/raid1/www/Hosts/bankrupt/TCRLA_Public/110927.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
Tuesday, September 27, 2011, Vol. 12, No. 191
Headlines
A R G E N T I N A
FIDEICOMISO FINANCIERO: Moody's Puts 'B2' GSR to Debt Securities
METROGAS SA: YPF SA Extends Until Oct. 5 Its Option to Buy Firm
SUPERVIELLE CREDITO: Moody's Gives Ca.ar Rating to ARS4.8MM Notes
B E R M U D A
ADIA FUNDING: Creditors' Proofs of Debt Due Oct. 7
ADIA FUNDING: Sole Member to Receive Wind-Up Report on Oct. 27
CIT VENDOR: Creditors' Proofs of Debt Due Oct. 7
CIT VENDOR: Sole Member to Receive Wind-Up Report on Oct. 27
LAP MAN: Creditors' Proofs of Debt Due Oct. 5
LAP MAN: Sole Member to Receive Wind-Up Report on Oct. 28
SAGECREST HOLDINGS: Court Taps Calow as Provisional Liquidator
SCFR LIMITED: Court Appoints Calow as Provisional Liquidator
B R A Z I L
DIAGNOSTICOS DA AMERICA: S&P Affirms 'BB' Global Scale Rating
C A Y M A N I S L A N D S
ALPHASELECT GC: Shareholder to Receive Wind-Up Report on Sept. 30
ALPHASELECT GLG EEF: Member to Get Wind-Up Report on Sept. 30
ALPHASELECT GLG GLAS: Member to Get Wind-Up Report on Sept. 30
BRAHAM PARTNERS IV: Shareholder to Get Wind-Up Report on Oct. 21
CENTURION ASIAN: Shareholders' Final Meeting Set for Sept. 30
CENTURION ASIAN: Shareholders' Final Meeting Set for Sept. 30
CHELSTON FUND: Shareholders' Final Meeting Set for Oct. 5
CREDIT LINKED: Shareholder to Receive Wind-Up Report on Sept. 30
FUND ACCESS: Shareholder to Receive Wind-Up Report on Sept. 30
GLS 193 TRADING: Shareholder to Get Wind-Up Report on Sept. 30
GPS INCOME: Shareholder to Receive Wind-Up Report on Oct. 14
GPS NEW: Shareholder to Receive Wind-Up Report on Oct. 14
MA APHELION: Shareholder to Receive Wind-Up Report on Sept. 30
MA GARTMORE: Shareholder to Receive Wind-Up Report on Sept. 30
MA GLS 193: Shareholder to Receive Wind-Up Report on Sept. 30
SHEERWATER LTD: Shareholders' Final Meeting Set for Sept. 30
SIAM INVESTORS: Shareholders' Final Meeting Set for Sept. 30
OXBRIDGE FAMILY: Members' Final Meeting Set for Oct. 4
PRS GLOBAL: Shareholder to Receive Wind-Up Report on Sept. 30
TUDOR BVI: Shareholder to Receive Wind-Up Report on Oct. 6
M E X I C O
CEMEX SAB: S&P Puts 'B' Global Scale Rating on Watch Negative
T R I N I D A D & T O B A G O
CL FIN'L: Deloitte Consulting Seeks Governments' Support on Plan
X X X X X X X X
* Large Companies With Insolvent Balance Sheets
- - - - -
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A R G E N T I N A
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FIDEICOMISO FINANCIERO: Moody's Puts 'B2' GSR to Debt Securities
----------------------------------------------------------------
Moody's assigns a rating of Aa3.ar to Fideicomiso Financiero
Moody's Latin America has assigned a rating of Aa3.ar (Argentine
National Scale) and of B2 (Global Scale, Local Currency) to the
debt securities of Fideicomiso Financiero Multipyme XIII.
Ratings Rationale
The rated securities are backed by a pool of bills of exchange
signed by agricultural producers in Argentina. The bills of
exchange are guaranteed by Garantizar S.G.R., which is a financial
guarantor in Argentina. Garantizar has a local currency national
scale rating of Aa3.ar and a global local currency rating of B2.
Bapro Mandatos y Negocios S.A. (Issuer and Trustee) issued one
class of debt securities denominated in Argentine pesos. The
rated securities will bear a 5% annual interest rate.
The rated securities will be repaid from cash flow arising from
the assets of the Trust, constituted by a pool of fixed rate bills
of exchange denominated in US dollars signed by agricultural
producers and guaranteed by Garantizar S.G.R. The bills of
exchange will have the same interest rate as the rated securities.
The promise to investors is to receive the payment of interest and
principal by the legal final maturity of the transaction.
Although the rated securities (and the bills of exchange) are
denominated in US dollars, they are payable in Argentine pesos at
the exchange rate published by Banco de la Nacion Argentina as of
the day prior to the date that the funds are initially deposited
into the Trust account. As a result, the dollar is used as a
currency of reference and not as a mean of payment. For that
reason, the transaction is considered to be denominated in local
currency.
If eight days before each payment date, the funds on deposit in
the trust account are not sufficient to make payments to
investors, the Trustee is obligated to request Garantizar to make
payment under the bills of exchange. Garantizar, in turn, will
have five days to make this payment into the trust account. Under
the terms of the transaction documents, the trustee has up to two
days to distribute interest and principal payments to investors.
Interest on the securities will accrue up to the date on which the
funds are initially deposited by either Garantizar, the exporter,
or the individual producers into the Trust account.
The designated Trustee in this transaction is Bapro Mandatos y
Negocios S.A., which is Banco de la Provincia de Buenos Aires'
trustee company.
METROGAS SA: YPF SA Extends Until Oct. 5 Its Option to Buy Firm
---------------------------------------------------------------
Rodrigo Orihuela at Bloomberg News reports that YPF SA,
Argentina's largest energy company, extended until Oct. 5 an
option to buy BG Group Plc's local unit Metrogas SA.
YPF SA "decided to make use of the extension option," Gas
Argentino SA, Metrogas's holding company, said in a regulatory
filing, according to Bloomberg.
BG Group is Gas Argentino's controlling shareholder with a 54.6%
stake, while YPF owns the rest.
YPF would need regulatory approval to acquire the BG stake as well
as approval from Metrogas SA shareholders, Bloomberg notes.
About Metrogas SA
Buenos Aires, Argentina-based MetroGAS S.A., which listed its
American Depositary Shares on the New York Stock Exchange and
Buenos Aires Stock Exchange in November 1994, is Argentina's
largest natural gas distribution company in terms of number of
customers and volume of gas deliveries, according to the 2010
annual report of ENARGAS, an agency of the Argentine Government,
which has broad authority over the gas distribution and
transportation industries, including their tariffs. The Company
has approximately 2.2 million customers in its service area (the
city of Buenos Aires and southern and eastern greater metropolitan
Buenos Aires). The Company is one of nine natural gas
distribution companies formed in connection with the privatization
of Gas del Estado.
The suspension of the original regime for tariff adjustments and
the inability to generate sufficient cash flows to pay its
financial debt obligations led the Company to file a petition for
a voluntary reorganization proceeding (concurso preventivo) in an
Argentine court on June 17, 2010.
SUPERVIELLE CREDITO: Moody's Gives Ca.ar Rating to ARS4.8MM Notes
-----------------------------------------------------------------
Moody's Latin America has rated the debt securities and
certificates of Fideicomiso Financiero Supervielle Creditos Banex
51 issued by Deustche Bank S.A. -- acting solely in its capacity
as Issuer and Trustee.
- ARS30,000,000 in Class A Fixed Rate Debt Securities of
"Fideicomiso Financiero Supervielle Creditos Banex 51", rated
Aaa.ar (sf) (Argentine National Scale) and Ba1 (sf) (Global
Scale, Local Currency)
- ARS75,600,000 in Floating Rate Debt Securities of "Fideicomiso
Financiero Supervielle Creditos Banex 51", rated Aaa.ar (sf)
(Argentine National Scale) and Ba1 (sf) (Global Scale, Local
Currency)
- ARS9,600,000 in Class C Fixed Rate Debt Securities of
"Fideicomiso Financiero Supervielle Creditos Banex 51", rated
A2.ar (sf) (Argentine National Scale) and B3 (sf) (Global Scale,
Local Currency)
- ARS4,800,000 in Certificates of "Fideicomiso Financiero
Supervielle Creditos Banex 51", rated Ca.ar (sf) (Argentine
National Scale) and Ca (sf) (Global Scale, Local Currency)
Ratings Rationale
The rated securities are payable from the cash flow coming from
the assets of the trust, which is an amortizing pool of
approximately 22,690 eligible personal loans denominated in
Argentine pesos, with a fixed interest rate, originated by Banco
Supervielle, in an aggregate amount of ARS120,005,349
These personal loans are granted to pensioners that receive their
monthly pensions from ANSES (Argentina's National Governmental
Agency of Social Security - Administracion Nacional de la
Seguridad Social). The pool is also constituted by loans granted
to government employees of the Province of San Luis. Banco
Supervielle is the payment agent entity and automatically deducts
the monthly loan installment directly from the employee's paycheck
and pensioner's payment.
The Class A Fixed Rate Debt Securities will bear a fixed interest
rate of 13.50%. The Floating Rate Debt Securities will bear a
BADLAR interest rate plus a spread of 419 bp. The Floating Rate
Debt Securities' interest rate will never be higher than 23% or
lower than 13%. The Class C Fixed Rate Securities will bear a
fixed interest rate of 21%.
Overall credit enhancement is comprised of subordination: 75% for
the Class A Fixed Rate Debt Securities, 12% for the Floating Rate
Securities and 4% for the Class C Fixed Rate Securities. In
addition the transaction has various reserve funds and excess
spread.
Moody's considered the credit enhancement provided in this
transaction through the initial subordination levels for each
rated class, as well as the historical performance of
Supervielle's portfolio. In addition, Moody's considered factors
common to consumer loans securitizations such as delinquencies,
prepayments and losses; as well as specific factors related to the
Argentine market, such as the probability of an increase in losses
if there are changes in the macroeconomic scenario in Argentina.
These factors were incorporated in a cash flow model that takes
into account all the relevant features of the transaction's assets
and liabilities. Monte Carlo simulations were run, which
determines the expected loss for the rated securities.
Moody's considered factors common to consumer loans
securitizations such as delinquencies, prepayments and losses; as
well as specific factors related to the Argentine market. These
factors were incorporated in a cash flow model in order to
determine the expected loss for the rated securities. Finally,
Moody's also evaluated the back-up servicing arrangements in the
transaction.
In assigning the rating to this transaction, Moody's assumed a
triangular distribution for defaults on the main pool centered
around a most likely scenario of 10%, a minimum of 5% and a
maximum of 20%. Also, Moody's assumed a triangular distribution
for prepayments centered around a most likely scenario of 20%, a
minimum of 15% and a maximum of 35%. These assumptions are
derived from the historical performance to date of the Banex's
pools.
The model results showed 0.00% expected loss for Class A Fixed
Rate Debt Securities and Floating Rate Debt Securities, 11.32%
expected loss for Class C Fixed Rate Debt Securities and 50.93%
for the Certificates.
Moody's ran several stress scenarios, including increases in the
default rate assumptions. If default rates were increased 6% from
the base case scenario for the pool (i.e., most likely scenario of
16%, a minimum of 11% and a maximum of 26%), the ratings of the
Classes A and Floating Rate securities would be unchanged. The
ratings for Class C Fixed Rate debt securities and Certificates
would be downgraded to Ca (sf) and C (sf) respectively.
Moody's also considered the risk that a disruption in the flow of
payments from ANSES or the government of San Luis to pensioners
and employees respectively, could severely affect the performance
of the pool. Moody's believes that the ratings assigned are
consistent with this risk.
Finally, Moody's also evaluated the back-up servicing arrangements
in the transaction. If Banco Supervielle is removed as servicer,
Deustche Bank S.A. will be appointed as the back-up servicer.
The main source of uncertainty for this transaction is the
regulatory and legal framework for the automatic deduction loans
in Argentina.
=============
B E R M U D A
=============
ADIA FUNDING: Creditors' Proofs of Debt Due Oct. 7
--------------------------------------------------
The creditors of Adia Funding Limited are required to file their
proofs of debt by Oct. 7, 2011, to be included in the company's
dividend distribution.
The company commenced wind-up proceedings on Sept. 15, 2011.
The company's liquidator is:
Robin J. Mayor
Clarendon House, 2 Church Street
Hamilton HM 11
Bermuda
ADIA FUNDING: Sole Member to Receive Wind-Up Report on Oct. 27
--------------------------------------------------------------
The sole member of Adia Funding Limited will receive on Oct. 27,
2011, at 9:30 a.m., the liquidator's report on the company's wind-
up proceedings and property disposal.
The company's liquidator is:
Robin J. Mayor
Clarendon House, 2 Church Street
Hamilton HM 11
Bermuda
CIT VENDOR: Creditors' Proofs of Debt Due Oct. 7
-----------------------------------------------
The creditors of CIT Vendor Finance Note Purchasing, Ltd. are
required to file their proofs of debt by Oct. 7, 2011, to be
included in the company's dividend distribution.
The company commenced wind-up proceedings on Sept. 20, 2011.
The company's liquidator is:
Robin J. Mayor
Clarendon House, 2 Church Street
Hamilton HM 11
Bermuda
CIT VENDOR: Sole Member to Receive Wind-Up Report on Oct. 27
------------------------------------------------------------
The sole member of CIT Vendor Finance Note Purchasing, Ltd. will
receive on Oct. 27, 2011, at 9:30 a.m., the liquidator's report on
the company's wind-up proceedings and property disposal.
The company's liquidator is:
Robin J. Mayor
Clarendon House, 2 Church Street
Hamilton HM 11
Bermuda
LAP MAN: Creditors' Proofs of Debt Due Oct. 5
---------------------------------------------
The creditors of LAP Man IP 220 Class U2 USD Trading Ltd are
required to file their proofs of debt by Oct. 5, 2011, to be
included in the company's dividend distribution.
The company commenced wind-up proceedings on Sept. 16, 2011.
The company's liquidator is:
Beverly Mathias
c/o Argonaut Limited
Argonaut House, 5 Park Road
Hamilton HM O9
Bermuda
LAP MAN: Sole Member to Receive Wind-Up Report on Oct. 28
---------------------------------------------------------
The sole member of LAP Man IP 220 Class U2 USD Trading Ltd will
receive on Oct. 28, 2011, at 9:30 a.m., the liquidator's report on
the company's wind-up proceedings and property disposal.
The company's liquidator is:
Beverly Mathias
c/o Argonaut Limited
Argonaut House, 5 Park Road
Hamilton HM O9
Bermuda
SAGECREST HOLDINGS: Court Taps Calow as Provisional Liquidator
--------------------------------------------------------------
On Sept. 13, 2011, the Supreme Court of Bermuda appointed Garth
Calow as the provisional liquidator of Sagecrest Holdings Limited.
SCFR LIMITED: Court Appoints Calow as Provisional Liquidator
------------------------------------------------------------
On Sept. 13, 2011, the Supreme Court of Bermuda appointed Garth
Calow as the provisional liquidator of SCFR Limited.
===========
B R A Z I L
===========
DIAGNOSTICOS DA AMERICA: S&P Affirms 'BB' Global Scale Rating
-------------------------------------------------------------
Standard & Poor's Ratings Services affirmed its ratings on Brazil-
based diagnostic services company Diagnosticos da America S.A.
(DASA), including the 'BB' global scale and 'brAA-' Brazilian
national scale corporate credit ratings. The outlook remained
stable.
"We believe DASA's operating margins will keep improving, on a
slower pace of acquisitions and more focus on integrating and
capturing synergies from its expanded asset portfolio," said
Standard & Poor's credit analyst Debora Confortini.
"We expect that the company will remain acquisitive but focused on
smaller businesses that add to its existing portfolio and allow
for quick turnaround of their operations. The company has
benefited from economies of scale from its past acquisitions,
improving its credit metrics and market position gradually," S&P
stated.
Currently, DASA has more efficient operations and a more
diversified service portfolio with well-established positioning of
its many brands. The company has used its positive cash
generation to deleverage and improve liquidity.
The ratings on Brazil-based DASA reflect its challenges to
integrate acquired laboratories into its operating model and its
exposure to the competitive and fragmented diagnostics industry,
one with relatively low barriers to entry. They also consider,
though to a lesser extent, the company's plans to keep growing
through acquisitions.
DASA's market leadership in Brazil, quality improvements in its
clinical and image diagnostics operations, efficient multibrand
platform, and increasing business diversification by region,
customer, and income level partially mitigate these risks. DASA
can also take advantage of favorable long-term prospects for
Brazil's diagnostics industry because of rising life expectancy
and greater access to health insurance.
Ratings List
Ratings Affirmed
Diagnosticos da America S.A.
Corporate Credit Rating
Global Scale BB/Stable/--
National Scale brAA-/Stable/--
Senior Unsecured
Global Scale BB
National Scale brAA-
===========================
C A Y M A N I S L A N D S
===========================
ALPHASELECT GC: Shareholder to Receive Wind-Up Report on Sept. 30
-----------------------------------------------------------------
The shareholder of Alphaselect GC Limited will receive on
Sept. 30, 2011, the liquidator's report on the company's wind-up
proceedings and property disposal.
The company's liquidator is:
David Dyer
Telephone: (345)949-8244
Facsimile: (345)949-5223
P.O. Box 1984 Grand Cayman KY1-1104
Cayman Islands
ALPHASELECT GLG EEF: Member to Get Wind-Up Report on Sept. 30
-------------------------------------------------------------
The member of Alphaselect GLG EEF Limited will receive on
Sept. 30, 2011, the liquidator's report on the company's wind-up
proceedings and property disposal.
The company's liquidator is:
David Dyer
Telephone: (345)949-8244
Facsimile: (345)949-5223
P.O. Box 1984 Grand Cayman KY1-1104
Cayman Islands
ALPHASELECT GLG GLAS: Member to Get Wind-Up Report on Sept. 30
--------------------------------------------------------------
The member of Alphaselect GLG GLAS Limited will receive on
Sept. 30, 2011, the liquidator's report on the company's wind-up
proceedings and property disposal.
The company's liquidator is:
David Dyer
Telephone: (345)949-8244
Facsimile: (345)949-5223
P.O. Box 1984 Grand Cayman KY1-1104
Cayman Islands
BRAHAM PARTNERS IV: Shareholder to Get Wind-Up Report on Oct. 21
----------------------------------------------------------------
The shareholder of Braham Partners IV Offshore Ltd will receive on
Oct. 21, 2011, at 10:00 a.m., the liquidator's report on the
company's wind-up proceedings and property disposal.
The company's liquidator is:
Vijayabalan Murugesu
c/o Tom Parsons, Jr.
Telephone: (345) 815-1403
Facsimile: (345) 945-6265
CENTURION ASIAN: Shareholders' Final Meeting Set for Sept. 30
-------------------------------------------------------------
The shareholders of Centurion Asian Fund of Hedge Funds will hold
their final meeting on Sept. 30, 2011, at 11:30 a.m., to receive
the liquidator's report on the company's wind-up proceedings and
property disposal.
The company's liquidator is:
Walkers Corporate Services Limited
Walker House, 87 Mary Street, George Town
Grand Cayman KY1-9002
Cayman Islands
c/o Jennifer Chailler
Telephone: (345) 814 6847
CENTURION ASIAN: Shareholders' Final Meeting Set for Sept. 30
-------------------------------------------------------------
The shareholders of Centurion Asian Master Fund will hold their
final meeting on Sept. 30, 2011, at 11:15 a.m., to receive the
liquidator's report on the company's wind-up proceedings and
property disposal.
The company's liquidator is:
Walkers Corporate Services Limited
Walker House, 87 Mary Street, George Town
Grand Cayman KY1-9002
Cayman Islands
c/o Jennifer Chailler
Telephone: (345) 814 6847
CHELSTON FUND: Shareholders' Final Meeting Set for Oct. 5
---------------------------------------------------------
The shareholders of Chelston Fund Holdings Inc. will hold their
final meeting on Oct. 5, 2011, at 10:00 a.m., to receive the
liquidator's report on the company's wind-up proceedings and
property disposal.
The company's liquidator is:
H&J Corporate Services (Cayman) Ltd.
Anderson Square, 5th Floor
Shedden Road
PO Box 866, Grand Cayman KY1-1103
Cayman Islands
Telephone: (345) 949 7555
CREDIT LINKED: Shareholder to Receive Wind-Up Report on Sept. 30
----------------------------------------------------------------
The shareholder of Credit Linked Notes Ltd. 2005-1 will receive on
Sept. 30, 2011, the liquidator's report on the company's wind-up
proceedings and property disposal.
The company's liquidator is:
David Dyer
Telephone: (345)949-8244
Facsimile: (345)949-5223
P.O. Box 1984 Grand Cayman KY1-1104
Cayman Islands
FUND ACCESS: Shareholder to Receive Wind-Up Report on Sept. 30
--------------------------------------------------------------
The shareholder of Fund Access ARB Limited will receive on
Sept. 30, 2011, the liquidator's report on the company's wind-up
proceedings and property disposal.
The company's liquidator is:
David Dyer
Telephone: (345)949-8244
Facsimile: (345)949-5223
P.O. Box 1984 Grand Cayman KY1-1104
Cayman Islands
GLS 193 TRADING: Shareholder to Get Wind-Up Report on Sept. 30
--------------------------------------------------------------
The shareholder of GLS 193 Trading Limited will receive on
Sept. 30, 2011, the liquidator's report on the company's wind-up
proceedings and property disposal.
The company's liquidator is:
David Dyer
Telephone: (345)949-8244
Facsimile: (345)949-5223
P.O. Box 1984 Grand Cayman KY1-1104
Cayman Islands
GPS INCOME: Shareholder to Receive Wind-Up Report on Oct. 14
------------------------------------------------------------
The sole shareholder of GPS Income Fund (Cayman) Ltd. will receive
on Oct. 14, 2011, at 2:00 p.m., the liquidator's report on the
company's wind-up proceedings and property disposal.
The company's liquidator is:
Ogier
c/o Jonathan Bernstein
89 Nexus Way, Camana Bay
Grand Cayman KY1-9007
Cayman Islands
Telephone: (345) 815.1897
Facsimile: (345) 949-9877
GPS NEW: Shareholder to Receive Wind-Up Report on Oct. 14
---------------------------------------------------------
The sole shareholder of GPS New Equity Fund (Cayman) Ltd. will
receive on Oct. 14, 2011, at 2:00 p.m., the liquidator's report on
the company's wind-up proceedings and property disposal.
The company's liquidator is:
Ogier
c/o Jonathan Bernstein
89 Nexus Way, Camana Bay
Grand Cayman KY1-9007
Cayman Islands
Telephone: (345) 815.1897
Facsimile: (345) 949-9877
MA APHELION: Shareholder to Receive Wind-Up Report on Sept. 30
--------------------------------------------------------------
The shareholder of MA Aphelion Limited will receive on Sept. 30,
2011, the liquidator's report on the company's wind-up proceedings
and property disposal.
The company's liquidator is:
David Dyer
Telephone: (345)949-8244
Facsimile: (345)949-5223
P.O. Box 1984 Grand Cayman KY1-1104
Cayman Islands
MA GARTMORE: Shareholder to Receive Wind-Up Report on Sept. 30
--------------------------------------------------------------
The shareholder of MA Gartmore Latin America L/S Fund will receive
on Sept. 30, 2011, the liquidator's report on the company's wind-
up proceedings and property disposal.
The company's liquidator is:
David Dyer
Telephone: (345)949-8244
Facsimile: (345)949-5223
P.O. Box 1984 Grand Cayman KY1-1104
Cayman Islands
MA GLS 193: Shareholder to Receive Wind-Up Report on Sept. 30
-------------------------------------------------------------
The shareholder of MA GLS 193 will receive on Sept. 30, 2011, the
liquidator's report on the company's wind-up proceedings and
property disposal.
The company's liquidator is:
David Dyer
Telephone: (345)949-8244
Facsimile: (345)949-5223
P.O. Box 1984 Grand Cayman KY1-1104
Cayman Islands
SHEERWATER LTD: Shareholders' Final Meeting Set for Sept. 30
------------------------------------------------------------
The shareholders of Sheerwater Ltd. will hold their final meeting
on Sept. 30, 2011, at 11:10 a.m., to receive the liquidator's
report on the company's wind-up proceedings and property disposal.
The company's liquidator is:
Walkers Corporate Services Limited
Walker House, 87 Mary Street, George Town
Grand Cayman KY1-9002
Cayman Islands
c/o Jennifer Chailler
Telephone: (345) 814 6847
SIAM INVESTORS: Shareholders' Final Meeting Set for Sept. 30
------------------------------------------------------------
The shareholders of Siam Investors, Ltd. will hold their final
meeting on Sept. 30, 2011, at 11:45 a.m., to receive the
liquidator's report on the company's wind-up proceedings and
property disposal.
The company's liquidator is:
Walkers Corporate Services Limited
Walker House, 87 Mary Street, George Town
Grand Cayman KY1-9002
Cayman Islands
c/o Jennifer Chailler
Telephone: (345) 814 6847
OXBRIDGE FAMILY: Members' Final Meeting Set for Oct. 4
------------------------------------------------------
The members of Oxbridge Family Wealth Fund Inc. will hold their
final meeting on Oct. 4, 2011, at 10:00 a.m., to receive the
liquidator's report on the company's wind-up proceedings and
property disposal.
The company's liquidator is:
H&J Corporate Services (Cayman) Ltd.
5th Floor Anderson Square
Shedden Road
PO Box 866, Grand Cayman KY1-1103
Cayman Islands
Telephone: (345) 949 7555
PRS GLOBAL: Shareholder to Receive Wind-Up Report on Sept. 30
-------------------------------------------------------------
The shareholder of The PRS Global Portfolio Fund will receive on
Sept. 30, 2011, at 10:30 a.m., the liquidator's report on the
company's wind-up proceedings and property disposal.
The company's liquidator is:
Ogier
c/o Michael Lubin
89 Nexus Way, Camana Bay
Grand Cayman KY1-9007 Cayman Islands
Cayman Islands
Telephone: +1 (345) 815-1793
Facsimile: +1 (345) 949-9877
TUDOR BVI: Shareholder to Receive Wind-Up Report on Oct. 6
----------------------------------------------------------
The sole shareholder of Tudor BVI Dymon Investments Ltd will
receive on Oct. 6, 2011, at 10:00 a.m., the liquidator's report on
the company's wind-up proceedings and property disposal.
The company's liquidator is:
Marc Randall
c/o Maples Liquidation Services (Cayman) Limited
P.O. Box 1093, Boundary Hall
Grand Cayman KY1-1102
Cayman Islands
===========
M E X I C O
===========
CEMEX SAB: S&P Puts 'B' Global Scale Rating on Watch Negative
-------------------------------------------------------------
Standard & Poor's Ratings Services placed its ratings, including
the 'B' global scale and 'mxBB+/mxB' national scale corporate
credit ratings, on Cemex S.A.B. de C.V. and subsidiaries on
CreditWatch with negative implications.
"The CreditWatch placement follows our assessment that Cemex's
financial performance will remain weak during the rest of the year
and into 2012, in light of our recent downward revision of the
economic prospects of several countries in which the company
concentrates its operations," said Standard & Poor's credit
analyst Laura Mart¡nez. "Also, Cemex's covenant headroom has
narrowed in the past few quarters, and we anticipate that it might
need to renegotiate the credit conditions in its financing
agreement with lenders, to avoid a covenant breach by year-end."
"We will resolve the CreditWatch listing after we review Cemex's
financial performance under the weaker global economic
conditions," S&P stated.
"We will also review the company's strategy to improve its
covenant headroom and liquidity position in the short term, and
its plans for refinancing its 2013 and 2014 bank maturities,"
according to S&P.
===============================
T R I N I D A D & T O B A G O
===============================
CL FIN'L: Deloitte Consulting Seeks Governments' Support on Plan
----------------------------------------------------------------
Caribbean360.com reports that Deloitte Consulting, the judicial
manager of CLICO International Life Insurance Ltd (CIL), said it
will begin talks this week with the governments of Barbados and
the Eastern Caribbean to fund a restructuring plan for the
company. CLICO and CIL are subsidiaries of CL Financial Limited.
Deloitte Consulting has put forward four recommendations costing
between BDS$56 million and BDS$152 million, which it believes to
be most advantageous, and in the interest of the company's
policyholders, according to Caribbean360.com.
"The Judicial Manager will shortly commence the hosting of
policyholder forums to provide policyholders with a comprehensive
update on the financial condition of CIL and the various options
considered for restructuring," Caribbean360.com quoted Deloitte
Consulting as saying.
Deloitte Consulting said individual letters would be sent to all
policyholders in the territories outlining the potential impact
that the restructuring options would have on their policies,
Caribbean360.com discloses.
Deloitte Consulting plans to seek support from the courts in all
countries for the restructuring plan, special dispensation from
the insurance regulators to allow CIL to pledge certain real
estate assets to meet its statutory Insurance Fund obligations,
and regulatory approval to write new business in the jurisdictions
in which CIL currently operates, Caribbean360.com relays.
Caribbean360.com relates that the High Court of Barbados has also
already approved a recommendation by the Judicial Manager to
commission a forensic audit into the company.
Oliver Jordan, who represented the judicial manager at a media
conference, said this will be conducted by the Forensics & Dispute
Services of Deloitte Canada, 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$100 billion.
* * *
As reported in the Troubled Company Reporter-Latin America on
August 10, 2009, A.M. Best Co. downgraded the financial strength
rating to C (Weak) from B (Fair) and issuer credit rating to "ccc"
from "bb" of Colonial Life Insurance Company (Trinidad) Limited
(CLICO) (Trinidad & Tobago). The ratings remain under review with
negative implications. CLICO is an insurance member company of CL
Financial Limited (CL Financial), a diversified holding company
based in Trinidad & Tobago.
===============
X X X X X X X X
===============
* Large Companies With Insolvent Balance Sheets
-----------------------------------------------
Total
Total Shareholders
Assets Equity
Company Ticker (US$MM) (US$MM)
------- ------ --------- ------------
ARGENTINA
IMPSAT FIBER-$US IMPTD AR 535007008 -17164978
IMPSAT FIBER-CED IMPT AR 535007008 -17164978
IMPSAT FIBER NET XIMPT SM 535007008 -17164978
IMPSAT FIBER-BLK IMPTB AR 535007008 -17164978
IMPSAT FIBER NET 330902Q GR 535007008 -17164978
IMPSAT FIBER-C/E IMPTC AR 535007008 -17164978
IMPSAT FIBER NET IMPTQ US 535007008 -17164978
SOC COMERCIAL PL CADN EO 177502185 -343324574
SOC COMERCIAL PL CADN SW 177502185 -343324574
SOC COMERCIAL PL SCDPF US 177502185 -343324574
SOC COMERCIAL PL CVVIF US 177502185 -343324574
SOC COMERCIAL PL CAD IX 177502185 -343324574
SOC COMERCIAL PL COME AR 177502185 -343324574
SOC COMERCIAL PL COMED AR 177502185 -343324574
COMERCIAL PL-ADR SCPDS LI 177502185 -343324574
SOC COMERCIAL PL COMEC AR 177502185 -343324574
COMERCIAL PLA-BL COMEB AR 177502185 -343324574
SOC COMERCIAL PL CADN EU 177502185 -343324574
SOCOTHERM-5 VT-A STHE5 AR 101075648 -3157975.35
SOCOTHERM SA-B STHE AR 101075648 -3157975.35
SOCOTHERM-SP ADR SOCOY US 101075648 -3157975.35
SNIAFA SA-B SDAGF US 11229696 -2670544.88
SNIAFA SA SNIA AR 11229696 -2670544.88
SNIAFA SA-B SNIA5 AR 11229696 -2670544.88
BELIZE
VARIG SA-PREF VARGPN BZ 966298026 -4695211316
VARIG SA VARGON BZ 966298026 -4695211316
VARIG SA-PREF VAGV4 BZ 966298026 -4695211316
VARIG SA VAGV3 BZ 966298026 -4695211316
AGRENCO LTD AGRE LX 637647275 -312199404
AGRENCO LTD-BDR AGEN11 BZ 637647275 -312199404
BOMBRIL-RIGHTS BOBR1 BZ 451055441 -71738547
BOMBRIL CIRIO SA BOBRON BZ 451055441 -71738547
BOMBRIL CIRIO-PF BOBRPN BZ 451055441 -71738547
BOMBRIL-RGTS PRE BOBR2 BZ 451055441 -71738547
BOMBRIL BMBBF US 451055441 -71738547
BOMBRIL-PREF BOBR4 BZ 451055441 -71738547
BOMBRIL SA-ADR BMBBY US 451055441 -71738547
BOMBRIL BOBR3 BZ 451055441 -71738547
BOMBRIL SA-ADR BMBPY US 451055441 -71738547
CIA PETROLIFERA 1CPMON BZ 377602195 -3014291.72
CIA PETROLIF-PRF 1CPMPN BZ 377602195 -3014291.72
CIA PETROLIF-PRF MRLM4B BZ 377602195 -3014291.72
CIA PETROLIF-PRF MRLM4 BZ 377602195 -3014291.72
CIA PETROLIFERA MRLM3 BZ 377602195 -3014291.72
CIA PETROLIFERA MRLM3B BZ 377602195 -3014291.72
BATTISTELLA BTTL3 BZ 355816098 -2564562.7
BATTISTELLA-RECE BTTL9 BZ 355816098 -2564562.7
BATTISTELLA-RI P BTTL2 BZ 355816098 -2564562.7
BATTISTELLA-RIGH BTTL1 BZ 355816098 -2564562.7
BATTISTELLA-RECP BTTL10 BZ 355816098 -2564562.7
BATTISTELLA-PREF BTTL4 BZ 355816098 -2564562.7
DOCA INVESTIMENT DOCA3 BZ 354715604 -119368960
DOCAS SA-RTS PRF DOCA2 BZ 354715604 -119368960
DOCAS SA-PREF DOCAPN BZ 354715604 -119368960
DOCAS SA DOCAON BZ 354715604 -119368960
DOCA INVESTI-PFD DOCA4 BZ 354715604 -119368960
TELEBRAS-CED C/E TEL4C AR 280204646 -21109882.4
TELEBRAS-CEDE PF RCT4D AR 280204646 -21109882.4
TELEBRAS-CM RCPT TBRTF US 280204646 -21109882.4
TELEBRAS-CEDEA $ TEL4D AR 280204646 -21109882.4
TELEBRAS-ADR TBAPY US 280204646 -21109882.4
TELEBRAS-COM RT TELB1 BZ 280204646 -21109882.4
TELEBRAS-RTS PRF TLCP2 BZ 280204646 -21109882.4
TELEBRAS-PF RCPT RCTB42 BZ 280204646 -21109882.4
TELEBRAS SA-PREF TELB4 BZ 280204646 -21109882.4
TELEBRAS SA TELB3 BZ 280204646 -21109882.4
TELEBRAS-ADR TBASY US 280204646 -21109882.4
TELEBRAS-PF BLCK TELB40 BZ 280204646 -21109882.4
TELEBRAS-RTS PRF RCTB2 BZ 280204646 -21109882.4
TELEBRAS SA TLBRON BZ 280204646 -21109882.4
TELEBRAS-CM RCPT RCTB32 BZ 280204646 -21109882.4
TELEBRAS-ADR TBX GR 280204646 -21109882.4
TELEBRAS-CM RCPT RCTB30 BZ 280204646 -21109882.4
TELEBRAS-PF RCPT TLBRUP BZ 280204646 -21109882.4
TELEBRAS-CEDE BL RCT4B AR 280204646 -21109882.4
TELEBRAS-CEDE PF TELB4 AR 280204646 -21109882.4
TELEBRAS-PF RCPT RCTB41 BZ 280204646 -21109882.4
TELEBRAS-PF RCPT CBRZF US 280204646 -21109882.4
TELEBRAS SA-PREF TLBRPN BZ 280204646 -21109882.4
TELEBRAS-RECEIPT TLBRUO BZ 280204646 -21109882.4
TELEBRAS-CM RCPT TELE31 BZ 280204646 -21109882.4
TELEBRAS-PF RCPT RCTB40 BZ 280204646 -21109882.4
TELEBRAS-RCT PRF TELB10 BZ 280204646 -21109882.4
TELEBRAS/W-I-ADR TBH-W US 280204646 -21109882.4
TELEBRAS-RTS CMN TCLP1 BZ 280204646 -21109882.4
TELEBRAS SA-RT TELB9 BZ 280204646 -21109882.4
TELEBRAS-PF RCPT TBAPF US 280204646 -21109882.4
TELEBRAS-PF RCPT TELE41 BZ 280204646 -21109882.4
TELEBRAS-CM RCPT RCTB31 BZ 280204646 -21109882.4
TELEBRAS-CEDE PF RCT4C AR 280204646 -21109882.4
TELECOMUNICA-ADR 81370Z BZ 280204646 -21109882.4
TELEBRAS-BLOCK TELB30 BZ 280204646 -21109882.4
TELEBRAS-RCT RCTB33 BZ 280204646 -21109882.4
TELEBRAS-ADR TBRAY GR 280204646 -21109882.4
TELEBRAS SA TBASF US 280204646 -21109882.4
TELEBRAS-ADR RTB US 280204646 -21109882.4
TELEBRAS-RTS CMN RCTB1 BZ 280204646 -21109882.4
TELEBRAS-ADR TBH US 280204646 -21109882.4
TELEBRAS-CEDE PF RCTB4 AR 280204646 -21109882.4
HOTEIS OTHON SA HOTHON BZ 255036150 -42606769.7
HOTEIS OTHON SA HOOT3 BZ 255036150 -42606769.7
HOTEIS OTHON-PRF HOTHPN BZ 255036150 -42606769.7
HOTEIS OTHON-PRF HOOT4 BZ 255036150 -42606769.7
TEKA TKTQF US 246866965 -392777063
TEKA-PREF TKTPF US 246866965 -392777063
TEKA-ADR TEKAY US 246866965 -392777063
TEKA-PREF TEKAPN BZ 246866965 -392777063
TEKA-ADR TKTPY US 246866965 -392777063
TEKA TEKAON BZ 246866965 -392777063
TEKA-ADR TKTQY US 246866965 -392777063
TEKA TEKA3 BZ 246866965 -392777063
TEKA-PREF TEKA4 BZ 246866965 -392777063
PET MANG-RECEIPT RPMG9 BZ 231024467 -184606117
PET MANG-RT RPMG2 BZ 231024467 -184606117
PET MANG-RT 4115360Q BZ 231024467 -184606117
PETRO MANGUINHOS MANGON BZ 231024467 -184606117
PETRO MANGUIN-PF MANGPN BZ 231024467 -184606117
PET MANG-RT RPMG1 BZ 231024467 -184606117
PET MANGUINH-PRF RPMG4 BZ 231024467 -184606117
PET MANG-RT 4115364Q BZ 231024467 -184606117
PET MANG-RECEIPT RPMG10 BZ 231024467 -184606117
PETRO MANGUINHOS RPMG3 BZ 231024467 -184606117
PET MANG-RIGHTS 3678569Q BZ 231024467 -184606117
PET MANG-RIGHTS 3678565Q BZ 231024467 -184606117
SANSUY SA SNSYON BZ 200809365 -115213257
SANSUY SNSY3 BZ 200809365 -115213257
SANSUY SA-PREF B SNSYBN BZ 200809365 -115213257
SANSUY SA-PREF A SNSYAN BZ 200809365 -115213257
SANSUY-PREF A SNSY5 BZ 200809365 -115213257
SANSUY-PREF B SNSY6 BZ 200809365 -115213257
D H B-PREF DHBI4 BZ 185992309 -151323933
DHB IND E COM-PR DHBPN BZ 185992309 -151323933
DHB IND E COM DHBON BZ 185992309 -151323933
D H B DHBI3 BZ 185992309 -151323933
BALADARE BLDR3 BZ 159454016 -52992212.8
FABRICA RENAUX FTRX3 BZ 109683744 -48836146.4
FABRICA RENAUX FRNXON BZ 109683744 -48836146.4
FABRICA RENAUX-P FRNXPN BZ 109683744 -48836146.4
FABRICA TECID-RT FTRX1 BZ 109683744 -48836146.4
FABRICA RENAUX-P FTRX4 BZ 109683744 -48836146.4
WETZEL SA-PREF MWELPN BZ 100017711 -5359345.82
WETZEL SA MWET3 BZ 100017711 -5359345.82
WETZEL SA MWELON BZ 100017711 -5359345.82
WETZEL SA-PREF MWET4 BZ 100017711 -5359345.82
ESTRELA SA ESTRON BZ 89585906 -80761486.8
ESTRELA SA-PREF ESTRPN BZ 89585906 -80761486.8
ESTRELA SA-PREF ESTR4 BZ 89585906 -80761486.8
ESTRELA SA ESTR3 BZ 89585906 -80761486.8
ACO ALTONA EALT3 BZ 89152030 -9848587.47
ACO ALTONA-PREF EALT4 BZ 89152030 -9848587.47
ACO ALTONA SA EAAON BZ 89152030 -9848587.47
ACO ALTONA-PREF EAAPN BZ 89152030 -9848587.47
VARIG PART EM SE VPSC3 BZ 83017829 -495721700
VARIG PART EM-PR VPSC4 BZ 83017829 -495721700
RENAUXVIEW SA TXRX3 BZ 73095834 -103943206
TEXTEIS RENA-RCT TXRX10 BZ 73095834 -103943206
TEXTEIS RENAU-RT TXRX2 BZ 73095834 -103943206
TEXTEIS RENAU-RT TXRX1 BZ 73095834 -103943206
TEXTEIS RENAUX RENXPN BZ 73095834 -103943206
TEXTEIS RENAUX RENXON BZ 73095834 -103943206
RENAUXVIEW SA-PF TXRX4 BZ 73095834 -103943206
TEXTEIS RENA-RCT TXRX9 BZ 73095834 -103943206
SCHLOSSER SCLO3 BZ 73036750 -34357832.6
SCHLOSSER-PREF SCLO4 BZ 73036750 -34357832.6
SCHLOSSER SA-PRF SCHPN BZ 73036750 -34357832.6
SCHLOSSER SA SCHON BZ 73036750 -34357832.6
MINUPAR SA-PREF MNPRPN BZ 63144534 -60655823.4
MINUPAR-RT MNPR1 BZ 63144534 -60655823.4
MINUPAR-PREF MNPR4 BZ 63144534 -60655823.4
MINUPAR-RCT 9314634Q BZ 63144534 -60655823.4
MINUPAR MNPR3 BZ 63144534 -60655823.4
MINUPAR-RT 9314542Q BZ 63144534 -60655823.4
MINUPAR-RCT MNPR9 BZ 63144534 -60655823.4
MINUPAR SA MNPRON BZ 63144534 -60655823.4
GRADIENTE ELETR IGBON BZ 61088978 -282692297
GRADIENTE-PREF C IGBR7 BZ 61088978 -282692297
GRADIENTE EL-PRB IGBBN BZ 61088978 -282692297
GRADIENTE-PREF A IGBR5 BZ 61088978 -282692297
GRADIENTE-PREF B IGBR6 BZ 61088978 -282692297
IGB ELETRONICA IGBR3 BZ 61088978 -282692297
GRADIENTE EL-PRC IGBCN BZ 61088978 -282692297
GRADIENTE EL-PRA IGBAN BZ 61088978 -282692297
VARIG PART EM TR VPTA3 BZ 49432124 -399290396
VARIG PART EM-PR VPTA4 BZ 49432124 -399290396
CIMOB PARTIC SA GAFON BZ 44047412 -45669963.6
CIMOB PARTIC SA GAFP3 BZ 44047412 -45669963.6
CIMOB PART-PREF GAFPN BZ 44047412 -45669963.6
CIMOB PART-PREF GAFP4 BZ 44047412 -45669963.6
WIEST WISA3 BZ 34108201 -126997429
WIEST SA WISAON BZ 34108201 -126997429
WIEST SA-PREF WISAPN BZ 34108201 -126997429
WIEST-PREF WISA4 BZ 34108201 -126997429
RECRUSUL RCSL3 BZ 31427766 -30307605.7
RECRUSUL-BON RT RCSL11 BZ 31427766 -30307605.7
RECRUSUL - RT 4529781Q BZ 31427766 -30307605.7
RECRUSUL - RT RCSL2 BZ 31427766 -30307605.7
RECRUSUL - RCT RCSL9 BZ 31427766 -30307605.7
RECRUSUL SA-PREF RESLPN BZ 31427766 -30307605.7
RECRUSUL - RCT 4529793Q BZ 31427766 -30307605.7
RECRUSUL - RT RCSL1 BZ 31427766 -30307605.7
RECRUSUL-PREF RCSL4 BZ 31427766 -30307605.7
RECRUSUL - RCT RCSL10 BZ 31427766 -30307605.7
RECRUSUL - RCT 4529789Q BZ 31427766 -30307605.7
RECRUSUL SA RESLON BZ 31427766 -30307605.7
RECRUSUL - RT 4529785Q BZ 31427766 -30307605.7
RECRUSUL-BON RT RCSL12 BZ 31427766 -30307605.7
SANESALTO SNST3 BZ 31044053 -1843297.83
BOTUCATU-PREF STRP4 BZ 27663605 -7174512.03
STAROUP SA-PREF STARPN BZ 27663605 -7174512.03
STAROUP SA STARON BZ 27663605 -7174512.03
BOTUCATU TEXTIL STRP3 BZ 27663605 -7174512.03
CONST BETER SA COBEON BZ 25469474 -4918659.9
CONST BETER-PF B COBE6B BZ 25469474 -4918659.9
CONST BETER-PF B 1COBBN BZ 25469474 -4918659.9
CONST BETER-PR A 1008Q BZ 25469474 -4918659.9
CONST BETER SA 1COBON BZ 25469474 -4918659.9
CONST BETER-PF B COBE6 BZ 25469474 -4918659.9
CONST BETER-PR B 1009Q BZ 25469474 -4918659.9
CONST BETER-PFA COBE5B BZ 25469474 -4918659.9
CONST BETER SA 1007Q BZ 25469474 -4918659.9
CONST BETER SA COBE3B BZ 25469474 -4918659.9
CONST BETER-PR A COBEAN BZ 25469474 -4918659.9
CONST BETER SA COBE3 BZ 25469474 -4918659.9
CONST BETER-PF A 1COBAN BZ 25469474 -4918659.9
CONST BETER-PF A COBE5 BZ 25469474 -4918659.9
CONST BETER-PR B COBEBN BZ 25469474 -4918659.9
FERRAGENS HAGA HAGAON BZ 23732827 -65883555.8
HAGA HAGA3 BZ 23732827 -65883555.8
FER HAGA-PREF HAGA4 BZ 23732827 -65883555.8
FERRAGENS HAGA-P HAGAPN BZ 23732827 -65883555.8
ALL ORE MINERACA STLB3 BZ 23040051 -8699861.07
STEEL - RT STLB1 BZ 23040051 -8699861.07
ALL ORE MINERACA AORE3 BZ 23040051 -8699861.07
STEEL - RCT ORD STLB9 BZ 23040051 -8699861.07
NOVA AMERICA-PRF NOVA4B BZ 21287489 -183535527
NOVA AMERICA SA NOVA3 BZ 21287489 -183535527
NOVA AMERICA SA NOVA3B BZ 21287489 -183535527
NOVA AMERICA-PRF NOVAPN BZ 21287489 -183535527
NOVA AMERICA SA NOVAON BZ 21287489 -183535527
NOVA AMERICA-PRF 1NOVPN BZ 21287489 -183535527
NOVA AMERICA-PRF NOVA4 BZ 21287489 -183535527
NOVA AMERICA SA 1NOVON BZ 21287489 -183535527
CAF BRASILIA CAFE3 BZ 21097370 -903951461
CAFE BRASILIA SA CSBRON BZ 21097370 -903951461
CAF BRASILIA-PRF CAFE4 BZ 21097370 -903951461
CAFE BRASILIA-PR CSBRPN BZ 21097370 -903951461
TECEL S JOSE-PRF FTSJPN BZ 19067323 -52580501.1
TECEL S JOSE-PRF SJOS4 BZ 19067323 -52580501.1
TECEL S JOSE FTSJON BZ 19067323 -52580501.1
TECEL S JOSE SJOS3 BZ 19067323 -52580501.1
NORDON METAL NORDON BZ 15354597 -26859636.7
NORDON MET-RTS NORD1 BZ 15354597 -26859636.7
NORDON MET NORD3 BZ 15354597 -26859636.7
REII INC REIC US 14423532 -3506007
LATTENO FOOD COR LATF US 14423532 -3506007
B&D FOOD CORP BDFCE US 14423532 -3506007
B&D FOOD CORP BDFC US 14423532 -3506007
CHIARELLI SA-PRF CCHI4 BZ 14300741 -46729432.5
CHIARELLI SA CCHON BZ 14300741 -46729432.5
CHIARELLI SA CCHI3 BZ 14300741 -46729432.5
CHIARELLI SA-PRF CCHPN BZ 14300741 -46729432.5
HERCULES HETA3 BZ 12689117 -170680899
HERCULES-PREF HETA4 BZ 12689117 -170680899
HERCULES SA HERTON BZ 12689117 -170680899
HERCULES SA-PREF HERTPN BZ 12689117 -170680899
GAZOLA-RCPTS CMN GAZO9 BZ 12452144 -40298531.2
GAZOLA-RCPT PREF GAZO10 BZ 12452144 -40298531.2
GAZOLA SA-DVD CM GAZO11 BZ 12452144 -40298531.2
GAZOLA-PREF GAZO4 BZ 12452144 -40298531.2
GAZOLA GAZO3 BZ 12452144 -40298531.2
GAZOLA SA GAZON BZ 12452144 -40298531.2
GAZOLA SA-DVD PF GAZO12 BZ 12452144 -40298531.2
GAZOLA SA-PREF GAZPN BZ 12452144 -40298531.2
ARTHUR LAN-DVD C ARLA11 BZ 11642256 -17154461.9
ARTHUR LANGE-PRF ARLA4 BZ 11642256 -17154461.9
ARTHUR LAN-DVD P ARLA12 BZ 11642256 -17154461.9
ARTHUR LANGE ARLA3 BZ 11642256 -17154461.9
ARTHUR LANG-RT P ARLA2 BZ 11642256 -17154461.9
ARTHUR LANG-RT C ARLA1 BZ 11642256 -17154461.9
ARTHUR LANG-RC C ARLA9 BZ 11642256 -17154461.9
ARTHUR LANGE-PRF ALICPN BZ 11642256 -17154461.9
ARTHUR LANG-RC P ARLA10 BZ 11642256 -17154461.9
ARTHUR LANGE SA ALICON BZ 11642256 -17154461.9
FERREIRA GUIMARA FGUION BZ 11016542 -151840377
F GUIMARAES-PREF FGUI4 BZ 11016542 -151840377
F GUIMARAES FGUI3 BZ 11016542 -151840377
FERREIRA GUIM-PR FGUIPN BZ 11016542 -151840377
CHILE
EMPRESA DE LOS F 2940894Z CI 1.934E+09 -50416404
CLARO COM SA CHILESAT CI 1.157E+09 -122555290
CHILESAT CORP SA TELEX CI 1.157E+09 -122555290
TELEX-RTS TELEXO CI 1.157E+09 -122555290
TELEX-A TELEXA CI 1.157E+09 -122555290
TELMEX CORP-ADR CSAOY US 1.157E+09 -122555290
CHILESAT CO-ADR TL US 1.157E+09 -122555290
CHILESAT CO-RTS CHISATOS CI 1.157E+09 -122555290
PUERTO RICO
TEXTIL SAN CRI-C SNCR/C PE 59428058 -8824587.31
TEXTIL SAN CRI-C SNCRISC1 PE 59428058 -8824587.31
***********
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 * * *