TCRLA_Public/100927.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, September 27, 2010, Vol. 11, No. 189

                            Headlines



A N T I G U A  &  B A R B U D A

STANFORD INT'L: More Charges Pending in Fraud Case
* ANTIGUA & BARBUDA: Can Delay Repayment of US$47 Million


B E R M U D A

AP ENHANCED: Creditors' Proofs of Debt Due on October 1
AP ENHANCED: Members' Final Meeting Set for October 25
BALTIMORE (BERMUDA): Creditors' Proofs of Debt Due on October 1
BALTIMORE (BERMUDA): Members' Final Meeting Set for October 20
MGSIS CLASS: Creditors' Proofs of Debt Due on October 1

MGSIS CLASS: Members' Final Meeting Set for October 25
MGSIS MAN: Creditors' Proofs of Debt Due on October 1
MGSIS MAN: Members' Final Meeting Set for October 25
MPM BIOEQUITIES: Creditors' Proofs of Debt Due on October 1
MPM BIOEQUITIES: Members' Final Meeting Set for October 20

PUTNAM GREEN: Court Enters Wind-Up Order
SCAF I: Court Enters Wind-Up Order


C A Y M A N  I S L A N D S

EUREKA (EURO): Shareholders' Final Meeting Set for October 5


M E X I C O

VITRO SAB: Ad Hoc Panel Continues to Oppose Consent Solicitation


T R I N I D A D  &  T O B A G O

CL FIN'L: Senator Says Government's Offer is "Reasonable"


T U R K S  &  C A I C O S  I S L A N D S

OLINT CORP: Former Boss Admits Fraud


X X X X X X X X

* BOND PRICING: For the Week September 20, to September 24, 2010




                         - - - - -


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


STANFORD INT'L: More Charges Pending in Fraud Case
--------------------------------------------------
The Securities and Exchange Commission has revealed that it has
recommended charges be laid against several former top executives
in Robert Allen Stanford's empire as investigations into his
alleged US$8 billion fraud continue, Caribbean360.com reports.
However, the report relates, the names have not been released.

According to the report, the disclosure came from Director of the
SEC's Fort Worth Regional Office, Rose Romero, as she testified
before the US Senate Banking, Housing, and Urban Affairs Committee
in a hearing on "Oversight of the SEC Inspector General's Report
on the Investigation of the SEC's Response to Concerns Regarding
Robert Allen Stanford's Alleged Ponzi Scheme and Improving SEC
Performance".

Ms. Romero, Caribbean360.com notes, told the Committee that over
the past year, the SEC staff has been continuing investigations to
determine if other executives and employees at Stanford Financial
Group deceived US investors in the sale of fraudulent certificates
of deposit through the Stanford International Bank Limited.

The report relates Ms. Romero said that other people face
prosecution now that the SEC has collected and reviewed tens of
thousands of documents, reviewed e-mail communications of more
than 150 former employees, interviewed and taken sworn statements
of more than 60 former employees and other witnesses, and
interviewed approximately 200 victims of the Stanford fraud.  "We
have . . . notified several former Stanford executives that we
intend to recommend fraud charges against them.  These persons
include former high level executives and financial advisors,"
Caribbean360.com quoted Ms. Romero as saying.  "Our investigation
of these matters is continuing, as are our efforts to maximize the
recovery for the Stanford victims," she 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, 2009,
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 2009, 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 (S.D. Tex.).  The
civil case is SEC v. Stanford International Bank, 09-cv-00298
(N.D. Tex.).


* ANTIGUA & BARBUDA: Can Delay Repayment of US$47 Million
---------------------------------------------------------
Six members of the Paris Club creditors have consolidated a large
chunk of Antigua and Barbuda's US$133 million debt and given the
country an ease from making payments for the next seven years,
Caribbean360.com reports.

According to the report, Finance and Economy Minister Harold
Lovell said that after meeting with representatives from France,
the United States, the United Kingdom, Netherlands, Brazil and
Japan last week, agreement was reached on 90% of outstanding debt
-- equivalent to about US$117 million.  The report relates this
means that Antigua and Barbuda will not have to repay the
principal sum of US$47 million for the next seven years.

"Instead of a five-year grace period under Paris Club regulations
we were given an extended period in addition to the five years so
that the first payment on the consolidated arrears and principal
would not be made until the year 2017," the Finance and Economy
Minister told a press conference, adding that the creditors will
stop accumulating penalty interest which currently stands at US$86
million, Caribbean360.com notes.  "Whereas before interest was
accumulating at an average rate of 10%, we now have been able to
provide a breather for Antigua and Barbuda where we no longer will
be accumulating interest on this debt stock," the minister added.

The report says that the US$133 million which Antigua and Barbuda
owes to the Paris Club creditors dates back several decades -- as
much as 40 years.

                          About Paris Club

The Paris Club is an informal group of financial officials from 19
of some of the world's biggest economies, which provides financial
services such as debt restructuring, debt relief, and debt
cancellation to indebted countries and their creditors.


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


AP ENHANCED: Creditors' Proofs of Debt Due on October 1
-------------------------------------------------------
The creditors of AP Enhanced Leveraged Series 1 Ltd are required
to file their proofs of debt by October 1, 2010, to be included in
the company's dividend distribution.

The company commenced wind-up proceedings on September 13, 2010.

The company's liquidator is:

         Beverly Mathias
         c/o Argonaut Limited
         Argonaut House, 5 Park Road
         Hamilton HM O9
         Bermuda


AP ENHANCED: Members' Final Meeting Set for October 25
------------------------------------------------------
The members of AP Enhanced Leveraged Series 1 Ltd will hold their
final meeting, on October 25, 2010, 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 September 13, 2010.

The company's liquidator is:

         Beverly Mathias
         c/o Argonaut Limited
         Argonaut House, 5 Park Road
         Hamilton HM O9
         Bermuda


BALTIMORE (BERMUDA): Creditors' Proofs of Debt Due on October 1
---------------------------------------------------------------
The creditors of Baltimore (Bermuda) Limited are required to file
their proofs of debt by October 1, 2010, to be included in the
company's dividend distribution.

The company commenced wind-up proceedings on September 17, 2010.

The company's liquidator is:

         Robin J. Mayor
         Clarendon House, Church Street
         Hamilton
         Bermuda


BALTIMORE (BERMUDA): Members' Final Meeting Set for October 20
--------------------------------------------------------------
The members of Baltimore (Bermuda) Limited will hold their final
meeting, on October 20, 2010, 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 September 17, 2010.

The company's liquidator is:

         Robin J. Mayor
         Clarendon House, Church Street
         Hamilton
         Bermuda


MGSIS CLASS: Creditors' Proofs of Debt Due on October 1
-------------------------------------------------------
The creditors of MGSIS Class H1 Man MGS Access CAD Trading Ltd are
required to file their proofs of debt by October 1, 2010, to be
included in the company's dividend distribution.

The company commenced wind-up proceedings on September 13, 2010.

The company's liquidator is:

         Beverly Mathias
         c/o Argonaut Limited
         Argonaut House, 5 Park Road
         Hamilton HM O9
         Bermuda


MGSIS CLASS: Members' Final Meeting Set for October 25
------------------------------------------------------
The members of MGSIS Class H1 Man MGS Access CAD Trading Ltd will
hold their final meeting, on October 25, 2010, 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 September 13, 2010.

The company's liquidator is:

         Beverly Mathias
         c/o Argonaut Limited
         Argonaut House, 5 Park Road
         Hamilton HM O9
         Bermuda


MGSIS MAN: Creditors' Proofs of Debt Due on October 1
-----------------------------------------------------
The creditors of MGSIS Man IP 220 Class A3 USD Shares Trading Ltd
are required to file their proofs of debt by October 1, 2010, to
be included in the company's dividend distribution.

The company commenced wind-up proceedings on September 13, 2010.

The company's liquidator is:

         Beverly Mathias
         c/o Argonaut Limited
         Argonaut House, 5 Park Road
         Hamilton HM O9
         Bermuda


MGSIS MAN: Members' Final Meeting Set for October 25
----------------------------------------------------
The members of MGSIS Man IP 220 Class A3 USD Shares Trading Ltd
will hold their final meeting, on October 25, 2010, 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 September 13, 2010.

The company's liquidator is:

         Beverly Mathias
         c/o Argonaut Limited
         Argonaut House, 5 Park Road
         Hamilton HM O9
         Bermuda


MPM BIOEQUITIES: Creditors' Proofs of Debt Due on October 1
-----------------------------------------------------------
The creditors of MPM Bioequities Fund, Ltd. are required to file
their proofs of debt by October 1, 2010, to be included in the
company's dividend distribution.

The company commenced wind-up proceedings on September 16, 2010.

The company's liquidator is:

         Robin J. Mayor
         Clarendon House, Church Street
         Hamilton
         Bermuda


MPM BIOEQUITIES: Members' Final Meeting Set for October 20
----------------------------------------------------------
The members of MPM Bioequities Fund, Ltd. will hold their final
meeting, on October 20, 2010, 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 September 16, 2010.

The company's liquidator is:

         Robin J. Mayor
         Clarendon House, Church Street
         Hamilton
         Bermuda


PUTNAM GREEN: Court Enters Wind-Up Order
----------------------------------------
On September 10, 2010, the Supreme Court of Bermuda entered an
order that voluntarily winds up the operations of Putnam Green
Ltd.

D. Geoffrey Hunter and Nigel Chatterjee of PricewaterhouseCoopers
Advisory Limited were appointed as liquidators.


SCAF I: Court Enters Wind-Up Order
----------------------------------
On September 10, 2010, the Supreme Court of Bermuda entered an
order that voluntarily winds up the operations of SCAF I Ltd.

D. Geoffrey Hunter and Nigel Chatterjee of PricewaterhouseCoopers
Advisory Limited were appointed as liquidators.


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


EUREKA (EURO): Shareholders' Final Meeting Set for October 5
------------------------------------------------------------
The shareholders of The Eureka (Euro) Fund Limited will hold their
final meeting, on October 5, 2010, at 9:00 a.m., to receive the
liquidator's report on the company's wind-up proceedings and
property disposal.

The company's liquidator is:

         John Sutlic
         Close Brothers (Cayman) Limited
         Harbour Place, Fourth Floor
         P.O. Box 1034, Grand Cayman KYI-1102
         Cayman Islands


===========
M E X I C O
===========


VITRO SAB: Ad Hoc Panel Continues to Oppose Consent Solicitation
----------------------------------------------------------------
TO ALL VITRO NOTEHOLDERS:

The Steering Group for the Ad Hoc Committee of Vitro Noteholders
is comprised of holders, or investment advisors to holders, of
more than $500 million of the Senior Notes due 2012, 2013 and 2017
issued by Vitro, S.A.B. de C.V.  In addition, its advisors
continue to be in contact with additional holders of approximately
US$300 million of the Senior Notes, who have indicated their
support for the Steering Group.  The Steering Group would like to
provide all holders of Senior Notes with an update with respect to
the status of negotiations with Vitro and its shareholder
representatives, regarding a comprehensive restructuring of
Vitro's debt.

Despite a further attempt last week by members of the Steering
Group to reach agreement on restructuring terms with Vitro and its
formal and informal advisors, that attempt was once again
unsuccessful.  Vitro continues to demand concessions from
creditors which produce an unacceptably poor economic outcome for
Noteholders and are intended to transfer value away from the
Noteholders to Vitro's shareholders and informal advisors.

The Steering Group expects that Vitro will launch a consent
solicitation shortly, but despite claims by Vitro and its advisors
to the contrary, the company does not have the support of any
member of the Steering Group nor any other Noteholder with whom
we've been in contact.  None of the Steering Group members nor its
legal and financial advisors has had any involvement, or
discussions, with respect to any associated legal or other
documentation in connection with the Consent Solicitation, which
is therefore unlikely to provide any of the covenants and other
legal protections Noteholders would expect and will demand.

Certain of the Steering Group members are aware that Fintech
Advisory has been advising Vitro's shareholders and its directors
for some time and recently concluded the purchase of several
derivative claims against Vitro previously owned by financial
institutions.  These claims (approximately US$160 million) may
have been validated by the Company, but Noteholders should not
assume that support for a proposal from Fintech Advisory
constitutes support from an independent creditor, despite
anticipated suggestions from Vitro and its advisors otherwise.

We would urge all Noteholders to consult with our financial and
legal advisors, as well as their own, before giving consideration
to any Consent Solicitation.

Sincerely,

Steering Group for the Ad Hoc Committee of Vitro Noteholders

The Steering Group for the Ad Hoc Committee of Vitro Noteholders
may be reached at:

     John Cunningham, Esq.
     Richard Kebrdle, Esq.
     WHITE & CASE LLP
     Telephone: (305) 995-5252
                (305) 995-5276
     Email: JCunningham@whitecase.com
            RKebrdle@whitecase.com

          - and -

     Brian Cullen, Esq.
     Mark Catania, Esq.
     CHANIN CAPITAL PARTNERS LLC
     Telephone: (310) 445-4010
                (310) 445-4010
     Email: BCullen@chanin.com
            MCatania@chanin.com

                          About Vitro SAB

Headquartered in Monterrey, Mexico, Vitro, S.A.B. de C.V. (BMV:
VITROA; NYSE: VTO), through its two subsidiaries, Vitro Envases
Norteamerica, SA de C.V. and Vimexico, S.A. de C.V., is a global
glass producer, serving the construction and automotive glass
markets and glass containers needs of the food, beverage, wine,
liquor, cosmetics and pharmaceutical industries.

                           *     *     *

In June 2010, Fitch Ratings withdrew all ratings of Vitro, S.A.B.
de C.V., given the lack of information following the company's
default on Feb. 2, 2009, and consistent with Fitch's policies.
Fitch will no longer provide ratings or credit research on the
Company.  Andres R. Martinez at Bloomberg News said in June that
Vitro was suspended from trading in Mexico City after failing to
file its fourth-quarter earnings report.  The company missed the
June 2 deadline for the results, Mexico's stock exchange said in
an e-mailed statement obtained by the news agency.  Vitro plans to
file the report once its debt restructuring is complete or if
ordered by a judge.  Vitro said that the suspension won't affect
company operations.

On June 30, 2009, Galaz, Yamazaki, Ruiz Urquiza, S.C., member of
Deloitte Touche Tohmatsu and C.P.C. Jorge Alberto Villarreal in
Monterrey, N.L., Mexico raised substantial doubt about the
Company's ability to continue as a going concern after auditing
financial results for the period ended Dec. 31, 2007, and 2008.
The auditors pointed out to the Company's net loss and its non-
compliance with covenants related to its long-term debt
obligations.


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


CL FIN'L: Senator Says Government's Offer is "Reasonable"
---------------------------------------------------------
Richard Lord at Trinidad and Tobago Guardian reports that
government Senator Patrick Watson said that Colonial Life
Insurance Company (Trinidad) Limited has pulled the wool over the
eyes of the T&T population over the past several years.  The
report relates that Mr. Watson also said Clico was insolvent.

CLICO is a unit of CL Financial Limited.

"People couldn't believe that Clico was pulling the wool over
their eyes," the report quoted Mr. Watson as saying.

But notwithstanding that, Mr. Watson said he believed the proposed
resolution by the Government to deal with the Clico bailout matter
was "reasonable," Trinidad and Tobago Guardian notes.  Mr. Watson
appealed to all citizens to have "sympathy and empathy" for Clico
investors, the report says.

Mr. Watson, Trinidad and Tobago Guardian relates, said that each
taxpayer would have to assist in the resolution of the crisis.  A
communique from the Ministry of Finance would be released shortly,
he added.

Trinidad and Tobago Guardian notes that saying the matter was
"indeed a very unusual one and must be dealt with in a careful a
manner as possible," Mr. Watson said the monies owed to Clico
depositors amounted to US$12 billion, which represented just about
a quarter of the US$49 billion national budget.  There were some
250,000 Clico investors, 90% of whom "have absolutely nothing to
worry about," he added.

Meanwhile, according to the report, Mr. Watson said those
investors could use the Clico insurance policies to obtain loans
and acquire houses.  However, that the major concern remained --
"the 25,000 remaining who invested in fixed deposit type
investment in Clico, all of which carried interest rates higher
than market value," he added.  Mr. Watson said that the initial
plan required a TT$75,000 payment made to investors, Trinidad and
Tobago Guardian adds.

"We give the assurance that of the 25,000 people investing in
these schemes, this repayment covers 40% of the population of the
remaining 25,000," Mr. Watson told legislators, Trinidad and
Tobago Guardian notes.  Mr. Watson, the report relates, said a
debt of TT$10 billion was owed to the remaining 14,000 or 15,000
Clico investors.

Trinidad and Tobago Guardian reports Mr. Watson said it was very
challenging to deal with the existing debt of TT$12 billion.  Mr.
Watson said the population must be aware that every time money was
paid to Clico investors, it was coming from their taxes, the
report relates.

Trinidad and Tobago Guardian notes that Mr. Watson said equal
tranches would be paid to investors in the form of certificates
for each year over the next 20 years.

Mr. Watson said the Central Bank needed to intensify its financial
literacy programs in T&T, the report adds.

                        About CL Financial

CL Financial Limited is a privately held conglomerate in Trinidad
and Tobago.  Founded as an insurance company, Colonial Life
Insurance Company by Cyril Duprey, it was expanded into a
diversified company by his nephew, Lawrence Duprey.  CL Financial
is now one of the largest local conglomerates in the region,
encompassing over 65 companies in 32 countries worldwide with
total assets standing at roughly US$100 billion.

                           *     *     *

As reported in the Troubled Company Reporter-Latin America on
August 10, 2009, A.M. Best Co. downgraded the financial strength
rating to C (Weak) from B (Fair) and issuer credit rating to "ccc"
from "bb" of Colonial Life Insurance Company (Trinidad) Limited
(CLICO) (Trinidad & Tobago).  The ratings remain under review with
negative implications.  CLICO is an insurance member company of CL
Financial Limited (CL Financial), a diversified holding company
based in Trinidad & Tobago.

According to a TCRLA report on Feb. 20, 2009, citing Trinidad and
Tobago Express, Tobago President George Maxwell Richards signed
bailout bills for CL Financial, giving the government the
authority to control the company's unit, Colonial Life Insurance
Company, and giving the central bank extensive powers to treat
with CL Financial's collapse and the consequent systemic crisis.


========================================
T U R K S  &  C A I C O S  I S L A N D S
========================================


OLINT CORP: Former Boss Admits Fraud
------------------------------------
Olint Corporation Limited former head David Smith's admission that
he defrauded thousands investors in the private investment scheme
Olint put him behind bars in the Turks and Caicos Islands for the
next six and a half years; or at least until the US seeks to have
him extradited to face 23 other fraud charges, Caribbean360.com
reports.  The report relates Mr. Smith was sentenced after
pleading guilty to two counts of conspiracy to commit money
laundering and two counts of conspiracy to defraud.

According to Caribbean360.com, Mr. Smith initially faced more than
20 charges, but his attorney Oliver Smith said many of them were
contested.  The report relates that of the seven which remained on
the charge sheet, three were dismissed after his client pleaded
guilty and the prosecution has decided to discontinue the charges
against Mr. Smith's wife, Tracy.

The report notes Mr. Smith lost billions of dollars in investments
by club members in his unregulated private investment club.
Caribbean360.com relates that at the time of the scheme's
collapse, it was reported that Olint had about 6,000 clients.

Caribbean360.com says that it's now left to see whether U.S.
authorities will wait until Smith completes his prison sentence in
the TCI before seeking to have him extradited.

As reported in the Troubled Company Reporter-Latin America on
August 20, 2010, The Jamaica Gleaner said that Mr. Smith was
indicted on 23 charges in the United States.  The report related
that the indictment handed down in the U.S. District Court for the
Middle District of Florida, Orlando Division, charged Mr. Smith
with four counts of wire fraud, one count of conspiracy to commit
money laundering and 18 counts of money laundering to conceal
specified unlawful activity.

                       About Olint Corp

Olint Corporation Limited was an investment club owned by David
Smith.

                         *     *     *

As reported in the Troubled Company Reporter-Latin America on
August 31, 2010, RadioJamaica said United States authorities seek
to extradite Mr. Smith from Turks and Caicos Islands for his
involvement in financial fraud cases.  The Jamaica Gleaner said
that Mr. Smith was indicted on 23 charges in the United States.
The report related that the indictment handed down in the U.S.
District Court for the Middle District of Florida, Orlando
Division, charged Mr. Smith with four counts of wire fraud, one
count of conspiracy to commit money laundering and 18 counts of
money laundering to conceal specified unlawful activity.


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


* BOND PRICING: For the Week September 20, to September 24, 2010
----------------------------------------------------------------

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


ARGENTINA

ARGENT- DIS            5.83   12/31/2033    ARS             155.6
ARGENT-$DIS            8.28   12/31/2033    USD                60
ARGENT-PAR             1.18   12/31/2038    ARS              56.6
ARGENT-?DIS            7.82   12/31/2033    EUR              69.5
ARGENT-?DIS            7.82   12/31/2033    EUR                71
ARGENT- DIS            4.33   12/31/2033    JPY                42
ARGENT- PAR&GDP        0.45   12/31/2038    JPY                 8
BANCO MACRO SA        10.75   6/7/2012      USD         71.030045
BOGAR 2018                2   2/4/2018      ARS              36.9
MENDOZA PROVINCE        5.5   9/4/2018      USD         84.999627


BRAZIL

CESP                   9.75   1/15/2015     BRL         73.757582


CAYMAN ISLAND


BANCO BPI (CI)         4.15   11/14/2035    EUR            68.148
BANIF FIN LTD             3   12/31/2019    EUR            59.375
BCP FINANCE CO        4.239                 EUR         69.391666
BCP FINANCE CO        5.543                 EUR           72.8125
BES FINANCE LTD        5.58                 EUR         70.846264
BES FINANCE LTD       6.984   2/7/2035      EUR         64.499228
DUBAI HLDNG COMM          6   2/1/2017      GBP            69.703
EFG ORA FUNDING         1.7   10/29/2014    EUR           66.1121
ESFG INTERNATION      5.753                 EUR         72.685715
FERTINITRO FIN         8.29   4/1/2020      USD                65
INDEPENDENCIA IN         15   3/31/2015     USD                53
PUBMASTER FIN         6.962   6/30/2028     GBP           71.2185
SHINSEI FIN CAYM      6.418                 USD           67.0374
SHINSEI FINANCE        7.16                 USD         67.289422
SHINSEI FINANCE        7.16                 USD         66.716667


  COLOMBIA

AGUAS NUEVAS            3.4   5/15/2012     CLP            1.3562


   PUERTO RICO

PUERTO RICO CONS        6.5   4/1/2016      USD                51


VENEZUELA

PETROLEOS DE VEN        4.9   10/28/2014    USD         62.511554
PETROLEOS DE VEN        4.9   10/28/2014    USD          62.64717
PETROLEOS DE VEN          5   10/28/2015    USD         58.051708
PETROLEOS DE VEN      5.125   10/28/2016    USD         54.459592
PETROLEOS DE VEN       5.25   4/12/2017     USD         57.816449
PETROLEOS DE VEN      5.375   4/12/2027     USD         47.795615
PETROLEOS DE VEN        5.5   4/12/2037     USD         45.826051
VENEZUELA              5.75   2/26/2016     USD              67.5
VENEZUELA                 6   12/9/2020     USD             56.35
VENEZUELA                 7   3/31/2038     USD             54.25
VENEZUELA                 7   3/31/2038     USD            53.348
VENEZUELA                 7   12/1/2018     USD                63
VENEZUELA              7.65   4/21/2025     USD                59
VENEZUELA              7.75   10/13/2019    USD             65.25
VENEZUELA              8.25   10/13/2024    USD              62.9
VENEZUELA                 9   5/7/2023      USD             65.75
VENEZUELA              9.25   9/15/2027     USD            70.662
VENEZUELA              9.25   5/7/2028      USD              65.5
VENEZUELA              9.25   9/15/2027     USD             70.75
VENZOD - 189000       9.375   1/13/2034     USD              65.5


                            ***********

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 2010.  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.


           * * * End of Transmission * * *