 Fiscal Year
-------------------------------------------------------------
RJR News reports that Jamaica's national debt fell in the last
month of the 2010/2011 fiscal year even though it climbed
significantly over the entire fiscal year.
Data from the Ministry of Finance show that the national debt
declined by JM$628 million over the February to March period,
according to RJR News.
However, RJR News relates, when the debt is analyzed over the
March 2010 to March 2011 period, it showed an increase.
During the one year period, the debt rose by more than JM$136
billion in the 2010/2011 fiscal year, RJR News says.
* * *
As of February 16, 2011, Jamaica continues to carry Standard and
Poor's "B-" currency long-term debt ratings and "C" currency
short-term debt ratings. The country continues to carry Moody's
"B3" country ceiling foreign bank deposit rating and "Ba3" country
ceiling long-term foreign currency debt rating.
===============
X X X X X X X X
===============
* S&P's 2011 Global Corporate Defaults Now Total 13
---------------------------------------------------
One Russian bank and two U.S.-based utilities defaulted last week,
raising the 2011 global corporate default tally to 13, said an
article published Friday by Standard & Poor's Global Fixed Income
Research, titled "Global Corporate Default Update
(April 15 - 21, 2011) (Premium)."
"Eight of this year's defaulters are based in the U.S., two are
based in New Zealand, one in Canada, one in the Czech Republic,
and one in Russia," said Diane Vazza, head of Standard & Poor's
Global Fixed Income Research. "By comparison, 32 global corporate
issuers had defaulted by this time in 2010."
Of these defaulters, 23 were from the U.S., one was from Europe,
two issuers were from the emerging markets, and six were in the
other developed region (Australia, Canada, Japan, and New
Zealand).
S&P noted that it revised the 2011 figures as part of our
quarterly data reconciliation process to account for two issuers
that had ratings withdrawn several months prior to default. Also,
it added two New Zealand-based issuers that defaulted earlier this
month -- one as a result of regulatory action, and the other
because of a distressed exchange.
"Five of this year's defaults were due to missed interest or
principal payments, and another five were due to distressed
exchange offers -- both among the top reasons for default in
2010," said Ms. Vazza. Of the remaining three, one issuer
defaulted after it filed for bankruptcy, another had its banking
license revoked by its country's central bank, and the third was
forced into liquidation as a result of regulatory action.
Of the defaults in 2010, 28 defaults resulted from missed interest
or principal payments, 25 defaults resulted from Chapter 11 and
foreign bankruptcy filings, 23 from distressed exchanges, three
from receiverships, one from regulatory directives, and one from
administration.
Standard & Poor's baseline projection for the U.S. corporate
trailing 12-month speculative-grade default rate for March 2012 is
1.6%. A total of 24 issuers would need to default from April 2011
to March 2012 to reach the forecast.
The projection of 1.6% is another 0.86-percentage-point (or
another 35%) decline from the 2.46% default rate in March 2011.
This rate of decline would be sharp, but slower than the decline
over the past 16 months. Improved lending conditions and a lower
cost of capital are keeping our default expectations relatively
upbeat in the next 12 months. S&P is seeing stronger credit
quality, as reflected in fewer downgrades and lower negative bias.
In addition to its baseline projection, S&P forecasts the default
rate in our optimistic and pessimistic scenarios. In its
optimistic default rate forecast scenario, the economy and the
financial markets improve more than expected. As a result, S&P
would expect the default rate to be 1.2% (18 defaults in the next
12 months).
On the other hand, if the economic recovery stalls and the
financial markets deteriorate -- which is our pessimistic scenario
-- S&P expects the default rate to be 3.3% (50 defaults) by March
2012. S&P bases its forecasts on quantitative and qualitative
factors that we consider, including, but not
limited to, Standard & Poor's proprietary default model for the
U.S. corporate speculative-grade bond market. S&P updates its
outlook for the U.S. issuer-based corporate speculative-grade
default rate each quarter after analyzing the latest economic data
and expectations.
* Large Companies With Insolvent Balance Sheets
-----------------------------------------------
Total
Total Shareholders
Assets Equity
Company Ticker (US$MM) (US$MM)
------- ------ ------------ -------
ARGENTINA
IMPSAT FIBER-$US IMPTD AR 535007008 -17164978
IMPSAT FIBER NET 330902Q GR 535007008 -17164978
IMPSAT FIBER NET XIMPT SM 535007008 -17164978
IMPSAT FIBER-BLK IMPTB AR 535007008 -17164978
IMPSAT FIBER-C/E IMPTC AR 535007008 -17164978
IMPSAT FIBER-CED IMPT AR 535007008 -17164978
SOC COMERCIAL PL CADN EU 143096734 -251846058
SOC COMERCIAL PL CVVIF US 143096734 -251846058
SOC COMERCIAL PL COME AR 143096734 -251846058
COMERCIAL PLA-BL COMEB AR 143096734 -251846058
SOC COMERCIAL PL SCDPF US 143096734 -251846058
SOC COMERCIAL PL CADN EO 143096734 -251846058
SOC COMERCIAL PL CAD IX 143096734 -251846058
COMERCIAL PL-C/E COMEC AR 143096734 -251846058
SOC COMERCIAL PL CADN SW 143096734 -251846058
COMERCIAL PLAT-$ COMED AR 143096734 -251846058
COMERCIAL PL-ADR SCPDS LI 143096734 -251846058
SNIAFA SA SNIA AR 11229696 -2670544.88
SNIAFA SA-B SNIA5 AR 11229696 -2670544.88
SNIAFA SA-B SDAGF US 11229696 -2670544.88
BRAZIL
VARIG SA-PREF VAGV4 BZ 966298026 -4695211316
VARIG SA-PREF VARGPN BZ 966298026 -4695211316
VARIG SA VARGON BZ 966298026 -4695211316
VARIG SA VAGV3 BZ 966298026 -4695211316
AGRENCO LTD AGRE LX 637647275 -312199404
AGRENCO LTD-BDR AGEN11 BZ 637647275 -312199404
LAEP-BDR MILK11 BZ 439175082 -60172005
LAEP INVESTMENTS LEAP LX 439175082 -60172005
CIA PETROLIFERA MRLM3 BZ 377602195 -3014291.72
CIA PETROLIFERA 1CPMON BZ 377602195 -3014291.72
CIA PETROLIF-PRF MRLM4 BZ 377602195 -3014291.72
CIA PETROLIF-PRF 1CPMPN BZ 377602195 -3014291.72
BOMBRIL SA-ADR BMBBY US 316331265 -123554206
BOMBRIL-RGTS PRE BOBR2 BZ 316331265 -123554206
BOMBRIL SA-ADR BMBPY US 316331265 -123554206
BOMBRIL BOBR3 BZ 316331265 -123554206
BOMBRIL CIRIO-PF BOBRPN BZ 316331265 -123554206
BOMBRIL-PREF BOBR4 BZ 316331265 -123554206
BOMBRIL CIRIO SA BOBRON BZ 316331265 -123554206
BOMBRIL-RIGHTS BOBR1 BZ 316331265 -123554206
BOMBRIL BMBBF US 316331265 -123554206
TELEBRAS-CM RCPT RCTB32 BZ 269372906 -13465060.7
TELEBRAS-ADR TBX GR 269372906 -13465060.7
TELEBRAS-CEDE PF RCT4D AR 269372906 -13465060.7
TELEBRAS-PF RCPT TLBRUP BZ 269372906 -13465060.7
TELEBRAS-RECEIPT TLBRUO BZ 269372906 -13465060.7
TELEBRAS-CEDEA $ TEL4D AR 269372906 -13465060.7
TELEBRAS-ADR RTB US 269372906 -13465060.7
TELEBRAS-ADR TBRAY GR 269372906 -13465060.7
TELEBRAS-RCT RCTB33 BZ 269372906 -13465060.7
TELEBRAS/W-I-ADR TBH-W US 269372906 -13465060.7
TELEBRAS-ADR TBAPY US 269372906 -13465060.7
TELEBRAS-RTS CMN TCLP1 BZ 269372906 -13465060.7
TELEBRAS-PF RCPT TBAPF US 269372906 -13465060.7
TELEBRAS-CM RCPT TBRTF US 269372906 -13465060.7
TELEBRAS SA-RT TELB9 BZ 269372906 -13465060.7
TELEBRAS-BLOCK TELB30 BZ 269372906 -13465060.7
TELECOMUNICA-ADR 81370Z BZ 269372906 -13465060.7
TELEBRAS SA-PREF TELB4 BZ 269372906 -13465060.7
TELEBRAS-PF BLCK TELB40 BZ 269372906 -13465060.7
TELEBRAS-RTS PRF RCTB2 BZ 269372906 -13465060.7
TELEBRAS-CEDE PF RCT4C AR 269372906 -13465060.7
TELEBRAS SA TBASF US 269372906 -13465060.7
TELEBRAS-CEDE PF RCTB4 AR 269372906 -13465060.7
TELEBRAS-ADR TBH US 269372906 -13465060.7
TELEBRAS-RTS CMN RCTB1 BZ 269372906 -13465060.7
TELEBRAS-COM RT TELB1 BZ 269372906 -13465060.7
TELEBRAS-CEDE BL RCT4B AR 269372906 -13465060.7
TELEBRAS-RTS PRF TLCP2 BZ 269372906 -13465060.7
TELEBRAS-RCT PRF TELB10 BZ 269372906 -13465060.7
TELEBRAS-CEDE PF TELB4 AR 269372906 -13465060.7
TELEBRAS-PF RCPT RCTB42 BZ 269372906 -13465060.7
TELEBRAS-CED C/E TEL4C AR 269372906 -13465060.7
TELEBRAS-CM RCPT RCTB31 BZ 269372906 -13465060.7
TELEBRAS SA TELB3 BZ 269372906 -13465060.7
TELEBRAS-ADR TBASY US 269372906 -13465060.7
TELEBRAS-PF RCPT CBRZF US 269372906 -13465060.7
TELEBRAS SA TLBRON BZ 269372906 -13465060.7
TELEBRAS-PF RCPT RCTB41 BZ 269372906 -13465060.7
HOTEIS OTHON SA HOOT3 BZ 255036150 -42606769.7
HOTEIS OTHON-PRF HOOT4 BZ 255036150 -42606769.7
HOTEIS OTHON-PRF HOTHPN BZ 255036150 -42606769.7
HOTEIS OTHON SA HOTHON BZ 255036150 -42606769.7
TEKA-PREF TKTPF US 246866965 -392777063
TEKA-ADR TEKAY US 246866965 -392777063
TEKA-PREF TEKA4 BZ 246866965 -392777063
TEKA-ADR TKTPY US 246866965 -392777063
TEKA TEKA3 BZ 246866965 -392777063
TEKA-PREF TEKAPN BZ 246866965 -392777063
TEKA TEKAON BZ 246866965 -392777063
TEKA TKTQF US 246866965 -392777063
TEKA-ADR TKTQY US 246866965 -392777063
PET MANG-RECEIPT RPMG10 BZ 231024467 -184606117
PET MANGUINH-PRF RPMG4 BZ 231024467 -184606117
PET MANG-RT 4115360Q BZ 231024467 -184606117
PET MANG-RT RPMG1 BZ 231024467 -184606117
PET MANG-RIGHTS 3678565Q BZ 231024467 -184606117
PET MANG-RECEIPT RPMG9 BZ 231024467 -184606117
PETRO MANGUINHOS RPMG3 BZ 231024467 -184606117
PET MANG-RIGHTS 3678569Q BZ 231024467 -184606117
PET MANG-RT RPMG2 BZ 231024467 -184606117
PET MANG-RT 4115364Q BZ 231024467 -184606117
PETRO MANGUINHOS MANGON BZ 231024467 -184606117
PETRO MANGUIN-PF MANGPN BZ 231024467 -184606117
SANSUY-PREF A SNSY5 BZ 172563384 -94849032.9
SANSUY SA-PREF A SNSYAN BZ 172563384 -94849032.9
SANSUY SNSY3 BZ 172563384 -94849032.9
SANSUY-PREF B SNSY6 BZ 172563384 -94849032.9
SANSUY SA SNSYON BZ 172563384 -94849032.9
SANSUY SA-PREF B SNSYBN BZ 172563384 -94849032.9
DOC IMBITUBA IMBI3 BZ 96977064 -42592602.5
DOCAS IMBITUB-PR IMBIPN BZ 96977064 -42592602.5
DOCAS IMBITUBA IMBION BZ 96977064 -42592602.5
DOC IMBITUB-PREF IMBI4 BZ 96977064 -42592602.5
DOC IMBITUBA-RTC 8174503Q BZ 96977064 -42592602.5
DOC IMBITUBA-RT 8218594Q BZ 96977064 -42592602.5
DOC IMBITUBA-RTP 8174507Q BZ 96977064 -42592602.5
DOC IMBITUBA-RT IMBI1 BZ 96977064 -42592602.5
VARIG PART EM-PR VPSC4 BZ 83017829 -495721700
VARIG PART EM SE VPSC3 BZ 83017829 -495721700
TEXTEIS RENAU-RT TXRX2 BZ 73095834 -103943206
TEXTEIS RENAUX RENXON BZ 73095834 -103943206
TEXTEIS RENA-RCT TXRX10 BZ 73095834 -103943206
TEXTEIS RENAU-RT TXRX1 BZ 73095834 -103943206
TEXTEIS RENAUX RENXPN BZ 73095834 -103943206
TEXTEIS RENA-RCT TXRX9 BZ 73095834 -103943206
RENAUXVIEW SA-PF TXRX4 BZ 73095834 -103943206
RENAUXVIEW SA TXRX3 BZ 73095834 -103943206
FABRICA RENAUX-P FTRX4 BZ 63865882 -73255215.1
FABRICA RENAUX FRNXON BZ 63865882 -73255215.1
FABRICA TECID-RT FTRX1 BZ 63865882 -73255215.1
FABRICA RENAUX-P FRNXPN BZ 63865882 -73255215.1
FABRICA RENAUX FTRX3 BZ 63865882 -73255215.1
MINUPAR-RT MNPR1 BZ 63144534 -60655823.4
MINUPAR SA MNPRON BZ 63144534 -60655823.4
MINUPAR MNPR3 BZ 63144534 -60655823.4
MINUPAR SA-PREF MNPRPN BZ 63144534 -60655823.4
MINUPAR-RCT MNPR9 BZ 63144534 -60655823.4
VARIG PART EM TR VPTA3 BZ 49432124 -399290396
VARIG PART EM-PR VPTA4 BZ 49432124 -399290396
CIMOB PARTIC SA GAFON BZ 44047412 -45669963.6
CIMOB PART-PREF GAFP4 BZ 44047412 -45669963.6
CIMOB PART-PREF GAFPN BZ 44047412 -45669963.6
CIMOB PARTIC SA GAFP3 BZ 44047412 -45669963.6
BOTUCATU-PREF STRP4 BZ 27663605 -7174512.03
STAROUP SA STARON BZ 27663605 -7174512.03
BOTUCATU TEXTIL STRP3 BZ 27663605 -7174512.03
STAROUP SA-PREF STARPN BZ 27663605 -7174512.03
CONST BETER-PF B COBE6 BZ 25469474 -4918659.9
CONST BETER SA 1COBON BZ 25469474 -4918659.9
CONST BETER-PF A 1COBAN BZ 25469474 -4918659.9
CONST BETER-PR A COBEAN BZ 25469474 -4918659.9
CONST BETER SA COBEON BZ 25469474 -4918659.9
CONST BETER-PR B COBEBN BZ 25469474 -4918659.9
CONST BETER-PF A COBE5 BZ 25469474 -4918659.9
CONST BETER SA 1007Q BZ 25469474 -4918659.9
CONST BETER SA COBE3B BZ 25469474 -4918659.9
CONST BETER-PF B 1COBBN BZ 25469474 -4918659.9
CONST BETER SA COBE3 BZ 25469474 -4918659.9
STEEL - RCT ORD STLB9 BZ 23040051 -8699861.07
STEEL - RT STLB1 BZ 23040051 -8699861.07
STEEL DO BRASIL STLB3 BZ 23040051 -8699861.07
FERRAGENS HAGA HAGAON BZ 21299043 -62858780.7
HAGA HAGA3 BZ 21299043 -62858780.7
FERRAGENS HAGA-P HAGAPN BZ 21299043 -62858780.7
FER HAGA-PREF HAGA4 BZ 21299043 -62858780.7
CAFE BRASILIA SA CSBRON BZ 21097370 -903951461
CAFE BRASILIA-PR CSBRPN BZ 21097370 -903951461
CAF BRASILIA-PRF CAFE4 BZ 21097370 -903951461
CAF BRASILIA CAFE3 BZ 21097370 -903951461
TECEL S JOSE-PRF SJOS4 BZ 19067323 -52580501.1
TECEL S JOSE SJOS3 BZ 19067323 -52580501.1
TECEL S JOSE-PRF FTSJPN BZ 19067323 -52580501.1
TECEL S JOSE FTSJON BZ 19067323 -52580501.1
NORDON MET NORD3 BZ 16108143 -22352940.6
NORDON METAL NORDON BZ 16108143 -22352940.6
NORDON MET-RTS NORD1 BZ 16108143 -22352940.6
REII INC REIC US 14423532 -3506007
B&D FOOD CORP BDFCE US 14423532 -3506007
LATTENO FOOD COR LATF US 14423532 -3506007
B&D FOOD CORP BDFC US 14423532 -3506007
CHIARELLI SA-PRF CCHI4 BZ 14300741 -46729432.5
CHIARELLI SA CCHI3 BZ 14300741 -46729432.5
CHIARELLI SA-PRF CCHPN BZ 14300741 -46729432.5
CHIARELLI SA CCHON BZ 14300741 -46729432.5
GAZOLA-RCPT PREF GAZO10 BZ 12452144 -40298531.2
GAZOLA SA GAZON BZ 12452144 -40298531.2
GAZOLA SA-DVD PF GAZO12 BZ 12452144 -40298531.2
GAZOLA SA-PREF GAZPN BZ 12452144 -40298531.2
GAZOLA-RCPTS CMN GAZO9 BZ 12452144 -40298531.2
GAZOLA-PREF GAZO4 BZ 12452144 -40298531.2
GAZOLA GAZO3 BZ 12452144 -40298531.2
GAZOLA SA-DVD CM GAZO11 BZ 12452144 -40298531.2
ARTHUR LANG-RT P ARLA2 BZ 11642256 -17154461.9
ARTHUR LAN-DVD P ARLA12 BZ 11642256 -17154461.9
ARTHUR LANG-RT C ARLA1 BZ 11642256 -17154461.9
ARTHUR LANG-RC C ARLA9 BZ 11642256 -17154461.9
ARTHUR LANG-RC P ARLA10 BZ 11642256 -17154461.9
ARTHUR LAN-DVD C ARLA11 BZ 11642256 -17154461.9
ARTHUR LANGE-PRF ALICPN BZ 11642256 -17154461.9
ARTHUR LANGE SA ALICON BZ 11642256 -17154461.9
FERREIRA GUIM-PR FGUIPN BZ 11016542 -151840377
FERREIRA GUIMARA FGUION BZ 11016542 -151840377
CHILE
CHILESAT CORP SA TELEX CI 1.075E+09 -61844614.3
CHILESAT CO-ADR TL US 1.075E+09 -61844614.3
TELMEX CORP SA CHILESAT CI 1.075E+09 -61844614.3
CHILESAT CO-RTS CHISATOS CI 1.075E+09 -61844614.3
TELEX-A TELEXA CI 1.075E+09 -61844614.3
TELMEX CORP-ADR CSAOY US 1.075E+09 -61844614.3
TELEX-RTS TELEXO CI 1.075E+09 -61844614.3
***********
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 * * *