/raid1/www/Hosts/bankrupt/TCRLA

/raid1/www/Hosts/bankrupt/TCRLA_Public/190311.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, March 11, 2019, Vol. 20, No. 50 Headlines D O M I N I C A N R E P U B L I C DOMINICAN REPUBLIC: Drought in Northwest the Most Severe in 60 Yrs. DOMINICAN REPUBLIC: Gets OK for US$300M IDB Loan for Emergency Fund DOMINICAN REPUBLIC: Qatar Wants to Sell Natural Gas to Country J A M A I C A DIGICEL GROUP: Planning to Sell US$550 Million in Secured Bonds FLY JAMAICA: No Refunds Yet for Those Involved in Crash-Landing KLE GROUP: Incurs Loss of $25.7 Million for 2018 M E X I C O MEXICO: President Denies Plans to Hinder Work of Rating Agencies PETROLEOS MEXICANOS: Most Investment Deals in 2019 Already Signed P U E R T O R I C O BAILEY'S EXPRESS: Plan Admin Selling Remnant Assets to Oak for $5K CONDUENT INC: S&P Ups ICR to BB+ on Settlement with Texas PRINT PLUS: Hires Landrau Rivera & Associates as Legal Counsel X X X X X X X X [*] BOND PRICING: For the Week March 4 to March 8, 2019 - - - - - =================================== D O M I N I C A N R E P U B L I C =================================== DOMINICAN REPUBLIC: Drought in Northwest the Most Severe in 60 Yrs. ------------------------------------------------------------------- Dominican Today reports that the drought in the Northwest, which the locals say is the most severe of the last 60 years, impacts everything, from humans and animals to agriculture and the environment. They pray to God for rain. "The clouds laden with water dance on the wild lands from which a stifling heat emanates amidst a panorama of dry leaves, almost skeletal animals, dust that invades all spaces and containers in front of homes and establishments waiting for a bit of water from which, once or twice a week, which government agencies give away," writes Adalberto de la Rosa, of Diario Libre, according to Dominican Today. The report notes that the among the hardest hit sectors is livestock, as cattle die every day which collapse malnourished and parched. Ranchers, however, acknowledge a lack of prevention, and noted that measures had to be taken before the situation reached the current calamity, the report relays. 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: Gets OK for US$300M IDB Loan for Emergency Fund ------------------------------------------------------------------- Dominican Today reports that the Chamber of Deputies approved an Inter-American Development Bank (IDB) loan for US$300 million, to be used as contingent financing for emergencies from natural disasters. Prior to the loan's approval, the deputies of the opposition party (PRM) abandoned the session, in protest for being denied the floor to argue against the initiative, according to Dominican Today. The deputies also designated a special commission to study the bill that amends Law 189-11, which aims to develop Dominican Republic's Trust and Mortgage Market, the report notes. Chamber of Deputies president, Radhames Camacho, also instructed the special commission to render a report within 15 days, the report relays. 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: Qatar Wants to Sell Natural Gas to Country -------------------------------------------------------------- Dominican Today reports that the Qatari government seeks to sell natural gas to the Dominican Republic, from the 75% of its production it exports annually. Qatari Embassy chief of staff Khalid Al Sharshani said his country is willing to collaborate with the Dominican Republic by supplying its energy needs, according to Dominican Today. "I recently visited Punta Catalina and I learned that before its construction a natural gas producer was looking not to use coal," Al Sharshani said, and regretted that they didn't contact Qatar, the world's third largest gas producer, the report relays. A year ago State Electric Utility (CDEEE) CEO, Ruben Jimenez Bichara, disclosed that the country was looking for secure, and competitively priced natural gas supply to convert the 300-megawatt San Pedro de Macoris Power Company, the 430 mega Quisqueya I and II power plants and the fuel-oil powered, 210-megawatt distributed between the Sultana del Este and Origenes plants, the report relays. 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. ============= J A M A I C A ============= DIGICEL GROUP: Planning to Sell US$550 Million in Secured Bonds --------------------------------------------------------------- RJR News reports that Digicel Group plans to sell as much as US$550 million of secured bonds to refinance existing borrowings and give the telecommunications group additional financial flexibility. Digicel Holdings and Digicel International Finance will sell the notes by way of private placement with investors, according to RJR News. The two units plan to use the net proceeds to repay funds already drawn down from credit facilities, the report notes. The report relays that it is understood that Digicel will have about US$150 million left over, which will be used for general corporate purposes. The latest financial maneuvering comes less than a week after top Digicel executives faced questions from analysts on a conference call on the rate at which the group's cash position dropped late last year, the report discloses. FLY JAMAICA: No Refunds Yet for Those Involved in Crash-Landing --------------------------------------------------------------- RJR News reports that Fly Jamaica Airways passengers who were left in limbo after last November's crash-landing at Cheddi Jagan International Airport in Guyana, will have to wait a while longer for refunds. The Guyana Civil Aviation Authority (GCAA) said there is little that can be done at the moment as the airline has not been closed, according to RJR News. The report notes that Lieutenant Colonel Egbert Field, Director-General of the GCAA, raised the issue with Fly Jamaica officials during a recent meeting. It is believed that hundreds of Fly Jamaica tickets were sold by travel agencies in Guyana, Canada and New York, the report relays. Travel agents, especially in New York, have been complaining about passengers demanding refunds, almost four months since the crash left the airline scrambling to find aircraft, the report adds. KLE GROUP: Incurs Loss of $25.7 Million for 2018 ------------------------------------------------ RJR News reports that KLE Group is reporting a loss of $25.7 million for the financial year 2018 compared with 8.9 million in losses the prior year. Revenue was also down from $226 million to $220 million last year, according to RJR News. =========== M E X I C O =========== MEXICO: President Denies Plans to Hinder Work of Rating Agencies ---------------------------------------------------------------- EFE News reports that Mexico's president said that the country is open to international scrutiny and denied any plans to hinder the work of credit rating agencies. Andres Manuel Lopez Obrador made his remarks three days after Standard & Poor's lowered its outlook for struggling, debt-ridden state oil company Petroleos Mexicanos (Pemex) to negative from stable, according to EFE News. S&P revised downward, from stable to negative, its outlook for Mexican sovereign debt. Fitch, another credit rating agency, also has downgraded its outlook for Mexico. "We respect (the work of the rating agencies) and we don't want to limit their role," the leftist head of state said at the National Palace, the report notes. He commented on the same day his allies in the Senate are expected to introduce a bill that would allow the CNBV securities regulator to revoke the permits of rating agencies that trigger "financial instability," the report says S&P lowered its outlook for Pemex, state electricity company CFE, 77 financial institutions and companies such as telecommunications giant America Movil. The rating agency also cut its stand-alone assessment of Pemex to B- from BB-, although it kept that oil company's global rating at BBB+ (investment grade). "We're open to international scrutiny in the political and economic spheres. Mexico is a free country and we don't have anything to hide. We're in favor of transparency and of public life becoming increasingly public," Lopez Obrador said, the report relays. The report notes that he added that the Mexican government will show the ratings agencies that the economy is performing well. "That we're going to grow and we're going to be a role model in combating corruption . . . it's possible to have a strong economy, with no deficit, debt or inflation," the president said, the report discloses. The leftist head of state has said the Mexican economy will expand by an average of 4 percent during his administration, which ends in 2024, although analysts are forecasting must lower growth, at least for this year and next, the report says. The Finance Secretariat, meanwhile, is forecasting that Mexico will grow between 1.5 percent and 2 percent this year, the report notes. Lopez Obrador's tone was much softer than the one he adopted two days ago, when he said credit rating agencies were punishing Mexico and state-owned companies for the "neo-liberal policies" of prior administrations, the report relays. "They are punishing the country for the neo-liberal policies implemented over the past 36 years, which were a total failure. Especially in the past few years," the founder and leader of the leftist National Regeneration Movement (Morena) said during his daily press conference, the report relays. Lopez Obrador said that during the "neo-liberal period," economic policy was characterized by "looting and corruption," the report notes. "Pemex and the CFE were the companies worst looted not just in Mexico, but in the world, during the neo-liberal period," the president said, the report adds. PETROLEOS MEXICANOS: Most Investment Deals in 2019 Already Signed ----------------------------------------------------------------- EFE News reports that Mexico's president said that most of the agreements covering investments this year in struggling state oil company Petroleos Mexicanos (Pemex) have already been signed. "We're now signing agreements, contracts. I can tell you that the contracts already signed on investment in Pemex account for around 80 percent of all of the investment this year," Andres Manuel Lopez Obrador said in his regular morning press conference, according to EFE News. He added that detailed information on the strides made to rescue Mexico's energy sector would be provided but that a lot of good work was being carried out at Pemex, the report notes. EFE News says that the president did not indicate if the investment agreements signed, thus far, are the same ones the CNH oil regulator approved for the development of the CardenasMora and Ogarrio onshore fields in partnership with Egyptian oil company Cheiron and Germany's DEA Deutsche Erdoel, respectively, in an amount exceeding $1.44 billion. Those projects are the fruit of a landmark 2013 energy-sector overhaul that ended the state company's production monopoly, the report notes. On Feb. 15, Mexico's government announced a series of extraordinary measures to bolster the struggling state oil company, the report discloses. Including the savings expected from the government's crackdown on fuel theft, the total aid package is to amount to MXN107 billion ($5.56 billion) this year, the report relays. The measures include a MNX25-billion injection of funds from this year's budget, an advance MXN35-billion transfer payment from the Finance Secretariat to Pemex to assist the company in covering its pension liabilities and an increase in Pemex's tax relief through a greater allowance for deductions, the report discloses. But a few days later, the credit rating agency Moody's said in a report that the plan would adversely affect the country's credit profile, the report says. "The need to support Pemex is credit negative for the sovereign: not only will the additional tax relief for Pemex eat into government revenues, but more importantly, if market sentiment does not improve, Pemex will require additional sovereign support in 2020 and beyond, further eroding government finances," the credit rating agency said, the report notes. Earlier this month, another big-three credit rating agency, Standard & Poor's, changed its outlook for both Mexico's and Pemex's credit rating from stable to negative. "The government's financial support, in order to restore credit fundamentals, falls well short of the company's multi-annual capital investment needs," S&P said in a statement obtained by the news agency. Pemex reported a net loss last year of $7.55 billion, although that was an improvement over the company's $14.27 billion net loss in 2017, the report relays. The company, which holds around $106 billion in financial debt, is in a precarious situation due to, among other reasons, a steep drop in production to an average of just 1.71 million barrels per day in December (down from an average of 3.38 million bpd in 2004), the report notes. It also suffers from aging infrastructure, while budget cuts by the previous government slashed funds needed for oil exploration, the report adds. * * * As reported in the Troubled Company Reporter on Oct. 05, 2016, Mexican Petroleum filed its report on form 6-K, disclosing a net loss of MXN145.47 billion on MXN480.70 billion of total sales for the six-month period ended June 30, 2016, compared to a net loss of MXN185.18 billion on MXN588.36 billion of total sales for the same period in the prior year. As of June 30, 2016, the Company had MXN2.05 trillion in total assets, MXN3.50 trillion in total liabilities and a total stockholders' deficit of MXN1.44 trillion. The Company has experienced recurring losses from its operations and have negative working capital and negative equity, which raises substantial doubt regarding its ability to continue as a going concern. ===================== P U E R T O R I C O ===================== BAILEY'S EXPRESS: Plan Admin Selling Remnant Assets to Oak for $5K ------------------------------------------------------------------ David Allen, the Plan Administrator appointed for Bailey's Express Inc.'s bankruptcy estate, asks the U.S. Bankruptcy Court for the District of Connecticut to authorize the sale of remnant assets, consisting of known or unknown assets or claims, which have not been previously sold, assigned, or transferred, to Oak Point Partners, LLC, for $5,000, free and clear of liens, claims, interests and encumbrances. The Plan Administrator is now in the process of winding down the administration of the case. To that end, he is engaged in efforts to ensure that the maximum value of the Estate's remaining assets is realized, which efforts include pursuing the sale of any remaining assets. The Plan Administrator has determined that there might exist property of the Debtor's Estate, consisting of the Remnant Assets. Potential unknown assets might include unscheduled refunds, overpayments, deposits, judgments, claims, or other payment rights that would accrue in the future. The Plan Administrator has conducted due diligence and remains unaware of the existence of any Remnant Assets, and certainly none that could return value to the Estate greater than the Purchase Price. Accordingly, the Plan Administrator has determined that the cost of pursuing the Remnant Assets will likely exceed the benefit that the Estate would possibly receive on account of the Remnant Assets. The Remnant Asset sales have become commonplace at the close of commercial bankruptcy cases because they allow for additional funds to be brought into the estate, while simultaneously avoiding the expense and burdens associated with reopening cases for later-discovered assets. Such sales provide a prudent way to fully and finally administer all assets of the Debtor's estate. The Plan Administrator and Oak Point have negotiated their Purchase Agreement for the sale of the Remnant Assets. The Purchase Agreement generally provides for a purchase price of $5,000 for all Remnant Assets to be paid by Oak Point to the Plan Administrator for the benefit of the Debtor's Estate. In accordance with the Purchase Agreement, the Remnant Assets do not include (i) cash held by the Plan Administrator for distribution to creditors and professionals; (ii) any and all Goods1 (e.g., office furniture) of the Debtor; (iii) the claims, and related proceeds, asserted by the Plan Administrator in the adversary proceedings pending in the Court, as follows: Adv. Proc. Nos. 18-03008, 18-03009, and 18-03025; (iv) any and all claims against the John Marshall Hall Marital Trust; (v) the utility deposits held by the following service providers: (a) Eversource, in the amount of $1,075 relating to Account No. 5141 815 2039, and in the amount of $1,475 relating to Account No. 5753 305 0035; (b) Comcast, in the amount of $197.59 relating to Account No. 8773403710631528; (c) AT&T, in the amount of $45.60 relating to Account No. 824361079; (d) Frontier Communications, in the amount of $1,586.47 relating to Account No. 203-078-0299-101696-5; (e) Verizon Wireless, in the amount of $2,315.68 relating to Account No. 942040506-00001; and (f) Tuxis-Ohr's Fuel, if any currently held, relating to Account No. 6320388; (vi) anticipated refund from Liberty Mutual Insurance relating to policy numbers: YU2-211-001921-068 and TBC-211-001621-668; and (vii) the Purchase Price for the Remnant Assets. The proceeds of the Sale will be deposited in the distribution account and disbursed in accordance with the Plan. In the Plan Administrator's business judgment, the Purchase Price represents a fair and reasonable sales price for the Remnant Assets, and represents the highest and best offer for the sale of the Remnant Assets. Additionally, the benefit of receiving immediate payment for the Remnant Assets, which are largely unknown, outweighs the potential benefit of retaining the Remnant Assets. Finally, the Plan Administrator believes that the cost of pursuing the Remnant Assets will likely exceed the benefit that the Estate would possibly receive. While the Plan Administrator is prepared to consummate the sale of the Remnant Assets to Oak Point pursuant to the terms set forth herein and in the Purchase Agreement, in the event a party other than Oak Point wishes to purchase the Remnant Assets, the Plan Administrator requests that the Court approve the following overbid procedures: a. Each Competing Bidder who wants to participate in the overbid process must notify the Plan Administrator of her intention to do so in accordance with the Notice on or before the Response Deadline; b. the first overbid for the Remnant Assets by a Competing Bidder must be at least $2,500 more than the Purchase Price, or a total of $7,500; c. each Competing Bidder must submit a Cashier's Check to the Plan Administrator in the amount of such Competing Bidder's first overbid at the time such overbid is made; d. each subsequent overbid for the Remnant Assets must be in additional increments of $1,000, unless otherwise agreed by the parties or directed by the Court; e. the bidder must purchase the Remnant Assets under the same terms and conditions set forth in the Purchase Agreement, other than the purchase price; and f. in the event of an overbid that meets the foregoing conditions, the Plan Administrator will schedule an auction of the Remnant Assets in advance of the hearing date and will request that the Court approve the winning bidder at the auction as the purchaser at the hearing on the Motion. To successfully implement the Purchase Agreement, the Plan Administrator also asks a waiver of the 14-day stay under Bankruptcy Rule 6004(h). A copy of the Agreement attached to the Motion is available for free at: http://bankrupt.com/misc/Baileys_Express_537_Sales.pdf About Bailey's Express Headquartered in Middletown, Connecticut, Bailey's Express -- http://www.baileysxpress.com/-- is a Connecticut-based less than truckload carrier. It provides service across the nation and is dedicated in helping Connecticut, Massachusetts and Rhode Island companies market their products throughout the U.S. including Hawaii and Alaska. It has distribution points in Charlotte, Dallas, Denver, Easton, Fontana, Indianapolis, Jacksonville, Memphis, Neenah, Phoenix, Salt Lake City and Toledo. It also provides service to Mexico, Puerto Rico & Canada. Bailey's Express filed for Chapter 11 bankruptcy protection (Bankr. D. Conn. Case No. 17-31042) on July 13, 2017. In the petition signed by CFO David Allen, the Debtor estimated its assets and liabilities at between $1 million and $10 million. The Hon. Ann M. Nevins is the case judge. Elizabeth J. Austin, Esq., and Jessica Grossarth Kennedy, Esq., at Pullman & Comley, LLC, serve as the Debtor's bankruptcy counsel. No creditors' committee was appointed in the case. On Jan. 12, 2018, the court confirmed the Debtor's Chapter 11 plan of liquidation. Pursuant to the plan, David Allen was deemed the plan administrator for the Debtor's estate. CONDUENT INC: S&P Ups ICR to BB+ on Settlement with Texas --------------------------------------------------------- S&P Global Ratings on March 6 raised its issuer credit rating on Conduent Inc. to 'BB+' from 'BB'. At the same time, S&P raised its issue-level rating on the company's first-lien debt to 'BBB-' from 'BB+' and its issue-level rating on its senior unsecured notes to 'BB' from 'BB-'. Its recovery ratings remain unchanged. The rating actions follow an announcement by Conduent of a $235 million settlement with the State of Texas, which, S&P said, has provided some visibility into its litigation exposure. Additionally, the company has completed its divestiture plan through the sale of its portfolio of select stand-alone customer care contracts. Therefore, the company has now eliminated the legacy assets related to its spin-off from Xerox and is well positioned to focus on growing its core businesses, according to S&P. "The upgrade reflects our improved visibility into Conduent's litigation exposure stemming from allegations of violations under the Texas Medicaid Fraud Prevention Act. We believe the company has ample liquidity to address the announced settlement without affecting our forecast leverage metrics," S&P said. "The company continues to provide medical management and fiscal agent care management services to Medicaid programs in 24 states, Puerto Rico, and the District of Columbia, which indicates that the investigation has only modestly impaired its brand and operations." S&P said the stable outlook on Conduent reflects its expectation for additional revenue declines through 2019 due to the recently closed divestitures and contract remediation process, which will be somewhat offset by modest contributions from new business wins. The stable outlook also reflects S&P's expectation that these declines will be further offset by modest margin expansion in 2019 and management's disciplined financial policy, which will allow the company to maintain leverage in the mid-2x area. S&P said it could lower its ratings on Conduent if an unforeseen steep drop in its EBITDA caused its S&P Global Ratings-adjusted leverage to rise above 3.0x on a sustained basis. Such a scenario could occur if the company encounters unforeseen operational issues, pricing pressure from escalating competition, ineffective expense management, unfavorable reputational developments, or a substantial loss of customers. S&P said this could also occur if Conduent adopted a more aggressive financial policy than it forecasts in its base-case scenario. "Although unlikely over the next year, we could raise our ratings on Conduent if its operations perform significantly above our expectations through a meaningful increase in its scale and strong cross selling by its newly reorganized sales force, which improves the company's EBITDA growth and enables it to sustain debt to EBITDA of less than 2x," S&P said. "To be considered for an upgrade we expect the company to commit to a financial policy maintaining S&P-adjusted leverage to below 2.0x on a sustained basis." PRINT PLUS: Hires Landrau Rivera & Associates as Legal Counsel -------------------------------------------------------------- Print Plus Corporation seeks authority from the U.S. Bankruptcy Court for the District of Puerto Rico to hire Landrau Rivera & Assoc. and its attorney Noemi Landrau River, Esq., as its legal counsel. The services to be rendered by the firm are: a. advise the Debtor of its duties, powers and responsibilities in connection with its Chapter 11 case under the laws of the United States and Puerto Rico; b. advise the Debtor whether a reorganization is feasible and, if not, aid the Debtor in the orderly liquidation of its assets; c. represent the Debtor in negotiations with its creditors to formulate a plan of reorganization; d. employ other bankruptcy professionals to assist with the Debtor's financial reorganization; and e. provide other legal services in connection with the Debtor's bankruptcy case. The firm's hourly rates are: Noemi Landrau Rivera $200 Josue A. Landrau Rivera $175 Legal & financial assistants $75 Ms. Rivera attests that she and her firm are disinterested persons within the definition provided by Section 101(14) of the Bankruptcy Code. The firm can be reached through: Noemi Landrau Rivera, Esq. Landrau Rivera & Associates Carr. 21, Km. 3.2 Bp. Monacillos P.O. Box 270219 San Juan, PR 00927-0219 Tel: (787) 774-0224 Fax: (787) 793-1004 About Print Plus Corporation Print Plus Corporation is a Puerto Rican company, located in the stately city of Ponce. Print Plus offer services such as printing, labeling, embroidery and t-shirt printing, and designing web pages. Print Plus filed a Chapter 11 petition (Bankr. D.P.R. Case No. 19-00797) on February 15, 2019, listing under $1 million in both assets and liabilities. The case has been assigned to Judge Edward .Godoy. The Debtor tapped Noemi Landrau Rivera, Esq., as its counsel. =============== X X X X X X X X =============== [*] BOND PRICING: For the Week March 4 to March 8, 2019 ------------------------------------------------------- Issuer Name Cpn Price Maturity Country Curr ----------- --- ----- -------- ------- --- Odebrecht Finance Ltd 7.5 39.15 KY USD CSN Islands XII Corp 7 69.44 BR USD Agua y Saneamientos 6.625 71.982 2/1/2023 AR USD Banco Macro SA 17.5 50 5/8/2022 AR ARS YPF SA 16.5 50.96 5/9/2022 AR ARS Odebrecht Finance Ltd 4.37 35.715 4/25/2025 KY USD 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 ********* 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 2019. 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. . * * * End of Transmission * * *