/raid1/www/Hosts/bankrupt/TCRLA_Public/131022.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, October 22, 2013, Vol. 14, No. 209
Headlines
B R A Z I L
HYPERMARCAS SA: Advances as Credit Suisse Says "Buy"
OSX BRASIL: Considers Mergers to 'Create Shareholder Value'
VIVER INCORPORADORA: Completes Sale of Land and Plots
C A Y M A N I S L A N D S
ADVANTAGE ADVISERS: Members' Final Meeting Set for Nov. 6
CALYPSO FUND: Shareholders' Final Meeting Set for Nov. 22
CITCO (CAYMAN ISLANDS): Members' Final Meeting Set for Nov. 4
COMMON SENSE: Shareholders' Final Meeting Set for Nov. 22
GOLDMAN SACHS: Shareholder to Hear Wind-Up Report on Nov. 15
LONE BALSAM II: Shareholder to Hear Wind-Up Report on Nov. 15
LONE DRAGON: Shareholder to Hear Wind-Up Report on Nov. 15
LONE HIMALAYAN: Shareholder to Hear Wind-Up Report on Nov. 15
MAPLE FAMILY: Shareholders' Final Meeting Set for Oct. 28
PHZ GLOBAL: Shareholder to Hear Wind-Up Report on Nov. 15
QUEST BRAZIL: Shareholder to Hear Wind-Up Report on Nov. 11
SEA CDO: Shareholder to Hear Wind-Up Report on Nov. 15
SHINJUKU PORTFOLIO: Shareholder to Hear Wind-Up Report on Nov. 15
STRATEGIC PARTNERS: Shareholder to Hear Wind-Up Report on Nov. 15
D O M I N I C A N R E P U B L I C
XSTRATA NICKEL: Lays Off More Workers, 100 Jobs Lost
* DOMINICAN REPUBLIC: 50% Cut in PFA Profits Threatens System
E C U A D O R
ECUADOR: Fitch Ups LT Foreign Issuer Default Ratings to 'B'
X X X X X X X X X
Large Companies With Insolvent Balance Sheets
- - - - -
===========
B R A Z I L
===========
HYPERMARCAS SA: Advances as Credit Suisse Says "Buy"
----------------------------------------------------
Julia Leite at Bloomberg News reports that Credit Suisse Group AG
named the stock of Hypermarcas SA its only buy among Brazilian
consumer companies.
Credit Suisse started coverage of 10 Brazilian consumer stocks,
and the Sao Paulo-based consumer-health products manufacturer was
the only one with a rating the equivalent of buy, analyst Tobias
Stingelin wrote in a research note to clients, according to
Bloomberg News.
Hypermarcas is poised to benefit from its line of relatively
inexpensive staple products that will remain in demand while other
companies that depend on more discretionary spending face a
"tougher" outlook over the next 12 to 18 months, according to the
research, Bloomberg News relates.
"After over two years of zero M&A activity and a clear focus on
improving its operations, we believe Hypermarcas provides an
attractive alternative to play the Brazilian consumer sector, Mr.
Stingelin wrote, the report discloses. "Cash flow and earnings
growth are largely dependent on measures under management's
control that have been implemented already," he added.
Hypermarcas made 15 acquisitions from 2009 to 2011, according to
data compiled by Bloomberg. There have been no acquisitions since
then, the data show.
Hypermarcas SA is a maker of consumer products from diapers to
generic drugs.
* * *
As reported in the Troubled Company Reporter on Sept. 25, 2013,
Fitch Ratings has upgraded the following ratings of Hypermarcas
S.A.'s (Hypermarcas):
-- Long-term foreign currency Issuer Default Rating (IDR) to 'BB+'
from 'BB';
-- Long-term local currency IDR to 'BB+' from 'BB';
-- Long-term national scale rating to 'AA(bra)' from 'A+(bra)';
-- Senior unsecured notes due in 2021 to 'BB+' from 'BB';
-- Third debentures issuance at 'AA(bra)' from 'A+(bra)'.
OSX BRASIL: Considers Mergers to 'Create Shareholder Value'
-----------------------------------------------------------
Reuters, citing securities filing, reports that OSX Brasil SA, the
shipbuilder controlled by tycoon Eike Batista, is considering
combining with rivals to create value for existing shareholders.
The company is currently carrying out a review of its business
plan to adapt to its "new reality," and is discussing such plan
with clients, suppliers, employees and shareholders, the filing
said, according to Reuters.
The report relates that the company did not mention any potential
partners in a corporate combination, or the type of merger it
would pursue.
OSX Brasil SA is a shipbuilder controlled by billionaire Eike
Batista.
As reported in the Troubled Company Reporter-Latin America on
June 26, 2013, Reuters said that OSX Brasil denied a report it
failed to make payments on debt held by Spanish infrastructure
group Acciona. The local Folha da S.Paulo newspaper reported that
Batista's OSX Brasil was struggling to avoid bankruptcy after it
defaulted on some BRL500 million ($222 million) in debt held by
Acciona, according to Reuters.
VIVER INCORPORADORA: Completes Sale of Land and Plots
-----------------------------------------------------
Viver Incorporadora e Construtora S.A. informed its shareholders
and the market in general that it has successfully completed the
sale of the land and plots in the complex known as "Lagoa dos
Ingleses" located in the city of Nova Lima, Minas Gerais state, to
Asm Alicerce 1 Empreendimentos Imobiliarios S.A. ("ASM"), in
keeping with the material fact published on February 7, 2013.
The completion of this transaction is a milestone in the Company's
new phase, and represents an important step forward in the process
of strengthening its capital structure and reducing its debt.
The Company's management is confident in the decisions that it has
made, which are in line with its strategic planning, and continues
to take the steps necessary to achieve its objectives.
* * *
As reported in the Troubled Company Reporter on June 27, 2013,
Moody's America Latina has downgraded Viver Incorporadora e
Construtora S.A.'s corporate family rating to Caa1 from B3 on the
global scale and to Caa1.br from B1.br on the Brazilian national
scale. Moody's also downgraded Viver's BRL300 million senior
secured debentures due in 2016 (First Issuance) to Caa1/Caa1.br
from B3/B1.br. The outlook for all ratings remains negative.
==========================
C A Y M A N I S L A N D S
==========================
ADVANTAGE ADVISERS: Members' Final Meeting Set for Nov. 6
---------------------------------------------------------
The members of Advantage Advisers Whistler International, Ltd.
will hold their final meeting on Nov. 6, 2013, 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:
Gene Dacosta
Telephone: (345) 814 7765
Facsimile: (345) 945 3902
PO Box 2681 Grand Cayman KY1-1111
Cayman Islands
CALYPSO FUND: Shareholders' Final Meeting Set for Nov. 22
---------------------------------------------------------
The shareholders of Calypso Fund will hold their final meeting on
Nov. 22, 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 Nicola Cowan
Telephone: (345) 946 7665
Facsimile: (345) 949 2877
dms House, 2nd Floor
P.O. Box 1344 Grand Cayman KY1-1108
Cayman Islands
CITCO (CAYMAN ISLANDS): Members' Final Meeting Set for Nov. 4
-------------------------------------------------------------
The members of Citco (Cayman Islands) Ltd will hold their final
meeting on Nov. 4, 2013, to receive the liquidator's report on the
company's wind-up proceedings and property disposal.
The company's liquidator is:
CDL Company Ltd.
P.O. Box 31106 Grand Cayman KY1-1205
Cayman Islands
COMMON SENSE: Shareholders' Final Meeting Set for Nov. 22
---------------------------------------------------------
The shareholders of Common Sense Portable Alpha BPI SPC, Ltd. will
hold their final meeting on Nov. 22, 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 Nicola Cowan
Telephone: (345) 946 7665
Facsimile: (345) 949 2877
dms House, 2nd Floor
P.O. Box 1344 Grand Cayman KY1-1108
Cayman Islands
GOLDMAN SACHS: Shareholder to Hear Wind-Up Report on Nov. 15
------------------------------------------------------------
The shareholder of Goldman Sachs Strategic Europe Partners, Ltd
will receive on Nov. 15, 2013, at 9:00 a.m., the liquidator's
report on the company's wind-up proceedings and property disposal.
The company's liquidator is:
Intertrust SPV (Cayman) Limited
190 Elgin Avenue, George Town
Grand Cayman KY1-9005
Cayman Islands
c/o Kim Charaman/Jennifer Chailler
Telephone: (345) 943 3100
LONE BALSAM II: Shareholder to Hear Wind-Up Report on Nov. 15
-------------------------------------------------------------
The shareholder of Lone Balsam II, Ltd. will receive on Nov. 15,
2013, at 10:30 a.m., the liquidator's report on the company's
wind-up proceedings and property disposal.
The company's liquidator is:
Intertrust SPV (Cayman) Limited
190 Elgin Avenue, George Town
Grand Cayman KY1-9005
Cayman Islands
c/o Kim Charaman/Jennifer Chailler
Telephone: (345) 943 3100
LONE DRAGON: Shareholder to Hear Wind-Up Report on Nov. 15
----------------------------------------------------------
The shareholder of Lone Dragon Pine II, Ltd will receive on
Nov. 15, 2013, at 10:00 a.m., the liquidator's report on the
company's wind-up proceedings and property disposal.
The company's liquidator is:
Intertrust SPV (Cayman) Limited
190 Elgin Avenue, George Town
Grand Cayman KY1-9005
Cayman Islands
c/o Kim Charaman/Jennifer Chailler
Telephone: (345) 943 3100
LONE HIMALAYAN: Shareholder to Hear Wind-Up Report on Nov. 15
-------------------------------------------------------------
The shareholder of Lone Himalayan Pine II, Ltd will receive on
Nov. 15, 2013, at 10:15 a.m., the liquidator's report on the
company's wind-up proceedings and property disposal.
The company's liquidator is:
Intertrust SPV (Cayman) Limited
190 Elgin Avenue, George Town
Grand Cayman KY1-9005
Cayman Islands
c/o Kim Charaman/Jennifer Chailler
Telephone: (345) 943 3100
MAPLE FAMILY: Shareholders' Final Meeting Set for Oct. 28
---------------------------------------------------------
The shareholders of Maple Family Holdings Limited will hold their
final meeting on Oct. 28, 2013, to receive the liquidator's report
on the company's wind-up proceedings and property disposal.
The company's liquidator is:
Royhaven Secretaries Limited
c/o Julie Reynolds
Telephone: +1 (345) 914 1344
Facsimile: +1 (345) 945 4799
Coutts & Co (Cayman) Limited
Coutts House, 1446 West Bay Road
P.O. Box 707 Grand Cayman KY1-1107
Cayman Islands
PHZ GLOBAL: Shareholder to Hear Wind-Up Report on Nov. 15
---------------------------------------------------------
The shareholder of PHZ Global Fund Ltd will receive on Nov. 15,
2013, at 8:30 a.m., the liquidator's report on the company's wind-
up proceedings and property disposal.
The company's liquidator is:
Intertrust SPV (Cayman) Limited
190 Elgin Avenue, George Town
Grand Cayman KY1-9005
Cayman Islands
c/o Kim Charaman/Jennifer Chailler
Telephone: (345) 943 3100
QUEST BRAZIL: Shareholder to Hear Wind-Up Report on Nov. 11
-----------------------------------------------------------
The shareholder of Quest Brazil Macro Fund, SPC will receive on
Nov. 11, 2013, at 3:00 p.m., the liquidator's report on the
company's wind-up proceedings and property disposal.
The company's liquidator is:
Ogier
c/o Kate O'Neill
Telephone: +1 (345) 815 1822
Facsimile: +1 (345) 949 9877
SEA CDO: Shareholder to Hear Wind-Up Report on Nov. 15
------------------------------------------------------
The shareholder of Sea CDO Limited will receive on Nov. 15, 2013,
at 9:30 a.m., the liquidator's report on the company's wind-up
proceedings and property disposal.
The company's liquidator is:
Intertrust SPV (Cayman) Limited
190 Elgin Avenue, George Town
Grand Cayman KY1-9005
Cayman Islands
c/o Kim Charaman/Jennifer Chailler
Telephone: (345) 943 3100
SHINJUKU PORTFOLIO: Shareholder to Hear Wind-Up Report on Nov. 15
-----------------------------------------------------------------
The shareholder of Shinjuku Portfolio Holdings Inc. will receive
on Nov. 15, 2013, at 9:15 a.m., the liquidator's report on the
company's wind-up proceedings and property disposal.
The company's liquidator is:
Intertrust SPV (Cayman) Limited
190 Elgin Avenue, George Town
Grand Cayman KY1-9005
Cayman Islands
c/o Kim Charaman/Jennifer Chailler
Telephone: (345) 943 3100
STRATEGIC PARTNERS: Shareholder to Hear Wind-Up Report on Nov. 15
-----------------------------------------------------------------
The shareholder of The Strategic Partners Fund Inc will receive on
Nov. 15, 2013, at 8:45 a.m., the liquidator's report on the
company's wind-up proceedings and property disposal.
The company's liquidator is:
Intertrust SPV (Cayman) Limited
190 Elgin Avenue, George Town
Grand Cayman KY1-9005
Cayman Islands
c/o Kim Charaman/Jennifer Chailler
Telephone: (345) 943 3100
===================================
D O M I N I C A N R E P U B L I C
===================================
XSTRATA NICKEL: Lays Off More Workers, 100 Jobs Lost
----------------------------------------------------
Dominican Today reports that the miner Xstrata Nickel Falcondo
laid off around 100 workers in the central town of Bonao, and now
total 500 people who've lost their job.
In a statement the company cited economic reasons for the layoffs
of more than 900 workers of the shuttered of ferronickel
extraction at its facilities in Loma la Peguera de Bonao,
according to Dominican Today. The report relates that several
thousand jobs have been lost in the Canadian company's mine,
including workers and staff.
In a related development, social and popular organizations of
Bonao, Maimon and Piedra Blanca announced a 48 hour walkout to
demand that Loma Miranda be declared National Park, the report
notes.
Xstrata Falcondo had planned to exploit Loma Miranda, but a grass
roots movement put a halt to the project, to the point that the
Chamber of Deputies has already approved a bill to convert the
site into a protected area, the report notes.
* DOMINICAN REPUBLIC: 50% Cut in PFA Profits Threatens System
-------------------------------------------------------------
Dominican Today reports that Dominican Republic's pension fund
managers grouped in Asociacion Dominicana de Administradoras de
Fondos de Pensiones (ADAFP) warned that lawmakers' decision to cut
50% of their profits threatens the sustainability of the system
which manages workers' savings.
ADAFP President Kirsis Jaquez criticized the Chamber of Deputies'
amendment to Social Security Law 87-01which capped the PFA's
profits at 15%, from 30%, affirming that the provision won't
benefit the system's members, according to Dominican Today.
"We were surprised yesterday [Oct. 16]," Ms. Jaquez said in
reference to the approval by the deputies to cut the PFA's
profits, adding that she didn't know if the legislators based
their decision on technical grounds, the report notes.
"A 50% reduction should have some analysis, or has to start from a
technical situation to do so, that's one point. But the other
isn't resolved, it's not true that such a change would be a
significantly benefit the system's members. That's irrelevant
insofar as the benefit to the worker," the report quoted Ms.
Jaquez as saying.
=============
E C U A D O R
=============
ECUADOR: Fitch Ups LT Foreign Issuer Default Ratings to 'B'
-----------------------------------------------------------
Fitch Ratings has upgraded Ecuador's long-term foreign Issuer
Default Ratings (IDR) to 'B' from 'B-'. The Rating Outlook has
been revised to Stable from Positive. Fitch has affirmed the
country's short-term foreign currency IDR at 'B'. Fitch has also
upgraded the Country Ceiling to 'B' from 'B-'.
Key Rating Drivers
Ecuador's upgrade reflects the country's continued healthy growth
performance, monetary and financial stability underpinned by
dollarization and a steady easing of external and fiscal financing
risks as a result of still favorable international oil prices,
improved prospects in the oil sector and continued availability of
bilateral financing from China and multilaterals.
Fitch forecasts that growth could reach 3.8% in 2013 and 4.2% in
2014-2015, broadly in line with rating peers. Public expenditure,
especially investment, is likely to remain as the driver of growth
over the forecast period.
Oil production has recovered and is likely to increase over the
forecast period underpinned by development of mature fields
through enhanced recovery. Moreover, the government is expected to
move forward with the development of Yasuni-ITT, which could
further increase oil production over the medium term.
Nevertheless, Ecuador still faces challenges to significantly
increase private investment in the oil and mining sector.
Fiscal financing risks appear manageable for the next two years.
Although fiscal deficit could deteriorate to 2.8% of GDP during
2013-15, Fitch does not anticipate financing problems due to
access of the country to Chinese loans and multilateral funding.
Ecuador has precautionary credit lines with China in the event of
external shocks. The World Bank might resume funding for certain
projects. The government may also explore the option of re-tapping
international capital markets although the timeline of this
remains uncertain.
Near-term risks to the sustainability of dollarization are low due
to continued availability of U.S. dollar liquidity, and a stable,
albeit less profitable, financial system. Nevertheless, the regime
still faces risks to its long-term sustainability due to the
combination of fast paced fiscal expansion and limited sources of
external financing.
Ecuador's creditworthiness balances the sovereign's relatively
strong fiscal and external solvency ratios and high GDP per capita
in relation to peers against key credit weaknesses such as a weak
record of debt service, high commodity dependence and limited
sources of financing for the sovereign and the economy. While
government debt, forecast at 24.8% of GDP in 2014, remains low
relative to peers and below the country's constitutional debt
ceiling of 40% of GDP, the local bond market is shallow and
heavily reliant on intra-public sector holdings.
Rating Sensitivities
The Stable Outlook reflects Fitch's assessment that upside and
downside risks to the rating are currently balanced. Fitch's
sensitivity analysis does not currently anticipate developments
with a high likelihood of leading to a rating change.
The main factors that individually, or collectively, could trigger
a positive rating action include:
-- Increased growth momentum underpinned by higher levels of
investment in Ecuador's commodity sectors.
-- Increased availability of external and fiscal financing
sources and establishment of a longer track record of
servicing external debt.
The main factors that individually, or collectively, could trigger
a negative rating action include:
-- Fiscal deterioration and sustained reduction in international
oil prices that lead to material weakening of the sovereign's
external and fiscal credit metrics.
-- Emergence of financing constraints and signs of erosion in
the sovereign's willingness to service debt.
Key Assumptions
The ratings and Outlooks are sensitive to a number of assumptions:
-- Fitch assumes that international oil prices will remain stable
at close to USD100 Brent over the forecast period.
-- Fitch assumes that bilateral financing from China through loans
and investment will continue to be available to Ecuador over
the forecast period.
-- Fitch assumes that dollarization will continue to underpin
broad monetary and financial stability in Ecuador.
=================
X 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)
------- ------ --------- ------------
SNIAFA SA-B SDAGF US 11229696.2 -2670544.88
AGRENCO LTD AGRE LX 339244073 -561405847
AGRENCO LTD-BDR AGEN33 BZ 339244073 -561405847
AGRENCO LTD-BDR AGEN11 BZ 339244073 -561405847
ALL ORE MINERACA AORE3 BZ 18737018.1 -11880129.9
ALL ORE MINERACA STLB3 BZ 18737018.1 -11880129.9
ARTHUR LAN-DVD C ARLA11 BZ 11642256.1 -17154462.1
ARTHUR LAN-DVD P ARLA12 BZ 11642256.1 -17154462.1
ARTHUR LANGE ARLA3 BZ 11642256.1 -17154462.1
ARTHUR LANGE SA ALICON BZ 11642256.1 -17154462.1
ARTHUR LANGE-PRF ARLA4 BZ 11642256.1 -17154462.1
ARTHUR LANGE-PRF ALICPN BZ 11642256.1 -17154462.1
ARTHUR LANG-RC C ARLA9 BZ 11642256.1 -17154462.1
ARTHUR LANG-RC P ARLA10 BZ 11642256.1 -17154462.1
ARTHUR LANG-RT C ARLA1 BZ 11642256.1 -17154462.1
ARTHUR LANG-RT P ARLA2 BZ 11642256.1 -17154462.1
B&D FOOD CORP BDFCE US 14423532 -3506007
B&D FOOD CORP BDFC US 14423532 -3506007
BALADARE BLDR3 BZ 159454013 -52992212
BATTISTELLA BTTL3 BZ 174796731 -28588662.7
BATTISTELLA-PREF BTTL4 BZ 174796731 -28588662.7
BATTISTELLA-RECE BTTL9 BZ 174796731 -28588662.7
BATTISTELLA-RECP BTTL10 BZ 174796731 -28588662.7
BATTISTELLA-RI P BTTL2 BZ 174796731 -28588662.7
BATTISTELLA-RIGH BTTL1 BZ 174796731 -28588662.7
BIOMM SA BIOM3 BZ 11534236.1 -12761895.5
BIOMM SA-PREF BIOM4 BZ 11534236.1 -12761895.5
BIOMM SA-RT BIOM1 BZ 11534236.1 -12761895.5
BIOMM SA-RT BIOM2 BZ 11534236.1 -12761895.5
BIOMM SA-RTS BIOM9 BZ 11534236.1 -12761895.5
BIOMM SA-RTS BIOM10 BZ 11534236.1 -12761895.5
BOMBRIL BMBBF US 322039321 -20271461.5
BOMBRIL FPXE4 BZ 19416016 -489914907
BOMBRIL BOBR3 BZ 322039321 -20271461.5
BOMBRIL CIRIO SA BOBRON BZ 322039321 -20271461.5
BOMBRIL CIRIO-PF BOBRPN BZ 322039321 -20271461.5
BOMBRIL HOLDING FPXE3 BZ 19416016 -489914907
BOMBRIL SA-ADR BMBPY US 322039321 -20271461.5
BOMBRIL SA-ADR BMBBY US 322039321 -20271461.5
BOMBRIL-PREF BOBR4 BZ 322039321 -20271461.5
BOMBRIL-RGTS PRE BOBR2 BZ 322039321 -20271461.5
BOMBRIL-RIGHTS BOBR1 BZ 322039321 -20271461.5
BOTUCATU TEXTIL STRP3 BZ 27663605.3 -7174512.12
BOTUCATU-PREF STRP4 BZ 27663605.3 -7174512.12
BUETTNER BUET3 BZ 97892219.8 -29984241.8
BUETTNER SA BUETON BZ 97892219.8 -29984241.8
BUETTNER SA-PRF BUETPN BZ 97892219.8 -29984241.8
BUETTNER SA-RT P BUET2 BZ 97892219.8 -29984241.8
BUETTNER SA-RTS BUET1 BZ 97892219.8 -29984241.8
BUETTNER-PREF BUET4 BZ 97892219.8 -29984241.8
CAF BRASILIA CAFE3 BZ 160938144 -149281093
CAF BRASILIA-PRF CAFE4 BZ 160938144 -149281093
CAFE BRASILIA SA CSBRON BZ 160938144 -149281093
CAFE BRASILIA-PR CSBRPN BZ 160938144 -149281093
CAIUA ELEC-C RT ELCA1 BZ 1068602117 -71011565.8
CAIUA SA ELCON BZ 1068602117 -71011565.8
CAIUA SA-DVD CMN ELCA11 BZ 1068602117 -71011565.8
CAIUA SA-DVD COM ELCA12 BZ 1068602117 -71011565.8
CAIUA SA-PREF ELCPN BZ 1068602117 -71011565.8
CAIUA SA-PRF A ELCAN BZ 1068602117 -71011565.8
CAIUA SA-PRF A ELCA5 BZ 1068602117 -71011565.8
CAIUA SA-PRF B ELCA6 BZ 1068602117 -71011565.8
CAIUA SA-PRF B ELCBN BZ 1068602117 -71011565.8
CAIUA SA-RCT PRF ELCA10 BZ 1068602117 -71011565.8
CAIUA SA-RTS ELCA2 BZ 1068602117 -71011565.8
CAIVA SERV DE EL 1315Z BZ 1068602117 -71011565.8
CELGPAR GPAR3 BZ 224346596 -1034483222
CELPA CELP3 BZ 1983995394 -26345832
CELPA-PREF A CELP5 BZ 1983995394 -26345832
CELPA-PREF B CELP6 BZ 1983995394 -26345832
CELPA-PREF C CELP7 BZ 1983995394 -26345832
CELPA-RCT CELP9 BZ 1983995394 -26345832
CELPA-RTS CELP1 BZ 1983995394 -26345832
CENTRAL COST-ADR CCSA LI 355868840 -87473853.9
CENTRAL COSTAN-B CRCBF US 355868840 -87473853.9
CENTRAL COSTAN-B CNRBF US 355868840 -87473853.9
CENTRAL COSTAN-C CECO3 AR 355868840 -87473853.9
CENTRAL COST-BLK CECOB AR 355868840 -87473853.9
CIA PETROLIFERA MRLM3 BZ 377602206 -3014291.81
CIA PETROLIFERA MRLM3B BZ 377602206 -3014291.81
CIA PETROLIFERA 1CPMON BZ 377602206 -3014291.81
CIA PETROLIF-PRF MRLM4 BZ 377602206 -3014291.81
CIA PETROLIF-PRF MRLM4B BZ 377602206 -3014291.81
CIA PETROLIF-PRF 1CPMPN BZ 377602206 -3014291.81
CIMOB PARTIC SA GAFP3 BZ 44047412.2 -45669964.1
CIMOB PARTIC SA GAFON BZ 44047412.2 -45669964.1
CIMOB PART-PREF GAFP4 BZ 44047412.2 -45669964.1
CIMOB PART-PREF GAFPN BZ 44047412.2 -45669964.1
COBRASMA CBMA3 BZ 75975325.5 -2148311127
COBRASMA SA COBRON BZ 75975325.5 -2148311127
COBRASMA SA-PREF COBRPN BZ 75975325.5 -2148311127
COBRASMA-PREF CBMA4 BZ 75975325.5 -2148311127
D H B DHBI3 BZ 110495985 -162541778
D H B-PREF DHBI4 BZ 110495985 -162541778
DHB IND E COM DHBON BZ 110495985 -162541778
DHB IND E COM-PR DHBPN BZ 110495985 -162541778
DOCA INVESTIMENT DOCA3 BZ 273120349 -211736213
DOCA INVESTI-PFD DOCA4 BZ 273120349 -211736213
DOCAS SA DOCAON BZ 273120349 -211736213
DOCAS SA-PREF DOCAPN BZ 273120349 -211736213
DOCAS SA-RTS PRF DOCA2 BZ 273120349 -211736213
EDENOR-B DNOR AR 1394532241 -3893195.34
EDENOR-B EDN AR 1394532241 -3893195.34
EDENOR-B EDNC AR 1394532241 -3893195.34
EDENOR-B EDND AR 1394532241 -3893195.34
EDENOR-B C/E DNORC AR 1394532241 -3893195.34
EDENOR-B US$ DNORD AR 1394532241 -3893195.34
ELEC ARG SA-PREF EASA6 AR 1395153160 -106158748
ELEC ARGENT-ADR EASA LX 1395153160 -106158748
ELEC DE ARGE-ADR 1262Q US 1395153160 -106158748
ELECTRICIDAD ARG 3447811Z AR 1395153160 -106158748
EMP DISTRIB-ADR EDN US 1394532241 -3893195.34
EMP DISTRIB-ADR PWD1 GR 1394532241 -3893195.34
EMPRESA DISTRI-A 0122196D AR 1394532241 -3893195.34
EMPRESA DISTRI-C 0122368D AR 1394532241 -3893195.34
ENDESA COST-ADR CRCNY US 355868840 -87473853.9
ENDESA COSTAN- CECO2 AR 355868840 -87473853.9
ENDESA COSTAN- CECOD AR 355868840 -87473853.9
ENDESA COSTAN- CECOC AR 355868840 -87473853.9
ENDESA COSTAN- EDCFF US 355868840 -87473853.9
ENDESA COSTAN-A CECO1 AR 355868840 -87473853.9
ESTRELA SA ESTR3 BZ 71379818.6 -111239805
ESTRELA SA ESTRON BZ 71379818.6 -111239805
ESTRELA SA-PREF ESTR4 BZ 71379818.6 -111239805
ESTRELA SA-PREF ESTRPN BZ 71379818.6 -111239805
F GUIMARAES FGUI3 BZ 11016542.2 -151840378
F GUIMARAES-PREF FGUI4 BZ 11016542.2 -151840378
FABRICA RENAUX FTRX3 BZ 66603695.4 -76419246.3
FABRICA RENAUX FRNXON BZ 66603695.4 -76419246.3
FABRICA RENAUX-P FTRX4 BZ 66603695.4 -76419246.3
FABRICA RENAUX-P FRNXPN BZ 66603695.4 -76419246.3
FABRICA TECID-RT FTRX1 BZ 66603695.4 -76419246.3
FER HAGA-PREF HAGA4 BZ 18875306.2 -40047314.2
FERRAGENS HAGA HAGAON BZ 18875306.2 -40047314.2
FERRAGENS HAGA-P HAGAPN BZ 18875306.2 -40047314.2
FERREIRA GUIMARA FGUION BZ 11016542.2 -151840378
FERREIRA GUIM-PR FGUIPN BZ 11016542.2 -151840378
GRADIENTE ELETR IGBON BZ 381918698 -32078427.7
GRADIENTE EL-PRA IGBAN BZ 381918698 -32078427.7
GRADIENTE EL-PRB IGBBN BZ 381918698 -32078427.7
GRADIENTE EL-PRC IGBCN BZ 381918698 -32078427.7
GRADIENTE-PREF A IGBR5 BZ 381918698 -32078427.7
GRADIENTE-PREF B IGBR6 BZ 381918698 -32078427.7
GRADIENTE-PREF C IGBR7 BZ 381918698 -32078427.7
HAGA HAGA3 BZ 18875306.2 -40047314.2
HOTEIS OTHON SA HOOT3 BZ 227432125 -70780169.8
HOTEIS OTHON SA HOTHON BZ 227432125 -70780169.8
HOTEIS OTHON-PRF HOOT4 BZ 227432125 -70780169.8
HOTEIS OTHON-PRF HOTHPN BZ 227432125 -70780169.8
IGB ELETRONICA IGBR3 BZ 381918698 -32078427.7
IGUACU CAFE IGUA3 BZ 219009123 -69129785
IGUACU CAFE IGCSON BZ 219009123 -69129785
IGUACU CAFE IGUCF US 219009123 -69129785
IGUACU CAFE-PR A IGUA5 BZ 219009123 -69129785
IGUACU CAFE-PR A IGCSAN BZ 219009123 -69129785
IGUACU CAFE-PR A IGUAF US 219009123 -69129785
IGUACU CAFE-PR B IGUA6 BZ 219009123 -69129785
IGUACU CAFE-PR B IGCSBN BZ 219009123 -69129785
IMPSAT FIBER NET IMPTQ US 535007008 -17164978
IMPSAT FIBER NET 330902Q GR 535007008 -17164978
IMPSAT FIBER NET XIMPT SM 535007008 -17164978
IMPSAT FIBER-$US IMPTD AR 535007008 -17164978
IMPSAT FIBER-BLK IMPTB AR 535007008 -17164978
IMPSAT FIBER-C/E IMPTC AR 535007008 -17164978
IMPSAT FIBER-CED IMPT AR 535007008 -17164978
LAEP INVES-BDR B 0163599D BZ 222902269 -255311026
LAEP INVESTMEN-B 0122427D LX 222902269 -255311026
LAEP INVESTMENTS LEAP LX 222902269 -255311026
LAEP-BDR MILK33 BZ 222902269 -255311026
LAEP-BDR MILK11 BZ 222902269 -255311026
LATTENO FOOD COR LATF US 14423532 -3506007
LOJAS ARAPUA LOAR3 BZ 54968258.7 -3370955902
LOJAS ARAPUA LOARON BZ 54968258.7 -3370955902
LOJAS ARAPUA-GDR 3429T US 54968258.7 -3370955902
LOJAS ARAPUA-GDR LJPSF US 54968258.7 -3370955902
LOJAS ARAPUA-PRF LOAR4 BZ 54968258.7 -3370955902
LOJAS ARAPUA-PRF LOARPN BZ 54968258.7 -3370955902
LOJAS ARAPUA-PRF 52353Z US 54968258.7 -3370955902
LUPATECH SA LUPA3 BZ 684389276 -151417630
LUPATECH SA LUPAF US 684389276 -151417630
LUPATECH SA -RCT LUPA9 BZ 684389276 -151417630
LUPATECH SA-ADR LUPAY US 684389276 -151417630
LUPATECH SA-RT LUPA11 BZ 684389276 -151417630
LUPATECH SA-RTS LUPA1 BZ 684389276 -151417630
MINUPAR MNPR3 BZ 119382337 -92195102.2
MINUPAR SA MNPRON BZ 119382337 -92195102.2
MINUPAR SA-PREF MNPRPN BZ 119382337 -92195102.2
MINUPAR-PREF MNPR4 BZ 119382337 -92195102.2
MINUPAR-RCT 9314634Q BZ 119382337 -92195102.2
MINUPAR-RCT 0599564D BZ 119382337 -92195102.2
MINUPAR-RCT MNPR9 BZ 119382337 -92195102.2
MINUPAR-RT 9314542Q BZ 119382337 -92195102.2
MINUPAR-RT 0599562D BZ 119382337 -92195102.2
MINUPAR-RTS MNPR1 BZ 119382337 -92195102.2
NORDON MET NORD3 BZ 11154278.4 -30655920.5
NORDON METAL NORDON BZ 11154278.4 -30655920.5
NORDON MET-RTS NORD1 BZ 11154278.4 -30655920.5
NOVA AMERICA SA NOVA3 BZ 21287490.2 -183535537
NOVA AMERICA SA NOVA3B BZ 21287490.2 -183535537
NOVA AMERICA SA NOVAON BZ 21287490.2 -183535537
NOVA AMERICA SA 1NOVON BZ 21287490.2 -183535537
NOVA AMERICA-PRF NOVA4 BZ 21287490.2 -183535537
NOVA AMERICA-PRF NOVA4B BZ 21287490.2 -183535537
NOVA AMERICA-PRF NOVAPN BZ 21287490.2 -183535537
NOVA AMERICA-PRF 1NOVPN BZ 21287490.2 -183535537
PADMA INDUSTRIA LCSA4 BZ 388720096 -213641152
PARMALAT LCSA3 BZ 388720096 -213641152
PARMALAT BRASIL LCSAON 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
PET MANG-RECEIPT 0229292Q BZ 155768607 -254677565
PET MANG-RECEIPT 0229296Q BZ 155768607 -254677565
PET MANG-RECEIPT RPMG9 BZ 155768607 -254677565
PET MANG-RECEIPT RPMG10 BZ 155768607 -254677565
PET MANG-RIGHTS 3678565Q BZ 155768607 -254677565
PET MANG-RIGHTS 3678569Q BZ 155768607 -254677565
PET MANG-RT 4115360Q BZ 155768607 -254677565
PET MANG-RT 4115364Q BZ 155768607 -254677565
PET MANG-RT 0229249Q BZ 155768607 -254677565
PET MANG-RT 0229268Q BZ 155768607 -254677565
PET MANG-RT RPMG2 BZ 155768607 -254677565
PET MANG-RT 0848424D BZ 155768607 -254677565
PET MANG-RTS RPMG1 BZ 155768607 -254677565
PET MANGUINH-PRF RPMG4 BZ 155768607 -254677565
PETRO MANGUINHOS RPMG3 BZ 155768607 -254677565
PETRO MANGUINHOS MANGON BZ 155768607 -254677565
PETRO MANGUIN-PF MANGPN BZ 155768607 -254677565
PETROLERA DEL CO PSUR AR 64304554.3 -1269120.57
PORTX OPERACOES PRTX3 BZ 976769385 -9407990.18
PORTX OPERA-GDR PXTPY US 976769385 -9407990.18
PUYEHUE PUYEH CI 23274759.4 -4575396.32
PUYEHUE RIGHT PUYEHUOS CI 23274759.4 -4575396.32
RECRUSUL RCSL3 BZ 41210099.9 -18423894.9
RECRUSUL - RCT 4529789Q BZ 41210099.9 -18423894.9
RECRUSUL - RCT 4529793Q BZ 41210099.9 -18423894.9
RECRUSUL - RCT 0163582D BZ 41210099.9 -18423894.9
RECRUSUL - RCT 0163583D BZ 41210099.9 -18423894.9
RECRUSUL - RCT 0614675D BZ 41210099.9 -18423894.9
RECRUSUL - RCT 0614676D BZ 41210099.9 -18423894.9
RECRUSUL - RCT RCSL10 BZ 41210099.9 -18423894.9
RECRUSUL - RT 4529781Q BZ 41210099.9 -18423894.9
RECRUSUL - RT 4529785Q BZ 41210099.9 -18423894.9
RECRUSUL - RT 0163579D BZ 41210099.9 -18423894.9
RECRUSUL - RT 0163580D BZ 41210099.9 -18423894.9
RECRUSUL - RT 0614673D BZ 41210099.9 -18423894.9
RECRUSUL - RT 0614674D BZ 41210099.9 -18423894.9
RECRUSUL SA RESLON BZ 41210099.9 -18423894.9
RECRUSUL SA-PREF RESLPN BZ 41210099.9 -18423894.9
RECRUSUL SA-RCT RCSL9 BZ 41210099.9 -18423894.9
RECRUSUL SA-RTS RCSL1 BZ 41210099.9 -18423894.9
RECRUSUL SA-RTS RCSL2 BZ 41210099.9 -18423894.9
RECRUSUL-BON RT RCSL11 BZ 41210099.9 -18423894.9
RECRUSUL-BON RT RCSL12 BZ 41210099.9 -18423894.9
RECRUSUL-PREF RCSL4 BZ 41210099.9 -18423894.9
REDE EMP ENE ELE ELCA4 BZ 1068602117 -71011565.8
REDE EMP ENE ELE ELCA3 BZ 1068602117 -71011565.8
REDE EMPRESAS-PR REDE4 BZ 1068602117 -71011565.8
REDE ENERGIA SA REDE3 BZ 1068602117 -71011565.8
REDE ENERG-UNIT REDE11 BZ 1068602117 -71011565.8
REDE ENER-RCT 3907731Q BZ 1068602117 -71011565.8
REDE ENER-RCT REDE9 BZ 1068602117 -71011565.8
REDE ENER-RCT REDE10 BZ 1068602117 -71011565.8
REDE ENER-RT 3907727Q BZ 1068602117 -71011565.8
REDE ENER-RT REDE1 BZ 1068602117 -71011565.8
REDE ENER-RT REDE2 BZ 1068602117 -71011565.8
REII INC REIC US 14423532 -3506007
RENAUXVIEW SA TXRX3 BZ 89516044.1 -84915135
RENAUXVIEW SA-PF TXRX4 BZ 89516044.1 -84915135
RIMET REEM3 BZ 103098359 -185417651
RIMET REEMON BZ 103098359 -185417651
RIMET-PREF REEM4 BZ 103098359 -185417651
RIMET-PREF REEMPN BZ 103098359 -185417651
SANESALTO SNST3 BZ 22323863.1 -3810831.28
SANSUY SNSY3 BZ 180592889 -139972527
SANSUY SA SNSYON BZ 180592889 -139972527
SANSUY SA-PREF A SNSYAN BZ 180592889 -139972527
SANSUY SA-PREF B SNSYBN BZ 180592889 -139972527
SANSUY-PREF A SNSY5 BZ 180592889 -139972527
SANSUY-PREF B SNSY6 BZ 180592889 -139972527
SAUIPE PSEG3 BZ 18741726.8 -4445594.67
SAUIPE SA PSEGON BZ 18741726.8 -4445594.67
SAUIPE SA-PREF PSEGPN BZ 18741726.8 -4445594.67
SAUIPE-PREF PSEG4 BZ 18741726.8 -4445594.67
SCHLOSSER SCLO3 BZ 57116503.7 -55719510.4
SCHLOSSER SA SCHON BZ 57116503.7 -55719510.4
SCHLOSSER SA-PRF SCHPN BZ 57116503.7 -55719510.4
SCHLOSSER-PREF SCLO4 BZ 57116503.7 -55719510.4
SNIAFA SA SNIA AR 11229696.2 -2670544.86
SNIAFA SA-B SDAGF US 11229696.2 -2670544.86
SNIAFA SA-B SNIA5 AR 11229696.2 -2670544.86
STAROUP SA STARON BZ 27663605.3 -7174512.12
STAROUP SA-PREF STARPN BZ 27663605.3 -7174512.12
STEEL - RCT ORD STLB9 BZ 18737018.1 -11880129.9
STEEL - RT STLB1 BZ 18737018.1 -11880129.9
TEKA TKTQF US 371193871 -375865470
TEKA TEKA3 BZ 371193871 -375865470
TEKA TEKAON BZ 371193871 -375865470
TEKA-ADR TEKAY US 371193871 -375865470
TEKA-ADR TKTPY US 371193871 -375865470
TEKA-ADR TKTQY US 371193871 -375865470
TEKA-PREF TKTPF US 371193871 -375865470
TEKA-PREF TEKA4 BZ 371193871 -375865470
TEKA-PREF TEKAPN BZ 371193871 -375865470
TEKA-RCT TEKA9 BZ 371193871 -375865470
TEKA-RCT TEKA10 BZ 371193871 -375865470
TEKA-RTS TEKA1 BZ 371193871 -375865470
TEKA-RTS TEKA2 BZ 371193871 -375865470
TEXTEIS RENA-RCT TXRX9 BZ 89516044.1 -84915135
TEXTEIS RENA-RCT TXRX10 BZ 89516044.1 -84915135
TEXTEIS RENAU-RT TXRX1 BZ 89516044.1 -84915135
TEXTEIS RENAU-RT TXRX2 BZ 89516044.1 -84915135
TEXTEIS RENAUX RENXON BZ 89516044.1 -84915135
TEXTEIS RENAUX RENXPN BZ 89516044.1 -84915135
VARIG PART EM SE VPSC3 BZ 83017833.2 -495721727
VARIG PART EM TR VPTA3 BZ 49432124.7 -399290401
VARIG PART EM-PR VPTA4 BZ 49432124.7 -399290401
VARIG PART EM-PR VPSC4 BZ 83017833.2 -495721727
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 591011112 -26163506.4
VULCABRAS AZ-PRF VULC4 BZ 591011112 -26163506.4
VULCABRAS SA VULCON BZ 591011112 -26163506.4
VULCABRAS SA-PRF VULCPN BZ 591011112 -26163506.4
VULCABRAS-RCT VULC9 BZ 591011112 -26163506.4
VULCABRAS-REC PR VULC10 BZ 591011112 -26163506.4
VULCABRAS-RECEIP 0853207D BZ 591011112 -26163506.4
VULCABRAS-RIGHT 0853205D BZ 591011112 -26163506.4
VULCABRAS-RIGHT VULC2 BZ 591011112 -26163506.4
VULCABRAS-RT PRF VULC11 BZ 591011112 -26163506.4
VULCABRAS-RTS VULC1 BZ 591011112 -26163506.4
WETZEL SA MWET3 BZ 95682256.3 -5467518.71
WETZEL SA MWELON BZ 95682256.3 -5467518.71
WETZEL SA-PREF MWET4 BZ 95682256.3 -5467518.71
WETZEL SA-PREF MWELPN BZ 95682256.3 -5467518.71
***********
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.
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$775 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 Peter A. Chapman at 215-945-7000 or Nina Novak at
202-241-8200.
* * * End of Transmission * * *