/raid1/www/Hosts/bankrupt/TCRLA_Public/181008.mbx         T R O U B L E D   C O M P A N Y   R E P O R T E R

                     L A T I N   A M E R I C A

               Monday, October 8, 2018, Vol. 19, No. 199


                            Headlines



D O M I N I C A N   R E P U B L I C

DOMINICAN REPUBLIC: Bad News for Growers as Report Slams Tobacco
DOMINICAN REPUBLIC: To Cut Budget Due to Rising Oil Prices


M E X I C O

C&W SENIOR: S&P Assigns 'BB-' Rating on New $500MM Senior Notes
FRONTERA ENERGY: S&P Affirms 'BB-' Long-Term ICR, Outlook Stable


P U E R T O    R I C O

CARLOS ROBLES TILE: Taps Luis D. Flores Gonzalez as Legal Counsel
QUE GOLAZO: Seeks 45-Day Exclusivity Period Extension
TOYS "R" US: Propco I Hires Cushman as Real Estate Advisor


S U R I N A M E

SURINAME: To Rely on IDB Loan to Up Agricultural Productivity


T R I N I D A D  &  T O B A G O

TRINIDAD & TOBAGO: Fuel Subsidy Cut Necessary, Minister Says


X X X X X X X X X

* BOND PRICING: For the Week October 1 to October 5, 2018


                            - - - - -


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D O M I N I C A N   R E P U B L I C
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DOMINICAN REPUBLIC: Bad News for Growers as Report Slams Tobacco
-----------------------------------------------------------------
Dominican Today, citing a study released, reports that tobacco
cultivation and transformation has a huge impact on the
environment and contributes not only to global warming but
negatively affects the development of producer populations.

The report by the secretariat of the Framework Convention on
Tobacco Control and the Imperial College of London, also evaluates
consumption and its environmental effects, according to Dominican
Today.

The document aims to sound the alarm about the harmful impact of
the cultivation and consumption of tobacco, Dominican Today notes.
Production requires considerable land use, high water consumption,
the use of pesticides and labor, all finite resources that could
be given better use," Dominican Today relays.

Dominican Today says that the report specifies the negative
impacts such as deforestation (one of the causes of climate
change), water and soil abuse, and pollution caused by the
chemicals used in the cultivation process.

As to processing, tobacco uses a lot of energy produced often with
firewood or coal, two polluting processes, harmful to human health
and contributing to global warming, Dominican Today notes.

"The damage to the environment occurs throughout the cycle of
tobacco products because of deforestation, water pollution caused
by the use of pesticides and caused by cigarette butts,"
Convention secretariat leader Vera Luiza da Costa e Silva said in
a statement obtained by Dominican Today.

                 Bad News for Dominican Growers

The report comes at the wrong time for local tobacco producers,
who already have to tackle the effects of a prolonged drought
parching the Northwest, home to the country's major growers,
Dominican Today cites.

As reported in the Troubled Company Reporter-Latin America on
Sept. 24, 2018, Fitch Ratings affirmed Dominican Republic's
Long-Term, Foreign-Currency Issuer Default Rating (IDR) at 'BB-'
with a Stable Outlook.


DOMINICAN REPUBLIC: To Cut Budget Due to Rising Oil Prices
----------------------------------------------------------
Dominican Today reports that budget director, Luis Reyes, said the
Dominican Republic Government aims to cut RD$12.0 billion
(US$240.0 million) from this year's Budget, which will affect the
entire government apparatus.

The official said the reduction and other administrative cuts
being made don't need congressional approval because they are
within the same lines, for the Government to finance the US$300
million electricity sector deficit that resulted from the rise in
oil prices this year, according to Dominican Today.

Interviewed on Hoy Mismo, ColorVision, Reyes said due to the
impact of rising oil prices in public finances, the Finance
Ministry had to advance the date to prepare the Budget
Complementary, which traditionally in the current administration
was done for December, "after the design and presentation of the
corresponding for the following year, the report relays.  Now it
was necessary to work simultaneously with the 2019 budget bill and
with the 2018 supplementary," the report adds.

As reported in the Troubled Company Reporter-Latin America on
Sept. 24, 2018, Fitch Ratings affirmed Dominican Republic's
Long-Term, Foreign-Currency Issuer Default Rating (IDR) at 'BB-'
with a Stable Outlook.



===========
M E X I C O
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C&W SENIOR: S&P Assigns 'BB-' Rating on New $500MM Senior Notes
---------------------------------------------------------------
S&P Global Ratings assigned its 'BB-' issue-level rating to C&W
Senior Financing Designated Activity Company's proposed $500
million senior notes due 2026. The company is a trust-owned
special purpose vehicle (SPV) that Cable & Wireless Communications
Limited (CWC; BB-/Negative/B) consolidates. The SPV will transfer
the notes' proceeds to Sable International Finance Ltd. (SIFL),
CWC's subsidiary. This will allow the group to refinance in full
Cable & Wireless International Finance B.V.'s GBP147 million,
8.625% senior notes due March 2019; make partial redemption of
CWC's $750 million, 6.875% senior notes due 2022; and pay
transaction-related premiums, fees, and expenses.

The issuance won't have impact on CWC's leverage, because the
group will use most of the proceeds for debt repayment. S&P
expects a proportionate debt-to-EBITDA ratio below 4.0x and funds
from operations to debt of 18% by the end of 2018, in line with
the current rating on CWC.

In S&P's view, the SPV meets the following conditions:

-- All of its debt obligations are backed by equivalent-ranking
    obligations with equivalent payment terms that SIFL issued.

-- As a strategic financing entity for CWC, it's set up solely to
    raise debt on behalf of the group; and

-- S&P believes CWC is willing and able to support the SPV to
    ensure full and timely payment of interest and principal on
    its debt, including payment of the SPV's any expenses.

Therefore, S&P rates the SPV's debt relative to other debt
obligations of CWC and treat the contractual obligations of the
SPV as financial obligations of the parent. The issue-level rating
on the proposed notes is in line with the issue-level ratings on
senior unsecured debt issued by SIFL, reflecting the pari passu
ranking.

  RATINGS LIST

  Cable & Wireless Communications Limited
    Issuer credit rating      BB-/Negative/B

  Rating Assigned

  C&W Senior Financing Designated Activity Company
    Senior notes              BB-


FRONTERA ENERGY: S&P Affirms 'BB-' Long-Term ICR, Outlook Stable
----------------------------------------------------------------
S&P Global Ratings affirmed its 'BB-' global scale long-term
issuer credit rating on Frontera Energy Corporation. S&P also
affirmed its 'BB-' issue-level rating on the company's $350
million senior unsecured notes due 2023. The outlook remains
stable.

S&P said, "The affirmation reflects our expectation that Frontera
will continue to post steady operating and financial performance
in the next 12 months due to expected favorable oil prices, stable
oil production, and transportation savings coming from the
renegotiation of take-or-pay pipeline contracts. As of June 30,
2018, Frontera's revenue rose 13% and higher profitability in
comparison with last year, resulting in a debt to EBITDA of 1.4x,
FFO to debt of 63.5%, and FOCF to debt of 19.1%. We believe the
company will maintain solid margins, of around 40%, and robust
internal cash flow generation in the next 12 months. This, coupled
with strong cash balance sheet of around $550 million as of June
30, 2018, will allow Frontera to make significant capital
expenditures (capex) investments to maintain its production and
reserve replacement while keeping its adjusted debt at around $620
million. Moreover, the company issued senior unsecured notes for
$350 million in June 2018, below the proposed amount of $500
million, leading to lower-than-expected debt. Better-than-expected
financial metrics led to a revision of our assessment on
Frontera's financial risk profile to intermediate from
significant. We now expect a debt to EBITDA below 1.5x, FFO to
debt above 60%, and a negative FOCF-to-debt ratio in the next 12
months."

Frontera has a leading position in Colombia given that it's the
largest independent oil and gas operator in the country. However,
since the concession to operate the Rubiales field ended in mid-
2016, the company's production has declined sharply to 64,000
barrels of oil equivalent (boed) as of June 30, 2018 from 128 boed
as of June 30, 2016. S&P believes oil production will be at
65,000-67,000 boed for 2018 and 2019, due to the natural decline
of the La Creciente, Quifa, and Guatiquia fields, mitigated by the
perforation of new wells and reservoir optimization.

Moreover, in S&P's opinion, Frontera continues to have a
considerably smaller scale than Ecopetrol (BBB-/Stable/--) and its
global peers in terms of production and reserves with 1P reserves
of 114.1 million barrels of oil equivalent (boe) as of Dec. 31,
2017, and a lack of geographic diversification, given that the
company produces around 85% of its oil in Colombia. These factors
have a negative impact on the company's assessment.



======================
P U E R T O    R I C O
======================


CARLOS ROBLES TILE: Taps Luis D. Flores Gonzalez as Legal Counsel
-----------------------------------------------------------------
Carlos Robles Tile & Stone, Inc., seeks approval from the U.S.
Bankruptcy Court for the District of Puerto Rico to hire the Law
Offices of Luis D. Flores Gonzalez as its legal counsel.

The firm will assist the Debtor in the preparation and filing of a
bankruptcy plan; examine claims; and provide other legal services
related to its Chapter 11 case.

Gonzalez will charge these hourly rates:

     Luis Flores Gonzalez, Esq.     $200
     Legal Assistants                $60
     Paraprofessionals               $40

The firm received a retainer in the sum of $3,000.

Luis Flores Gonzalez, Esq., disclosed in a court filing that he
neither holds nor represents any interest adverse to the Debtor's
estate.

The firm can be reached through:

     Luis D. Flores Gonzalez, Esq.
     Law Offices of Luis D. Flores Gonzalez
     80 Georgetti Street, Suite 202
     Rio Piedras, PR 00925
     Telephone: 787-758-3606
     Email: ldfglaw@yahoo.com
     Email: ldfglaw@coqui.net

              About Carlos Robles Tile & Stone

Carlos Robles Tile & Stone, Inc., operates a store that sells
tiles, stones and related materials.  Its business and office are
located at 383 Ave. Cesar Gonzalez, Urb. Eleanor Roosevelt, San
Juan, Puerto Rico.

Carlos Robles Tile & Stone sought protection under Chapter 11 of
the Bankruptcy Code (Bankr. D. P.R. Case No. 18-05145) on Sept. 5,
2018.  It previously sought bankruptcy protection on March 19,
2015
(Bankr. D.P.R. Case No. 15-02004).

In the petition signed by Carlos Robles Marin, president, the
Debtor disclosed $486,000 in assets and $3,517,613 in liabilities.


Judge Mildred Caban Flores presides over the case.


QUE GOLAZO: Seeks 45-Day Exclusivity Period Extension
-----------------------------------------------------
Que Golazo Inc. requests the U.S. Bankruptcy Court for the
District of Puerto Rico for 45 days extension for the Exclusivity
Period and for the filing of the Disclosure Statement and Plan of
Reorganization and allows a term of 60 days, after the order
approving the Disclosure Statement is entered, to procure votes
for said Plan.

The Debtor asserts that there are still pending negotiations with
the creditors that need to be resolved prior to the filing of the
Disclosure Statement and Plan of Reorganization. The Debtor
assures the Court that it is meeting its obligations as Debtor in
possession and Monthly Operating Reports have been filed and
quarterly fees have been paid.

The Debtor believes that any extension of time will not harm any
creditors but rather it will increase the possibilities of a
successful reorganization.

                         About Que Golazo

Based in San Juan Puerto Rico, Que Golazo, Inc., filed a Chapter
11 petition (Bankr D.P.R. Case No. 18-01468) on March 19, 2018. In
the petition signed by its president, Horacio Tierno Copioli, the
Debtor estimated assets of less than $50,000 and debts under
$500,000.  Mary Ann Gandia-Fabian, Esq., at Gandia-Fabian Law
Office, is the Debtor's counsel, and Jimenez Vazquez & Associates,
PSC, as its accountant.


TOYS "R" US: Propco I Hires Cushman as Real Estate Advisor
----------------------------------------------------------
Toys "R" Us Property Company I, LLC, and its debtor-affiliates
seek authority from the U.S. Bankruptcy Court for the Eastern
District of Virginia to employ Cushman & Wakefield U.S., Inc., as
real estate advisor to the Propco I Debtor.

Propco I requires Cushman to:

   a. use good faith, diligent efforts, at Cushman sole cost and
      expense, to obtain a satisfactory purchaser or tenant for
      the properties of the Debtor, known as 1624 Army Court,
      Stockton, CA; 7106 Geoffrey Circle, Way Frederick, MD; and
      380 Highway 42 South, McDonough, GA, on such terms as are
      acceptable to the Propco I Debtors;

   b. negotiate the business terms of each purchase and sale or
      lease agreement on behalf of the Propco I Debtors and in
      the Propco I Debtors' best interest, subject to the Propco
      I Debtors' review and approval; and

   c. cooperate with other licensed real estate brokers
      representing purchasers or tenants subject to the terms of
      the Listing Agreement.

Cushman will be paid as follows:

   -- 1.15% commission of the gross sales;

   -- 4.5% commission of the aggregate rentals for the 7106
      Geoffrey Circle, and the 1624 Army Court properties; 4% for
      the 380 Highway 42 South property.

Adam Spies, chairman-capital markets of Cushman & Wakefield U.S.,
Inc., 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.

Cushman can be reached at:

     Adam Spies
     CUSHMAN & WAKEFIELD U.S., INC.
     1290 Avenue of the Americas
     New York, NY 10104
     Tel: (212) 841-7500

           About Toys "R" Us Property Company I, LLC

Toys "R" Us, Inc., was an American toy and juvenile-products
retailer founded in 1948 and headquartered in Wayne, New Jersey,
in the New York City metropolitan area. Merchandise was sold in
880 Toys "R" Us and Babies "R" Us stores in the United States,
Puerto Rico and Guam, and in more than 780 international stores
and more than 245 licensed stores in 37 countries and
jurisdictions. Merchandise was also sold at e-commerce sites
including Toysrus.com and Babiesrus.com.

On July 21, 2005, a consortium of Bain Capital Partners LLC,
Kohlberg Kravis Roberts, and Vornado Realty Trust invested $1.3
billion to complete a $6.6 billion leveraged buyout of the
company.

Toys "R" Us is a privately owned entity but still files with the
U.S. Securities and Exchange Commission as required by its debt
agreements.

The Company's consolidated balance sheet showed $6.572 billion in
assets, $7.891 billion in liabilities, and a stockholders' deficit
of $1.319 billion as of April 29, 2017.

Toys "R" Us, Inc., and certain of its U.S. subsidiaries and its
Canadian subsidiary voluntarily filed for relief under Chapter 11
of the Bankruptcy Code (Bankr. E.D. Va. Lead Case No. Case No.
17-34665) on Sept. 19, 2017.  In addition, the Company's Canadian
subsidiary voluntarily commenced parallel proceedings under the
Companies' Creditors Arrangement Act ("CCAA") in Canada in the
Ontario Superior Court of Justice.  The Company's operations
outside of the U.S. and Canada, including its 255 licensed stores
and joint venture partnership in Asia, which are separate
entities, were not part of the Chapter 11 filing and CCAA
proceedings.

Grant Thornton is the monitor appointed in the CCAA case.

Judge Keith L. Phillips presides over the Chapter 11 cases.

In the Chapter 11 cases, Kirkland & Ellis LLP and Kirkland & Ellis
International LLP serve as the Debtors' legal counsel. Kutak Rock
LLP serves as co-counsel. Toys "R" Us employed Alvarez & Marsal
North America, LLC as its restructuring advisor; and Lazard Freres
& Co. LLC as its investment banker.  It hired Prime Clerk LLC as
claims and noticing agent. Consensus Advisory Services LLC and
Consensus Securities LLC, serve as sale process investment banker.
A&G Realty Partners, LLC, serves as its real estate advisor.

On Sept. 26, 2017, the U.S. Trustee for Region 4 appointed an
official committee of unsecured creditors. The Committee retained
Kramer Levin Naftalis & Frankel LLP as its legal counsel; Wolcott
Rivers, P.C., as local counsel; FTI Consulting, Inc. as financial
advisor; and Moelis & Company LLC as investment banker.

                      Toys "R" Us UK

Toys "R" Us Limited, Toys "R" Us, Inc.'s UK arm with 105 stores
and 3,000 employees, was sent into administration in the United
Kingdom in February 2018.

Arron Kendall and Simon Thomas of Moorfields Advisory Limited, 88
Wood Street, London, EC2V 7QF were appointed Joint Administrators
on Feb. 28, 2018. The Administrators now manage the affairs,
business and property of the Company.  The Administrators act as
agents only and without personal liability.

The Administrators said they will make every effort to secure a
buyer for all or part of the business.

                     Liquidation of U.S. Stores

Toys "R" Us, Inc., on March 15, 2018, filed with the U.S.
Bankruptcy Court a motion seeking Bankruptcy Court approval to
start the process of conducting an orderly wind-down of its U.S.
business and liquidation of inventory in all 735 of the Company's
U.S. stores, including stores in Puerto Rico.

                         Propco I Debtors

Toys "R" Us Property Company I, LLC and its subsidiaries own fee
and leasehold interests in more than 300 properties in the United
States. The Debtors lease the properties on a triple-net basis
under a master lease to Toys-Delaware, the operating entity for
all of TRU's North American businesses, which operates the
majority of the properties as Toys "R" Us stores, Babies "R" Us
stores or side-by-side stores, or subleases them to alternative
retailers.

Toys "R" Us Property was founded in 2005 and is headquartered in
Wayne, New Jersey. Toys 'R' Us Property operates as a subsidiary
of Toys "R" Us Inc.

Company LLC, MAP Real Estate LLC, TRU 2005 RE I LLC, TRU 2005 RE
II Trust, and Wayne Real Estate Company LLC -- Propco I Debtors --
sought protection under Chapter 11 of the Bankruptcy Code (Bankr.
E.D. Va. Lead Case No. 18-31429) on March 20, 2018. The Propco I
Debtors sought and obtained procedural consolidation and joint
administration of their Chapter 11 cases, separate from the Toys
"R" Us Debtors' Chapter 11 cases.

The Propco I Debtors estimated assets of $500 million to $1
billion and liabilities of $500 million to $1 billion.

Judge Keith L. Phillips presides over the Propco I Debtors' cases.

The Propco I Debtors hired Klehr Harrison Harvey Branzburg, LLP;
and Crowley, Liberatore, Ryan & Brogan, P.C., as co-counsel. The
Debtors also tapped Kutak Rock LLP. They hired Goldin Associates,
LLC, as financial advisors.



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S U R I N A M E
===============


SURINAME: To Rely on IDB Loan to Up Agricultural Productivity
-------------------------------------------------------------
Relying on US$30 million in financing from the Inter-American
Development Bank (IDB), the objective of the Sustainable
Agricultural Productivity Program (SU-L1052) is to increase
agricultural productivity in Suriname through investments in
infrastructure and management of Irrigation and Drainage (I&D)
systems and by improving the quality and availability of
agriculture statistics. The project will directly benefit 2,200
small and medium farmers belonging to local water boards as well
as numerous other farmers.

Improving agricultural statistics and information systems is
essential to increase the quality and availability of information
on the different parts of the agricultural sector in Suriname,
including irrigated agriculture. The latest agricultural census in
Suriname was conducted in 2009. Since then, substantial changes
may have occurred in the sector resulting in outdated data.

The first component of this project will fund improvements to the
operation and management of Irrigation and Drainage (I&D) systems
in Suriname, particularly in Nickerie District, by addressing
current failings in infrastructure and transferring key management
and maintenance responsibilities to farmers organized in water
boards. This component is expected to contribute to increasing
productivity among producers of irrigated areas, and at the same
time, improve water management and use within I&D areas. The
project will seek to enhance the capacity of government
institutions in charge of irrigation, water distribution and
resource administration by including measures to improve the
sustainable management of water resources for its different uses.

The second component of this project will improve Suriname's
Agricultural Information System by enhancing the quality and
availability of data, and by strengthening the operational and
analytical capabilities of the Ministry of Agriculture's Division
of Agricultural Statistics. It is expected that this component
will increase the relevance, and therefore the use, of
agricultural statistics in public policy. The project will finance
the costs to conduct a new agricultural census, technical
assistance to the Ministry of Agriculture, analysis of the data,
and dissemination of results. The agricultural census will provide
current, comprehensive, and accurate information for Suriname's
agricultural sector.

The project is a specific investment operation with a total cost
estimated at US$30 million to be financed with resources from the
IDB's Ordinary Capital (OC)under the Flexible Financing Facility
(FFF), a grace period of 6.5 years, an interest rate based on
LIBOR, and is designed to be disbursed in six years.



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T R I N I D A D  &  T O B A G O
================================


TRINIDAD & TOBAGO: Fuel Subsidy Cut Necessary, Minister Says
------------------------------------------------------------
Michelle Loubon at Trinidad Express reports that Public Utilities
Minister Robert Le Hunte said fuel subsidy cost the Government $29
billion between 2002 and 2018 and that Trinidad & Tobago has the
cheapest rate for gas globally.

He also said tough decisions like the Petrotrin refinery closure,
which is scheduled for November 30, had to be done taken. He also
said managing a country was like fixing a problem on aircraft in
flight, in a situation where you could not just land it to fix it;
you had to fix it in mid-air, according to Trinidad Express.

The report notes that Mr. Le Hunte made these comments at Central
Finance Facility Thought Leadership Series at Hilton Trinidad in
St. Ann's.  The theme was "The Rationale and Strategic Intent of
2018/19 National Budget and The Expected Outcomes for Trinidad and
Tobago," the report relays.  Among those present were chief
executive officer of Optimum Investment Solutions Ltd, Randolph
Clouden, former minister in the Ministry of Finance Mariano
Browne, former minister of energy Conrad Enill and Express
columnist/political analyst Dr Winford James, the report
discloses.  The information on the budget was shared against the
backdrop of the progress and pitfalls of the credit union
movement, the report adds.



=================
X X X X X X X X X
=================


* BOND PRICING: For the Week October 1 to October 5, 2018
---------------------------------------------------------

Issuer Name               Cpn     Price   Maturity  Country  Curr
-----------               ---     -----   --------  -------   ---

Banco do Brasil SA/Cayman 6.25   75.043                 KY     USD
Rio Energy SA             6.875  71.638   2/1/2025      AR     USD
Cia Latinoamericana       9.5    60.447   7/20/2023     AR     USD
CSN Islands XII Corp      7      69.44                  BR     USD
Agua y Saneamientos       6.625  71.982   2/1/2023      AR     USD
Odebrecht Finance Ltd     7.5    39.15                  KY     USD
YPF SA                   16.5    50.96    5/9/2022      AR     ARS
Odebrecht Finance Ltd     4.37   35.715   4/25/2025     KY     USD
Banco Macro SA           17.5    50       5/8/2022      AR     ARS
Odebrecht Finance Ltd     7.12   37.293   6/26/2042     KY     USD
China Huiyuan             6.5    75.1     8/16/2020     CN     USD
Odebrecht Finance         5.125  45.754   6/26/2022     KY     USD
Noble Holding             6.2    74.46    8/1/2040      KY     USD
Noble Holding             5.25   70.444   3/15/2042     KY     USD
Odebrecht Finance         7      58.985   4/21/2020     KY     USD
Noble Holding             6.05   73.508   3/1/2041      KY     USD
Odebrecht Finance         5.25   36.2     6/27/2029     KY     USD
Rio Energy SA             6.875  71.551   2/1/2025      AR     USD
BCP Finance Co            1.751  74.397                 KY     EUR
Provincia del Chubut      4              10/21/2019     AR     USD
YPF SA                   16.5    50.96   5/9/2022       AR     ARS
Argentina                 7.125  76      6/28/2117      AR     USD
Automotores Gildemeister  6.75   62.759  1/15/2023      CL     USD
Odebrecht Finance         6      37.193  4/5/2023       KY     USD
Banco do Brasil           6.25   76.375                 KY     USD
Cia Latinoamericana       9.5    60.621  7/20/2023      AR     USD
Polarcus Ltd              5.6    70      7/1/2022       AE     USD
Argentina                 6.875  74.985  1/11/2048      AR     USD
Provincia del Chubut      7.75   72.304  7/26/2026      AR     USD
Banco Macro SA           17.5    50      5/8/2022       AR     ARS
CSN Islands XII Corp      7      74.375                 BR     USD
Provincia de Rio Negro    7.75   70.153  12/7/2025      AR     USD
Provincia de Entre Rios   8.75   71.083   2/8/2025      AR     USD
Argentina                 4.33   70      12/31/2033     AR     JPY
Provincia de Entre Rios   8.75   72.333   2/8/2025      AR     USD
Odebrecht Finance Ltd     4.375  35.242   4/25/2025      KY    USD
Ironshore Pharma         13      69.621   2/28/2024      KY    USD
Automotores Gildemeister  8.25   60.583   5/24/2021      CL    USD
Odebrecht Finance Ltd     7.125   38.674  6/26/2042      KY    USD
Odebrecht Finance Ltd     5.25    36.187  6/27/2029      KY    USD
Province of Santa Fe      6.9     74.177  11/1/2027      AR    USD
Provincia del Chubut      7.75    71.654  7/26/2026      AR    USD
Argentina                 6.25    72.711  11/9/2047      AR    EUR
Cia Energetica            6.1827   1.105  1/15/2022      BR    BRL
Odebrecht Finance         7.5     43.5                   KY    USD
Argentina                 0.45    31.75  12/31/2038      AR    JPY
SACI Falabella            2               7/15/2020      CL    CLP
Province of Jujuy         8.625   72.788  9/20/2022      AR    USD
Province of Santa Fe      6.9     73.44  11/1/2027       AR    USD


Ironshore Pharma         13       69.621  2/28/2024      KY    USD
Tanner Servicios         3.8      52.42   4/1/2021       CL    CLP
AES Tiete Energia SA     6.78      1.06   4/15/2024      BR    BRL
Odebrecht Finance Ltd    6        37.19   4/5/2023       KY    USD
Provincia de Rio Negro   7.75     70.15  12/7/2025       AR    USD
Odebrecht Finance        7        59.466  4/21/2020      KY    USD
Odebrecht Finance Ltd    5.12     47.298  6/26/2022      KY    USD
Provincia de Cordoba     7.12     74.286  8/1/2027       AR    USD
Argentina                7.125    75.752  6/28/2117      AR    USD
Automotores Gildemeister 8.25     60.583  5/24/2021      CL    USD
Enlasa Generacion        3.558           11/15/2023      CL    CLP
Metrogas SA/Chile       645               8/1/2024       CL    CLP
Automotores Gildemeister 6.75     62.759  1/15/2023      CL    USD
Provincia del Chaco      9.375    72.315  8/18/2024      AR    USD
Fospar S/A               6.53      1.034  5/15/2026      BR    BRL
Sociedad Concesionaria   2.9547           6/30/2021      CL    CLP
Esval SA                 3.453            3/15/2028      CL    CLP
Caja de Compensacion     7.75     35.23   3/27/2024      CL    CLP
Sociedad Austral       318.478            9/20/2019      CL    CLP
Provincia de Neuquen     7.5      74.753  4/27/2025      AR    USD
Caja de Compensacion     5.2              9/15/2018      CL    CLP
Empresa de Transporte    4.341            7/15/2020      CL    CLP
Corp Universidad         5.968           11/10/2021      CL    CLP
Provincia de Cordoba     7.125    74.802  8/1/2027       AR    USD
Provincia del Chaco      9.375    72.585  8/18/2024      AR    USD
Argentine Republic       7.125    75.322  6/28/2117      AR    USD
Sylph Ltd                2.367    61.194  9/25/2036      KY    USD
Banco Security SA      311                7/1/2019       CL    CLP
Sylph Ltd                2.657   73.081   3/25/2036      KY    USD



                            ***********


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, Julie Anne L. Toledo, Ivy B. Magdadaro, and Peter A.
Chapman, Editors.

Copyright 2018.  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.
.


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