TCRLA_Public/110919.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 19, 2011, Vol. 12, No. 185

                            Headlines



C A Y M A N   I S L A N D S

AMI GP: Creditors' Proofs of Debt Due Sept. 23
AMI GP: Members' Final Meeting Set for Sept. 26
AMI IV-Q: Creditors' Proofs of Debt Due Sept. 23
AMI IV-Q: Members' Final Meeting Set for Sept. 26
AMI IV-P: Creditors' Proofs of Debt Due Sept. 23

AMI IV-P: Members' Final Meeting Set for Sept. 26
AVIATION ONE: Commences Liquidation Proceedings
CAPITAL GUIDE: Creditors' Proofs of Debt Due Sept. 28
CLEAR RIVER: Creditors' Proofs of Debt Due September 30
DUNCAN HOLDINGS: Creditors' Proofs of Debt Due Sept. 29

HAMON LIFE: Commences Liquidation Proceedings
HMTF-LA I: Creditors' Proofs of Debt Due Sept. 23
HMTF-LA I: Members' Final Meeting Set for Sept. 26
INGDICK CORPORATION: Creditors' Proofs of Debt Due Sept. 28
IOA GP: Creditors' Proofs of Debt Due Sept. 23

IOA GP: Members' Final Meeting Set for Sept. 26
IOA LP: Creditors' Proofs of Debt Due Sept. 23
IOA LP: Members' Final Meeting Set for Sept. 26
IOA PRIVATE: Creditors' Proofs of Debt Due Sept. 23
IOA PRIVATE: Members' Final Meeting Set for September 26

MADB INVESTMENTS: Commences Liquidation Proceedings
NBS ADVISORS: Creditors' Proofs of Debt Due Sept. 28
OTEMACHI INVESTMENTS: Commences Liquidation Proceedings
PANAM SPORTS GP: Creditors' Proofs of Debt Due Sept. 23
PANAM SPORTS GP: Members' Final Meeting Set for Sept. 26

PANAM SPORTS FUND: Creditors' Proofs of Debt Due Sept. 23
PANAM SPORTS FUND: Members' Final Meeting Set for Sept. 26
PEQUOT HEALTHCARE: Creditors' Proofs of Debt Due Sept. 28
TAIWAN SPECIAL: Creditors' Proofs of Debt Due Sept. 28


E L   S A L V A D O R

* EL SALVADOR: Gets US$45MM IDB Loan for Public Transport System


T R I N I D A D  &  T O B A G O

CL FIN'L: Finance Minister Unveils Plan to Solve CLICO Demise
CL FIN'L: Clico Policyholders Sets Court Suit Against Deloitte


X X X X X X X X

* BOND PRICING: For the Week September 12, to September 16, 2011


                            - - - - -


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


AMI GP: Creditors' Proofs of Debt Due Sept. 23
----------------------------------------------
The creditors of AMI GP, Ltd. are required to file their proofs
of debt by September 23, 2011, to be included in the company's
dividend distribution.

The company commenced wind-up proceedings on August 16, 2011.

The company's liquidators are:

         E. Andrew Hersant
         Christopher Humphries
         Stuarts Walker Hersant
         Telephone: (345) 949 3344
         Facsimile:  (345) 949 2888
         P.O. Box 2510 Grand Cayman KY1-1104
         Cayman Islands


AMI GP: Members' Final Meeting Set for Sept. 26
-----------------------------------------------
The members of AMI GP, Ltd. will hold their final meeting on
September 26, 2011, at 9:00 a.m., to receive the liquidator's
report on the company's wind-up proceedings and property
disposal.

The company's liquidators are:

         E. Andrew Hersant
         Christopher Humphries
         Stuarts Walker Hersant
         Telephone: (345) 949 3344
         Facsimile:  (345) 949 2888
         P.O. Box 2510 Grand Cayman KY1-1104
         Cayman Islands


AMI IV-Q: Creditors' Proofs of Debt Due Sept. 23
------------------------------------------------
The creditors of AMI IV-Q Ltd. are required to file their proofs
of debt by September 23, 2011, to be included in the company's
dividend distribution.

The company commenced wind-up proceedings on August 16, 2011.

The company's liquidators are:

         E. Andrew Hersant
         Christopher Humphries
         Stuarts Walker Hersant
         Telephone: (345) 949 3344
         Facsimile:  (345) 949 2888
         P.O. Box 2510 Grand Cayman KY1-1104
         Cayman Islands


AMI IV-Q: Members' Final Meeting Set for Sept. 26
-------------------------------------------------
The members of AMI IV-Q Ltd. will hold their final meeting on
September 26, 2011, at 9:00 a.m., to receive the liquidator's
report on the company's wind-up proceedings and property
disposal.

The company's liquidators are:

         E. Andrew Hersant
         Christopher Humphries
         Stuarts Walker Hersant
         Telephone: (345) 949 3344
         Facsimile:  (345) 949 2888
         P.O. Box 2510 Grand Cayman KY1-1104
         Cayman Islands


AMI IV-P: Creditors' Proofs of Debt Due Sept. 23
------------------------------------------------
The creditors of AMI IV-P Ltd. are required to file their proofs
of debt by September 23, 2011, to be included in the company's
dividend distribution.

The company commenced wind-up proceedings on August 16, 2011.

The company's liquidators are:

         E. Andrew Hersant
         Christopher Humphries
         Stuarts Walker Hersant
         Telephone: (345) 949 3344
         Facsimile:  (345) 949 2888
         P.O. Box 2510 Grand Cayman KY1-1104
         Cayman Islands


AMI IV-P: Members' Final Meeting Set for Sept. 26
-------------------------------------------------
The members of AMI IV-P Ltd. will hold their final meeting on
September 26, 2011, at 9:00 a.m., to receive the liquidator's
report on the company's wind-up proceedings and property
disposal.

The company's liquidators are:

         E. Andrew Hersant
         Christopher Humphries
         Stuarts Walker Hersant
         Telephone: (345) 949 3344
         Facsimile:  (345) 949 2888
         P.O. Box 2510 Grand Cayman KY1-1104
         Cayman Islands


AVIATION ONE: Commences Liquidation Proceedings
-----------------------------------------------
At an extraordinary meeting held on August 10, 2011, the members
of Aviation One Holding Company resolved to voluntarily liquidate
the company's business.

Only creditors who were able to file their proofs of debt by
September 13, 2011, will be included in the company's dividend
distribution.

The company's liquidator is:

         Essa Zainal
         c/o Patricia Tricarico
         Telephone: (345) 949 5122
         Facsimile: (345) 949 7920
         P.O. Box 1111 Grand Cayman KY1-1102
         Cayman Islands


CAPITAL GUIDE: Creditors' Proofs of Debt Due Sept. 28
-----------------------------------------------------
The creditors of Capital Guide Fund, Limited are required to file
their proofs of debt by September 28, 2011, to be included in the
company's dividend distribution.

The company commenced wind-up proceedings on July 18, 2011.

The company's liquidator is:

         Toufic Chahine
         Majdalani Building, 6th Floor
         Maamari Street
         Wardieh-Clemenceau, Beirut 2039-6509
         Lebanon
         Telephone: 011 9611 487542
         Cellular Phone: 011 9613 711411
         Block E, 4th Floor
         Gold Souks, Beirut Central District
         Beirut, Lebanon
         Telephone: 011 9611 487542
         Cellular Phone: 011 9613 711411


CLEAR RIVER: Creditors' Proofs of Debt Due September 30
-------------------------------------------------------
The creditors of Clear River Capital (Cayman) Limited are
required to file their proofs of debt by September 30, 2011, to
be included in the company's dividend distribution.

The company commenced liquidation proceedings on August 15, 2011.

The company's liquidator is:

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


DUNCAN HOLDINGS: Creditors' Proofs of Debt Due Sept. 29
-------------------------------------------------------
The creditors of Duncan Holdings Limited are required to file
their proofs of debt by September 29, 2011, to be included in the
company's dividend distribution.

The company commenced wind-up proceedings on August 15, 2011.

The company's liquidator is:

         Buchanan Limited
         c/o Rose Ferguson
         Telephone: (345) 949-0355
         Facsimile: (345) 949-0360
         P.O. Box 1170 Grand Cayman KY1-1102
         Cayman Islands


HAMON LIFE: Commences Liquidation Proceedings
---------------------------------------------
On August 10, 2011, the members of Hamon Life Management Limited
resolved to voluntarily liquidate the company's business.

Only creditors who were able to file their proofs of debt by
September 12, 2011, will be included in the company's dividend
distribution.

The company's liquidator is:

         Perfect Versino Holdings Limited
         c/o John Trehey
         Maples and Calder, Attorneys-at-law
         The Center, 53rd Floor
         99 Queen's Road Central
         Hong Kong


HMTF-LA I: Creditors' Proofs of Debt Due Sept. 23
-------------------------------------------------
The creditors of HMTF-LA I Cable G.P. L.L.C. are required to file
their proofs of debt by September 23, 2011, to be included in the
company's dividend distribution.

The company commenced wind-up proceedings on August 16, 2011.

The company's liquidators are:

         E. Andrew Hersant
         Christopher Humphries
         Stuarts Walker Hersant
         Telephone: (345) 949 3344
         Facsimile:  (345) 949 2888
         P.O. Box 2510 Grand Cayman KY1-1104
         Cayman Islands


HMTF-LA I: Members' Final Meeting Set for Sept. 26
--------------------------------------------------
The members of HMTF-LA I Cable G.P. L.L.C. will hold their final
meeting on September 26, 2011, at 9:00 a.m., to receive the
liquidator's report on the company's wind-up proceedings and
property disposal.

The company's liquidators are:

         E. Andrew Hersant
         Christopher Humphries
         Stuarts Walker Hersant
         Telephone: (345) 949 3344
         Facsimile:  (345) 949 2888
         P.O. Box 2510 Grand Cayman KY1-1104
         Cayman Islands


INGDICK CORPORATION: Creditors' Proofs of Debt Due Sept. 28
-----------------------------------------------------------
The creditors of Ingdick Corporation Ltd are required to file
their proofs of debt by September 28, 2011, to be included in the
company's dividend distribution.

The company commenced wind-up proceedings on August 12, 2011.

The company's liquidator is:

         Commerce Corporate Services Limited
         P.O. Box 694 Grand Cayman
         Cayman Islands
         Telephone: 949 8666
         Facsimile: 949 0626


IOA GP: Creditors' Proofs of Debt Due Sept. 23
----------------------------------------------
The creditors of IOA GP LLC are required to file their proofs of
debt by September 23, 2011, to be included in the company's
dividend distribution.

The company commenced wind-up proceedings on August 16, 2011.

The company's liquidators are:

         E. Andrew Hersant
         Christopher Humphries
         Stuarts Walker Hersant
         Telephone: (345) 949 3344
         Facsimile:  (345) 949 2888
         P.O. Box 2510 Grand Cayman KY1-1104
         Cayman Islands


IOA GP: Members' Final Meeting Set for Sept. 26
-----------------------------------------------
The members of IOA GP LLC will hold their final meeting on
September 26, 2011, at 9:00 a.m., to receive the liquidator's
report on the company's wind-up proceedings and property
disposal.

The company's liquidators are:

         E. Andrew Hersant
         Christopher Humphries
         Stuarts Walker Hersant
         Telephone: (345) 949 3344
         Facsimile:  (345) 949 2888
         P.O. Box 2510 Grand Cayman KY1-1104
         Cayman Islands


IOA LP: Creditors' Proofs of Debt Due Sept. 23
----------------------------------------------
The creditors of IOA LP, LLC, are required to file their proofs
of debt by September 23, 2011, to be included in the company's
dividend distribution.

The company commenced wind-up proceedings on August 16, 2011.

The company's liquidators are:

         E. Andrew Hersant
         Christopher Humphries
         Stuarts Walker Hersant
         Telephone: (345) 949 3344
         Facsimile:  (345) 949 2888
         P.O. Box 2510 Grand Cayman KY1-1104
         Cayman Islands


IOA LP: Members' Final Meeting Set for Sept. 26
-----------------------------------------------
The members of IOA LP, LLC, will hold their final meeting on
September 26, 2011, at 9:00 a.m., to receive the liquidator's
report on the company's wind-up proceedings and property
disposal.

The company's liquidators are:

         E. Andrew Hersant
         Christopher Humphries
         Stuarts Walker Hersant
         Telephone: (345) 949 3344
         Facsimile:  (345) 949 2888
         P.O. Box 2510 Grand Cayman KY1-1104
         Cayman Islands


IOA PRIVATE: Creditors' Proofs of Debt Due Sept. 23
---------------------------------------------------
The creditors of IOA Private LP, L.L.C. are required to file
their proofs of debt by September 23, 2011, to be included in the
company's dividend distribution.

The company commenced wind-up proceedings on August 16, 2011.

The company's liquidators are:

         E. Andrew Hersant
         Christopher Humphries
         Stuarts Walker Hersant
         Telephone: (345) 949 3344
         Facsimile:  (345) 949 2888
         P.O. Box 2510 Grand Cayman KY1-1104
         Cayman Islands


IOA PRIVATE: Members' Final Meeting Set for September 26
--------------------------------------------------------
The members of IOA Private LP, L.L.C. will hold their final
meeting on September 26, 2011, to receive the liquidator's report
on the company's wind-up proceedings and property disposal.

The company's liquidators are:

         E. Andrew Hersant
         Christopher Humphries
         Stuarts Walker Hersant
         Telephone: (345) 949 3344
         Facsimile:  (345) 949 2888
         P.O. Box 2510 Grand Cayman KY1-1104
         Cayman Islands


MADB INVESTMENTS: Commences Liquidation Proceedings
---------------------------------------------------
At an extraordinary meeting held on August 9, 2011, the members
of MADB Investments Limited resolved to voluntarily liquidate the
company's business.

Only creditors who were able to file their proofs of debt by
September 12, 2011, will be included in the company's dividend
distribution.

The company's liquidator is:

         Essa Zainal
         c/o Patricia Tricarico
         Telephone: (345) 949 5122
         Facsimile: (345) 949 7920
         P.O. Box 1111 Grand Cayman KY1-1102
         Cayman Islands


NBS ADVISORS: Creditors' Proofs of Debt Due Sept. 28
----------------------------------------------------
The creditors of NBS Advisors Limited are required to file their
proofs of debt by September 28, 2011, to be included in the
company's dividend distribution.

The company commenced wind-up proceedings on July 18, 2011.

The company's liquidator is:

         Toufic Chahine
         Majdalani Building, 6th Floor
         Maamari Street
         Wardieh-Clemenceau, Beirut 2039-6509
         Lebanon
         Telephone: 011 9611 487542
         Cellular Phone: 011 9613 711411
         Block E, 4th Floor
         Gold Souks, Beirut Central District
         Beirut, Lebanon
         Telephone: 011 9611 487542
         Cellular Phone: 011 9613 711411


OTEMACHI INVESTMENTS: Commences Liquidation Proceedings
-------------------------------------------------------
On August 10, 2011, the members of Otemachi Investments resolved
to voluntarily liquidate the company's business.

Only creditors who were able to file their proofs of debt by
September 12, 2011, will be included in the company's dividend
distribution.

The company's liquidator is:

         Perfect Versino Holdings Limited
         c/o John Trehey
         Maples and Calder, Attorneys-at-law
         The Center, 53rd Floor
         99 Queen's Road Central
         Hong Kong


PANAM SPORTS GP: Creditors' Proofs of Debt Due Sept. 23
-------------------------------------------------------
The creditors of Panam Sports G.P. L.L.C. are required to file
their proofs of debt by September 23, 2011, to be included in the
company's dividend distribution.

The company commenced wind-up proceedings on August 16, 2011.

The company's liquidators are:

         E. Andrew Hersant
         Christopher Humphries
         Stuarts Walker Hersant
         Telephone: (345) 949 3344
         Facsimile:  (345) 949 2888
         P.O. Box 2510 Grand Cayman KY1-1104
         Cayman Islands


PANAM SPORTS GP: Members' Final Meeting Set for Sept. 26
--------------------------------------------------------
The members of Panam Sports G.P. L.L.C. will hold their final
meeting on September 26, 2011, to receive the liquidator's report
on the company's wind-up proceedings and property disposal.

The company's liquidators are:

         E. Andrew Hersant
         Christopher Humphries
         Stuarts Walker Hersant
         Telephone: (345) 949 3344
         Facsimile:  (345) 949 2888
         P.O. Box 2510 Grand Cayman KY1-1104
         Cayman Islands


PANAM SPORTS FUND: Creditors' Proofs of Debt Due Sept. 23
---------------------------------------------------------
The creditors of Panam Sports Fund IV G.P. L.L.C. are required to
file their proofs of debt by September 23, 2011, to be included
in the company's dividend distribution.

The company commenced wind-up proceedings on August 16, 2011.

The company's liquidators are:

         E. Andrew Hersant
         Christopher Humphries
         Stuarts Walker Hersant
         Telephone: (345) 949 3344
         Facsimile:  (345) 949 2888
         P.O. Box 2510 Grand Cayman KY1-1104
         Cayman Islands


PANAM SPORTS FUND: Members' Final Meeting Set for Sept. 26
----------------------------------------------------------
The members of Panam Sports Fund IV G.P. L.L.C. will hold their
final meeting on September 26, 2011, to receive the liquidator's
report on the company's wind-up proceedings and property
disposal.

The company's liquidators are:

         E. Andrew Hersant
         Christopher Humphries
         Stuarts Walker Hersant
         Telephone: (345) 949 3344
         Facsimile:  (345) 949 2888
         P.O. Box 2510 Grand Cayman KY1-1104
         Cayman Islands


PEQUOT HEALTHCARE: Creditors' Proofs of Debt Due Sept. 28
---------------------------------------------------------
The creditors of Pequot Healthcare Emerging Markets Fund, Ltd.
are required to file their proofs of debt by September 28, 2011,
to be included in the company's dividend distribution.

The company commenced liquidation proceedings on August 15, 2011.

The company's liquidator is:

         Walkers Corporate Services Limited
         Walker House, 87 Mary Street, George Town
         Grand Cayman KY1-9005
         Cayman Islands
         c/o Jennifer Chailler
         Telephone: (345) 814 6847


TAIWAN SPECIAL: Creditors' Proofs of Debt Due Sept. 28
------------------------------------------------------
The creditors of Taiwan Special Opportunities Fund III are
required to file their proofs of debt by September 28, 2011, to
be included in the company's dividend distribution.

The company commenced liquidation proceedings on December 9,
2009.

The company's liquidator is:

         Russell Smith
         BDO CRI (Cayman) Ltd.
         Floor 2 Building 3
         Governors Square
         23 Lime Tree Bay Ave
         PO Box 31229 Grand Cayman KY1 1205
         Cayman Islands
         Telephone: (345) 769-8820
         e-mail: rsmith@bdo.ky


======================
E L   S A L V A D O R
======================


* EL SALVADOR: Gets US$45MM IDB Loan for Public Transport System
----------------------------------------------------------------
The Inter-American Development Bank approved a US$45 million loan
to help El Salvador design, organize and implement an integrated
public transportation system that will cut travel time,
transportation costs and traffic accidents across the San
Salvador Metropolitan Area.

The project aims to improve public transit and general traffic in
the San Salvador Metropolitan Area.  It will help structure the
city's public transport sector, providing sustainable mobility
opportunities and safe transportation for the population as well
as enhancing economic and social development.

The project calls for 5.3 km of preferential lanes dedicated to a
high-capacity bus service, which aims to cut travel time by 20
percent along the Soyapango-Metrocentro corridor.  Boosting
accessibility and overall attractiveness of the service, the new
transportation system is expected to transport 200,000 passengers
per day in 2014, compared to 160,000 in 2011.

In addition to the segregated bus lanes, a mixed traffic corridor
of approximately 2.5 km will be implemented.  Sidewalks leading
to the integration terminals and stops along the corridor will
facilitate access by pedestrians.  Feeder routes from outlying
neighborhoods and peripheral towns will connect with the trunk
route at the newly-built Soyapango terminal, increasing passenger
volume and effectiveness of the service.

An integrated fare system covering both the trunk corridor as
well as the feeder system will make the service affordable for
poorer segments of the population, increasing their access to the
job market.  Fares will be collected on the basis of prepaid
cards, rendering cash redundant and making public transport safer
for both citizens and bus drivers.

The four-year project includes training activities for current
bus operators, who will be granted operation of the high-capacity
buses on a concessional basis.  An operations control center will
schedule and control the buses, regulating the supply provided by
bus operators.

The IDB loan has an amortization period of 25 years with a grace
period of 4 years and a LIBOR-based interest rate.


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


CL FIN'L: Finance Minister Unveils Plan to Solve CLICO Demise
-------------------------------------------------------------
Guardian Media reports that Trinidad & Tobago Finance Minister
Winston Dookeran unveiled an enhanced plan for settlement of the
Colonial Life Insurance Company (Trinidad) Limited (CLICO) issue.
CLICO is a subsidiary of CL Financial Limited.

Minister Dookeran presented the Purchase of Certain Rights and
validation Bill 2011, which is intended to bring government
closer to resolution of the Clico financial bailout issue, to the
House of Representatives for debate, according to Guardian Media.

The report notes that Minister Dookeran said the government was
seeking to put back certain legal provisions to ensure the
company could be restructured without the threat of legal
challenges.

Minister Dookeran, Guardian Media relates, said the plan provided
for the issuance of bonds to be used to retire the remaining
indebtedness of policyholders.  The report relays that Minister
Dookeran said the bonds to be issued possess several features to
facilitate their easy administration and minimize the hardships
already experienced by investors.

Guardian Media notes Minister Dookeran said the bonds were to be
issued in electronic form because it was a more efficient system
of managing bonds.

Guardian Media discloses that the bill provides for the minister
to make payment in any form, provides for the bonds to bear the
same issue date, despite the date of acceptance by holders, and
mutual fund investors.

The plan also provides for:

   * The bonds to issued in denominations of TT$1,000 to
     facilitate the eventual trading of the bonds on the
     secondary market;

   * Bonds shall not be listed on the stock exchange for a period
     of six months from the date of issue in an effort to make
     them more attractive for the holders and mutual funds
     investors to sell their bonds over the counter thereby
     maximizing their potential recovery; and

   * The bonds shall be deemed securities in respect of which
     registration with the Securities and Exchange Commission is
     not required so as to circumvent any administrative delays
     associated with having the bonds registered at securities.

The bill will ease the hardships faced by approximately 16,000
persons who hold deposits and mutual funds with Clico and British
American (Trinidad) Insurance Company to the value of more than
TT$75,000, Guardian Media says.

Minister Dookeran said the bill provided for government to buy
the relevant rights, by making payments in any form, including
through the issue of bonds, on assumption that 100% of the
investors would offer the Government's offer of payments,
Guardian Media notes.

Minister Dookeran added that the bonds would not exceed, as the
aggregate, the sum of TT$10.7 billion and would result of an
annual cost of TT$500 million, Guardian Media discloses.

He said after prolonged discussion, involving the Government, the
Central Bank and the representatives of the financial sector "we
have now enhanced the payout regime that results in the
substantial increase in the returns to the investor."

"While this new proposal retains a discounting mechanism for the
Government bonds of one to ten years maturity, it introduces a
new mechanism for the longer maturity bonds, designed to
significantly increase the return to investors in the over
$75,000 category. . . . This new mechanism utilises the RBL
(Republic Bank) shares currently held by Clico in a trust
earmarked to benefit the Clico investors and we call it NEL 2,"
Guardian Media quoted Minister Dookeran as saying.

                       About CL Financial

CL Financial Group Limited is a privately held conglomerate in
Trinidad and Tobago.  Founded as an insurance company by Cyril
Duprey, Colonial Life Insurance Company 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 TCR-LA 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.


CL FIN'L: Clico Policyholders Sets Court Suit Against Deloitte
--------------------------------------------------------------
NationNews.com reports that policyholders in the Colonial Life
Insurance Company (Trinidad) Limited (CLICO)/ British American
Insurance Co. (BAICO) debacle have set for a court suit to be
lodged against judicial manager Deloitte Consulting Limited for
its withholding of information on CLICO's current operations.

The deadline for the suit is set no later than September 30,
according to NationNews.com.

CLICO and BAICO are subsidiaries of CL Financial Limited.

"There are no more ifs and buts," June Fowler, head of the
Barbados Investors and Policyholders Alliance Inc. (BIPA), told
the SUNDAY SUN in an interview, NationNews.com relates.

NationNews.com relays that Ms. Fowler noted that members were
currently "data-gathering" and collecting other information to be
submitted to the group's attorney Tarqi Khan.  "We are pushing
ahead with our plan," she added, NationNews.com discloses.

Ms. Fowler complained that there had been no response to BIPA's
demands submitted through 300 plus signed members' letters more
than three weeks ago, the report adds.

                        About CL Financial

CL Financial Group Limited is a privately held conglomerate in
Trinidad and Tobago.  Founded as an insurance company by Cyril
Duprey, Colonial Life Insurance Company 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 TCR-LA 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.


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


* BOND PRICING: For the Week September 12, to September 16, 2011
----------------------------------------------------------------

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

ARGENTINA
---------

ARGENT-$DIS           8.28     12/31/2033    USD         73.73
ARGENT-PAR            1.18     12/31/2038    ARS         53.67
ARGENT- DIS           7.82     12/31/2033    EUR            66
ARGENT- DIS           7.82     12/31/2033    EUR         67.75
ARGENT- DIS           4.33     12/31/2033    JPY            42
ARGENT- PAR&GDP       0.45     12/31/2038    JPY          8
BODEN 2014            2         9/30/2014    ARS            33
BOGAR 2018            2          2/4/2018    ARS          30.8


CAYMAN ISLAND
-------------

BANCO BPI (CI)         4.15   11/14/2035       EUR        31.4
BCP FINANCE BANK       5.01    3/31/2024       EUR        74.5
BCP FINANCE CO         5.54                    EUR        36.18
BCP FINANCE CO         4.23                    EUR        36.41
BES FINANCE LTD        5.58                    EUR        36.43
BES FINANCE LTD        4.5                     EUR        40.08
BES FINANCE LTD        5.77     2/7/2035       EUR        46.13
CHAODA MOD AGRI        3.7      9/1/2015       USD        76
CHINA FORESTRY         10.25   11/17/2015      USD        80
CHINA FORESTRY         10.25   11/17/2015      USD        74
CHINA MED TECH          6.25   12/15/2016      USD        64.45
CHINA MED TECH          4       8/15/2013      USD        69.5
CHINA SUNERGY           4.75    6/15/2013      USD        53
EFG ORA FUNDING         1.7    10/29/2014      EUR        50.43
ESFG INTERNATION        5.75                   EUR        38
IMCOPA INTL CAYM        5      12/19/2014      USD        33
JINKOSOLAR HOLD         4       5/15/2016      USD        69.34
SOLARFUN POWER H        3.5     1/15/2018      USD        69.75
SOLARFUN POWER H        3.5     1/15/2018      USD        69.67
SUNTECH POWER           3       3/15/2013      USD        66.66
SUNTECH POWER           3       3/15/2013      USD        68

CHILE
-----

AGUAS NUEVAS            3.4     5/15/2012      CLP         1.154
CGE DISTRIBUCION        3.25   12/1/2012       CLP         29.73
ESVAL S.A.              3.8     7/15/2012      CLP         24.87
LA POLAR SA             3.8    10/10/2017      CLP         51.34
MASISA                  4.25   10/15/2012      CLP         29.77
QUINENCO SA             3.5     7/21/2013      CLP         24.73


PUERTO RICO
-----------

PUERTO RICO CONS         6.2     5/1/2017      USD         59.56
PUERTO RICO CONS         6.5     4/1/2016      USD         60.73

VENEZUELA
---------

PETROLEOS DE VEN         5.5    4/12/2037      USD         45.17
PETROLEOS DE VEN         5.37   4/12/2027      USD         48.36
PETROLEOS DE VEN         5.25   4/12/2017      USD         59.79
PETROLEOS DE VEN         5.12  10/28/2016      USD         60.74
PETROLEOS DE VEN         5     10/28/2015      USD         65.18
PETROLEOS DE VEN         8.5    11/2/2017      USD         71.11
PETROLEOS DE VEN         8.5    11/2/2017      USD         71.41
PETROLEOS DE VEN         4.9   10/28/2014      USD         73.49
VENEZUELA                7      3/31/2038      USD         55.88
VENEZUELA                7       3/31/2038     USD         55.75
VENEZUELA                6       12/9/2020     USD         59
VENEZUELA                7.65    4/21/2025     USD         60.25
VENEZUELA                8.25   10/13/2024     USD         64.25
VENEZUELA                9.25     5/7/2028     USD         67
VENEZUELA                7.75   10/13/2019     USD         68
VENEZUELA                9        5/7/2023     USD         68
VENEZUELA                7       12/1/2018     USD         70
VENEZUELA                9.25    9/15/2027     USD         69.35
VENEZUELA                9.25    9/15/2027     USD         67.50


                            ***********


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. Agravante, Rousel Elaine
T. Fernandez, Valerie U. Pascual, Psyche A. Castillon, Ivy B.
Magdadaro, Frauline S. Abangan, and Peter A. Chapman, Editors.

Copyright 2011.  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 * * *