TCRLA_Public/091019.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 19, 2009, Vol. 10, No. 206

                            Headlines

A N T I G U A  &  B A R B U D A

STANFORD INT'L: SFG Receiver Sues Firm's Ex-Employees for US$11MM
STANFORD INT'L: SEC's Watchdog to Revisit Handling Firm's Probes


A R G E N T I N A

ALUVAN SA: Creditors' Proofs of Debt Due on December 2
COMPATIA FOTOGRAFICA: Creditors' Proofs of Debt Due on November 23
ECOPET PLANET: Creditors' Proofs of Debt Due on December 14
GUMPY SRL: Creditors' Proofs of Debt Due on November 17
INTERCOM EDITORIAL: Creditors' Proofs of Debt Due on December 1

SUDAMERICANA DE SELLOS: Creditors' Proofs of Debt Due on Oct. 26
TOP CARGO: Creditors' Proofs of Debt Due on November 25


B A H A M A S

CALEDONIA CORPORATE: Liquidators Involved in Fee Battle


B E R M U D A

ARB INTERNATIONAL: Creditors' Proofs of Debt Due on October 30
ARB INTERNATIONAL: Members' Final Meeting Set for November 20
PRIME INSURANCE: Court to Hear Wind-Up Petition on October 30
SII LIMITED: Creditors' Proofs of Debt Due on October 23
SII LIMITED: Members' Final Meeting Set for November 16


B R A Z I L

BANCO DO BRASIL: Plans to Buy Stake in Brasil RE SA
GERDAU AMERISTEEL: To Make 30 Jobs Redundant at Mill
PETROLEO BRASILEIRO: Output Affected Amid 25% Workforce on Strike
TAM SA: Plans to Sell Dollar Bonds in Overseas Markets


C A Y M A N  I S L A N D S

ALTITUDE VALUE: Creditors' Proofs of Debt Due on October 28
ARLOS BOND: Creditors' Proofs of Debt Due on October 28
ASHANTI CAPITAL: Placed Under Voluntary Liquidation
ASHANTI GSM: Placed Under Voluntary Liquidation
CANTILLON US: Creditors' Proofs of Debt Due on October 28

CLIFF HOUSE: Creditors' Proofs of Debt Due on October 28
COMBINATION FINANCE: Creditors' Proofs of Debt Due on October 28
J-W CAYMAN: Creditors' Proofs of Debt Due on October 28
KINGSMEAD SPECIAL: Creditors' Proofs of Debt Due on October 28
KINGSMEAD SPECIAL: Creditors' Proofs of Debt Due on October 28

KINGSMEAD SPECIAL: Creditors' Proofs of Debt Due on October 28
LA COLINA: Creditors' Proofs of Debt Due on October 29
MGH SAPPHIRE: Creditors' Proofs of Debt Due Today
MERLIN III: Creditors' Proofs of Debt Due on October 28
MRA OFFSHORE: Creditors' Proofs of Debt Due Today

ORIGAMI LTD: Creditors' Proofs of Debt Due on October 28
OSAKA SME: Creditors' Proofs of Debt Due on October 28
REGENT WESTERN: Creditors' Proofs of Debt Due Today
SCORPIUS CDO: Creditors' Proofs of Debt Due on October 28
WESTERMAN HOLDING: Creditors' Proofs of Debt Due on October 28


C H I L E

BHP BILLITON: Spence Mine Copper Producing at "Slower Rate"


J A M A I C A

JAMAICA PUBLIC SERVICE: May Net JM$5BB From New Rates in 1st Year
KES DEV'T: Liquidator Quits; JMB May Cash on in Owner's Assets
SUPREME VENTURES: Makes 20 Villagio Gaming Positions Redundant
* JAMAICA: Renewed Hope For Local Mining Sector


V E N E Z U E L A

* VENEZUELA: Hilton Hotel Owners "Were Cheeky", Chavez Says


X X X X X X X X

* BOND PRICING: For the Week October 12 to October 16, 2009


                         - - - - -


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


STANFORD INT'L: SFG Receiver Sues Firm's Ex-Employees for US$11MM
-----------------------------------------------------------------
Stanford Financial Group court-appointed receiver, Ralph Janvey,
has sued two ex-employees of Robert Allen Stanford's international
bank for US$11 million, United Press International reports.

According to the report, citing a complaint filed in U.S. District
Court in Dallas, Mr. Janvey said that the money, allegedly
funneled to Christopher Aitken and Stephen Thacker to hide it from
creditors, should be returned to investors who bought certificates
of deposit from the Stanford International Bank Limited.  The
report relates that the complaint alleges Mr. Aitken received
nearly US$8.7 million, and Mr. Thacker received nearly US$2.6
million -- both when they joined the firm last November.

The lawsuit, the report notes, said that Mr. Aitken and Mr.
Thacker, employed there for only three months, left "no indication
that they provided any meaningful services."

                About Stanford International Bank

Domiciled in Antigua, Stanford International Bank Limited --
http://www.stanfordinternationalbank.com/-- is a member of
Stanford Private Wealth Management, a global financial services
network with US$51 billion in deposits and assets under management
or advisement.  Stanford Private Wealth Management serves more
than 70,000 clients in 140 countries.

On February 16, 2009, the United States District Court for the
Northern District of Texas, Dallas Division, signed an order
appointing Ralph Janvey as receiver for all the assets and records
of Stanford International Bank, Ltd., Stanford Group Company,
Stanford Capital Management, LLC, Robert Allen Stanford, James M.
Davis and Laura Pendergest-Holt and of all entities they own or
control.  The February 16 order, as amended March 12, 2009,
directs the Receiver to, among other things, take control and
possession of and to operate the Receivership Estate, and to
perform all acts necessary to conserve, hold, manage and preserve
the value of the Receivership Estate.

The U.S. Securities and Exchange Commission, on Feb. 17, charged
before the U.S. District Court in Dallas, Texas, Mr. Stanford and
three of his companies for orchestrating a fraudulent, multi-
billion dollar investment scheme centering on an US$8 billion
Certificate of Deposit program.

A criminal case was pursued against him in June before the U.S.
District Court in Houston, Texas.  Mr. Stanford pleaded not guilty
to 21 charges of multi-billion dollar fraud, money-laundering and
obstruction of justice.  Assistant Attorney General Lanny Breuer,
as cited by Agence France-Presse News, said in a 57-page
indictment that Mr. Stanford could face up to 250 years in prison
if convicted on all charges.  Mr. Stanford surrendered to U.S.
authorities after a warrant was issued for his arrest on the
criminal charges.

The criminal case is U.S. v. Stanford, H-09-342, U.S. District
Court, Southern District of Texas (Houston). The civil case is SEC
v. Stanford International Bank, 3:09-cv-00298-N, U.S. District
Court, Northern District of Texas (Dallas).


STANFORD INT'L: SEC's Watchdog to Revisit Handling Firm's Probes
----------------------------------------------------------------
Jesse Westbrook at Bloomberg News reports that the U.S. Securities
and Exchange Commission’s internal watchdog is taking a fresh look
at agency investigations of the multi-billion Ponzi scheme
allegedly carried out by Robert Allen Stanford.

According to the report, SEC Inspector General H David Kotz said
he is conducting the review in response to a request from US
Senators Richard Shelby and David Vitter that he do a more
“comprehensive and complete investigation.”

“A failure to thoroughly investigate this matter would be
detrimental to the interests of the thousands of Stanford
victims,” Alabama’s Senator Shelby and Louisiana’s Senator Vitter
wrote in a letter, the report recalls.

In an interview with the news agency, Mr. Kotz said his office has
already begun the review.  The report relates that Mr. Kotz said
his examination triggers new scrutiny of the SEC’s investigative
prowess as it tries to restore confidence among investors and
lawmakers.

According to the report Senators Shelby and Vitter asked that Mr.
Kotz interview current and former SEC employees who investigated
Mr. Stanford, review e-mails that mentioned his business and
examine agency communications with brokerage regulators and other
government agencies.  The report relates that the lawmakers also
asked Mr. Kotz to assess whether anyone exerted pressure on the
SEC and whether the agency “made decisions regarding Mr. Stanford
that were not based on legitimate policy considerations.”

Bloomberg, citing Senator Shelby and Vitter's letter, notes that
Mr. Kotz’s findings will assist Congress as it considers
legislative reforms that will ensure regulators “more quickly
detect and shut down” Ponzi schemes.  “We fully cooperate with the
Inspector General in any of his investigations,” the report quoted
SEC spokesman Kevin Callahan as saying.  “He has independence with
respect to his choice of what to investigate,” Mr. Callahan added.

                About Stanford International Bank

Domiciled in Antigua, Stanford International Bank Limited --
http://www.stanfordinternationalbank.com/-- is a member of
Stanford Private Wealth Management, a global financial services
network with US$51 billion in deposits and assets under management
or advisement.  Stanford Private Wealth Management serves more
than 70,000 clients in 140 countries.

On February 16, 2009, the United States District Court for the
Northern District of Texas, Dallas Division, signed an order
appointing Ralph Janvey as receiver for all the assets and records
of Stanford International Bank, Ltd., Stanford Group Company,
Stanford Capital Management, LLC, Robert Allen Stanford, James M.
Davis and Laura Pendergest-Holt and of all entities they own or
control.  The February 16 order, as amended March 12, 2009,
directs the Receiver to, among other things, take control and
possession of and to operate the Receivership Estate, and to
perform all acts necessary to conserve, hold, manage and preserve
the value of the Receivership Estate.

The U.S. Securities and Exchange Commission, on Feb. 17, charged
before the U.S. District Court in Dallas, Texas, Mr. Stanford and
three of his companies for orchestrating a fraudulent, multi-
billion dollar investment scheme centering on an US$8 billion
Certificate of Deposit program.

A criminal case was pursued against him in June before the U.S.
District Court in Houston, Texas.  Mr. Stanford pleaded not guilty
to 21 charges of multi-billion dollar fraud, money-laundering and
obstruction of justice.  Assistant Attorney General Lanny Breuer,
as cited by Agence France-Presse News, said in a 57-page
indictment that Mr. Stanford could face up to 250 years in prison
if convicted on all charges.  Mr. Stanford surrendered to U.S.
authorities after a warrant was issued for his arrest on the
criminal charges.

The criminal case is U.S. v. Stanford, H-09-342, U.S. District
Court, Southern District of Texas (Houston). The civil case is SEC
v. Stanford International Bank, 3:09-cv-00298-N, U.S. District
Court, Northern District of Texas (Dallas).


=================
A R G E N T I N A
=================


ALUVAN SA: Creditors' Proofs of Debt Due on December 2
------------------------------------------------------
The court-appointed trustee for Aluvan S.A.'s bankruptcy
proceedings, will be verifying creditors' proofs of claim until
December 2, 2009.

The trustee will present the validated claims in court as
individual reports on February 17, 2010.  The National Commercial
Court of First Instance in Buenos Aires will determine if the
verified claims are admissible, taking into account the trustee's
opinion, and the objections and challenges that will be raised by
the company and its creditors.

Inadmissible claims may be subject to appeal in a separate
proceeding known as an appeal for reversal.

A general report that contains an audit of the company's
accounting and banking records will be submitted in court on
April 5, 2010.


COMPATIA FOTOGRAFICA: Creditors' Proofs of Debt Due on November 23
------------------------------------------------------------------
The court-appointed trustee for Compatia Fotografica Sureata
S.A.'s bankruptcy proceedings, will be verifying creditors' proofs
of claim until November 23, 2009.


ECOPET PLANET: Creditors' Proofs of Debt Due on December 14
-----------------------------------------------------------
The court-appointed trustee for Ecopet Planet S.R.L.'s bankruptcy
proceedings, will be verifying creditors' proofs of claim until
December 14, 2009.

The trustee will present the validated claims in court as
individual reports on February 26, 2010.  The National Commercial
Court of First Instance in Buenos Aires will determine if the
verified claims are admissible, taking into account the trustee's
opinion, and the objections and challenges that will be raised by
the company and its creditors.

Inadmissible claims may be subject to appeal in a separate
proceeding known as an appeal for reversal.

A general report that contains an audit of the company's
accounting and banking records will be submitted in court on
April 13, 2010.


GUMPY SRL: Creditors' Proofs of Debt Due on November 17
-------------------------------------------------------
The court-appointed trustee for Gumpy SRL's reorganization
proceedings, will be verifying creditors' proofs of claim until
November 17, 2009.

The trustee will present the validated claims in court as
individual reports on February 9, 2010.  The National Commercial
Court of First Instance in Buenos Aires will determine if the
verified claims are admissible, taking into account the trustee's
opinion, and the objections and challenges that will be raised by
the company and its creditors.

Inadmissible claims may be subject to appeal in a separate
proceeding known as an appeal for reversal.

A general report that contains an audit of the company's
accounting and banking records will be submitted in court on
April 13, 2010.


INTERCOM EDITORIAL: Creditors' Proofs of Debt Due on December 1
---------------------------------------------------------------
The court-appointed trustee for Intercom Editorial S.R.L.'s
bankruptcy proceedings, will be verifying creditors' proofs of
claim until December 1, 2009.

The trustee will present the validated claims in court as
individual reports on February 18, 2010.  The National Commercial
Court of First Instance in Buenos Aires will determine if the
verified claims are admissible, taking into account the trustee's
opinion, and the objections and challenges that will be raised by
the company and its creditors.

Inadmissible claims may be subject to appeal in a separate
proceeding known as an appeal for reversal.

A general report that contains an audit of the company's
accounting and banking records will be submitted in court on
April 5, 2010.


SUDAMERICANA DE SELLOS: Creditors' Proofs of Debt Due on Oct. 26
----------------------------------------------------------------
The creditors of Sudamericana de Sellos S.A. are required to file
their proofs of debt by October 26, 2009, to be included in the
company's dividend distribution.


TOP CARGO: Creditors' Proofs of Debt Due on November 25
-------------------------------------------------------
The court-appointed trustee for Top Cargo S.A.'s bankruptcy
proceedings, will be verifying creditors' proofs of claim until
November 25, 2009.

The trustee will present the validated claims in court as
individual reports on February 5, 2010.  The National Commercial
Court of First Instance in Buenos Aires will determine if the
verified claims are admissible, taking into account the trustee's
opinion, and the objections and challenges that will be raised by
the company and its creditors.

Inadmissible claims may be subject to appeal in a separate
proceeding known as an appeal for reversal.

A general report that contains an audit of the company's
accounting and banking records will be submitted in court on
March 19, 2010.


=============
B A H A M A S
=============


CALEDONIA CORPORATE: Liquidators Involved in Fee Battle
-------------------------------------------------------
Caledonia Corporate Management court-appointed receiver, Anthony
Kikivarakis, a partner of the Deloitte & Touche (Bahamas), alleged
that he has become involved in "a long, drawn-out battle" over his
fee that resulted in him and his attorneys taking an 11% and
20.83% cut respectively, after Emerick Knowles, attorney and
partner with Alexiou, Knowles & Co, who is representing several
Caledonia clients, objected to the payments being claimed, Neil
Hatnell at Tribune Business reports.

The Tribune relates that Mr. Kikivarakis' third report to the
Supreme Court detailed how Caledonia clients, and the committee
representing their interests, objected to the payment of some
BS$43,000, shared between three attorneys, to cover their
appearance costs in hearings to determine Mr. Kikivarakis's fees,
and those of his attorneys.  The Tribune notes that the BS$43,000
came out of the Caledonia Clients Security Account, into which all
the Bahamian broker/dealer's clients had been required by the
Supreme Court to pay a sum equivalent to 2% of their assets to
cover the liquidator's costs.

According to the Tribune, Mr. Kikivarakis' report noted how he
sought leave from the Supreme Court to pay the fees and expenses
incurred by himself, his attorney, former PLP MP Alfred Sears, and
his agents between February 4-6, 2009.  The Tribune relates that
the fees had to be taxed and approved by the Supreme Court.

However, the Tribune notes, Mr. Knowles challenged "the notice
period and the taxation process".  The Tribune relates that  Mr.
Knowles also allegedly challenged the "format of invoices"
submitted by Mr. Kikivarakis and the liquidator's Canadian
attorneys, and requested time to review Mr. Sears' Bill of Costs.

The Tribune recalls that Mr. Kikivarakis said he finally appeared
before the Deputy Registrar three times but the meetings were
fruitless.

"The taxation was challenging to say the least and resulted in my
agents and I, and attorneys, spending a significant amount of time
and effort to have our fees and expenses approved for payment,
when such time could have been spent complying with the Supreme
Court orders to transfer 90 per cent of clients' assets to them,"
the report quoted Mr. Kikivarakis as saying.  "In my opinion, what
should have been a simple matter became a long, drawn-out battle,"
Mr. Kikivarakis added.


=============
B E R M U D A
=============


ARB INTERNATIONAL: Creditors' Proofs of Debt Due on October 30
--------------------------------------------------------------
The creditors of ARB International Ltd. are required to file their
proofs of debt by October 30, 2009, to be included in the
company's dividend distribution.

The company commenced wind-up proceedings on October 7, 2009.

The company's liquidator is:

          Nigel J.S. Chatterjee
          PricewaterhouseCoopers Advisory Limited
          Dorchester House, 7 Church Street
          Hamilton


ARB INTERNATIONAL: Members' Final Meeting Set for November 20
-------------------------------------------------------------
The members of ARB International Ltd. will hold their final
general meeting on November 20, 2009, at 10:00 a.m., to receive
the liquidator's report on the company's wind-up proceedings and
property disposal.

The company commenced wind-up proceedings on October 7, 2009.

The company's liquidator is:

          Nigel J.S. Chatterjee
          PricewaterhouseCoopers Advisory Limited
          Dorchester House, 7 Church Street
          Hamilton


PRIME INSURANCE: Court to Hear Wind-Up Petition on October 30
-------------------------------------------------------------
A petition to wind up the operations of Prime Insurance Group
Limited will be heard before the Supreme Court of Bermuda on
October 30, 2009, at 9:30 a.m.


SII LIMITED: Creditors' Proofs of Debt Due on October 23
--------------------------------------------------------
The creditors of SII Limited are required to file their proofs of
debt by October 23, 2009, to be included in the company's dividend
distribution.

The company commenced wind-up proceedings on October 1, 2009.

The company's liquidator is:

          Robin J. Mayor
          Clarendon House
          Church Street, Hamilton
          Bermuda


SII LIMITED: Members' Final Meeting Set for November 16
-------------------------------------------------------
The members of SII Limited will hold their final general meeting
on November 16, 2009, at 9:30 a.m., to receive the liquidator's
report on the company's wind-up proceedings and property disposal.

The company commenced wind-up proceedings on October 1, 2009.

The company's liquidator is:

          Robin J. Mayor
          Clarendon House
          Church Street, Hamilton
          Bermuda


===========
B R A Z I L
===========


BANCO DO BRASIL: Plans to Buy Stake in Brasil RE SA
---------------------------------------------------
Banco do Brasil SA has initiated talks to buy a stake in
government-controlled reinsurance unit Brasil RE SA (IRB), Rogerio
Jelmayer at Dow Jones Newswires reports.  Banco do Brasil did not
disclose the timetable for the negotiations nor the planned stake
size.

According to the report, the announcement came amid a
restructuring by Banco do Brasil of its insurance and pension
units; which is aimed for the insurance and pension units to
supply 25% of Banco do Brasil's profit, up from a current 12%.

Dow Jones notes that IRB is a reinsurance group with total assets
worth BRL10.4 billion Brazilian (US$6 billion).

Banco do Brasil SA is Brazil's federal bank and is the largest in
Latin America with some 20 million clients and more than 7,000
points of sale (3,200 branches) in Brazil, and 34 offices and
partnerships in 26 other countries.  In addition to its
traditional retail banking services, Banco do Brasil underwrites
and sells bonds, conducts asset trading, offers investors
portfolio management services, conducts financial securities
advising, and provides market analysis and research.

                           *     *     *

As reported by the Troubled Company Reporter-Latin America on
Jan. 20, 2009, Fitch Ratings affirmed Banco do Brasil S.A.'s
Individual Rating at 'C/D'.


GERDAU AMERISTEEL: To Make 30 Jobs Redundant at Mill
----------------------------------------------------
Gerdau Ameristeel Corporation will begin its layoff exercise at
its Sand Springs mill as the 60-day notification period required
by the Worker Adjustment & Retraining Notification Act expired
last week, Bartlesvillelive reports.

According to the report, the company has gradually implemented
lay-offs at the mill since mid-September.  The report relates any
employee not involved in the continued idling of the mill or on a
retention package will be laid off.  Around 30 employees will
maintain their jobs at the mill.

The report says that Gerdau Ameristeel continues to analyze a
proposal submitted by the State of Oklahoma to maintain steel
production in the state and will make no final decision on the
matter until all factors are carefully considered.

                    About Gerdau Ameristeel

Headquartered in Tampa, Florida, Gerdau Ameristeel Corporation
(NYSE: GNA; TSX: GNA.TO) -- http://www.ameristeel.com/-- is a
mini-mill steel producer in North America.  The company's products
are sold to steel service centers, steel fabricators, or directly
to original equipment manufactures for use in a variety of
industries, including construction, cellular and electrical
transmission, automotive, mining and equipment manufacturing.

                          *     *     *

As reported in the Troubled Company Reporter on April 20, 2009,
Standard & Poor's Ratings Services placed its ratings, including
its 'BB+' corporate credit rating, on Tampa, Florida-based Gerdau
Ameristeel Corp. on CreditWatch with negative implications.


PETROLEO BRASILEIRO: Output Affected Amid 25% Workforce on Strike
-----------------------------------------------------------------
Petroleo Brasileiro SA workers representing about one-fourth of
the company's employees went on strike after failing to reach an
agreement on a pay increase, Lucia Kassai at Bloomberg News
reports, citing Edson Munhoz, legal director at the Rio de
Janeiro-based Sindipetro union.

About 10,000 workers began striking at several units throughout
Brazil, Mr. Munhoz told the news agency in a telephone interview.
The report relates that Mr. Munhoz said the company's refinery
production was affected but declined to elaborate on the amount.
“Production at the refineries has slowed,” the report quoted
Mr. Munhoz as saying.  “Workers in seven states have joined the
stoppage,” Mr. Munhoz added.

According to the report, Mr. Munhoz said that the workers are
seeking a 16% increase in wages, plus inflation losses, while
Petrobras is offering a 4.9% increase.

Petrobras is maintaining production during the strike, the Rio de
Janeiro-based company said an e-mailed statement obtained by the
news agency.  The report relates Joao Antonio Moraes, a
coordinator at the Rio de Janeiro-based FUP union, said that an
additional 10,000 workers are scheduled to start a so-called
slowdown strike on October 17.  “We don’t intend to disrupt
production now, but it doesn’t mean that we can’t disrupt it later
in case we don’t reach an agreement,” the report quoted Mr. Moraes
as saying.

                    About Petroleo Brasileiro

Petroleo Brasileiro S.A., based in Rio de Janeiro, is an
integrated petroleum company and the largest corporation in
Brazil.  The government owns 55.7% of Petrobras's common stock,
and directly and indirectly owns about 43% of Petrobras's common
and preferred shares outstanding.


TAM SA: Plans to Sell Dollar Bonds in Overseas Markets
------------------------------------------------------
Tam SA plans to sell 10-year dollar bonds in overseas markets as
it taps into investor demand for the country’s corporate debt,
Veronica Navarro Espinosa at Bloomberg News reports, citing a
person familiar with the transaction.

According to the report, the company hired Banco Santander SA and
Citigroup Inc. to arrange the bond sale.  The report relates that
Tam SA will begin pitching the notes to investors today,
October 19.

The report notes that Brazilian companies are selling debt in
international credit markets as a recovery in the economy boosts
demand for the securities.  “Brazilian companies are taking
advantage of low costs and great liquidity,” the report quoted
Diego Torres, a debt analyst with ING Groep NV in New York, as
saying.

                           About TAM SA

Based in Sao Paulo, Brazil, TAM S.A. -- http://www.tam.com.br/--
has business agreements with the regional airlines Pantanal,
Passaredo, Total and Trip.  As of Jan. 14, the daily flight on the
Corumba -- Campo Grande route in Mato Grosso do Sul began to be
operated by a partnership with Trip.  With the expansion of the
agreement with NHT, TAM will now be serving 82 destinations in
Brazil, 45 of which with its own flights.  In addition, the
company is strengthening its presence in Rio Grande do Sul and
Santa Catarina.

                           *     *     *

As of June 17, 2009, the company continues to carry Fitch
Ratings' 'BB' Foreign and Local Currency Issuer Default Ratings.
The company also continues to carry Moody's B1 LT Corp Family
Rating and Senior Unsecured Debt Ratings.


==========================
C A Y M A N  I S L A N D S
==========================


ALTITUDE VALUE: Creditors' Proofs of Debt Due on October 28
-----------------------------------------------------------
The creditors of Altitude Value Fund Ltd. are required to file
their proofs of debt by October 28, 2009, to be included in the
company's dividend distribution.

The company commenced wind-up proceedings on September 9, 2009.

The company's liquidator is:

          Walkers Corporate Services Limited
          c/o Anthony Johnson
          Telephone: (345) 914-6314
          Walker House, 87 Mary Street, George Town
          Grand Cayman KY1-9002, Cayman Islands


ARLOS BOND: Creditors' Proofs of Debt Due on October 28
-------------------------------------------------------
The creditors of Arlos Bond Fund Ltd. are required to file their
proofs of debt by October 28, 2009, to be included in the
company's dividend distribution.

The company commenced wind-up proceedings on September 15, 2009.

The company's liquidator is:

          Stuart Sybersma
          c/o Jennifer Chailler
          Deloitte & Touche
          P.O. Box 1787, Grand Cayman KY1-1109
          Cayman Islands
          Telephone: (345) 949-7500
          Facsimile: (345) 949-8258
          e-mail: jchailler@deloitte.com


ASHANTI CAPITAL: Placed Under Voluntary Liquidation
---------------------------------------------------
On September 2, 2009, the sole shareholder of Ashanti Capital
Limited resolved to voluntarily liquidate the company's business.

The company's liquidator is:

          Hendrik Johannes Snyman
          12 Hollin Lane, Tromode Woods
          Braddan, Isle of Man


ASHANTI GSM: Placed Under Voluntary Liquidation
-----------------------------------------------
On September 2, 2009, the sole shareholder of Ashanti GSM Limited
resolved to voluntarily liquidate the company's business.

The company's liquidator is:

          Hendrik Johannes Snyman
          12 Hollin Lane, Tromode Woods
          Braddan, Isle of Man


CANTILLON US: Creditors' Proofs of Debt Due on October 28
---------------------------------------------------------
The creditors of Cantillon U.S. Ltd. are required to file their
proofs of debt by October 28, 2009, to be included in the
company's dividend distribution.

The company commenced wind-up proceedings on September 9, 2009.

The company's liquidator is:

          Walkers Corporate Services Limited
          c/o Anthony Johnson
          Telephone: (345) 914-6314
          Walker House, 87 Mary Street, George Town
          Grand Cayman KY1-9005, Cayman Islands


CLIFF HOUSE: Creditors' Proofs of Debt Due on October 28
--------------------------------------------------------
The creditors of Cliff House Funding Blocker Ltd. are required to
file their proofs of debt by October 28, 2009, to be included in
the company's dividend distribution.

The company commenced wind-up proceedings on September 9, 2009.

The company's liquidator is:

          Walkers Corporate Services Limited
          c/o Anthony Johnson
          Telephone: (345) 914-6314
          Walker House, 87 Mary Street, George Town
          Grand Cayman KY1-9005, Cayman Islands


COMBINATION FINANCE: Creditors' Proofs of Debt Due on October 28
----------------------------------------------------------------
The creditors of Combination Finance are required to file their
proofs of debt by October 28, 2009, to be included in the
company's dividend distribution.

The company commenced wind-up proceedings on September 11, 2009.

The company's liquidator is:

          Darren Riley
          c/o Ellen J. Christian
          Telephone: 345 945-9208
          Facsimile: 345 945-9210
          c/o BNP Paribas Bank & Trust Cayman Limited
          3rd Floor Royal Bank House, Shedden Road
          George Town, Grand Cayman


J-W CAYMAN: Creditors' Proofs of Debt Due on October 28
-------------------------------------------------------
The creditors of J-W Cayman Limited are required to file their
proofs of debt by October 28, 2009, to be included in the
company's dividend distribution.

The company commenced wind-up proceedings on September 3, 2009.

The company's liquidator is:

          Graham Robinson
          Telephone: (345) 949-7576
          Facsimile: (345) 949-8295
          P.O. Box 897, One Capital Place, George Town
          Grand Cayman KY1-1103, Cayman Islands


KINGSMEAD SPECIAL: Creditors' Proofs of Debt Due on October 28
--------------------------------------------------------------
The creditors of Kingsmead Special Opportunities (U.S.) Fund are
required to file their proofs of debt by October 28, 2009, to be
included in the company's dividend distribution.

The company commenced wind-up proceedings on September 11, 2009.

The company's liquidator is:

          Managementplus Limited
          c/o Nicole Ebanks
          Telephone: (345) 943-2295
          Facsimile: (345) 943-2294
          ManagementPlus Limited
          Grand Pavilion Commercial Centre
          1st Floor, 802 West Bay Road
          P.O. Box 31855, Grand Cayman, KY1-1207


KINGSMEAD SPECIAL: Creditors' Proofs of Debt Due on October 28
--------------------------------------------------------------
The creditors of Kingsmead Special Opportunities Fund are required
to file their proofs of debt by October 28, 2009, to be included
in the company's dividend distribution.

The company commenced wind-up proceedings on September 11, 2009.

The company's liquidator is:

          Managementplus Limited
          c/o Nicole Ebanks
          Telephone: (345) 943-2295
          Facsimile: (345) 943-2294
          ManagementPlus Limited
          Grand Pavilion Commercial Centre
          1st Floor, 802 West Bay Road
          P.O. Box 31855, Grand Cayman, KY1-1207


KINGSMEAD SPECIAL: Creditors' Proofs of Debt Due on October 28
--------------------------------------------------------------
The creditors of Kingsmead Special Opportunities Master Fund are
required to file their proofs of debt by October 28, 2009, to be
included in the company's dividend distribution.

The company commenced wind-up proceedings on September 11, 2009.

The company's liquidator is:

          Managementplus Limited
          c/o Nicole Ebanks
          Telephone: (345) 943-2295
          Facsimile: (345) 943-2294
          ManagementPlus Limited
          Grand Pavilion Commercial Centre
          1st Floor, 802 West Bay Road
          P.O. Box 31855, Grand Cayman, KY1-1207


LA COLINA: Creditors' Proofs of Debt Due on October 29
------------------------------------------------------
The creditors of La Colina are required to file their proofs of
debt by October 29, 2009, to be included in the company's dividend
distribution.

The company commenced wind-up proceedings on September 4, 2009.

The company's liquidator is:

          LNR Services Ltd.
          PO Box 958, Morgan & Morgan Building
          Pasea Estate, Road Town
          Tortola, British Virgin Islands


MGH SAPPHIRE: Creditors' Proofs of Debt Due Today
-------------------------------------------------
The creditors of MGH Sapphire Holdings Ltd. are required to file
their proofs of debt today, October 19, 2009, to be included in
the company's dividend distribution.

The company commenced wind-up proceedings on September 9, 2009.

The company's liquidator is:

          Samuel A.D. Young
          Cayman Corporate Centre
          27 Hospital Road, 5th Floor
          Grand Cayman KY1-1109, Cayman Islands


MERLIN III: Creditors' Proofs of Debt Due on October 28
-------------------------------------------------------
The creditors of Merlin III are required to file their proofs of
debt by October 28, 2009, to be included in the company's dividend
distribution.

The company commenced wind-up proceedings on September 8, 2009.

The company's liquidator is:

          CDL Company Ltd.
          P.O. Box 31106, Grand Cayman KY1-1205


MRA OFFSHORE: Creditors' Proofs of Debt Due Today
-------------------------------------------------
The creditors of MRA Offshore Fund Ltd. are required to file their
proofs of debt today, October 19, 2009, to be included in the
company's dividend distribution.

The company commenced wind-up proceedings on September 9, 2009.

The company's liquidator is:

          Samuel A.D. Young
          Cayman Corporate Centre
          27 Hospital Road, 5th Floor
          Grand Cayman KY1-1109, Cayman Islands


ORIGAMI LTD: Creditors' Proofs of Debt Due on October 28
--------------------------------------------------------
The creditors of Origami Ltd are required to file their proofs of
debt by October 28, 2009, to be included in the company's dividend
distribution.

The company commenced wind-up proceedings on September 14, 2009.

The company's liquidator is:

          DMS Corporate Services Ltd.
          c/o Bernadette Bailey-Lewis
          Telephone: (345) 946-7665
          Facsimile: (345) 946-7666
          dms Corporate Services Ltd.
          dms House, 2nd Floor
          P.O Box 1344, Grand Cayman KY1-1108


OSAKA SME: Creditors' Proofs of Debt Due on October 28
------------------------------------------------------
The creditors of Osaka SME Funding Corporation are required to
file their proofs of debt by October 28, 2009, to be included in
the company's dividend distribution.

The company commenced wind-up proceedings on September 15, 2009.

The company's liquidator is:

          Walkers SPV Limited
          c/o Anthony Johnson
          Telephone: (345) 914-6314
          Walker House, 87 Mary Street, George Town
          Grand Cayman KY1-9002, Cayman Islands


REGENT WESTERN: Creditors' Proofs of Debt Due Today
---------------------------------------------------
The creditors of The Regent Western Asset U.S. Dollar Enhanced
Cash Fund, Ltd. are required to file their proofs of debt today,
October 19, 2009, to be included in the company's dividend
distribution.

The company commenced wind-up proceedings on September 14, 2009.

The company's liquidator is:

          Michael B. Zelouf
          10 Exchange Square, Primrose Street
          London EC2A 2EN, United Kingdom


SCORPIUS CDO: Creditors' Proofs of Debt Due on October 28
---------------------------------------------------------
The creditors of Scorpius CDO, Ltd. are required to file their
proofs of debt by October 28, 2009, to be included in the
company's dividend distribution.

The company commenced wind-up proceedings on September 14, 2009.

The company's liquidator is:

          Walkers SPV Limited
          c/o Anthony Johnson
          Telephone: (345) 914-6314
          Walker House, 87 Mary Street, George Town
          Grand Cayman KY1-9002, Cayman Islands


WESTERMAN HOLDING: Creditors' Proofs of Debt Due on October 28
--------------------------------------------------------------
The creditors of Westerman Holding Company Limited are required to
file their proofs of debt by October 28, 2009, to be included in
the company's dividend distribution.

The company commenced wind-up proceedings on September 3, 2009.

The company's liquidator is:

          Graham Robinson
          P.O. Box 897, One Capital Place, George Town
          Grand Cayman KY1-1103, Cayman Islands
          Telephone: (345) 949-7576
          Facsimile: (345) 949-8295


=========
C H I L E
=========


BHP BILLITON: Spence Mine Copper Producing at "Slower Rate"
-----------------------------------------------------------
Nathan Gill at Bloomberg News reports that BHP Billiton Ltd said
copper that output at its 200,000-ton-a- year Spence mine in Chile
continues at a “slower rate” as a strike by workers entered a
fourth day on October 16.

Production was “the same as [October 15],” spokesman Mauro Valdes
responded by text message to questions from Bloomberg News.
Spence produced about 100 metric tons of refined copper yesterday,
compared with a normal average of 700 tons, Spence union president
Andres Ramirez told the news agency in a telephone interview.

As reported in the Troubled Company Reporter-Latin America on
October 16, 2009, Bloomberg News said that BHP Billiton halted
mining at its Spence copper unit in northern Chile after a strike
entered its second day.  BHP is still producing refined copper at
the mine using existing ore stockpiles, London-based spokesman
Ruban Yogarajah said told the news agency in a telephone
interview.  According to the report, citing union spokesman
Francisco Aravena, said that workers at Spence on October 12
unanimously rejected a wage proposal that was less than what
miners received at BHP’s Escondida mine.

                        About BHP Billiton

Australia-based BHP Billiton Limited (NYSE:BHP) --
http://www.bhpbilliton.com/-- is a diversified natural resources
company.  The company has businesses producing alumina and
aluminum, copper, energy (thermal) coal, iron ore, nickel,
manganese, metallurgical coal, oil and gas and uranium, as well as
gold, zinc, lead, silver and diamonds. The company operates in
nine customer sector groups (CSGs): petroleum, aluminum, base
metals, diamonds and specialty products, stainless steel
materials, iron ore; manganese, metallurgical coal, and energy
coal.  In July 2008, the company completed the acquisition of
Anglo Potash Ltd.

                          *     *     *

As reported in the Troubled Company Reporter-Asia Pacific on
February 24, 2009, Bloomberg News said that BHP Billiton Limited
will reduce the number of staff at its Melbourne headquarters by
about 40% as it moves some roles nearer to mining operations.
According to the report, spokeswoman Samantha Evans said BHP wants
to reduce staff at head office to 350 by the end of June, down
from 600 at the close of 2007.


=============
J A M A I C A
=============


JAMAICA PUBLIC SERVICE: May Net JM$5BB From New Rates in 1st Year
-----------------------------------------------------------------
Camilo Thame at the Jamaica Observer reports that Jamaica Public
Service Company's new energy rates will increase its revenue by
38% 2008 levels while securing JM$4.9 billion return on investment
(RIO) for the firm.  The report relates that the Office of
Utilities Regulation, however, has restricted JPSCO to spending
JM$1.1 billion of the return on its loss reduction program.

According to the report, the company had hoped to increase its
non-fuel revenue by as much as 60% in an effort to secure JM$6.9
billion ROI for the first full year of operating through adjusted
rates as high as 97% above the previous rates.  The report relates
that in the company's tariff review submission, JPSCO claimed that
it required JM$37.3 billion in non-fuel revenues for 2009, which
would enable it to secure the desired ROI, but the OUR in its
determination decided that the firm would need only $32.9 billion
to achieve a lower ROI of JM$4.9 billion.  Thus, the report says,
OUR gave JPSCO permission to set energy rates as much as 29%
higher, with big commercial customers feeling the brunt of the
increase.

JPSCO, the report notes, could still attain the substantial
returns despite the lower rate because the regulator decided that
JPS would have significantly less expenses.

The Observer points out that if JPSCO's efficiency levels stay the
same next June, the utility company will have to absorb
approximately 2.3% of the fuel cost.  Otherwise, the report
relates, improving it could lead to better profits and ensure that
JPSCO retains as much of the JM$4.9 billion returns it could get.

                           About JPSCO

Headquartered in Kingston, Jamaica -- https://www.jpsco.com --
Jamaica Public Service Company Limited is an integrated electric
utility company and the sole distributor of electricity in
Jamaica.  The company is engaged in the generation, transmission
and distribution of electricity, and also purchases power from
five Independent Power Producers.  Japanese-based Marubeni
Corporation owns 80 percent of the company.  The Government of
Jamaica and a small group of minority shareholders own the
remaining shares.  JPS currently has roughly 582,000 customers who
are served by a workforce of over 1,600 employees.  The Company
owns and operates 28 generating plants, 54 substations, and
roughly 14,000 kilometers of distribution and transmission lines.

                           *     *     *

As reported in the Troubled Company Reporter-Latin America on
March 9, 2009, Radio Jamaica said JPSCO may shutdown its
operations if the company fails to settle a long-standing dispute
over outstanding payments to employees.  The same report said
employees unions contended the payments are owed for overtime work
and redundancy adjustments from 2001 to 2007, which amounts to
about JM$600 million.


KES DEV'T: Liquidator Quits; JMB May Cash on in Owner's Assets
--------------------------------------------------------------
Ken Tomlinson, the court-appointed receiver for K.E.S. Development
Company, Ltd., quit his post effective October 6, as he fears that
his firm, Business Recovery Services Limited, would find itself
too exposed the company's billion-dollar debts, Jamaica Gleaner
reports.  The report relates that Business Recovery Services is
already facing at least two lawsuits, including one from one of
Jamaica's most powerful companies, bent on recovering debt owed by
KES.

According to the report, Hugh Scott, the founder and executive
chairman of KES Development said that he is in the process of
finding another liquidator through discussions "with other
people."  However, the report relates that Mr. Scott also noted
that it was likely that creditors, of which there are at least 35,
could, through the courts, appoint a liquidator to wind up the
company.

Jamaica Gleaner notes that Jamaica Mortgage Bank, one of two
secured creditors, said while it could exercise the debenture that
it holds, it was considering another strategy -- going after the
personal holdings of Mr. Scott and his wife Elsa.  "In terms of
the company, we don't think there is value there," JMB General
Manager Patrick Thelwell told Wednesday Business, the report
relates.  "We also have a personal guarantee and that is what we
are looking at right now. . . .  We have looked at the company, we
don't see anything there and we are looking at the persons to see
if we need to move on the personal guarantee," the report quoted
Mr. Thelwell as saying.

Mr. Thelwell, the report relates, said that as debenture holder,
JMB could have opted to put the company in receivership, but it
did not want to take on the responsibility such a move implied.
"If you put the company in receivership, you basically take over
the responsibility for the operation of the company and you are
responsible to everybody," the report quoted Mr. Thelwell as
saying.  "It would not be beneficial to us," Mr. Thelwell added.

As reported in the Troubled Company Reporter-Latin America on
August 21, 2009, The Jamaica Glenaer said KES Development Limited
went into voluntary liquidation with more than JM$1 billion in
liabilities.  According to the report, the company, which was
founded by husband-and-wife team Hugh and Elesa Scott, is indebted
to an estimated 40-50 creditors -- with Capital and Credit
Merchant Bank said to be holding a debenture over some of the debt
and CCMB and Jamaica Mortgage Bank together are owed JM$5 million.
The report recalled that Mr. and Mrs. Scotts was advised to placed
their business in liquidation last December after its cash had
virtually dried up with its projects unfinished.  The Scotts, in
their 14 years of business, have done developments in the capital
and around the country, the report said.  The Gleaner related that
one of KES's projects was confiscated by its bankers and placed in
the market in March; while the partially done, and overgrown
construction at Old Stony Hill Road, St Andrew, has been idle for
several years, and is on the market for JM$124 million.

                       About KES Dev't Company

K.E.S. Development Company, Ltd. provides real estate development
services in residential and commercial areas. It offers
engineering, project management, and contracting services. The
company was founded in 1995 and is based in Kingston, Jamaica.


SUPREME VENTURES: Makes 20 Villagio Gaming Positions Redundant
--------------------------------------------------------------
Supreme Ventures Limited has made 20 workers from Villagio Gaming
Lounge redundant, RadioJamaica reports.  The report relates that
the redundancies come in the wake of a restructuring of the
company's Gaming Lounge business operations.

According to the report, Supreme Ventures has decided not to renew
a lease agreement with the Hylton Kingston Hotel for the space
occupied by the Villagio Gaming Lounge on the property.  The
report notes that the restructuring will also see the
re-deployment of 12 persons to other areas within the company's
business operation.

Supreme Ventures, the report relates, said it was fully aware of
the current economic impact the redundancy will have on the
displaced workers, and as such has put together an enhanced
redundancy package for them.

Supreme Ventures Limited (SVL) is a Jamaica-based company engaged
in the management of the subsidiary companies and sale of mobile
phone pin codes. Its activities are organized into four business
segments, including lottery games, which are operated through the
agents’ network; gaming and hospitality, which includes Video
Lottery Terminal games offered at gaming lounges and room,
restaurant and related guest services at these gaming lounges;
financial services, such as foreign exchange dealer services and
Money Gram remittance services, and pin codes and other, which
includes the sale of pin codes through the agents’ network,
agents’ service fees, agents’ reconnection fees and all other
income. SVL’s activities are operated by its five wholly-owned
subsidiaries: Supreme Ventures Lotteries Limited, Prime Sports
(Jamaica) Limited, Supreme Ventures Financial Services Limited,
Big A Track 2003 Limited and Jamaica Lottery Company Limited. Its
operations are located solely in Jamaica.


* JAMAICA: Renewed Hope For Local Mining Sector
-----------------------------------------------
Recent positive signs in the international aluminum market have
led to renewed hope in the local mining sector that recovery in
the horizon, RadioJamaica report.

According to the report, a higher than expected increase in profit
at aluminium giant Alcoa combined with increased production in the
Asian market are some of the factors being cited as signs that the
local bauxite/alumina sector could soon rebound.

"And you have to understand that there are other markets that are
even more bullish than Alcoa's main market, the Chinese market and
the Far East market and those regions so we are very, very
bullish.  We had meetings with people from the bauxite sector with
the ministry and we are going forward and we believe that we will
make it out; we will get some of these factories restarted," the
report quoted Mining Minister James Robertson as saying.

                           *     *     *

According to Moody's, the country continues to hold a B1 foreign
currency rating and a Ba2 local currency rating.


=================
V E N E Z U E L A
=================


* VENEZUELA: Hilton Hotel Owners "Were Cheeky", Chavez Says
-----------------------------------------------------------
Agence France-Presse reports that Venezuelan President Hugo Chavez
has said he seized Hilton hotel on Margarita Island because its
owners dared to impose conditions on its use by his government to
host a summit there in September.

The report relates that President Chavez said, "To hold the
conference we had to ask for permission . . . and the owners tried
to impose conditions on the revolutionary government.  No way."

"So I said, 'Let's expropriate it.' And now it's been
expropriated," President Chavez added.

As reported in the Troubled Company Reporter-Latin America on
October 15, 2009, Dow Jones Newswires said that President Hugo
Chavez has ordered the nationalization of Hilton resort on the
Caribbean island of Margarita.  The report related that the resort
is owned by local firms facing troubles with the government's
financial oversight body.  According to the report, the resort,
which is managed by Hilton Worldwide, has 280 rooms and 154 time-
share suites, according to the presidential decree ordering the
takeover.  Dow Jones Newswires noted that Karla Visconti, a
spokeswoman for Hilton Worldwide, said the company "is evaluating
how the Venezuelan government's action affects its interest in
this hotel."  Hilton manages the hotel on Margarita, but doesn't
own it, Ms. Visconti added.

                           *     *     *

According to Moody's Investors Service, Venezuela continues to
carry a B2 foreign currency rating and a B1 local currency rating
with stable outlook.


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



* BOND PRICING: For the Week October 12 to October 16, 2009
-----------------------------------------------------------


Issuer               Coupon    Maturity   Currency        Price
  ------              ------    --------   --------        -----


ARGENTINA

ALTO PALERMO SA        7.88      5/11/2017   USD           74.66
ALTO PALERMO SA        7.88      5/11/2017   USD            78.6
ARGENT-$DIS            8.28      12/31/2033  USD           64.48
ARGENT-$DIS            8.28      12/31/2033  USD           72.94
ARGENT-PAR             1.18      12/31/2038  ARS           30.08
ARGENT-=DIS            7.82      12/31/2033  EUR           61.67
ARGNT-BOCON PR13          2      3/15/2024   ARS           62.06
ARGNT-BOCON PRE8          2      1/3/2010    ARS            15.9
AUTOPISTAS DEL S       11.5      5/23/2017   USD              41
BANCO MACRO SA         9.75      12/18/2036  USD              77
BONAR X                   7      4/17/2017   USD           72.42
BUENOS AIRE PROV       9.38      9/14/2018   USD           67.67
BUENOS AIRE PROV       9.63      4/18/2028   USD           63.44
BUENOS-$DIS            9.25      4/15/2017   USD            70.8
MENDOZA PROVINCE        5.5      9/4/2018    USD           74.61
TRANSENER              8.88      12/15/2016  USD           80.25


BRAZIL

CESP                   9.75      1/15/2015   BRL           69.31
REDE EMPRESAS         11.13      #N/A N Ap   USD            80.5

CAYMAN ISLAND

AIG SUNAMERICA         6.38      10/5/2020   GBP           83.97
BARION FUNDING          0.1      12/20/2056  EUR             8.4
BARION FUNDING         0.25      12/20/2056  USD            7.11
BARION FUNDING         0.25      12/20/2056  USD            7.11
BARION FUNDING         0.25      12/20/2056  USD            7.11
BARION FUNDING         0.25      12/20/2056  USD            7.11
BARION FUNDING         0.25      12/20/2056  USD            7.11
BARION FUNDING         0.25      12/20/2056  USD            7.16
BARION FUNDING         0.63      12/20/2056  GBP            17.2
BARION FUNDING         1.44      12/20/2056  GBP           30.41
C&M FINANCE LTD         8.1      2/1/2016    USD              75
CHINA MED TECH            4      8/15/2013   USD            67.5
CHINA SUNERGY          4.75      6/15/2013   USD           61.81
FERTINITRO FIN         8.29      4/1/2020    USD           67.63
GOL FINANCE            8.75      #N/A N Ap   USD            88.5
LDK SOLAR CO LTD       4.75      4/15/2013   USD            69.5
LDK SOLAR CO LTD       4.75      4/15/2013   USD           69.39
MALACHITE FDG          0.63      12/21/2056  EUR           21.64
MAZARIN FDG LTD         0.1      9/20/2068   EUR            5.16
MAZARIN FDG LTD        0.25      9/20/2068   USD            5.19
MAZARIN FDG LTD        0.25      9/20/2068   USD            5.24
MAZARIN FDG LTD        0.25      9/20/2068   USD            5.19
MAZARIN FDG LTD        0.25      9/20/2068   USD            5.19
MAZARIN FDG LTD        0.25      9/20/2068   USD            5.19
MAZARIN FDG LTD        0.25      9/20/2068   USD            5.19
MAZARIN FDG LTD        0.63      9/20/2068   GBP            14.2
MAZARIN FDG LTD        1.44      9/20/2068   GBP           27.89
PUBMASTER FIN          6.96      6/30/2028   GBP           64.17
PUBMASTER FIN          8.44      6/30/2025   GBP           71.33
SHINSEI FIN CAYM       6.42      #N/A N Ap   USD           56.63
SHINSEI FIN CAYM       6.42      #N/A N Ap   USD           56.62
SHINSEI FINANCE        7.16      #N/A N Ap   USD           56.37
SHINSEI FINANCE        7.16      #N/A N Ap   USD              54
XL CAPITAL LTD          6.5      #N/A N Ap   USD            74.5


ECUADOR

REP OF ECUADOR         9.38      12/15/2015  USD           91.42


JAMAICA

AIR JAMAICA LTD        8.13      6/14/2027   USD              72
JAMAICA GOVT              8      3/15/2039   USD              74
JAMAICA GOVT            8.5      2/28/2036   USD            74.5
JAMAICA GOVT          13.38      4/27/2032   JMD           60.53
JAMAICA GOVT LRS      12.75      6/29/2022   JMD           60.25
JAMAICA GOVT LRS      12.75      6/29/2022   JMD           60.27
JAMAICA GOVT LRS      12.85      5/31/2022   JMD           60.89
JAMAICA GOVT LRS      13.38      12/15/2021  JMD           64.16
JAMAICA GOVT LRS      13.58      12/15/2026  JMD           61.43
JAMAICA GOVT LRS         14      6/30/2021   JMD           67.92
JAMAICA GOVT LRS       14.4      8/3/2027    JMD           66.97
JAMAICA GOVT LRS         15      9/6/2032    JMD            69.7
JAMAICA GOVT LRS         15      8/30/2032   JMD            69.7
JAMAICA GOVT LRS         15      11/15/2021  JMD           71.68
JAMAICA GOVT LRS       15.5      3/24/2028   JMD            70.1
JAMAICA GOVT LRS         16      6/13/2022   JMD           74.98
JAMAICA GOVT LRS         16      12/6/2032   JMD           72.34
JAMAICA GOVT LRS      16.13      8/21/2032   JMD           74.93
JAMAICA GOVT LRS      16.25      5/22/2027   JMD           73.56
JAMAICA GOVT LRS      16.25      7/26/2032   JMD           73.47
JAMAICA GOVT LRS       16.5      6/14/2027   JMD           74.64

PUERTO RICO

DORAL FINL CORP           7      4/26/2012   USD              51
DORAL FINL CORP         7.1      4/26/2017   USD            44.5
DORAL FINL CORP        7.15      4/26/2022   USD              37
DORAL FINL CORP        7.65      3/26/2016   USD           45.63
PUERTO RICO CONS        6.1      5/1/2012    USD              62
PUERTO RICO CONS        6.2      5/1/2017    USD              48
PUERTO RICO CONS        6.5      4/1/2016    USD              48

VENEZUELA

PETROLEOS DE VEN       5.25      4/12/2017   USD            57.9
PETROLEOS DE VEN       5.38      4/12/2027   USD           45.26
PETROLEOS DE VEN        5.5      4/12/2037   USD           45.14
VENEZUELA              5.75      2/26/2016   USD           71.45
VENEZUELA                 6      12/9/2020   USD           57.98
VENEZUELA                 7      12/1/2018   USD           68.45
VENEZUELA                 7      3/31/2038   USD           55.53
VENEZUELA              7.65      4/21/2025   USD           62.83
VENEZUELA              7.75      10/13/2019  USD           66.28
VENEZUELA              8.25      10/13/2024  USD           62.44
VENEZUELA                 9      5/7/2023    USD           70.89
VENEZUELA              9.25      9/15/2027   USD            73.4
VENEZUELA              9.25      5/7/2028    USD           71.55
VENZOD - 189000        9.38      1/13/2034   USD           71.17



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Monday's edition of the TCR-LA delivers a list of indicative
prices for bond issues that reportedly trade well below par.
Prices are obtained by TCR-LA editors from a variety of outside
sources during the prior week we think are reliable.   Those
sources may not, however, be complete or accurate.  The Monday
Bond Pricing table is compiled on the Friday prior to
publication.  Prices reported are not intended to reflect actual
trades.  Prices for actual trades are probably different.  Our
objective is to share information, not make markets in publicly
traded securities.  Nothing in the TCR-LA constitutes an offer
or solicitation to buy or sell any security of any kind.  It is
likely that some entity affiliated with a TCR-LA editor holds
some position in the issuers' public debt and equity securities
about which we report.

Tuesday's edition of the TCR-LA features a list of companies
with insolvent balance sheets obtained by our editors based on
the latest balance sheets publicly available a day prior to
publication.  At first glance, this list may look like the
definitive compilation of stocks that are ideal to sell short.
Don't be fooled.  Assets, for example, reported at historical
cost net of depreciation may understate the true value of a
firm's assets.  A company may establish reserves on its balance
sheet for liabilities that may never materialize.  The prices at
which equity securities trade in public market are determined by
more than a balance sheet solvency test.

A list of Meetings, Conferences and Seminars appears in each
Thursday's edition of the TCR-LA. Submissions about insolvency-
related conferences are encouraged.  Send announcements to
conferences@bankrupt.com

                            ***********


S U B S C R I P T I O N   I N F O R M A T I O N

Troubled Company Reporter - Latin America is a daily newsletter
co-published by Bankruptcy Creditors' Service, Inc., Fairless
Hills, Pennsylvania, USA, and Beard Group, Inc., Frederick,
Maryland USA, Marites O. Claro, Joy A. Agravente, Rousel Elaine C.
Tumanda, Valerie C. Udtuhan, Frauline S. Abangan, and Peter A.
Chapman, Editors.


Copyright 2009.  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$625 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 Christopher Beard at 240/629-3300.


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