/raid1/www/Hosts/bankrupt/TCRLA_Public/130709.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, July 9, 2013, Vol. 14, No. 134
Headlines
B R A Z I L
BIC ARRENDAMENTO: Moody's May Downgrade All Ratings
GOL LINHAS: S&P Affirms 'B' Corp. Credit Rating; Outlook Negative
C A Y M A N I S L A N D S
ANCHOR POINT: Creditors' Proofs of Debt Due July 23
BASSO CREDIT: Members to Hold Final Meeting on Aug. 1
BEST GROWTH: Creditors' Proofs of Debt Due July 24
CIL LIMITED: Placed Under Voluntary Liquidation
FQ A-SQUARED: Creditors' Proofs of Debt Due July 31
LESMANS INDUSTRIES: Creditors' Proofs of Debt Due Aug. 5
LINCOLN VALE: Creditors' Proofs of Debt Due July 22
MARUENERGY JPS: Creditors' Proofs of Debt Due July 23
METWEST ENHANCED: Creditors' Proofs of Debt Due July 31
QUEST BRAZIL: Creditors' Proofs of Debt Due July 24
SONIC INTERNATIONAL: Creditors' Proofs of Debt Due Aug. 1
STARNOTTO INTERNATIONAL: Creditors' Proofs of Debt Due Aug. 5
SUGAR HILL: Creditors' Proofs of Debt Due July 31
TAM ABSOLUTE: Creditors' Proofs of Debt Due July 23
WGF FEEDER: Placed Under Provisional Liquidation
J A M A I C A
UC RUSAL: Co-Owner Donates Bonus to Incentive Scheme for Workers
M E X I C O
METROFINANCIERA: S&P Retains mxB- Rating on METROCB 06U Notes
* MEXICO: Offers Credit for Homebuilders Battered by Policy Shift
P U E R T O R I C O
LAUSELL INC: Plan Outline Hearing Moved Earlier to July 17
LAUSELL INC: Cash Collateral Access Extended Thru July 31
T R I N I D A D & T O B A G O
* TRINIDAD AND TOBAGO: Inflation Rate Decreased in May
X X X X X X X X
* Large Companies With Insolvent Balance Sheets
- - - - -
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B R A Z I L
===========
BIC ARRENDAMENTO: Moody's May Downgrade All Ratings
---------------------------------------------------
Moody's America Latina has placed on review for possible downgrade
all ratings assigned to BIC -- Arrendamento Mercantil S.A.,
including the long-term global local-currency issuer rating of
Baa3, the long-term Brazilian national scale issuer rating of
Aa1.br, the long-term global local currency subordinated debt
rating of Ba1 and the long-term Brazilian national scale
subordinated debt rating of Aa2.br.
This rating action is in line with the review for downgrade of
Banco Industrial and Comercial S.A. (BICBANCO)'s ratings,
announced on July 5, 2013.
The following ratings of BIC - Arrendamento Mercantil S.A. were
placed on review for downgrade:
Long-term global local currency issuer rating of Baa3
Long-term Brazil national scale issuer rating of Aa1.br
Long-term global local currency subordinated debt rating of Ba1
Long-term Brazilian national scale subordinated debt rating of
Aa2.br
Ratings Rationale:
Moody's explained that the local currency issuer rating derives
from BICBANCO's Baa3 global local currency deposit rating, which
in turn incorporates the bank's standalone credit rating of D+,
which maps to a baseline credit assessment of baa3. The
subordination of the notes was taken into consideration in the
assignment of the debt ratings.
The last rating action on BIC - Arrendamento Mercantil S.A. was on
November 8, 2010, when Moody's assigned long-term global local
currency subordinated debt rating of Ba1 and long-term Brazilian
national scale subordinated debt rating of Aa2.br to BIC Leasing's
R$200 million subordinated, non-convertible two-year debentures.
The principal methodology used in this rating was Global Banks
published in May 2013.
Moody's National Scale Ratings (NSRs) are intended as relative
measures of creditworthiness among debt issues and issuers within
a country, enabling market participants to better differentiate
relative risks. NSRs differ from Moody's global scale ratings in
that they are not globally comparable with the full universe of
Moody's rated entities, but only with NSRs for other rated debt
issues and issuers within the same country. NSRs are designated by
a ".nn" country modifier signifying the relevant country, as in
".mx" for Mexico.
BIC Leasing is headquartered in Fortaleza, Ceara, Brazil and
reported total assets of approximately R$712 million ($348
million) and equity of R$188 million ($92 million) as of
December 31, 2012.
GOL LINHAS: S&P Affirms 'B' Corp. Credit Rating; Outlook Negative
-----------------------------------------------------------------
Standard & Poor's Ratings Services affirmed its 'B' global-scale
corporate credit rating on Gol Linhas Aereas Inteligentes S.A.
(GOL). S&P also affirmed its 'brBBB-' national scale rating on
GOL. At the same time, S&P removed all its ratings on GOL from
CreditWatch, where they were placed with negative implications on
Aug. 15, 2012. The outlook is negative.
The negative outlook reflects the company's current weak credit
metrics and the risks we see that any improvement will take longer
than expected to materialize such as persistent lower demand and
overcapacity in the domestic passenger transportation sector,
preventing the airline from making any significant increase in
passenger revenue per available seat kilometer (PRASK). "At the
same time, costs continue to pressure margins given the recent
devaluation in the Brazilian real of about 10% so far in 2013.
The weak local currency sharpens U.S. dollar-denominated expenses
such as leasing, maintenance, and fuel--collectively about 50% of
the company's total costs--while 90% of Gol's revenues is in local
currency," said Standard & Poor's credit analyst Rafaela Vitoria.
"The ratings reflect our assessment of GOL's business risk profile
as "weak" and financial risk profile as "highly-leveraged." We
believe domestic demand fundamentals remain positive over the
longer term, including favorable demographics and improving income
and employment levels in Brazil. However, excess capacity and the
economic slowdown in the country have kept domestic fares low,
while high fuel prices have hurt GOL's profitability and cash
generation. The slowdown in demand has weakened its revenues
which are primarily generated from domestic flights. We believe
actions to reduce capacity, which are crucial to improve
performance, have taken time to implement and therefore financial
results take longer to consolidate," S&P said.
GOL has lost some market share and has recently presented still
low load factors on its domestic flights as it has cut capacity
more aggressively than its competitors.
==========================
C A Y M A N I S L A N D S
==========================
ANCHOR POINT: Creditors' Proofs of Debt Due July 23
---------------------------------------------------
The creditors of Anchor Point Capital Global Macro Fund Ltd. are
required to file their proofs of debt by July 23, 2013, to be
included in the company's dividend distribution.
The company commenced wind-up proceedings on June 7, 2013.
The company's liquidator is:
Ogier
c/o Madeleine Welham
Telephone: (345) 815 1750
Facsimile: (345) 949 9877
89 Nexus Way, Camana Bay
Grand Cayman KY1-9007
Cayman Islands
BASSO CREDIT: Members to Hold Final Meeting on Aug. 1
------------------------------------------------------
The members of Basso Credit Opportunities Fund Ltd. will hold
their final meeting on Aug. 1, 2013, at 4:00 p.m., to receive the
liquidator's report on the company's wind-up proceedings and
property disposal.
The company's liquidator is:
DMS Corporate Services Ltd
c/o Ronan Guilfoyle
Telephone: (345) 946 7665
Facsimile: (345) 946 7666
dms House, 2nd Floor
P.O. Box 1344 Grand Cayman KY1-1108
Cayman Islands
BEST GROWTH: Creditors' Proofs of Debt Due July 24
--------------------------------------------------
The creditors of Best Growth Fund SPC are required to file their
proofs of debt by July 24, 2013, to be included in the company's
dividend distribution.
The company commenced wind-up proceedings on June 20, 2013.
The company's liquidator is:
Gene Dacosta
c/o Noel Webb
Telephone: (345) 814 7394
Facsimile: (345) 945 3902
P.O. Box 2681 Grand Cayman KY1-1111
Cayman Islands
CIL LIMITED: Placed Under Voluntary Liquidation
-----------------------------------------------
On May 14, 2013, CIL Limited was placed under voluntary
liquidation.
The company's liquidator is:
Matthew Wright
Telephone: (345) 949 7576
Facsimile: (345) 949 8295
PO Box 897 Windward 1
Regatta Office Park
Grand Cayman KY1-1103
Cayman Islands
FQ A-SQUARED: Creditors' Proofs of Debt Due July 31
---------------------------------------------------
The creditors of FQ A-Squared Fund Ltd. are required to file their
proofs of debt by July 31, 2013, to be included in the company's
dividend distribution.
The company commenced liquidation proceedings on June 20, 2013.
The company's liquidator is:
Mourant Ozannes Cayman Liquidators Limited
Mourant Ozannes
Reference: Christine Fletcher
Telephone: +1 (345) 949 4123
Facsimile: +1 (345) 949 4647; or
Mourant Ozannes Cayman Liquidators Limited
Reference: Peter Goulden
Telephone: +1 (345) 949 4123
Facsimile: +1 (345) 949 4647
94 Solaris Avenue Camana Bay
P.O. Box 1348 Grand Cayman KY1-1108
Cayman Islands
LESMANS INDUSTRIES: Creditors' Proofs of Debt Due Aug. 5
--------------------------------------------------------
The creditors of Lesmans Industries Ltd. are required to file
their proofs of debt by Aug. 5, 2013, to be included in the
company's dividend distribution.
The company commenced wind-up proceedings on June 12, 2013.
The company's liquidator is:
MBT Trustees Ltd.
Telephone: 945 8859
Facsimile: 949 9793/4
MBT Trustees Ltd.
P.O. Box 30622 Grand Cayman KY1-1203
Cayman Islands
LINCOLN VALE: Creditors' Proofs of Debt Due July 22
---------------------------------------------------
The creditors of Lincoln Vale European Partners Fund are required
to file their proofs of debt by July 22, 2013, to be included in
the company's dividend distribution.
The company commenced liquidation proceedings on June 21, 2013.
The company's liquidator is:
CDL Company Ltd.
P.O. Box 31106
Grand Cayman KY1-1205
Cayman Islands
MARUENERGY JPS: Creditors' Proofs of Debt Due July 23
------------------------------------------------------
The creditors of Maruenergy JPS (Cayman Islands) Finance Ltd are
required to file their proofs of debt by July 23, 2013, to be
included in the company's dividend distribution.
The company commenced wind-up proceedings on June 11, 2013.
The company's liquidator is:
Ogier
c/o Mark Santangeli
Telephone: (345) 815 1766
Facsimile: (345) 949 9877
89 Nexus Way, Camana Bay
Grand Cayman KY1-9007
Cayman Islands
METWEST ENHANCED: Creditors' Proofs of Debt Due July 31
--------------------------------------------------------
The creditors of Metwest Enhanced Talf Strategy Fund, Ltd. are
required to file their proofs of debt by July 31, 2013, to be
included in the company's dividend distribution.
The company commenced liquidation proceedings on June 20, 2013.
The company's liquidator is:
Mourant Ozannes Cayman Liquidators Limited
Mourant Ozannes
Reference: Christine Fletcher
Telephone: +1 (345) 949 4123
Facsimile: +1 (345) 949 4647; or
Mourant Ozannes Cayman Liquidators Limited
Reference: Peter Goulden
Telephone: +1 (345) 949 4123
Facsimile: +1 (345) 949 4647
94 Solaris Avenue Camana Bay
P.O. Box 1348 Grand Cayman KY1-1108
Cayman Islands
QUEST BRAZIL: Creditors' Proofs of Debt Due July 24
---------------------------------------------------
The creditors of Quest Brazil Macro Fund SPC are required to file
their proofs of debt by July 24, 2013, to be included in the
company's dividend distribution.
The company commenced wind-up proceedings on June 10, 2013.
The company's liquidator is:
Ogier
c/o Kate O'Neill
Telephone: (345) 815 1822
Facsimile: (345) 949 9877
89 Nexus Way, Camana Bay
Grand Cayman KY1-9007
Cayman Islands
SONIC INTERNATIONAL: Creditors' Proofs of Debt Due Aug. 1
----------------------------------------------------------
The creditors of Sonic International Cayman Limited are required
to file their proofs of debt by Aug. 1, 2013, to be included in
the company's dividend distribution.
The company commenced liquidation proceedings on June 19, 2013.
The company's liquidator is:
Portcullis Trustnet (Cayman) Ltd
c/o Michelle R. Bodden-Moxam
Telephone: (345) 946 6145
Facsimile: (345) 946 6146
The Grand Pavilion Commercial Centre
Oleander Way, 802 West Bay Road
P.O. Box 32052 Grand Cayman KY1-1208
Cayman Islands
STARNOTTO INTERNATIONAL: Creditors' Proofs of Debt Due Aug. 5
--------------------------------------------------------------
The creditors of Starnotto International Ltd. are required to file
their proofs of debt by Aug. 5, 2013, to be included in the
company's dividend distribution.
The company commenced wind-up proceedings on June 10, 2013.
The company's liquidator is:
MBT Trustees Ltd.
Telephone: 945 8859
Facsimile: 949 9793/4
P.O. Box 30622 Grand Cayman KY1-1203
Cayman Islands
SUGAR HILL: Creditors' Proofs of Debt Due July 31
-------------------------------------------------
The creditors of Sugar Hill Investments Ltd. are required to file
their proofs of debt by July 31, 2013, to be included in the
company's dividend distribution.
The company commenced wind-up proceedings on June 21, 2013.
The company's liquidator is:
Buchanan Limited
c/o Allison Kelly
Telephone: (345) 949 0355
Facsimile: (345) 949 0360
P.O. Box 1170, George Town
Grand Cayman KY1-1102
Cayman Islands
TAM ABSOLUTE: Creditors' Proofs of Debt Due July 23
---------------------------------------------------
The creditors of Tam Absolute Return Fund Limited are required to
file their proofs of debt by July 23, 2013, to be included in the
company's dividend distribution.
The company commenced liquidation proceedings on May 30, 2013.
The company's liquidator is:
Mike Saville
c/o Peter Bigwood
10 Market Street #765, Camana Bay
Grand Cayman
Cayman Islands KY1 9006
Telephone: (345) 949 7100
Facsimile: (345) 949 7120
WGF FEEDER: Placed Under Provisional Liquidation
------------------------------------------------
On June 14, 2013, the Grand Court of the Cayman Islands entered an
order to place WGF Feeder Fund under provisional liquidation.
The company's provisional liquidators are:
K. Beighton
A. Lawson
KPMG
P.O. Box 493, Century Yard
Cricket Square, Grand Cayman KY1-1106
Cayman Islands
Telephone: (345) 815 2608
Facsimile: (345) 949 7164
=============
J A M A I C A
=============
UC RUSAL: Co-Owner Donates Bonus to Incentive Scheme for Workers
----------------------------------------------------------------
RJR News reports that Oleg Deripaska, co-owner of aluminum giant
UC Rusal, has introduced a bonus scheme to reward promising
employees using his own bonus money.
Mr. Deripaska will put the US$3 million bonus he received last
year into a special trust to reward the company's best workers,
according to RJR News.
The trust will gradually acquire up to 0.05 per cent of UC Rusal's
shares, the report notes.
RJR News relates that the company will also compensate employees
for any tax liabilities that arise on the value of the stock.
Ninety per cent of those eligible for the reward are factory
workers based in Russia or abroad, the report relays.
The report adds that about 120 workers will be selected to receive
bonuses in the first round of awards, expected to take place
before July 20.
UC Rusal has a stake in the Alpart and Kirkvine alumina refineries
in Jamaica, the report says.
* * *
As reported in the Troubled Company Reporter-Latin America on
April 25, 2013, RJR News reported that UC Rusal said its financial
losses for 2012 were bigger than initially reported. The company
has revised its net loss to US$337 million from the US$55 million
US dollar loss reported the previous month, according to RJR News.
The report related that UC Rusal said the adjustment was made
after reviewing its share of profit from its subsidiary Norilsk
Nickel. UC Rusal, the report added, said the adjusted financial
statements have been reviewed by its auditor.
TCRLA reported on Sept. 28, 2012, that RJR News said UC Rusal
expects to reach a deal with its lenders within six months to
refinance part of an US$11 billion debt burden. It said it will
agree to new loan conditions by the end of 2012 before its
covenant holiday expires, according to RJR News.
===========
M E X I C O
===========
METROFINANCIERA: S&P Retains mxB- Rating on METROCB 06U Notes
-------------------------------------------------------------
Standard & Poor's Ratings Services said that seven of its long-
term ratings on Mexican residential mortgage-backed securities
(RMBS) transactions originated and serviced by Metrofinanciera
S.A.P.I. de C.V. SOFOM E.N.R. (Metrofinanciera) remain on
CreditWatch, where they were placed with negative implications on
April 9, 2013.
The continued CreditWatch listing for these ratings reflects S&P's
view that operative risks related to the legal process held
against Metrofinanciera, which acts as primary servicer, have not
been completely mitigated.
Although part of the collections have been deposited in unfrozen
or unaffected accounts of Metrofinanciera and have been available
to be distributed to pay debt service, there is some other part
that continues to be received into frozen accounts; as a
consequence, this is not available to make any debt service
payments. Given that the legal process against Metrofinanciera
still continues and the uncertainty of how long the process will
take, it is unclear when these monies will be released and
distributed. S&P will evaluate the possible negative impact on
the credit enhancement levels of the transactions and the
underlying portfolios' performance, and if this surpasses S&P's
projections, it may lower its ratings.
Additionally, Metrofinanciera and the trustees have started
processes in order that borrowers deposit their payments directly
into the trusts' accounts to mitigate the risk of having
collections deposited in frozen accounts; however, this process
has yet to be completed.
STANDARD & POOR'S 17G-7 DISCLOSURE REPORT
SEC Rule 17g-7 requires an NRSRO, for any report accompanying a
credit rating relating to an asset-backed security as defined in
the Rule, to include a description of the representations,
warranties, and enforcement mechanisms available to investors and
a description of how they differ from the representations,
warranties, and enforcement mechanisms in issuances of
similar securities. The Rule applies to in-scope securities
initially rated (including preliminary ratings) on or after
Sept. 26, 2011.
If applicable, the Standard & Poor's 17g-7 Disclosure Report
included in this credit rating report is available at:
http://standardandpoorsdisclosure-17g7.com
RATINGS REMAINING ON CREDITWATCH NEGATIVE
Metrofinanciera - Bursatilizaciones de Hipotecas Residenciales
Series Maturity Rating
METROCB 04U 11/11/2033 mxAA (sf)/Watch Neg
METROCB 05U 2/20/2034 mxA+ (sf)/Watch Neg
MFCB 05U 10/24/2033 mxBBB+ (sf)/Watch Neg
METROCB 06U 11/14/2033 mxB- (sf)/Watch Neg
Metrofinanciera - Bursatilizaciones de Hipotecas Residenciales II
Series Maturity Rating
MTROCB 07U 12/1/2033 CCC (sf)/Watch Neg
MTROCB 07U 12/1/2033 mxB- (sf)/Watch Neg
MTROCB 08U 4/1/2033 CCC+ (sf)/Watch Neg
MTROCB 08U 4/1/2033 mxB (sf)/Watch Neg
MTROFCB 08 6/1/2039 mxAA (sf)/Watch Neg
* MEXICO: Offers Credit for Homebuilders Battered by Policy Shift
-----------------------------------------------------------------
Jonathan Levin at Bloomberg News reports that Mexico's government
promised to help increase lending to homebuilders to sustain
construction as the industry's biggest companies reduce output and
move to restructure debt.
Deputy Finance Minister Fernando Aportela said development banks
will provide at least MXN5 billion ($387 million) of eight-year
syndicated credit lines, according Bloomberg News.
Bloomberg News relates that the lines, issued through Sociedad
Hipotecaria Federal and Nacional Financiera, will produce about
50,000 homes, Mr. Aportela told reporters in Mexico City on June
28.
Bloomberg News notes that the government will also offer
guarantees for bond sales of about MXN5 billion so that issuances
can receive higher credit ratings and attract investors such as
pension funds and insurance companies, Mr. Aportela said.
Bloomberg New says that the measures are part of the government's
plan to arrest urban sprawl without prompting further contraction
in the homebuilding industry or impeding efforts to address a
housing shortage.
While the strategy pushes development toward urban areas, it also
provides some concessions to help builders adapt to a shift in
subsidies that's reduced demand for outlying communities, where
the biggest companies have accumulated land, Bloomberg New
discloses.
Bloomberg New relates that Desarrolladora Homex SAB, Corp. Geo SAB
and Urbi Desarrollos Urbanos SAB, Mexico's three biggest publicly
traded homebuilders, are scaling back construction and considering
restructuring debt after cash plummeted this year, partly due to
the government's emphasis on urban development. The policy shift
follows a wave of home abandonment in the subsidized communities
as Mexicans reject multiple-hour commutes to work and return to
city living, even if it means bunking with friends or relatives,
Bloomberg New relays.
Cash Slump
Bloomberg News says that the cash slump of the industry's biggest
companies has "reduced the appetite of some financial
intermediaries for financing the sector," Mr. Aportela said.
"We're using the development-bank products to supplement that
appetite," he added.
Bloomberg New notes that the banks plan to start disbursing funds
from the syndicated credit line "over the next few weeks" and the
bond-backing program should be ready in about two months, Luis
Madrazo, head of the development-banking unit at the Finance
Ministry, said June 28 in a separate conference call with
investors. Most of the rest of the government's housing-strategy
changes will go into effect in January 2014.
Bloomberg New relays that some companies have been left with
reserves of rural terrain, intended for the creation of commuter
towns with homes often worth around $20,000, as the government
insists its subsidies must focus on urban development in areas
with pricier land.
Bloomberg News discloses that Homex, Geo and Urbi all saw cash
balances drop at least 85 percent in the first quarter. All three
have been downgraded by ratings agencies after they missed
interest payments on bonds, Bloomberg New adds.
Increasing Subsidies
Bloomberg New notes that the government is also increasing
subsidies this year by 26 percent as an additional boost to the
industry, said Jorge Carlos Ramirez Marin, minister of urban and
agrarian territorial development, who spoke at the press
conference.
Bloomberg New discloses that Mr. Martin said that while the
government mostly maintained its definition of city limits, it
created a path to subsidy eligibility for outlying neighborhoods
already under development. It also tweaked some criteria that
the government said will allow for greater subsidy disbursement
per applicant, while at the same time ensuring higher-quality
homes, Bloomberg News notes.
Point System
Bloomberg News relays that the subsidy program uses a point system
to determine whether a property can be purchased with federal
help. The 0-1,000 grading scale accounts for quality of location,
population density, proximity to jobs and availability of
services, Bloomberg New discloses.
Bloomberg News, citing, a document distributed at the press
conference, relates that Mexico's housing shortage, combined with
demographic growth, means Latin America's second-biggest economy
needs 300,000 to 400,000 new homes a year. As of 2015,
developments' location and proximity to jobs and services will
also determine whether home buyers can get credit from state-
backed mortgage lenders to buy property, the ministry said, with
far-away homes less likely to qualify for loans, Bloomberg News
notes.
Bloomberg News adds that the government estimates that 68 percent
of companies' registered land reserves will be eligible for
subsidies under the new classification system.
=====================
P U E R T O R I C O
=====================
LAUSELL INC: Plan Outline Hearing Moved Earlier to July 17
----------------------------------------------------------
The hearing on the approval of the Disclosure Statement explaining
the Plan of Lausell Inc. has been rescheduled to July 17, 2013, at
9:00 a.m. from the earlier set date of August 7, 2013.
Objections to the Disclosure Statement should be in writing and
served on the parties-in-interest no less than 14 days before the
July 17 hearing.
As reported in the June 19, 2013 edition of The Troubled Company
Reporter, the Disclosure Statement relates that holders of allowed
general unsecured claims (Class 6) in Lausell Inc. are impaired
and will recover 2% of their claim amount. Payment of the Class 6
Claims will come from the $50,000 carve out to be reserved from
the proceeds of the sale of the Debtor's assets to La Re. La Re,
as Purchaser, will provide a Cash payment to fund the Plan
sufficient to (i) settle in full the secured claims of First Bank
Puerto Rico and Citibank, N.A., for $5,600,000, in Cash; (ii) and
will assume certain of Debtor's debts for $3,080,489, including
the claim of Puerto Rico Industrial Development Co. (Class 2).
A full-text copy of the Disclosure Statement dated June 3, 2013,
is available for free at:
http://bankrupt.com/misc/LAUSELLds0603.pdf
About Lausell Inc.
Lausell, Inc., filed a bare-bones Chapter 11 petition (Bankr.
D.P.R. Case No. 12-02918) on April 17, 2012, in Old San Juan,
Puerto Rico. Lausell, also known as Aluminio Del Caribe, is a
manufacturer of windows and doors.
Bankruptcy Judge Mildred Caban Flores oversees the case. Charles
Alfred Cuprill, Esq., at Charles A. Curpill, P.S.C. Law Offices,
in San Juan, Puerto Rico, serves as counsel to the Debtor.
The Bayamon, Puerto Rico-based company disclosed $34,059,950 in
assets and liabilities of $24,489,414 in its amended schedules.
LAUSELL INC: Cash Collateral Access Extended Thru July 31
---------------------------------------------------------
Lausell Inc. and its lenders, Firstbank Puerto Rico, and Citibank
N.A., sought and obtained bankruptcy court approval of a
stipulation for an extended cash collateral access for the Debtor
through July 31, 2013.
The total authorized use of Cash Collateral is $3,571,347.
As adequate protection, the Banks are granted a replacement lien
and a post-petition security interest on all of the assets and
collateral acquired by the Debtor on or after the Petition Date.
As additional adequate protection, the Banks are granted a super-
priority claim in an amount equal to any diminution in value of
their prepetition collateral.
The Debtor and its affiliate La-Re 2, LLC have requested and
reportedly obtained postpetition financing from Economic
Development Bank in order to pay off the Loans with the Banks, in
a DPO transaction for the reduced amount of $5.6 million. The
Banks stipulate to allow the Debtor and La-Re the time to finalize
its loan application process with EDB.
Firstbank is represented by Rafael A. Gonzalez Valiente, Esq., of
LATIMER, BIAGGI, RACHID & GODREAU, in San Juan, Puerto Rico.
Citibank N.A. is represented by Jose F. Cardona Jimenez, Esq., of
CARDONA JIMENEZ LAW OFFICE, in San Juan, Puerto Rico.
About Lausell Inc.
Lausell, Inc., filed a bare-bones Chapter 11 petition (Bankr.
D.P.R. Case No. 12-02918) on April 17, 2012, in Old San Juan,
Puerto Rico. Lausell, also known as Aluminio Del Caribe, is a
manufacturer of windows and doors.
Bankruptcy Judge Mildred Caban Flores oversees the case. Charles
Alfred Cuprill, Esq., at Charles A. Curpill, P.S.C. Law Offices,
in San Juan, Puerto Rico, serves as counsel to the Debtor.
The Bayamon, Puerto Rico-based company disclosed $34,059,950 in
assets and liabilities of $24,489,414 in its amended schedules.
===============================
T R I N I D A D & T O B A G O
===============================
* TRINIDAD AND TOBAGO: Inflation Rate Decreased in May
------------------------------------------------------
Trinidad Express reports that the Retail Price Index for the month
of May 2013 released by the Central Statistical Office (CSO),
Ministry of Planning and Sustainable Development indicated that
headline inflation was 5.6 per cent for the period May 2013/May
2012.
This represented a decrease from 12.6 per cent for the comparative
period May 2012/May 2011, the ministry said in a statement July 4,
according to Trinidad Express.
The report notes that food price inflation for the period May
2013/May 2012 was 9.6 per cent. This was in main part due to
increases in the prices of ochroes, chive, thyme, limes, dasheen,
celery, melongene, christophene, irish potatoes, whole chickens
and mangoes, Trinidad Express relates. With regard to the Index
for Food and Non Alcoholic Beverages, there was a 1.0 per cent
increase in prices for the period April to May 2013, the report
says.
The report relates that this was in main part due to increases in
the price of limes, chives, thyme, tomatoes, melongenes, sweet
potatoes, christophenes, cucumbers, dasheen, Irish potatoes and
green pigeon peas.
The report says that however, the full impact of these price
increases was offset by the general decrease in prices of hot
peppers, celery, oranges, pawpaw, ochroes, avocado, carite,
cavalli, mangoes and bodi.
The report notes that core inflation which filters out the impact
of food prices was 2.4 per cent for the period May 2013/May 2012,
which reflects an increase of 0.2 per cent over the period May
2012/May 2011.
Trinidad Express discloses that this increase was due in main part
to increases in Miscellaneous Goods and Services (6.5 per cent),
Health (5.3 per cent), Education (5.2 per cent), Hotels, Alcoholic
Beverages and Tobacco (4.8 per cent), Hotels, Cafes and
Restaurants (4.3 per cent), Recreation and Culture (3.0 per cent)
and Transport (2.3 per cent).
===============
X X X X X X X X
===============
* Large Companies With Insolvent Balance Sheets
-----------------------------------------------
Total
Total Shareholders
Assets Equity
Company Ticker (US$MM) (US$MM)
------- ------ --------- ------------
FABRICA TECID-RT FTRX1 BZ 66603693.6 -76419244.2
TEKA-ADR TEKAY US 407967021 -392649052
BOMBRIL BMBBF US 359985634 -12154088.6
TEKA TKTQF US 407967021 -392649052
TEKA-PREF TKTPF US 407967021 -392649052
SNIAFA SA-B SDAGF US 11229696.2 -2670544.88
PUYEHUE RIGHT PUYEHUOS CI 25722049 -4310587.75
VULCABRAS-RIGHT VULC1 BZ 656823700 -17327661.6
VULCABRAS-RIGHT VULC2 BZ 656823700 -17327661.6
VULCABRAS-RECEIP VULC9 BZ 656823700 -17327661.6
VULCABRAS-REC PR VULC10 BZ 656823700 -17327661.6
BATTISTELLA-RIGH BTTL1 BZ 158330518 -36518145.6
BATTISTELLA-RI P BTTL2 BZ 158330518 -36518145.6
BATTISTELLA-RECE BTTL9 BZ 158330518 -36518145.6
BATTISTELLA-RECP BTTL10 BZ 158330518 -36518145.6
AGRENCO LTD-BDR AGEN11 BZ 325151004 -611658179
REII INC REIC US 14423532 -3506007
PET MANG-RIGHTS 3678565Q BZ 246810937 -224879124
PET MANG-RIGHTS 3678569Q BZ 246810937 -224879124
PET MANG-RECEIPT 0229292Q BZ 246810937 -224879124
PET MANG-RECEIPT 0229296Q BZ 246810937 -224879124
CENTRAL COSTAN-B CRCBF US 355868838 -87473853.3
LUPATECH SA LUPA3 BZ 754879275 -127862714
REDE EMP ENE ELE ELCA4 BZ 1164635971 -23251158
REDE EMP ENE ELE ELCA3 BZ 1164635971 -23251158
BOMBRIL HOLDING FPXE3 BZ 19416015.8 -489914902
BOMBRIL FPXE4 BZ 19416015.8 -489914902
SANESALTO SNST3 BZ 24630103.9 -10366431.8
B&D FOOD CORP BDFCE US 14423532 -3506007
BOMBRIL-RGTS PRE BOBR2 BZ 359985634 -12154088.6
BOMBRIL-RIGHTS BOBR1 BZ 359985634 -12154088.6
LAEP-BDR MILK11 BZ 222902263 -255311019
AGRENCO LTD AGRE LX 325151004 -611658179
LAEP INVESTMENTS LEAP LX 222902263 -255311019
LUPATECH SA LUPAF US 754879275 -127862714
REDE ENERG-UNIT REDE11 BZ 1164635971 -23251158
CELGPAR GPAR3 BZ 2657428496 -817505840
RECRUSUL - RT 4529781Q BZ 48003655.5 -18502124.9
RECRUSUL - RT 4529785Q BZ 48003655.5 -18502124.9
RECRUSUL - RCT 4529789Q BZ 48003655.5 -18502124.9
RECRUSUL - RCT 4529793Q BZ 48003655.5 -18502124.9
REDE ENER-RT 3907727Q BZ 1164635971 -23251158
REDE ENER-RCT 3907731Q BZ 1164635971 -23251158
RECRUSUL-BON RT RCSL11 BZ 48003655.5 -18502124.9
RECRUSUL-BON RT RCSL12 BZ 48003655.5 -18502124.9
BALADARE BLDR3 BZ 159454016 -52992212.8
TEXTEIS RENAU-RT TXRX1 BZ 97868151.6 -91899413.1
TEXTEIS RENAU-RT TXRX2 BZ 97868151.6 -91899413.1
TEXTEIS RENA-RCT TXRX9 BZ 97868151.6 -91899413.1
TEXTEIS RENA-RCT TXRX10 BZ 97868151.6 -91899413.1
CIA PETROLIF-PRF MRLM4 BZ 377602195 -3014291.72
CIA PETROLIFERA MRLM3 BZ 377602195 -3014291.72
NOVA AMERICA SA NOVA3 BZ 21287489 -183535527
NOVA AMERICA-PRF NOVA4 BZ 21287489 -183535527
LUPATECH SA-RT LUPA11 BZ 754879275 -127862714
ALL ORE MINERACA AORE3 BZ 18737017.6 -11880129.6
B&D FOOD CORP BDFC US 14423532 -3506007
LUPATECH SA-ADR LUPAY US 754879275 -127862714
PET MANG-RT 4115360Q BZ 246810937 -224879124
PET MANG-RT 4115364Q BZ 246810937 -224879124
REDE ENER-RT REDE1 BZ 1164635971 -23251158
REDE ENER-RCT REDE9 BZ 1164635971 -23251158
REDE ENER-RT REDE2 BZ 1164635971 -23251158
REDE ENER-RCT REDE10 BZ 1164635971 -23251158
STEEL - RT STLB1 BZ 18737017.6 -11880129.6
STEEL - RCT ORD STLB9 BZ 18737017.6 -11880129.6
MINUPAR-RT 9314542Q BZ 136398462 -91947867.2
MINUPAR-RCT 9314634Q BZ 136398462 -91947867.2
PET MANG-RT 0229249Q BZ 246810937 -224879124
PET MANG-RT 0229268Q BZ 246810937 -224879124
RECRUSUL - RT 0163579D BZ 48003655.5 -18502124.9
RECRUSUL - RT 0163580D BZ 48003655.5 -18502124.9
RECRUSUL - RCT 0163582D BZ 48003655.5 -18502124.9
RECRUSUL - RCT 0163583D BZ 48003655.5 -18502124.9
PORTX OPERA-GDR PXTPY US 976769403 -9407990.35
PORTX OPERACOES PRTX3 BZ 976769403 -9407990.35
ALL ORE MINERACA STLB3 BZ 18737017.6 -11880129.6
MINUPAR-RT 0599562D BZ 136398462 -91947867.2
MINUPAR-RCT 0599564D BZ 136398462 -91947867.2
PET MANG-RT RPMG2 BZ 246810937 -224879124
PET MANG-RT RPMG1 BZ 246810937 -224879124
PET MANG-RECEIPT RPMG9 BZ 246810937 -224879124
PET MANG-RECEIPT RPMG10 BZ 246810937 -224879124
LAEP INVESTMEN-B 0122427D LX 222902263 -255311019
LAEP INVES-BDR B 0163599D BZ 222902263 -255311019
RECRUSUL - RT 0614673D BZ 48003655.5 -18502124.9
RECRUSUL - RT 0614674D BZ 48003655.5 -18502124.9
RECRUSUL - RCT 0614675D BZ 48003655.5 -18502124.9
RECRUSUL - RCT 0614676D BZ 48003655.5 -18502124.9
TEKA-RTS TEKA1 BZ 407967021 -392649052
TEKA-RTS TEKA2 BZ 407967021 -392649052
TEKA-RCT TEKA9 BZ 407967021 -392649052
TEKA-RCT TEKA10 BZ 407967021 -392649052
LUPATECH SA-RTS LUPA1 BZ 754879275 -127862714
LUPATECH SA -RCT LUPA9 BZ 754879275 -127862714
MINUPAR-RTS MNPR1 BZ 136398462 -91947867.2
MINUPAR-RCT MNPR9 BZ 136398462 -91947867.2
RECRUSUL SA-RTS RCSL1 BZ 48003655.5 -18502124.9
RECRUSUL SA-RTS RCSL2 BZ 48003655.5 -18502124.9
RECRUSUL SA-RCT RCSL9 BZ 48003655.5 -18502124.9
RECRUSUL - RCT RCSL10 BZ 48003655.5 -18502124.9
ENDESA COSTAN-A CECO1 AR 355868838 -87473853.3
ENDESA COSTAN- CECO2 AR 355868838 -87473853.3
CENTRAL COST-BLK CECOB AR 355868838 -87473853.3
ENDESA COSTAN- CECOD AR 355868838 -87473853.3
ENDESA COSTAN- CECOC AR 355868838 -87473853.3
ENDESA COSTAN- EDCFF US 355868838 -87473853.3
CENTRAL COSTAN-C CECO3 AR 355868838 -87473853.3
CENTRAL COST-ADR CCSA LI 355868838 -87473853.3
ENDESA COST-ADR CRCNY US 355868838 -87473853.3
CENTRAL COSTAN-B CNRBF US 355868838 -87473853.3
ARTHUR LANGE ARLA3 BZ 11642255.9 -17154461.9
ARTHUR LANGE SA ALICON BZ 11642255.9 -17154461.9
ARTHUR LANGE-PRF ARLA4 BZ 11642255.9 -17154461.9
ARTHUR LANGE-PRF ALICPN BZ 11642255.9 -17154461.9
ARTHUR LANG-RT C ARLA1 BZ 11642255.9 -17154461.9
ARTHUR LANG-RT P ARLA2 BZ 11642255.9 -17154461.9
ARTHUR LANG-RC C ARLA9 BZ 11642255.9 -17154461.9
ARTHUR LANG-RC P ARLA10 BZ 11642255.9 -17154461.9
ARTHUR LAN-DVD C ARLA11 BZ 11642255.9 -17154461.9
ARTHUR LAN-DVD P ARLA12 BZ 11642255.9 -17154461.9
BOMBRIL BOBR3 BZ 359985634 -12154088.6
BOMBRIL CIRIO SA BOBRON BZ 359985634 -12154088.6
BOMBRIL-PREF BOBR4 BZ 359985634 -12154088.6
BOMBRIL CIRIO-PF BOBRPN BZ 359985634 -12154088.6
BOMBRIL SA-ADR BMBPY US 359985634 -12154088.6
BOMBRIL SA-ADR BMBBY US 359985634 -12154088.6
BUETTNER BUET3 BZ 109743344 -29812083.5
BUETTNER SA BUETON BZ 109743344 -29812083.5
BUETTNER-PREF BUET4 BZ 109743344 -29812083.5
BUETTNER SA-PRF BUETPN BZ 109743344 -29812083.5
BUETTNER SA-RTS BUET1 BZ 109743344 -29812083.5
BUETTNER SA-RT P BUET2 BZ 109743344 -29812083.5
CAF BRASILIA CAFE3 BZ 160938140 -149281089
CAFE BRASILIA SA CSBRON BZ 160938140 -149281089
CAF BRASILIA-PRF CAFE4 BZ 160938140 -149281089
CAFE BRASILIA-PR CSBRPN BZ 160938140 -149281089
REDE ENERGIA SA REDE3 BZ 1164635971 -23251158
CAIUA SA ELCON BZ 1164635971 -23251158
REDE EMPRESAS-PR REDE4 BZ 1164635971 -23251158
CAIUA SA-PREF ELCPN BZ 1164635971 -23251158
CAIUA SA-PRF B ELCA6 BZ 1164635971 -23251158
CAIUA SA-PRF B ELCBN BZ 1164635971 -23251158
CAIUA SA-RTS ELCA2 BZ 1164635971 -23251158
CAIUA SA-DVD CMN ELCA11 BZ 1164635971 -23251158
CAIUA SA-RCT PRF ELCA10 BZ 1164635971 -23251158
CAIUA SA-DVD COM ELCA12 BZ 1164635971 -23251158
CAIUA ELEC-C RT ELCA1 BZ 1164635971 -23251158
CAIUA SA-PRF A ELCAN BZ 1164635971 -23251158
CAIUA SA-PRF A ELCA5 BZ 1164635971 -23251158
CAIVA SERV DE EL 1315Z BZ 1164635971 -23251158
CHIARELLI SA CCHI3 BZ 10063296.6 -79357620
CHIARELLI SA CCHON BZ 10063296.6 -79357620
CHIARELLI SA-PRF CCHI4 BZ 10063296.6 -79357620
CHIARELLI SA-PRF CCHPN BZ 10063296.6 -79357620
IGUACU CAFE IGUA3 BZ 241713948 -76084456.4
IGUACU CAFE IGCSON BZ 241713948 -76084456.4
IGUACU CAFE IGUCF US 241713948 -76084456.4
IGUACU CAFE-PR A IGUA5 BZ 241713948 -76084456.4
IGUACU CAFE-PR A IGCSAN BZ 241713948 -76084456.4
IGUACU CAFE-PR A IGUAF US 241713948 -76084456.4
IGUACU CAFE-PR B IGUA6 BZ 241713948 -76084456.4
IGUACU CAFE-PR B IGCSBN BZ 241713948 -76084456.4
SCHLOSSER SCLO3 BZ 57116502.2 -55719508.9
SCHLOSSER SA SCHON BZ 57116502.2 -55719508.9
SCHLOSSER-PREF SCLO4 BZ 57116502.2 -55719508.9
SCHLOSSER SA-PRF SCHPN BZ 57116502.2 -55719508.9
COBRASMA CBMA3 BZ 83714759.4 -2293331419
COBRASMA SA COBRON BZ 83714759.4 -2293331419
COBRASMA-PREF CBMA4 BZ 83714759.4 -2293331419
COBRASMA SA-PREF COBRPN BZ 83714759.4 -2293331419
D H B DHBI3 BZ 115744688 -149168651
DHB IND E COM DHBON BZ 115744688 -149168651
D H B-PREF DHBI4 BZ 115744688 -149168651
DHB IND E COM-PR DHBPN BZ 115744688 -149168651
DOCA INVESTIMENT DOCA3 BZ 273120342 -211736207
DOCAS SA DOCAON BZ 273120342 -211736207
DOCA INVESTI-PFD DOCA4 BZ 273120342 -211736207
DOCAS SA-PREF DOCAPN BZ 273120342 -211736207
DOCAS SA-RTS PRF DOCA2 BZ 273120342 -211736207
FABRICA RENAUX FTRX3 BZ 66603693.6 -76419244.2
FABRICA RENAUX FRNXON BZ 66603693.6 -76419244.2
FABRICA RENAUX-P FTRX4 BZ 66603693.6 -76419244.2
FABRICA RENAUX-P FRNXPN BZ 66603693.6 -76419244.2
HAGA HAGA3 BZ 19421487.9 -46077943.1
FERRAGENS HAGA HAGAON BZ 19421487.9 -46077943.1
FER HAGA-PREF HAGA4 BZ 19421487.9 -46077943.1
FERRAGENS HAGA-P HAGAPN BZ 19421487.9 -46077943.1
CIMOB PARTIC SA GAFP3 BZ 44047411.7 -45669963.6
CIMOB PARTIC SA GAFON BZ 44047411.7 -45669963.6
CIMOB PART-PREF GAFP4 BZ 44047411.7 -45669963.6
CIMOB PART-PREF GAFPN BZ 44047411.7 -45669963.6
IGB ELETRONICA IGBR3 BZ 363687063 -27195507.3
GRADIENTE ELETR IGBON BZ 363687063 -27195507.3
GRADIENTE-PREF A IGBR5 BZ 363687063 -27195507.3
GRADIENTE EL-PRA IGBAN BZ 363687063 -27195507.3
GRADIENTE-PREF B IGBR6 BZ 363687063 -27195507.3
GRADIENTE EL-PRB IGBBN BZ 363687063 -27195507.3
GRADIENTE-PREF C IGBR7 BZ 363687063 -27195507.3
GRADIENTE EL-PRC IGBCN BZ 363687063 -27195507.3
HOTEIS OTHON SA HOOT3 BZ 253308748 -83119368.3
HOTEIS OTHON SA HOTHON BZ 253308748 -83119368.3
HOTEIS OTHON-PRF HOOT4 BZ 253308748 -83119368.3
HOTEIS OTHON-PRF HOTHPN BZ 253308748 -83119368.3
RENAUXVIEW SA TXRX3 BZ 97868151.6 -91899413.1
TEXTEIS RENAUX RENXON BZ 97868151.6 -91899413.1
RENAUXVIEW SA-PF TXRX4 BZ 97868151.6 -91899413.1
TEXTEIS RENAUX RENXPN BZ 97868151.6 -91899413.1
PARMALAT LCSA3 BZ 388720096 -213641152
PARMALAT BRASIL LCSAON BZ 388720096 -213641152
PADMA INDUSTRIA LCSA4 BZ 388720096 -213641152
PARMALAT BRAS-PF LCSAPN BZ 388720096 -213641152
PARMALAT BR-RT C LCSA5 BZ 388720096 -213641152
PARMALAT BR-RT P LCSA6 BZ 388720096 -213641152
ESTRELA SA ESTR3 BZ 72008697.6 -116219949
ESTRELA SA ESTRON BZ 72008697.6 -116219949
ESTRELA SA-PREF ESTR4 BZ 72008697.6 -116219949
ESTRELA SA-PREF ESTRPN BZ 72008697.6 -116219949
WETZEL SA MWET3 BZ 102020563 -6073582.74
WETZEL SA MWELON BZ 102020563 -6073582.74
WETZEL SA-PREF MWET4 BZ 102020563 -6073582.74
WETZEL SA-PREF MWELPN BZ 102020563 -6073582.74
MINUPAR MNPR3 BZ 136398462 -91947867.2
MINUPAR SA MNPRON BZ 136398462 -91947867.2
MINUPAR-PREF MNPR4 BZ 136398462 -91947867.2
MINUPAR SA-PREF MNPRPN BZ 136398462 -91947867.2
NORDON MET NORD3 BZ 12386508.7 -33450200.1
NORDON METAL NORDON BZ 12386508.7 -33450200.1
NORDON MET-RTS NORD1 BZ 12386508.7 -33450200.1
NOVA AMERICA SA NOVA3B BZ 21287489 -183535527
NOVA AMERICA SA NOVAON BZ 21287489 -183535527
NOVA AMERICA-PRF NOVA4B BZ 21287489 -183535527
NOVA AMERICA-PRF NOVAPN BZ 21287489 -183535527
NOVA AMERICA-PRF 1NOVPN BZ 21287489 -183535527
NOVA AMERICA SA 1NOVON BZ 21287489 -183535527
RECRUSUL RCSL3 BZ 48003655.5 -18502124.9
RECRUSUL SA RESLON BZ 48003655.5 -18502124.9
RECRUSUL-PREF RCSL4 BZ 48003655.5 -18502124.9
RECRUSUL SA-PREF RESLPN BZ 48003655.5 -18502124.9
PETRO MANGUINHOS RPMG3 BZ 246810937 -224879124
PETRO MANGUINHOS MANGON BZ 246810937 -224879124
PET MANGUINH-PRF RPMG4 BZ 246810937 -224879124
PETRO MANGUIN-PF MANGPN BZ 246810937 -224879124
RIMET REEM3 BZ 103098361 -185417655
RIMET REEMON BZ 103098361 -185417655
RIMET-PREF REEM4 BZ 103098361 -185417655
RIMET-PREF REEMPN BZ 103098361 -185417655
SANSUY SNSY3 BZ 192536335 -145445052
SANSUY SA SNSYON BZ 192536335 -145445052
SANSUY-PREF A SNSY5 BZ 192536335 -145445052
SANSUY SA-PREF A SNSYAN BZ 192536335 -145445052
SANSUY-PREF B SNSY6 BZ 192536335 -145445052
SANSUY SA-PREF B SNSYBN BZ 192536335 -145445052
SNIAFA SA SNIA AR 11229696.2 -2670544.88
SNIAFA SA-B SNIA5 AR 11229696.2 -2670544.88
BOTUCATU TEXTIL STRP3 BZ 27663604.9 -7174512.03
STAROUP SA STARON BZ 27663604.9 -7174512.03
BOTUCATU-PREF STRP4 BZ 27663604.9 -7174512.03
STAROUP SA-PREF STARPN BZ 27663604.9 -7174512.03
TEKA TEKA3 BZ 407967021 -392649052
TEKA TEKAON BZ 407967021 -392649052
TEKA-PREF TEKA4 BZ 407967021 -392649052
TEKA-PREF TEKAPN BZ 407967021 -392649052
TEKA-ADR TKTPY US 407967021 -392649052
TEKA-ADR TKTQY US 407967021 -392649052
F GUIMARAES FGUI3 BZ 11016542.1 -151840377
FERREIRA GUIMARA FGUION BZ 11016542.1 -151840377
F GUIMARAES-PREF FGUI4 BZ 11016542.1 -151840377
FERREIRA GUIM-PR FGUIPN BZ 11016542.1 -151840377
VARIG SA VAGV3 BZ 966298048 -4695211008
VARIG SA VARGON BZ 966298048 -4695211008
VARIG SA-PREF VAGV4 BZ 966298048 -4695211008
VARIG SA-PREF VARGPN BZ 966298048 -4695211008
VULCABRAS AZALEI VULC3 BZ 656823700 -17327661.6
VULCABRAS SA VULCON BZ 656823700 -17327661.6
VULCABRAS AZ-PRF VULC4 BZ 656823700 -17327661.6
VULCABRAS SA-PRF VULCPN BZ 656823700 -17327661.6
VULCABRAS-RT PRF VULC11 BZ 656823700 -17327661.6
LOJAS ARAPUA LOAR3 BZ 60020270.1 -3542047972
LOJAS ARAPUA LOARON BZ 60020270.1 -3542047972
LOJAS ARAPUA-PRF LOAR4 BZ 60020270.1 -3542047972
LOJAS ARAPUA-PRF LOARPN BZ 60020270.1 -3542047972
LOJAS ARAPUA-PRF 52353Z US 60020270.1 -3542047972
LOJAS ARAPUA-GDR 3429T US 60020270.1 -3542047972
LOJAS ARAPUA-GDR LJPSF US 60020270.1 -3542047972
BATTISTELLA BTTL3 BZ 158330518 -36518145.6
BATTISTELLA-PREF BTTL4 BZ 158330518 -36518145.6
SAUIPE SA PSEGON BZ 23615862 -840174.001
SAUIPE PSEG3 BZ 23615862 -840174.001
SAUIPE SA-PREF PSEGPN BZ 23615862 -840174.001
SAUIPE-PREF PSEG4 BZ 23615862 -840174.001
CIA PETROLIFERA MRLM3B BZ 377602195 -3014291.72
CIA PETROLIF-PRF MRLM4B BZ 377602195 -3014291.72
CIA PETROLIFERA 1CPMON BZ 377602195 -3014291.72
CIA PETROLIF-PRF 1CPMPN BZ 377602195 -3014291.72
LATTENO FOOD COR LATF US 14423532 -3506007
PUYEHUE PUYEH CI 25722049 -4310587.75
IMPSAT FIBER NET IMPTQ US 535007008 -17164978
IMPSAT FIBER NET 330902Q GR 535007008 -17164978
IMPSAT FIBER NET XIMPT SM 535007008 -17164978
IMPSAT FIBER-CED IMPT AR 535007008 -17164978
IMPSAT FIBER-C/E IMPTC AR 535007008 -17164978
IMPSAT FIBER-$US IMPTD AR 535007008 -17164978
IMPSAT FIBER-BLK IMPTB AR 535007008 -17164978
PETROLERA DEL CO PSUR AR 64304553.9 -1269120.56
VARIG PART EM TR VPTA3 BZ 49432124.2 -399290396
VARIG PART EM-PR VPTA4 BZ 49432124.2 -399290396
VARIG PART EM SE VPSC3 BZ 83017828.6 -495721700
VARIG PART EM-PR VPSC4 BZ 83017828.6 -495721700
***********
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., Washington, D.C.,
USA, Marites O. Claro, Joy A. Agravante, Rousel Elaine T.
Fernandez, Valerie U. Pascual, Julie Anne L. Toledo, Frauline S.
Abangan, and Peter A. Chapman, Editors.
Copyright 2013. All rights reserved. ISSN 1529-2746.
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