/raid1/www/Hosts/bankrupt/TCRLA_Public/150922.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, September 22, 2015, Vol. 16, No. 187
Headlines
B A H A M A S
BAHA MAR: Developer Exploring Options After Losing Bankruptcy Bid
C A Y M A N I S L A N D S
1OAK INVESTMENT: Creditors' Proofs of Debt Due Sept. 23
CHARTER LIMITED: Creditors' Proofs of Debt Due Sept. 30
CHEYNE CDO I: Shareholders' Final Meeting Set for Sept. 23
DC HOLDINGS: Shareholders Receive Wind-Up Report
GLS 193: Shareholders' Final Meeting Set for Sept. 24
HUTCHISON WHAMPOA: Shareholders' Final Meeting Set for Oct. 2
ICP STRATEGIC: DLA Piper Wins Dismissal of Liquidators' Suit
ITAU LATIN AMERICA: Placed Under Voluntary Wind-Up
ITAU LATIN MASTER: Placed Under Voluntary Wind-Up
MYSTIC RE III: Members Receive Wind-Up Report
OAKWOOD INVESTMENTS: Shareholders' Final Meeting Set for Sept. 23
SHIRAZ HOLDINGS: Shareholders' Final Meeting Set for Sept. 24
SKYSTREET INVESTMENT: Members' Final Meeting Set for Sept. 29
SM TOPCO: Shareholders Receive Wind-Up Report
YIELD STRATEGIES: Shareholders' Final Meeting Set for Sept. 23
C O S T A R I C A
AERIS HOLDINGS: Moody's Provisionally Rates US$127MM Sr. Notes Ba2
D O M I N I C A N R E P U B L I C
DOMINICAN REPUBLIC: Haitians Defy Port-au-Prince's Ban on Products
J A M A I C A
DIGICEL GROUP: To Make Decision on IPO Date Soon
JAMAICA: Current Account Deficit Looking Good, IMF Says
M E X I C O
CONTROLADORA MABE: S&P Affirms 'BB+' Rating; Outlook Positive
P U E R T O R I C O
AMERICAN AGENCIES: Proposes Doris Barroso Vicens as Accountant
AMERICAN AGENCIES: Wants to Hire C. Conde & Associates as Counsel
AMERICAN AGENCIES: Seeks Substantive Consolidation of Cases
ANNA'S LINENS: Court Okays Hiring of RCS as Real Estate Consultant
ANNA'S LINENS: Court Approves Hiring of BDO as Accountant
PUERTO RICO: Treasury Urges Congress to Act on Restructuring
S T. L U C I A
ST. LUCIA: Economy on the Rebound but Risks Remain, PM Says
X X X X X X X X X
* Large Companies With Insolvent Balance Sheets
- - - - -
=============
B A H A M A S
=============
BAHA MAR: Developer Exploring Options After Losing Bankruptcy Bid
-----------------------------------------------------------------
Caribbean360.com reports that a United States court has dismissed
bankruptcy protection bid from the developers of the multi-
million-dollar Baha Mar resort in the Bahamas.
And while the Bahamas government is thrilled with the decision,
the developers say they will be exploring their options.
Judge Kevin Carey dismissed the Chapter 11 proceedings filed in
the Delaware court by Baha Mar chief executive officer Sarkis
Izmirlian, ruling in favor of the contractor on the project, China
Construction America (CCA), and its financier, the China Export-
Import Bank (CEXIM), according to Caribbean360.com.
The report notes that the developers of the $3.5 million project
had filed for the bankruptcy protection in the US in July,
claiming US$2.7 billion in debt -- including US$2.4 billion owed
to state-owned Export-Import Bank of China -- and arguing that the
general contractor had repeatedly missed deadlines which left the
company without a sufficient source of revenue to continue its
existing business.
The judge ruled that Baha Mar's creditors had "a legitimate
expectation" that any insolvency proceedings involving the mega-
resort should take place in the Bahamas; and that continuing the
Chapter 11 was unlikely to compel Baha Mar, its Chinese partners
and the Bahamas government to return to negotiations to get the
stalled resort, which is said to be 97 per complete and is now
eight months past its original opening date, back on track, the
report notes.
That means the parties have less than two months to reach some
agreement, since provisional liquidators have been appointed to
protect the resort's assets until November 2, at which time the
court in the Bahamas is scheduled to rule on the winding down
petition that will determine the development's fate, the report
relates.
Baha Mar said it was disappointed in the ruling and would "explore
its alternatives," the report discloses.
"Our priority continues to be ensuring Baha Mar is in a position
to be completed properly and opened successfully as soon as
possible. We are continuing to do all we realistically can,
including working with the provisional liquidators appointed by
the Bahamian Supreme Court, to try to resolve the issues that have
prevented Baha Mar from opening," Baha Mar said, the report
relays.
The report notes that the Bahamas government and CCA, meantime,
welcomed the court's decision.
"The Delaware Bankruptcy Court's decision advances that objective
and recognizes that the interests of the Bahamian Baha Mar
entities and their creditors will be best served by the Bahamian
proceedings and by negotiations. The government therefore invites
all parties to join it in cooperating with the provisional
liquidators to bring about a prompt resolution of this matter in
the interests of the Bahamian people," the Perry Christie
administration said, the report discloses.
In a statement, CCA said it supports the court's decision that
issues concerning Baha Mar are best resolved within the Bahamas,
the report notes.
The contractor said it would work with the provisional liquidators
and insisted that it was "ready, willing and able to re-mobilize
the appropriate resources to complete the Baha Mar resort as soon
as possible," the report adds.
About Baha Mar
Orlando, Florida-based Northshore Mainland Services Inc., Baha Mar
Enterprises Ltd., and their affiliates sought protection under
Chapter 11 of the Bankruptcy Code on June 29, 2015 (Bankr. D.Del.,
Case No. 15-11402). Baha Mar owns, and is in the final stages of
developing, a 3.3 million square foot resort complex located in
Cable Beach, Nassau, The Bahamas.
The bankruptcy cases are assigned to Judge Kevin J. Carey. The
Debtors are represented by Paul S. Aronzon, Esq., and Mark
Shinderman, Esq., at Milbank, Tweed, Hadley & McCloy LLP, in Los
Angeles, California; and Gerard Uzzi, Esq., Thomas J. Matz,
Esq.,and Steven Z. Szanzer, Esq., at Milbank, Tweed, Hadley &
McCloy LLP, in New York. The Debtors' Delaware counsel are Laura
Davis Jones, Esq., James E. O'Neill, Esq., Colin R. Robinson,
Esq., and Peter J. Keane, Esq., at Pachulski Stang Ziehl & Jones
LLP, in Wilmington, Delaware. The Debtors' Bahamian counsel is
Glinton Sweeting O'Brien. The Debtors' special litigation counsel
is Kobre & Kim LLP. The Debtors' construction counsel is Glaser
Weil Fink Howard Avchen & Shapiro LLP.
The Debtors' investment banker and financial advisor is Moelis
Company LLC. The Debtors' claims and noticing agent is Prime
Clerk
LLC.
==========================
C A Y M A N I S L A N D S
==========================
1OAK INVESTMENT: Creditors' Proofs of Debt Due Sept. 23
-------------------------------------------------------
The creditors of 1OAK Investment Strategies Limited are required
to file their proofs of debt by Sept. 23, 2015, to be included in
the company's dividend distribution.
The company commenced liquidation proceedings on Aug. 11, 2015.
The company's liquidator is:
Giovanni Bonaccorso
51 Hays Mews
London W1J 5QJ
UK
Telephone: +44 207 016 7979
CHARTER LIMITED: Creditors' Proofs of Debt Due Sept. 30
-------------------------------------------------------
The creditors of Charter Limited are required to file their proofs
of debt by Sept. 30, 2015, to be included in the company's
dividend distribution.
The company commenced wind-up proceedings on Aug. 20, 2015.
The company's liquidator is:
Eagle Holdings Ltd.
c/o Barclays Trust Company (Cayman) Limited
FirstCaribbean House, 4th Floor
P.O. Box 487 Grand Cayman KY1-1106
Cayman Islands
Telephone: (345) 949-7128
CHEYNE CDO I: Shareholders' Final Meeting Set for Sept. 23
----------------------------------------------------------
The shareholders of Cheyne CDO I General Partner Limited will hold
their final meeting on Sept. 23, 2015, 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:
Mourant Ozannes Cayman Liquidators Limited
c/o Jo-Anne Maher
Telephone: (345) 814 9255
Facsimile: (345) 949 4647
94 Solaris Avenue Camana Bay
P.O. Box 1348 Grand Cayman KY1-1108
Cayman Islands
DC HOLDINGS: Shareholders Receive Wind-Up Report
------------------------------------------------
The shareholders of DC Holdings received on Sept. 21, 2015, the
liquidator's report on the company's wind-up proceedings and
property disposal.
The company's liquidator is:
Avalon Ltd.
Landmark Square, 1st Floor
64 Earth Close
P.O. Box 715 Grand Cayman KY1-1107
Cayman Islands
Facsimile: +1 (345) 769-9351
GLS 193: Shareholders' Final Meeting Set for Sept. 24
-----------------------------------------------------
The shareholders of GLS 193 Fund, Ltd. will hold their final
meeting on Sept. 24, 2015, 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:
Geoff Symonds
30 Chelsea Park Gardens
London SW3 6AA
United Kingdom
Telephone: +44 2076593131
HUTCHISON WHAMPOA: Shareholders' Final Meeting Set for Oct. 2
-------------------------------------------------------------
The shareholders of Hutchison Whampoa International (03/13)
Limited will hold their final meeting on Oct. 2, 2015, to receive
the liquidator's report on the company's wind-up proceedings and
property disposal.
The company's liquidator is:
Ying Hing Chiu
Hopewell Centre, Level 54
183 Queen's Road East
Hong Kong
Telephone: (852) 2980-1988
Facsimile: (852) 2882-6700
c/o Maples and Calder
Attorneys-at-law
P.O. Box 309, Ugland House
Grand Cayman, KY1-1104
Cayman Islands
ICP STRATEGIC: DLA Piper Wins Dismissal of Liquidators' Suit
------------------------------------------------------------
DLA Piper LLP (US) won dismissal of a lawsuit filed by Hugh
Dickson and Michael Saville -- in their capacity as the Foreign
Representatives and the Joint Official Liquidators of ICP
Strategic Credit Income Fund Ltd., and ICP Strategic Credit Income
Master Fund Ltd. -- and the Funds for whom the Liquidators act.
The Liquidators assert claims against DLA for:
(1) aiding and abetting fraud;
(2) aiding and abetting breaches of fiduciary duty; and
(3) "fraudulent trading" pursuant to section 147 of the Cayman
Islands Companies Law.
DLA Piper moves to dismiss the complaint under Fed.R.Civ.P.
12(b)(6).
Bankruptcy Judge Robert E. Gerber concludes that the Liquidators
have (though just barely) alleged claims for primary violations
(as that expression is used in aiding and abetting jurisprudence)
of breach of fiduciary duties owed to the Funds. But the
Liquidators have not done so for fraud or fraudulent trading. The
Court further concludes that (assuming that the Liquidators could
show substantial assistance by the delivery of routine legal
services if DLA Piper provided them knowing that it was doing
something wrong) the Liquidators have failed to plausibly allege
the "knowledge" prong of the claim for aiding and abetting
breaches of fiduciary duty -- that DLA Piper knew that it was
assisting in a violation of duty. And most obviously, the
Liquidators are barred from recovery by the in pari delicto
defense under New York's "Wagoner Rule." Accordingly, each of the
claims must be, and is, dismissed.
A copy of Judge Gerber's Sept. 15 Decision and Order is available
at http://is.gd/hjR35qfrom Leagle.com.
The case is captioned, ICP STRATEGIC CREDIT INCOME MASTER FUND
LTD., ICP STRATEGIC CREDIT INCOME FUND LTD., and HUGH DICKSON and
STEPHEN AKERS, solely in their capacity as the Foreign
Representatives and Joint Official Liquidators of ICP Strategic
Credit Income Fund Ltd. and ICP Strategic Credit Income Master
Fund Ltd., Plaintiffs, v. DLA PIPER LLP (US), Defendant (Bankr.
S.D.N.Y.).
Strategic Credit Income Master Fund Ltd., Plaintiff, represented
by:
Craig A. Boneau, Esq.
Joshua J. Bruckerhoff, Esq.
Rachel S. Fleishman, Esq.
William T. Reid IV, Esq.
Reid Collins & Tsai LLP
1301 S. Capital of Texas Hwy
Building C, Suite 300
Austin, TX 78746
Tel: (512) 647-6123
(512) 647-6100
E-mail: cboneau@rctlegal.com
jbruckerhoff@rctlegal.com
rfleishman@rctlegal.com
wreid@rctlegal.com
DLA Piper L.L.P. (US), Defendant, is represented by:
Matthew Stewart Kahn, Esq.
GIBSON, DUNN & CRUTCHER LLP
555 Mission Street, Suite 3000
San Francisco, CA 94105-0921
Tel: 415.393.8212
Fax: 415.374.8466
E-mail: mkahn@gibsondunn.com
- and -
Craig H. Millet, Esq.
GIBSON, DUNN & CRUTCHER LLP
3161 Michelson Drive
Irvine, CA 92612-4412
Tel: 949.451.3986
Fax: 949.475.4651
E-mail: cmillet@gibsondunn.com
- and
Kevin S. Rosen, Esq.
GIBSON, DUNN & CRUTCHER LLP
Los Angeles Office
333 South Grand Avenue
Los Angeles, CA 90071-3197
Tel: 213.229.7635
Fax: 213.229.6635
E-mail: krosen@gibsondunn.com
ICP Strategic Credit Income Fund Ltd. and ICP Structured Credit
Income Fund Ltd. filed petitions under Chapter 15 of the
Bankruptcy Code on June 28, 2013, before Judge Robert E. Gerber of
the U.S. Bankruptcy Court for the Southern District of New York
(Manhattan), Case No. 13-12116. The Debtors' Chapter 15 counsel
is William T. Reid, IV, Esq., at REID COLLINS & TSAI LLP.
ITAU LATIN AMERICA: Placed Under Voluntary Wind-Up
--------------------------------------------------
On Aug. 19, 2015, the sole shareholder of Itau Latin America Long
Short (Offshore) Fund resolved to voluntarily wind up the
company's operations.
Creditors are required to file their proofs of debt to be included
in the company's dividend distribution.
The company's liquidator is:
Elian Fiduciary Services (Cayman) Limited
c/o Anna Cummings
Telephone: +1 (345) 949 9876 or 815 1858
Ogier
89 Nexus Way Camana Bay
Grand Cayman KY1-9007
Cayman Islands
ITAU LATIN MASTER: Placed Under Voluntary Wind-Up
-------------------------------------------------
On Aug. 19, 2015, the sole shareholder of Itau Latin America Long
Short Master Fund resolved to voluntarily wind up the company's
operations
Creditors are required to file their proofs of debt to be included
in the company's dividend distribution.
The company's liquidator is:
Elian Fiduciary Services (Cayman) Limited
c/o Anna Cummings
Telephone: +1 (345) 949 9876 or 815 1858
Ogier
89 Nexus Way Camana Bay
Grand Cayman KY1-9007
Cayman Islands
MYSTIC RE III: Members Receive Wind-Up Report
---------------------------------------------
The members of Mystic RE III Ltd received on Sept. 21, 2015, the
liquidator's report on the company's wind-up proceedings and
property disposal.
The company's liquidator is:
Russell Smith
c/o Antoine Powell
Telephone: (345) 815-4558
BDO CRI (Cayman) Ltd.
Governors Square, Floor 2 - Building 3
23 Lime Tree Bay Ave
P.O. Box 31229 Grand Cayman, KY1-1205
Cayman Islands
OAKWOOD INVESTMENTS: Shareholders' Final Meeting Set for Sept. 23
-----------------------------------------------------------------
The shareholders of Oakwood Investments Ltd will hold their final
meeting on Sept. 23, 2015, at 9:00 a.m., to receive the
liquidator's report on the company's wind-up proceedings and
property disposal.
The company's liquidator is:
Appleby Trust (Cayman) Ltd.
c/o Richard Gordon
Telephone: +1 (345) 949 4900
75 Fort Street
P.O. Box 1350 Grand Cayman KY1-1108
Cayman Islands
SHIRAZ HOLDINGS: Shareholders' Final Meeting Set for Sept. 24
-------------------------------------------------------------
The shareholders of Shiraz Holdings Ltd. will hold their final
meeting on Sept. 24, 2015, at 9:00 a.m., to receive the
liquidator's report on the company's wind-up proceedings and
property disposal.
The company's liquidator is:
Peter Goulden
Mourant Ozannes Cayman Liquidators Limited
94 Solaris Avenue Camana Bay
P.O. Box 1348 Grand Cayman KY1-1108
Cayman Islands
SKYSTREET INVESTMENT: Members' Final Meeting Set for Sept. 29
-------------------------------------------------------------
The members of Skystreet Investment Fund SPC will hold their final
meeting on Sept. 29, 2015, 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:
Turners Management Ltd.
P.O. Box 2636
Strathvale House, 3rd Floor
90 North Church Street
Grand Cayman, KY1-1102
Cayman Islands
c/o Kirsten Le Pape
Telephone: +1 (345) 814 0721
SM TOPCO: Shareholders Receive Wind-Up Report
---------------------------------------------
The shareholders of SM Topco received on Sept. 21, 2015, the
liquidator's report on the company's wind-up proceedings and
property disposal.
The company's liquidator is:
Avalon Ltd.
Landmark Square, 1st Floor
64 Earth Close
P.O. Box 715 Grand Cayman KY1-1107
Cayman Islands
Facsimile: +1 (345) 769-9351
YIELD STRATEGIES: Shareholders' Final Meeting Set for Sept. 23
--------------------------------------------------------------
The shareholders of Yield Strategies Fund II Master Fund, Ltd.
will hold their final meeting on Sept. 23, 2015, at 9:00 a.m., to
receive the liquidator's report on the company's wind-up
proceedings and property disposal.
The company's liquidator is:
Mourant Ozannes Cayman Liquidators Limited
c/o Jo-Anne Maher
Telephone: (345) 814 9255
Facsimile: (345) 949 4647
94 Solaris Avenue Camana Bay
P.O. Box 1348 Grand Cayman KY1-1108
Cayman Islands
===================
C O S T A R I C A
===================
AERIS HOLDINGS: Moody's Provisionally Rates US$127MM Sr. Notes Ba2
------------------------------------------------------------------
Moody's Investors Service assigned a provisional rating of (P) Ba2
to Aeris Holdings Costa Rica S.A. de C.V.'s issuance of
approximately US$127 million of senior notes. Proceeds will be
used to refinance the outstanding loans consisting of roughly
$89 million obtained in 2011 from Overseas Private Investment
Corporation and Inter-American Development Bank, and $25 million
of the IBSA Subordinated Loan (a loan from the shareholders).
Upon review of final documentation, unless there are material
changes to the information and documents reviewed to date, we
would expect to assign a definitive rating of Ba2 to the bonds.
Aeris Holding Costa Rica S.A. operates Aeropuerto Internacional
Juan Santamaria, Costa Rica's (Ba1 stable) main airport, under a
management contract (Contrato de Gestion Interesada, "CGI") due
May 2026. Responsibilities include the provision of services for
the operation, management, maintenance, renovation, financing,
construction and promotion of the airport.
RATINGS RATIONALE
The (P) Ba2 rating is supported by the airport's strategic
importance to Costa Rica, where its market share is 80% of total
air travel. Handling more than 80% of the country's tourists, a
significant portion of its revenues come from international
travelers, providing the company with a natural hedge to the
domestic economy and related risks. Recent passenger trends have
been positive, with a compound annual passenger growth of 3.2%
since 2010. These growth trends are expected to continue given
the better economic prospects for the United States of America,
origin of 50% of international travelers.
The assigned rating also reflect a comparatively short time
remaining under the CGI contract (around 11 years), coupled with
the challenges of a large capital investment program for the first
five years of the life of the Notes. Under the CGI, these
investments are to be recovered via tariffs, with a set Internal
Rate of Return, over the shorter of the next ten years or the time
left under the contract. As such, any material shortages and/or
delays on the capital program, might have a negative impact on
Aeris' revenues. While Moody's acknowledges the clear tariff-
setting and investment recovery provisions under the CGI,
including an economic equilibrium provision, we also note that the
governing contract is different from the concession agreements
under which most other privately managed airports operate outside
of the United States.
Under Moody's Base Case, Funds From Operations to Debt is expected
to average 29.7% and Moody's Debt Service Coverage is estimated to
average 2.4x over the life of the Notes, in line with the Ba range
under Moody's rating methodology. Nevertheless, over the first
few years of the transaction these metrics are weaker given the
large capital investments incurred over this period. The rating
also takes into account the subordination of the IBSA Subordinated
Loan. Over the first five years of the life of the Notes, IBSA
Subordinated Loan interest payments will be capitalized. If cash
is available, and if a historic and projected Debt Service
Coverage Ratio of 1.2x is met, then IBSA interests payments may be
made starting 2019. No principal payments to the IBSA
Subordinated Loan are permitted until the Notes, and any accrued
interest, have been paid in full.
The rating is also supported by the project finance features under
the Notes, including: a trust managed cash waterfall, a 6-month
(one semiannual payment) debt service reserve account, a forward
looking 3-month Operation and Maintenance Reserve Account,
limitations on additional indebtedness, distribution lock-up
tests, and a Capital Expenditure Prefunding Account, equivalent to
around 20% of the total Capital Program.
The rating outlook is stable. The stable outlook reflects Moody's
expectation that Aeris will continue to show a positive trend of
passenger growth, execute the capital program to maintain its
infrastructure to support the demand growth, and sustain
manageable debt levels and strong liquidity leading to solid cash
interest coverage ratios.
WHAT COULD CHANGE THE RATING UP/DOWN
Upward pressure on the rating could develop if Aeris' passenger
growth exceeds projections on a sustainable basis leading to
consistent stronger credit metrics with Moody's debt service
coverage ratio above 1.8 times.
Downward pressure on the issuer and debt ratings could develop if
there are sustained decreases in passenger traffic or if there are
significant capital expenditure overruns, or Aeris' credit metrics
weaken on a sustained basis with cash interest coverage ratio
consistently below 2.0 times or its FFO/Debt ratio was
consistently below 7.5%.
===================================
D O M I N I C A N R E P U B L I C
===================================
DOMINICAN REPUBLIC: Haitians Defy Port-au-Prince's Ban on Products
------------------------------------------------------------------
Dominican Today, citing local media, reports that Haitian
merchants defied their government's ban on the entry of 23
products from Dominican Republic for the land border.
The merchants asked the Finance Ministry in Port-au-Prince to
suspend the ban until October 1, alleging the need to meet
financial commitments, according to Dominican Today.
Since early Sept. 18, hundreds of merchants were hauling the wares
bought in Dajabon's market into their territory on wheelbarrows
and other means, the report notes.
Quoted by elcaribe.com.do, retailers association president
Fernando Diaz said the merchants can't withstand the many
obstacles to legal commerce, whereas his colleague Abigail Bueno
said he's heard of "shakedowns" on products the Haitians buy on
the Dominican side of the border, with around 50 cartons of
cooking oil seized in nearby Ouanaminthe, the report adds.
=============
J A M A I C A
=============
DIGICEL GROUP: To Make Decision on IPO Date Soon
------------------------------------------------
RJR News reports that Digicel Group Limited may set a date for its
initial public offer after the decision on US interest rates.
Digicel, which runs telecoms networks in the Caribbean, Central
America and the Pacific, is planning to raise US$1.5 to US$2
billion from the sale of some of its shares on the New York Stock
Exchange, according to RJR News.
A report in the Irish Times newspaper said the company could fix a
launch date after the Federal Reserve -- the US central bank --
meets.
The Fed is likely to decide whether to raise interest rates, a
move reports say would provide Digicel with the nearest
opportunity to set a price and date for the stock market
flotation, the report relates.
* * *
As reported in the Troubled Company Reporter-Latin America on
May 25, 2015, Fitch Ratings has affirmed the ratings of Digicel
Group Limited (DGL) and its subsidiaries Digicel Limited (DL) and
Digicel International Finance Limited (DIFL), collectively
referred to as 'Digicel' as follows.
DGL
-- Long-term Issuer Default Rating (IDR) at 'B' with a Stable
Outlook;
-- USD 2.5 billion 8.25% senior subordinated notes due 2020 at
'B-/RR5';
-- USD 1 billion 7.125% senior unsecured notes due 2022 at 'B
-/RR5'.
DL
-- Long-term IDR at 'B' with a Stable Outlook;
-- USD 250 million 7% senior notes due 2020 at 'B/RR4';
-- USD 1.3 billion 6% senior notes due 2021 at 'B/RR4';
-- USD 925 million 6.75% senior notes due 2023 at 'B/RR4';
DIFL
-- Long-term IDR at 'B' with a Stable Outlook;
-- Senior secured credit facility at 'B+/RR3'.
JAMAICA: Current Account Deficit Looking Good, IMF Says
-------------------------------------------------------
RJR News reports that the International Monetary Fund (IMF) is
projecting Jamaica's current account deficit over the next two
years to be in the region of three-to-four per cent of Gross
Domestic Product.
This figure is ideal for the country, according to Bert Van Selm,
IMF Resident Representative in Jamaica, according to RJR News.
"That's a major difference from where we were when we started this
economic reform program, when we were well into double-digits in
current account," he said, RJR News notes.
The current account reflects the difference between what a country
earns and what it spends, the report relays.
"That difference cannot be too large, because if it is too large,
you will just continue to increase your debt," Mr. Van Selm
stressed, the report notes.
But, according to him, the deficit, as it stands now, is "roughly
where it should be for an emerging country like Jamaica; it's
normal to have a minor current account deficit," the report adds.
* * *
As reported in Troubled Company Reporter-Latin America on July 29,
2015, Standard & Poor's Ratings Services assigned its 'B' issue
rating on Jamaica's up to US$2 billion in bonds issued in two
tranches. The first tranche is for up to US$1,350 million due in
2028. The second tranche is for up to US$650 million due in 2045.
The government will use the proceeds to purchase debt that Jamaica
owes to Venezuela as well as to finance the government's 2015/2016
budget.
===========
M E X I C O
===========
CONTROLADORA MABE: S&P Affirms 'BB+' Rating; Outlook Positive
-------------------------------------------------------------
Standard & Poor's Ratings Services revised its outlook on
Controladora Mabe, S.A. de C.V. (Mabe) to positive from stable.
At the same time, S&P affirmed its 'BB+' corporate and issue-level
ratings on the company.
The outlook revision reflects Mabe's enhanced operating
performance that has strengthened its cash flow generation and
liquidity, leading to debt to EBITDA slightly below 3.0x on a
quarterly basis as of June 30, 2015. S&P believes Mabe will
continue to improve its operating performance during the second
half of 2015, considering its large presence in Mexico and the
U.S., as well as the favorable environment of raw materials
globally. The company operates in the U.S. through its joint
venture with General Electric Co. (GE; AA+/Stable/A-1+); these two
markets are the main revenue drivers for the company because S&P
expects they will continue generating about 60% of total sales.
On the other hand, despite the Mexican peso's recent depreciation
that has led to a currency mismatch between debt and sales for
some Mexican companies, S&P believes Mabe is less vulnerable given
that about 50% of its revenues are dollar-denominated from the
sales in the U.S. and exports. Moreover, S&P expects the company
will continue to sell its non-core assets, and it expects Mabe
will use these proceeds to pay down debt. Therefore, S&P could
revise its financial risk profile on Mabe to "intermediate" from
"significant" in the next 12 months and raise the ratings.
Mabe's business risk profile reflects the company's strong market
position in most of the countries where it operates and its
geographic diversification throughout the Americas with a broad
portfolio of brands, which it customizes to meet local demand
preferences.
Mabe's financial risk profile reflects S&P's expectations that
despite the company's improved cash flow generation, its adjusted
FOCF to debt will continue to be below 15% by the end of 2015.
However, S&P believes that if the company continues posting a
favorable cash flow generation, this ratio, along with its
expectation of a debt to EBITDA below 3x, could improve further in
the following months and lead to a revision of the company's
financial risk profile to "intermediate" from "significant."
======================
P U E R T O R I C O
======================
AMERICAN AGENCIES: Proposes Doris Barroso Vicens as Accountant
--------------------------------------------------------------
American Agencies Co., Inc. seeks the Bankruptcy Court's authority
to employ Doris Barroso Vicens, CPA, from the firm of RSM ROC &
Company as its accountant. Ms. Vicens will:
(a) prepare or review required monthly operating reports and
reports pursuant to Rule 2015-3 of the Federal Rule of
Bankruptcy Procedure;
(b) reconcile proofs of claim;
(c) prepare or review the Debtor's projections;
(d) analyze profitability of the Debtor's operations;
(e) assist in the development or review of a plan of
reorganization or disclosure statements;
(f) consult on strategic alternatives and develop business
plan; and
(g) perform any other consulting or expert witness services.
The Debtor intends to pay RSM ROC based on the firm's hourly
rates:
Partner $200 to $300
Managers $100 to $150
Seniors $75 to $90
Staff $60 to $70
Ms. Vicens' current hourly rate is $235. The Debtors will also
reimburse the accountant for costs and expenses. The Debtor paid
the accountant $5,000 as retainer.
RSM ROC & Company has acted as consultants/accountants for the
following creditors listed by the Debtors in matters unrelated to
this case:
* Departamento de Hacienda, PRASA and PREPA
* Linde Gas Puerto Rico, Inc.
To the best of the Debtor's knowledge, neither Ms. Vicens nor any
of her employees, represent or hold any interest adverse to the
Debtor in the matters upon which she is to be engaged.
About American Agencies
American Agencies Co., Inc. and New Steel, Inc., manufacturers of
steel structures, filed Chapter 11 bankruptcy petitions (Bankr. D.
P.R. Case Nos. 15-07088 and 15-07090, respectively) on Sept. 15,
2015. The petition was signed by Omir Mendez as president.
C. Conde & Associates represents the Debtors as counsel. Doris
Barroso Vicens, CPA, at RSM ROC & Company, serves as the Debtors'
accountant.
AMERICAN AGENCIES: Wants to Hire C. Conde & Associates as Counsel
-----------------------------------------------------------------
American Agencies Co., Inc., seeks permission from the Bankruptcy
Court to employ Carmen D. Conde Torres, Esq., of C. Conde &
Associates as its legal counsel. Ms. Torres will:
(a) advise the Debtor with respect to its duties, powers and
responsibilities in this case under the laws of the United
States and Puerto Rico in which the Debtor conducts
operations, does business, or is involved in litigation;
(b) advise the Debtor in connection with a determination
whether a reorganization is feasible and, if not, help the
Debtor in the orderly liquidation of its assets;
(c) assist the Debtor with respect to negotiations with
creditors for the purpose of arranging the orderly
liquidation of assets and proposing a viable plan of
reorganization;
(d) prepare on behalf of the Debtor the necessary complaints,
answers, orders, reports, memoranda of law and any legal
papers or documents;
(e) appear before the Bankruptcy Court, or any court in which
the Debtor asserts a claim interest or defense directly or
indirectly related to this bankruptcy case;
(f) perform other services as may be required; and
(g) employ other professional services, if necessary.
The Debtor proposes to pay C. Conde & Associates based on these
hourly rates:
Carmen D. Conde Torres (Senior Attorney) $300
Associates $275
Junior Attorney $250
Paralegal/In house Special Clerk/ $150
Accounting Analyst
The Debtor also proposes to reimburse the firm for its costs and
expenses.
The Debtor paid C. Conde & Associates a retainer of $30,000.
C. Conde & Assoc., represented a creditor of the Debtor, FRAMA
Construction Co., Inc. in its bankruptcy case proceedings, Case
No. 10-10056 (ESL). This case was completed, confirmed and closed.
To the best of the Debtor's knowledge, C. Conde & Associates is a
"disinterested person" within the meaning of Section 101 (14) of
the Bankruptcy Code.
About American Agencies
American Agencies Co., Inc. and New Steel, Inc., manufacturers of
steel structures, filed Chapter 11 bankruptcy petitions (Bankr. D.
P.R. Case Nos. 15-07088 and 15-07090, respectively) on Sept. 15,
2015. The petition was signed by Omir Mendez as president.
C. Conde & Associates represents the Debtors as counsel. Doris
Barroso Vicens, CPA, at RSM ROC & Company, serves as the Debtors'
accountant.
AMERICAN AGENCIES: Seeks Substantive Consolidation of Cases
-----------------------------------------------------------
American Agencies Co., Inc., and New Steel, Inc., ask the
Bankruptcy Court to order a substantive consolidation of their
bankruptcy cases on an expedited basis.
New Steel fabricates steel structures upon demand of American
Agencies. American Agencies is the sole client of New Steel. Both
Debtors share common stockholders and management and are both
liable to main secured creditor Banco Popular Puerto Rico.
Should the Debtors be forced to reorganize seperately, the
administrative costs and the costs associated with separate
litigation of common liabilities will be detrimental to the estate
and all of the creditors, says Carmen D. Conde Torres, Esq., at C.
Conde & Assoc.
The Debtors contend that creditors will benefit from substantive
consolidation because it will allow for a more expeditious
adjudication of disputes, a clearer statement of obligations and
available assets, and facilitate the implementation of a plan.
About American Agencies
American Agencies Co., Inc. and New Steel, Inc., manufacturers of
steel structures, filed Chapter 11 bankruptcy petitions (Bankr.
D.P.R. Case Nos. 15-07088 and 15-07090, respectively) on Sept. 15,
2015. The petition was signed by Omir Mendez as president.
C. Conde & Associates represents the Debtors as counsel. Doris
Barroso Vicens, CPA, at RSM ROC & Company, serves as the Debtors'
accountant.
ANNA'S LINENS: Court Okays Hiring of RCS as Real Estate Consultant
------------------------------------------------------------------
Anna's Linens, Inc. sought and obtained permission from the Hon.
Theodor C. Albert of the U.S. Bankruptcy Court for the Central
District of California to employ Retail Consulting Services, Inc.
dba RCS Real Estate Advisors as exclusive real estate consultant,
effective Sep. 1, 2015.
The Debtor requires RCS to:
(a) prepare a Lease Portfolio Book organized by store showing
(i) current lease terms, (ii) sales, (iii) profits, and
(iv) occupancy cost and store contribution percentages
relative to sales;
(b) undertake an in-depth analysis of all lease real estate
assets;
(c) attend and participate in all Court hearings, Creditors'
Committee meetings, and meetings with Debtor and Debtor's
Counsel when requested to do so by the Debtor;
(d) coordinate all real estate matters with Debtor, Debtor's
Counsel and all other interested parties with respect to
the Real Estate Action Plan, progress and ongoing
modifications to said plan; and
(e) offer properties for disposition on terms and conditions
established by the Debtor, with the Debtor retaining the
complete discretion and authority to accept or reject any
offer.
RCS will be paid the following Fee Structure:
-- Engagement Fee in the amount of $30,000 shall be paid (i)
50% upon entry of the Bankruptcy Court order approving the
Debtor's retention of RCS, and (ii) 50% on the earlier of
the closing of a transaction that results in the
disposition of all of the Disposition Properties or
September 15, 2015.
-- Transaction Fee shall be paid as a commission upon closing
of a transaction that disposes of any or all of the
Disposition Properties, whether by assignment to a third
party or surrender to the respective landlords on terms and
conditions satisfactory to the Debtor.
RCS will be paid at these hourly rates for additional services
that are beyond the scope of the letter agreement:
President $750
Senior Vice President $650
Vice President $550
Paralegal $375
Administrators $250
RCS will also be reimbursed for reasonable out-of-pocket expenses
incurred.
Ivan L. Friedman, president of RCS, assured the Court that the
firm is a "disinterested person" as the term is defined in Section
101(14) of the Bankruptcy Code and does not represent any interest
adverse to the Debtors and their estates.
RCS can be reached at:
Ivan L. Friedman
RCS REAL ESTATE ADVISORS
450 West 34th Street
New York, NY 10001
Tel: (212) 239-1100
Fax: (212) 268-5484
About Anna's Linens
Anna's Linens is a specialty retailer offering home textiles,
furnishings and decor at attractive prices. Headquartered in
Costa Mesa, California, operates a chain of 268 company owned
retail stores throughout 19 states in the United States (including
Puerto Rico and Washington, D.C.) generates over $300 million in
annual revenue and employs a workforce of over 2,500 associates.
Anna's Linens sought Chapter 11 bankruptcy protection (Bankr. C.D.
Cal. Case No. 15-13008) in Santa Ana, California, on June 14,
2015.
The case is assigned to Judge Theodor Albert. The Debtor tapped
Levene, Neale, Bender, Yoo & Brill LLP as counsel. The Debtor
estimated assets of $50 million to $100 million and debt of $100
million to $500 million.
The U.S. trustee overseeing the Chapter 11 case of Anna's Linens
Inc. appointed seven creditors to serve on the official committee
of unsecured creditors.
ANNA'S LINENS: Court Approves Hiring of BDO as Accountant
---------------------------------------------------------
Anna's Linens, Inc. sought and obtained permission from the Hon.
Theodor C. Albert of the U.S. Bankruptcy Court for the Central
District of California to employ BDO USA, LLP as accountant and
tax consultant, effective July 14, 2015.
The Debtor requires BDO to:
(a) prepare the Debtor's federal, state and local income tax
returns with supporting schedules for 2014 and 2015
(the "Tax Returns");
(b) assist the Debtor in responding to tax notices as received,
if any, from various state and local tax authorities
regarding income tax, sales tax, employment tax, or other
tax matters (the "State Notices").
With respect to preparation of the 2014 and 2015 Income Tax
Returns, BDO seeks to be compensated a flat fee of $35,000.
For work performed in assisting the Debtor in connection with the
State Notices, BDO will be paid at these hourly rates:
Staff $175
Senior Associate $250
Manager $350
Senior Manager $425
Partner $600
BDO will also be reimbursed for reasonable out-of-pocket expenses
incurred.
On the Petition Date, BDO had a claim against the Debtor's estate
in the amount of $143,300 for fees incurred prior to the Petition
Date related to the performance of assurance services to audit the
Debtor's 2014 financial statements and preliminary tax services
provided to start preparation of the Debtor's 2014 income tax
returns. However, BDO has agreed to waive its pre-petition claim
in the amount of $143,300.
David Des Roches, partner of BDO, assured the Court that the firm
is a "disinterested person" as the term is defined in Section
101(14) of the Bankruptcy Code and does not represent any interest
adverse to the Debtors and their estates.
BDO can be reached at:
David Des Roches
BDO USA, LLP
3200 Bristol St., 4th Flr.
Costa Mesa, CA 92626
Tel: (714) 668-7372
E-mail: ddesroches@bdo.com
About Anna's Linens
Anna's Linens is a specialty retailer offering home textiles,
furnishings and decor at attractive prices. Headquartered in
Costa Mesa, California, operates a chain of 268 company owned
retail stores throughout 19 states in the United States (including
Puerto Rico and Washington, D.C.) generates over $300 million in
annual revenue and employs a workforce of over 2,500 associates.
Anna's Linens sought Chapter 11 bankruptcy protection (Bankr. C.D.
Cal. Case No. 15-13008) in Santa Ana, California, on June 14,
2015.
The case is assigned to Judge Theodor Albert. The Debtor tapped
Levene, Neale, Bender, Yoo & Brill LLP as counsel. The Debtor
estimated assets of $50 million to $100 million and debt of $100
million to $500 million.
The U.S. trustee overseeing the Chapter 11 case of Anna's Linens
Inc. appointed seven creditors to serve on the official committee
of unsecured creditors.
PUERTO RICO: Treasury Urges Congress to Act on Restructuring
------------------------------------------------------------
Carmen Germaine at Law360.com reports that the U.S. Department of
the Treasury urged U.S. lawmakers to take action to open
bankruptcy protections to Puerto Rico, saying action is imperative
as the territory faces $73 billion in debt.
Treasury called for action after Secretary Jacob Lew met with
Puerto Rico Gov. Alejandro Garcia Padilla, saying addressing the
territory's financial difficulties will be difficult without
federal legislation and praising an economic growth plan proposed
by Padilla earlier this month, according to Law360.com.
* * *
As reported in the Troubled Company Reporter-Latin America on
Sept. 14, 2015, Standard & Poor's Ratings Services lowered its
ratings on the Commonwealth of Puerto Rico's tax-backed debt to
'CC' from 'CCC-' and removed the ratings from CreditWatch, where
they had been placed with negative implications July 20. The
outlook is negative.
===============
S T. L U C I A
===============
ST. LUCIA: Economy on the Rebound but Risks Remain, PM Says
-----------------------------------------------------------
The Daily Observer reports that St. Lucia Prime Dr. Minister Kenny
Anthony said while the national economy is on the road to recovery
after three years of contraction, significant risk remains as
evidenced by the country's high public debt stock.
"The stock of public debt as at June 2015 stood at EC$2,791.16
million representing an increase of 0.1 percent relative to
December 2014. The low rate of increase was influenced by a
EC$63.5 million loan which was paid off during the period under
review," he told a news conference, according to The Daily
Observer.
The report notes that Mr. Anthony said interest payment on the
debt is expected to be the largest contributor to growth in
current expenditure in 2015/16, reflecting past debt accumulation
and the maturity profile of the debt stock. "This trend of rising
debt service cost is expected to continue as an increasingly
larger amount of the debt comes to maturity," Mr. Anthony added.
The report relates that Mr. Anthony, who is also Finance Minister,
said despite the first quarter improvements in fiscal performance,
he expects that there will be, a widening of fiscal deficit in the
current as expenditure pressures accelerates.
"You will recall that I had indicated that this would happen in
the 2015/16 Budget Statement. It is therefore important that
measures to contain expenditure remain firmly in place," Mr.
Anthony stressed, the report relays.
Mr. Anthony told the media that preliminary data for the period
January to June 2015 suggests increases in output for most
economic sectors, led by tourism, the report relays.
Mr. Anthony said that during the first half of 2015 total stay
over arrivals increased by 5.3 percent to 185, 424 representing a
record level of arrivals over the last five years for the first
six months of the year, the report notes.
Mr. Anthony disclosed that the performance was mainly attributed
to a 12.3 percent growth in arrivals from the United States, Saint
Lucia's largest market, the report relays.
According to the Prime Minister, cruise ship passenger arrivals
grew by point eight percent to 399,746 persons who visited during
the first half of 2015, the report says.
"Economic performance in 2015 is likely to be strengthened by the
turnaround that is being witnessed in the construction industry,"
Mr. Anthony asserted, the report notes.
Mr. Anthony revealed that based on preliminary data, for the first
six months of 2015 the value of imported construction materials
increased by 4.8 percent compared with the corresponding period
for 2014, the report discloses.
Mr. Anthony noted that public sector expenditure in construction
projects is expected to increase with several new projects,
including the Soufriere Square, the Aquatic Centre and the
expansion of the Choc Gros Islet highway, the report notes.
In the private sector, Mr. Anthony cited several developments such
as Sugar Beach in Soufriere and the EC$100 million Smugglers Hotel
project that would have a major impact on the revival of the
construction sector, the report relays.
Mr. Anthony told the media briefing that there were mixed fortunes
in the Agriculture industry, with a fall in banana exports to the
United Kingdom, but a six percent increase in purchases of produce
by supermarkets and hotels, the report notes.
Mr. Anthony also disclosed that notwithstanding the challenges in
the manufacturing sector, indications are that production
increased between January to June this year by 1.8 percent while
food and food products registered a decline, the report relays.
Mr. Anthony revealed that the performance of the government also
improved, with an increase in revenue and grants and an increase
in the current account, the report adds.
=================
X X X X X X X X X
=================
* Large Companies With Insolvent Balance Sheets
-----------------------------------------------
Total
Total Shareholders
Assets Equity
Company Ticker (US$MM) (US$MM)
------- ------ --------- ------------
CONSTRUCCIONES CONCIV CB 50839466.4 -25554988.4
DOC IMBITUBA-RTC 8174503Q BZ 103926124 -44366334.9
DOC IMBITUBA-RTP 8174507Q BZ 103926124 -44366334.9
TELECOMUNICA-ADR 81370Z BZ 628229764 -46558625.3
FABRICA TECID-RT FTRX1 BZ 66603695.4 -76419246.3
METROGAS SA-A 153255Z AR 395437653 -33187926.6
METROGAS SA-C 153263Z AR 395437653 -33187926.6
TECTOY-PF-RTS5/6 TOYB11 BZ 12406257.1 -2797000.25
TEKA-ADR TEKAY US 271521130 -360176693
GOL-PREF GOLL4 BZ 3173611977 -465114406
GOL-ADR GOL US 3173611977 -465114406
GOL GOLL3 BZ 3173611977 -465114406
METROGAS-B MGSBF US 395437653 -33187926.6
BOMBRIL BMBBF US 256955171 -24963790.5
KARSTEN CTKCF US 91824643.9 -28389069.7
KARSTEN-PREF CTKPF US 91824643.9 -28389069.7
MANGELS INDL-PRF MGIRF US 134962177 -67749528.3
TELEBRAS-PF RCPT CBRZF US 628229764 -46558625.3
TEKA TKTQF US 271521130 -360176693
TEKA-PREF TKTPF US 271521130 -360176693
SNIAFA SA-B SDAGF US 11229696.2 -2670544.86
TEC TOY SA-PREF TOYDF US 12406257.1 -2797000.25
PUYEHUE RIGHT PUYEHUOS CI 16578544 -7533710.62
BATTISTELLA-RIGH BTTL1 BZ 59711285.7 -33374424.9
BATTISTELLA-RI P BTTL2 BZ 59711285.7 -33374424.9
BATTISTELLA-RECE BTTL9 BZ 59711285.7 -33374424.9
BATTISTELLA-RECP BTTL10 BZ 59711285.7 -33374424.9
AGRENCO LTD-BDR AGEN33 BZ 285996574 -543142756
GOL-ADR GOQ GR 3173611977 -465114406
PET MANG-RIGHTS 3678565Q BZ 146857128 -409610413
PET MANG-RIGHTS 3678569Q BZ 146857128 -409610413
PET MANG-RECEIPT 0229292Q BZ 146857128 -409610413
PET MANG-RECEIPT 0229296Q BZ 146857128 -409610413
MMX MINERACAO TRES3 BZ 135425661 -367990918
LUPATECH SA LUPA3 BZ 301912839 -18027616.1
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SANESALTO SNST3 BZ 16282468.2 -4707586.38
VIVER INCORPORAD VIVR3 BZ 472874908 -9626315.69
CEEE-D CEED3 BZ 1060724542 -3299108.46
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VIVER-S GDR 144A INAAL US 472874908 -9626315.69
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BOMBRIL-RGTS PRE BOBR2 BZ 256955171 -24963790.5
BOMBRIL-RIGHTS BOBR1 BZ 256955171 -24963790.5
MMX MINERACA-GDR 0567931D CN 135425661 -367990918
TELEBRAS/W-I-ADR TBH-W US 628229764 -46558625.3
MMX MINERACA-GDR 3M11 GR 135425661 -367990918
LAEP-BDR MILK33 BZ 222902269 -255311026
AGRENCO LTD AGRE LX 285996574 -543142756
LAEP INVESTMENTS LEAP LX 222902269 -255311026
INVERS ELEC BUEN IEBAA AR 213542509 -68439920.3
INVERS ELEC BUEN IEBAB AR 213542509 -68439920.3
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MMX MINERACAO MMXCF US 135425661 -367990918
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RECRUSUL - RCT 4529793Q BZ 14029393.8 -32749735
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FORJA TAURUS FJTA11 BZ 315868563 -18371045.2
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INPAR SA 0614470D BZ 472874908 -9626315.69
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TEXTEIS RENAU-RT TXRX2 BZ 35618784.3 -79358527.7
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TELEBRAS SA-RT 0250949D BZ 628229764 -46558625.3
CIA PETROLIF-PRF MRLM4 BZ 377592596 -3014215.1
CIA PETROLIFERA MRLM3 BZ 377592596 -3014215.1
NOVA AMERICA SA NOVA3 BZ 21287488.9 -183535526
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GOL-ADR GOLN MM 3173611977 -465114406
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LUPATECH SA-ADR LUPAY US 301912839 -18027616.1
ELECTRICIDAD ARG 3447811Z AR 1019816241 -75790649.4
TEC TOY-RT 7335610Q BZ 12406257.1 -2797000.25
TEC TOY-RT 7335614Q BZ 12406257.1 -2797000.25
TEC TOY-RCT 7335626Q BZ 12406257.1 -2797000.25
TEC TOY-RCT 7335630Q BZ 12406257.1 -2797000.25
MMX MINERACAO-RT 4111484Q BZ 135425661 -367990918
MMX MINERACA-RCT 4111488Q BZ 135425661 -367990918
GOL-RT 0113333D BZ 3173611977 -465114406
GOL-RT 0113334D BZ 3173611977 -465114406
GOL-RCT 0113335D BZ 3173611977 -465114406
GOL-RCT 0113338D BZ 3173611977 -465114406
PET MANG-RT 4115360Q BZ 146857128 -409610413
PET MANG-RT 4115364Q BZ 146857128 -409610413
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INEPAR-RT PREF INEP2 BZ 874770027 -338632409
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INEPAR-RCT PREF INEP10 BZ 874770027 -338632409
BI CIA SECURITIZ BICS BZ 38231826.5 -584101.548
MINUPAR-RT 9314542Q BZ 70200521.9 -79362709.4
MINUPAR-RCT 9314634Q BZ 70200521.9 -79362709.4
CEEE-D CEED3B BZ 1060724542 -3299108.46
MMX MINERACAO-RT 0626050D BZ 135425661 -367990918
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CEEE-D-PREF CEED4B BZ 1060724542 -3299108.46
PET MANG-RT 0229249Q BZ 146857128 -409610413
PET MANG-RT 0229268Q BZ 146857128 -409610413
RECRUSUL - RT 0163579D BZ 14029393.8 -32749735
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PORTX OPERA-GDR PXTPY US 976769385 -9407990.18
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OSX BRASIL S-GDR OSXRY US 2341831724 -578077527
TEC TOY-RT 1254570D BZ 12406257.1 -2797000.25
TEC TOY-RT 1254571D BZ 12406257.1 -2797000.25
TEC TOY-RCT 1254572D BZ 12406257.1 -2797000.25
TEC TOY-RCT 1254573D BZ 12406257.1 -2797000.25
DOC IMBITUBA-RT 8218594Q BZ 103926124 -44366334.9
DOC IMBITUBA-RT 9866923Q BZ 103926124 -44366334.9
INPAR SA INPR3 BZ 472874908 -9626315.69
MMX MINERACAO MMXM11 BZ 135425661 -367990918
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DOC IMBITUBA-RT IMBI1 BZ 103926124 -44366334.9
PET MANG-RT RPMG2 BZ 146857128 -409610413
PET MANG-RT 0848424D BZ 146857128 -409610413
PET MANG-RECEIPT RPMG9 BZ 146857128 -409610413
PET MANG-RECEIPT RPMG10 BZ 146857128 -409610413
GOL-RT GOLL1 BZ 3173611977 -465114406
GOL-RT 1003237D BZ 3173611977 -465114406
GOL-RCT GOLL9 BZ 3173611977 -465114406
GOL-RCT 1003238D BZ 3173611977 -465114406
EMPRESA DISTRI-A 0122195D AR 228302327 -21022097
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RECRUSUL - RT 0614673D BZ 14029393.8 -32749735
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TEKA-RCT TEKA9 BZ 271521130 -360176693
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TELEBRAS SA-RCT TELB9 BZ 628229764 -46558625.3
LUPATECH SA-RTS 1041054D BZ 301912839 -18027616.1
LUPATECH SA -RCT LUPA9 BZ 301912839 -18027616.1
MINUPAR-RTS MNPR1 BZ 70200521.9 -79362709.4
MINUPAR-RCT MNPR9 BZ 70200521.9 -79362709.4
INPAR SA INPR1 BZ 472874908 -9626315.69
INPAR SA INPR9 BZ 472874908 -9626315.69
VIVER INCORP-RTS VIVR1 BZ 472874908 -9626315.69
VIVER INCORP-RCT VIVR9 BZ 472874908 -9626315.69
RECRUSUL SA-RTS RCSL1 BZ 14029393.8 -32749735
RECRUSUL SA-RTS RCSL2 BZ 14029393.8 -32749735
RECRUSUL SA-RCT RCSL9 BZ 14029393.8 -32749735
RECRUSUL - RCT RCSL10 BZ 14029393.8 -32749735
OSX BRASIL - RTS 0701756D BZ 2341831724 -578077527
OSX BRASIL - RTS 0701757D BZ 2341831724 -578077527
MMX MINERACA-RTS MMXM1 BZ 135425661 -367990918
MMX MINERACA-RCT MMXM9 BZ 135425661 -367990918
OSX BRASIL - RTS 0812903D BZ 2341831724 -578077527
OSX BRASIL - RTS 0812904D BZ 2341831724 -578077527
FORJA TAURUS FORJF US 315868563 -18371045.2
OSX BRASIL SA OSXRF US 2341831724 -578077527
OSX BRASIL - RTS OSXB1 BZ 2341831724 -578077527
OSX BRASIL - RTS OSXB9 BZ 2341831724 -578077527
PET MANG-RTS 1227980D BZ 146857128 -409610413
VIVER INCORP-RTS VIVR11 BZ 472874908 -9626315.69
AGRENCO LTD-BDR AGEN11 BZ 285996574 -543142756
LAEP-BDR MILK11 BZ 222902269 -255311026
FORJA TAURUS-PRF FORZF US 315868563 -18371045.2
MMX MINERACA-GDR MMXMD US 135425661 -367990918
MMX MINERACAO MMXXF US 135425661 -367990918
FORJA TAURUS-RTS 1272180D BZ 315868563 -18371045.2
FORJA TAURUS-RTS 1272181D BZ 315868563 -18371045.2
FORJA TAURUS-RCT 1272182D BZ 315868563 -18371045.2
FORJA TAURUS-RCT 1272184D BZ 315868563 -18371045.2
GOL PREF - RTS 1303121D BZ 3173611977 -465114406
GOL PREF - RCT 1303123D BZ 3173611977 -465114406
LUPATECH SA-ADR LUPAQ US 301912839 -18027616.1
LUPATECH SA LUPAF US 301912839 -18027616.1
LUPATECH SA LUPTQ US 301912839 -18027616.1
BOMBRIL - RTS BOBR11 BZ 256955171 -24963790.5
LUPATECH SA-RTS LUPA1 BZ 301912839 -18027616.1
KARSTEN SA - RTS CTKA1 BZ 91824643.9 -28389069.7
KARSTEN SA - RTS CTKA2 BZ 91824643.9 -28389069.7
KARSTEN SA - RCT CTKA9 BZ 91824643.9 -28389069.7
KARSTEN SA - RCT CTKA10 BZ 91824643.9 -28389069.7
CELGPAR-RTS GPAR11 BZ 206352324 -953477771
PET MANGUINH-RTS RPMG1 BZ 146857128 -409610413
TECTOY - RTS TOYB1 BZ 12406257.1 -2797000.25
TECTOY - RCT TOYB9 BZ 12406257.1 -2797000.25
TECTOY - RTS TOYB2 BZ 12406257.1 -2797000.25
FORJA TAURUS-RTS 1304881D BZ 315868563 -18371045.2
FORJA TAURUS-RTS 1304791D BZ 315868563 -18371045.2
FORJA TAURUS-RCT 1304888D BZ 315868563 -18371045.2
FORJA TAURUS-RCT 1304790D BZ 315868563 -18371045.2
LUPATECH SA-ADR LUPAD US 301912839 -18027616.1
GOL PREF - RTS GOLL2 BZ 3173611977 -465114406
OL PREF - RCT GOLL10 BZ 3173611977 -465114406
FORJA TAURUS-RTS FJTA2 BZ 315868563 -18371045.2
FORJA TAURUS-RTS FJTA1 BZ 315868563 -18371045.2
FORJA TAURUS-RTS FJTA10 BZ 315868563 -18371045.2
TELEBRAS SA TELB3 BZ 628229764 -46558625.3
TELEBRAS SA TLBRON BZ 628229764 -46558625.3
TELEBRAS SA TBASF US 628229764 -46558625.3
TELEBRAS SA-PREF TELB4 BZ 628229764 -46558625.3
TELEBRAS SA-PREF TLBRPN BZ 628229764 -46558625.3
TELEBRAS-ADR TBAPY US 628229764 -46558625.3
TELEBRAS-ADR TBRAY GR 628229764 -46558625.3
TELEBRAS-CEDE PF RCTB4 AR 628229764 -46558625.3
TELEBRAS-CEDE PF RCT4C AR 628229764 -46558625.3
TELEBRAS-CEDE PF RCT4D AR 628229764 -46558625.3
TELEBRAS-CEDE BL RCT4B AR 628229764 -46558625.3
TELEBRAS-ADR TBH US 628229764 -46558625.3
TELEBRAS-ADR TBX GR 628229764 -46558625.3
TELEBRAS-ADR RTB US 628229764 -46558625.3
TELEBRAS-ADR TBASY US 628229764 -46558625.3
TELEBRAS-RCT PRF TELB10 BZ 628229764 -46558625.3
TELEBRAS-RTS CMN RCTB1 BZ 628229764 -46558625.3
TELEBRAS-RTS PRF RCTB2 BZ 628229764 -46558625.3
TELEBRAS-RTS CMN TCLP1 BZ 628229764 -46558625.3
TELEBRAS-RTS PRF TLCP2 BZ 628229764 -46558625.3
TELEBRAS-COM RT 0250948D BZ 628229764 -46558625.3
TELEBRAS-CM RCPT RCTB31 BZ 628229764 -46558625.3
TELEBRAS-CM RCPT TELE31 BZ 628229764 -46558625.3
TELEBRAS-RCT RCTB33 BZ 628229764 -46558625.3
TELEBRAS-CM RCPT TBRTF US 628229764 -46558625.3
TELEBRAS-CM RCPT RCTB32 BZ 628229764 -46558625.3
TELEBRAS-PF RCPT RCTB41 BZ 628229764 -46558625.3
TELEBRAS-PF RCPT TELE41 BZ 628229764 -46558625.3
TELEBRAS-PF RCPT RCTB42 BZ 628229764 -46558625.3
TELEBRAS-CEDE PF TELB4 AR 628229764 -46558625.3
TELEBRAS-CED C/E TEL4C AR 628229764 -46558625.3
TELEBRAS-CM RCPT RCTB30 BZ 628229764 -46558625.3
TELEBRAS-PF RCPT RCTB40 BZ 628229764 -46558625.3
TELEBRAS-PF RCPT TBAPF US 628229764 -46558625.3
TELEBRAS-RECEIPT TLBRUO BZ 628229764 -46558625.3
TELEBRAS-PF RCPT TLBRUP BZ 628229764 -46558625.3
TELEBRAS-BLOCK TELB30 BZ 628229764 -46558625.3
TELEBRAS-PF BLCK TELB40 BZ 628229764 -46558625.3
TELEBRAS-CEDEA $ TEL4D AR 628229764 -46558625.3
METROGAS-B METR AR 395437653 -33187926.6
METROGAS-B BLOCK METRB AR 395437653 -33187926.6
METROGAS-B METRC AR 395437653 -33187926.6
METROGAS-B METRD AR 395437653 -33187926.6
METROGAS SA MGAI US 395437653 -33187926.6
METROGAS-B MGSB GR 395437653 -33187926.6
METROGAS-ADR MGS US 395437653 -33187926.6
METROGAS-ADR MGSA GR 395437653 -33187926.6
ARTHUR LANGE ARLA3 BZ 11642254.9 -17154460.3
ARTHUR LANGE SA ALICON BZ 11642254.9 -17154460.3
ARTHUR LANGE-PRF ARLA4 BZ 11642254.9 -17154460.3
ARTHUR LANGE-PRF ALICPN BZ 11642254.9 -17154460.3
ARTHUR LANG-RT C ARLA1 BZ 11642254.9 -17154460.3
ARTHUR LANG-RT P ARLA2 BZ 11642254.9 -17154460.3
ARTHUR LANG-RC C ARLA9 BZ 11642254.9 -17154460.3
ARTHUR LANG-RC P ARLA10 BZ 11642254.9 -17154460.3
ARTHUR LAN-DVD C ARLA11 BZ 11642254.9 -17154460.3
ARTHUR LAN-DVD P ARLA12 BZ 11642254.9 -17154460.3
BOMBRIL BOBR3 BZ 256955171 -24963790.5
BOMBRIL CIRIO SA BOBRON BZ 256955171 -24963790.5
BOMBRIL-PREF BOBR4 BZ 256955171 -24963790.5
BOMBRIL CIRIO-PF BOBRPN BZ 256955171 -24963790.5
BOMBRIL SA-ADR BMBPY US 256955171 -24963790.5
BOMBRIL SA-ADR BMBBY US 256955171 -24963790.5
BUETTNER BUET3 BZ 82872146.2 -36299304.3
BUETTNER SA BUETON BZ 82872146.2 -36299304.3
BUETTNER-PREF BUET4 BZ 82872146.2 -36299304.3
BUETTNER SA-PRF BUETPN BZ 82872146.2 -36299304.3
BUETTNER SA-RTS BUET1 BZ 82872146.2 -36299304.3
BUETTNER SA-RT P BUET2 BZ 82872146.2 -36299304.3
CAF BRASILIA CAFE3 BZ 160933830 -149277092
CAFE BRASILIA SA CSBRON BZ 160933830 -149277092
CAF BRASILIA-PRF CAFE4 BZ 160933830 -149277092
CAFE BRASILIA-PR CSBRPN BZ 160933830 -149277092
DOC IMBITUBA IMBI3 BZ 103926124 -44366334.9
DOCAS IMBITUBA IMBION BZ 103926124 -44366334.9
DOC IMBITUB-PREF IMBI4 BZ 103926124 -44366334.9
DOCAS IMBITUB-PR IMBIPN BZ 103926124 -44366334.9
IGUACU CAFE IGUA3 BZ 190073766 -74308212
IGUACU CAFE IGCSON BZ 190073766 -74308212
IGUACU CAFE IGUCF US 190073766 -74308212
IGUACU CAFE-PR A IGUA5 BZ 190073766 -74308212
IGUACU CAFE-PR A IGCSAN BZ 190073766 -74308212
IGUACU CAFE-PR A IGUAF US 190073766 -74308212
IGUACU CAFE-PR B IGUA6 BZ 190073766 -74308212
IGUACU CAFE-PR B IGCSBN BZ 190073766 -74308212
SCHLOSSER SCLO3 BZ 35479691.9 -46000437.6
SCHLOSSER SA SCHON BZ 35479691.9 -46000437.6
SCHLOSSER-PREF SCLO4 BZ 35479691.9 -46000437.6
SCHLOSSER SA-PRF SCHPN BZ 35479691.9 -46000437.6
KARSTEN SA CTKA3 BZ 91824643.9 -28389069.7
KARSTEN CTKON BZ 91824643.9 -28389069.7
KARSTEN-PREF CTKA4 BZ 91824643.9 -28389069.7
KARSTEN-PREF CTKPN BZ 91824643.9 -28389069.7
COBRASMA CBMA3 BZ 52538543.6 -1986594292
COBRASMA SA COBRON BZ 52538543.6 -1986594292
COBRASMA-PREF CBMA4 BZ 52538543.6 -1986594292
COBRASMA SA-PREF COBRPN BZ 52538543.6 -1986594292
D H B DHBI3 BZ 94806424.1 -188014922
DHB IND E COM DHBON BZ 94806424.1 -188014922
D H B-PREF DHBI4 BZ 94806424.1 -188014922
DHB IND E COM-PR DHBPN BZ 94806424.1 -188014922
DOCA INVESTIMENT DOCA3 BZ 187044412 -204249587
DOCAS SA DOCAON BZ 187044412 -204249587
DOCA INVEST-PREF DOCA4 BZ 187044412 -204249587
DOCAS SA-PREF DOCAPN BZ 187044412 -204249587
DOCAS SA-RTS PRF DOCA2 BZ 187044412 -204249587
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
HAGA HAGA3 BZ 15936121.7 -26674218.2
FERRAGENS HAGA HAGAON BZ 15936121.7 -26674218.2
FER HAGA-PREF HAGA4 BZ 15936121.7 -26674218.2
FERRAGENS HAGA-P HAGAPN BZ 15936121.7 -26674218.2
FORJA TAURUS FJTA3 BZ 315868563 -18371045.2
FORJAS TAURUS SA TAUSON BZ 315868563 -18371045.2
FORJA TAURUS-PRF FJTA4 BZ 315868563 -18371045.2
FORJAS TAURUS-PR TAUSPN BZ 315868563 -18371045.2
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
IGB ELETRONICA IGBR3 BZ 183430930 -135324913
GRADIENTE ELETR IGBON BZ 183430930 -135324913
GRADIENTE-PREF A IGBR5 BZ 183430930 -135324913
GRADIENTE EL-PRA IGBAN BZ 183430930 -135324913
GRADIENTE-PREF B IGBR6 BZ 183430930 -135324913
GRADIENTE EL-PRB IGBBN BZ 183430930 -135324913
GRADIENTE-PREF C IGBR7 BZ 183430930 -135324913
GRADIENTE EL-PRC IGBCN BZ 183430930 -135324913
HOTEIS OTHON SA HOOT3 BZ 179057269 -20332807.8
HOTEIS OTHON SA HOTHON BZ 179057269 -20332807.8
HOTEIS OTHON-PRF HOOT4 BZ 179057269 -20332807.8
HOTEIS OTHON-PRF HOTHPN BZ 179057269 -20332807.8
RENAUXVIEW SA TXRX3 BZ 35618784.3 -79358527.7
TEXTEIS RENAUX RENXON BZ 35618784.3 -79358527.7
RENAUXVIEW SA-PF TXRX4 BZ 35618784.3 -79358527.7
TEXTEIS RENAUX RENXPN BZ 35618784.3 -79358527.7
INEPAR INEP3 BZ 874770027 -338632409
INEPAR SA INPRON BZ 874770027 -338632409
INEPAR-PREF INEP4 BZ 874770027 -338632409
INEPAR SA-PREF INPRPN BZ 874770027 -338632409
INEPAR-COM DVD INEP11 BZ 874770027 -338632409
INEPAR BONUS B INEP12 BZ 874770027 -338632409
INEPAR-PRF DVD INEP13 BZ 874770027 -338632409
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
MANGELS INDL MGEL3 BZ 134962177 -67749528.3
MANGELS INDL SA MISAON BZ 134962177 -67749528.3
MANGELS INDL-PRF MGEL4 BZ 134962177 -67749528.3
MANGELS INDL-PRF MISAPN BZ 134962177 -67749528.3
ESTRELA SA ESTR3 BZ 63482896 -99406807.5
ESTRELA SA ESTRON BZ 63482896 -99406807.5
ESTRELA SA-PREF ESTR4 BZ 63482896 -99406807.5
ESTRELA SA-PREF ESTRPN BZ 63482896 -99406807.5
MET DUQUE DUQE3 BZ 75039127.4 -2847420.37
MET DUQUE MDUON BZ 75039127.4 -2847420.37
MET DUQUE-PREF DUQE4 BZ 75039127.4 -2847420.37
MET DUQUE-PREF MDUPN BZ 75039127.4 -2847420.37
WETZEL SA MWET3 BZ 71188964.5 -21819176.8
WETZEL SA MWELON BZ 71188964.5 -21819176.8
WETZEL SA-PREF MWET4 BZ 71188964.5 -21819176.8
WETZEL SA-PREF MWELPN BZ 71188964.5 -21819176.8
MINUPAR MNPR3 BZ 70200521.9 -79362709.4
MINUPAR SA MNPRON BZ 70200521.9 -79362709.4
MINUPAR-PREF MNPR4 BZ 70200521.9 -79362709.4
MINUPAR SA-PREF MNPRPN BZ 70200521.9 -79362709.4
NOVA AMERICA SA NOVA3B BZ 21287488.9 -183535526
NOVA AMERICA SA NOVAON BZ 21287488.9 -183535526
NOVA AMERICA-PRF NOVA4B BZ 21287488.9 -183535526
NOVA AMERICA-PRF NOVAPN BZ 21287488.9 -183535526
NOVA AMERICA-PRF 1NOVPN BZ 21287488.9 -183535526
NOVA AMERICA SA 1NOVON BZ 21287488.9 -183535526
RECRUSUL RCSL3 BZ 14029393.8 -32749735
RECRUSUL SA RESLON BZ 14029393.8 -32749735
RECRUSUL-PREF RCSL4 BZ 14029393.8 -32749735
RECRUSUL SA-PREF RESLPN BZ 14029393.8 -32749735
PETRO MANGUINHOS RPMG3 BZ 146857128 -409610413
PETRO MANGUINHOS MANGON BZ 146857128 -409610413
PET MANGUINH-PRF RPMG4 BZ 146857128 -409610413
PETRO MANGUIN-PF MANGPN BZ 146857128 -409610413
RIMET REEM3 BZ 103098359 -185417651
RIMET REEMON BZ 103098359 -185417651
RIMET-PREF REEM4 BZ 103098359 -185417651
RIMET-PREF REEMPN BZ 103098359 -185417651
SANSUY SNSY3 BZ 142208953 -165790983
SANSUY SA SNSYON BZ 142208953 -165790983
SANSUY-PREF A SNSY5 BZ 142208953 -165790983
SANSUY SA-PREF A SNSYAN BZ 142208953 -165790983
SANSUY-PREF B SNSY6 BZ 142208953 -165790983
SANSUY SA-PREF B SNSYBN BZ 142208953 -165790983
MORIXE HERMANOS MORI AR 19006540.3 -928833.864
MORIXE HERMAN-BL MORIB AR 19006540.3 -928833.864
MORIXE HERMANOS MORID AR 19006540.3 -928833.864
MORIXE HERMANOS MORIC AR 19006540.3 -928833.864
MORIXE HERM-5 VT MORI5 AR 19006540.3 -928833.864
SNIAFA SA SNIA AR 11229696.2 -2670544.86
SNIAFA SA-B SNIA5 AR 11229696.2 -2670544.86
PILMAIQUEN PILMAIQ CI 153008625 -31066410.1
BOTUCATU TEXTIL STRP3 BZ 27663605.3 -7174512.12
STAROUP SA STARON BZ 27663605.3 -7174512.12
BOTUCATU-PREF STRP4 BZ 27663605.3 -7174512.12
STAROUP SA-PREF STARPN BZ 27663605.3 -7174512.12
TECTOY TOYB3 BZ 12406257.1 -2797000.25
TECTOY SA TOYBON BZ 12406257.1 -2797000.25
TECTOY-PREF TOYB4 BZ 12406257.1 -2797000.25
TECTOY SA-PREF TOYBPN BZ 12406257.1 -2797000.25
TEC TOY SA-PREF TOYB5 BZ 12406257.1 -2797000.25
TEC TOY SA-PF B TOYB6 BZ 12406257.1 -2797000.25
TECTOY TOYB13 BZ 12406257.1 -2797000.25
TECTOY-RCPT PF B TOYB12 BZ 12406257.1 -2797000.25
TEKA TEKA3 BZ 271521130 -360176693
TEKA TEKAON BZ 271521130 -360176693
TEKA-PREF TEKA4 BZ 271521130 -360176693
TEKA-PREF TEKAPN BZ 271521130 -360176693
TEKA-ADR TKTPY US 271521130 -360176693
TEKA-ADR TKTQY US 271521130 -360176693
F GUIMARAES FGUI3 BZ 11016542.2 -151840378
FERREIRA GUIMARA FGUION BZ 11016542.2 -151840378
F GUIMARAES-PREF FGUI4 BZ 11016542.2 -151840378
FERREIRA GUIM-PR FGUIPN BZ 11016542.2 -151840378
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
WIEST WISA3 BZ 34107195.1 -126993682
WIEST SA WISAON BZ 34107195.1 -126993682
WIEST-PREF WISA4 BZ 34107195.1 -126993682
WIEST SA-PREF WISAPN BZ 34107195.1 -126993682
ELEC ARG SA-PREF EASA6 AR 1019816241 -75790649.4
ELEC ARGENT-ADR EASA LX 1019816241 -75790649.4
ELEC DE ARGE-ADR 1262Q US 1019816241 -75790649.4
LOJAS ARAPUA LOAR3 BZ 39089446.4 -2523382189
LOJAS ARAPUA LOARON BZ 39089446.4 -2523382189
KOSMOS COMERCIO LOAR4 BZ 39089446.4 -2523382189
LOJAS ARAPUA-PRF LOARPN BZ 39089446.4 -2523382189
LOJAS ARAPUA-PRF 52353Z US 39089446.4 -2523382189
LOJAS ARAPUA-GDR 3429T US 39089446.4 -2523382189
LOJAS ARAPUA-GDR LJPSF US 39089446.4 -2523382189
COOMEVA ENTIDAD COOMEV CB 389726370 -261681914
BATTISTELLA BTTL3 BZ 59711285.7 -33374424.9
BATTISTELLA-PREF BTTL4 BZ 59711285.7 -33374424.9
HOPI HARI SA PQTM3 BZ 135437870 -15815342.3
HOPI HARI-PREF PQTM4 BZ 135437870 -15815342.3
PARQUE TEM-DV CM PQT5 BZ 135437870 -15815342.3
PARQUE TEM-DV PF PQT6 BZ 135437870 -15815342.3
PARQUE TEM-RT CM PQTM1 BZ 135437870 -15815342.3
PARQUE TEM-RT PF PQTM2 BZ 135437870 -15815342.3
PARQUE TEM-RCT C PQTM9 BZ 135437870 -15815342.3
PARQUE TEM-RCT P PQTM10 BZ 135437870 -15815342.3
EDELAP-B ELAP AR 228302327 -21022097
EDELAP-B ELAPC AR 228302327 -21022097
EDELAP-B ELAPD AR 228302327 -21022097
INVERS ELEC BUEN IEBA AR 213542509 -68439920.3
MMX MINERACAO MMXM3 BZ 135425661 -367990918
TRESSEM PART SA 1TSSON BZ 135425661 -367990918
CIA PETROLIFERA MRLM3B BZ 377592596 -3014215.1
CIA PETROLIF-PRF MRLM4B BZ 377592596 -3014215.1
CIA PETROLIFERA 1CPMON BZ 377592596 -3014215.1
CIA PETROLIF-PRF 1CPMPN BZ 377592596 -3014215.1
PUYEHUE PUYEH CI 16578544 -7533710.62
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
VARIG PART EM TR VPTA3 BZ 49432119.3 -399290357
VARIG PART EM-PR VPTA4 BZ 49432119.3 -399290357
VARIG PART EM SE VPSC3 BZ 83017828 -495721697
VARIG PART EM-PR VPSC4 BZ 83017828 -495721697
***********
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.
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, and Peter A.
Chapman, Editors.
Copyright 2015. 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
202-362-8552.
* * * End of Transmission * * *