TCRLA_Public/120625.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, June 25, 2012, Vol. 13, No. 124


                            Headlines



A R G E N T I N A

COMPANIA DE INSUMOS: Applies for Bankruptcy Protection
GP MEDIA: Creditors' Proofs of Debt Due Aug. 13
GRUPO FRANCA: Creditors' Proofs of Debt Due July 5
KAWKA SRL: Creditors' Proofs of Debt Due Aug. 8
TRANSPORTADORA DE GAS: Request Opening of Bankruptcy Proceedings


B E R M U D A

* BERMUDA: Ponzi Scheme Operator Gets 6 Years Jail Sentence


C A Y M A N   I S L A N D S

AVENGER INVESTMENTS: Shareholder to Hear Wind-Up Report on July 5
DYNAMIC SOLUTIONS: Shareholder to Hear Wind-Up Report on July 4
ELISE LIMITED: Shareholder to Hear Wind-Up Report on July 5
PUBBLICITA SECONDA: Shareholders' Final Meeting Set for July 3
RASMALA GLOBAL: Members' Final Meeting Set for July 3

RASMALA GLOBAL FUND: Members' Final Meeting Set for July 3
SPI CORPORATION: Shareholders' Final Meeting Set for July 9
VALVETECHNOLOGIES: Shareholder to Hear Wind-Up Report on July 3
WLCM MEZZANINE: Members' Final Meeting Set for July 2


J A M A I C A

INTERTRADE FINANCE: Court to Hear FSC's Wind Up Motion
* JAMAICA: To Miss Sugar Production Target


P U E R T O   R I C O

ADVANCED COMPUTER: Status Conference Set for Aug. 8
ADVANCED COMPUTER: Sec. 341 Creditors' Meeting Set for July 13


V E N E Z U E L A

* VENEZUELA: Moody's Issues Annual Report


X X X X X X X X

* BOND PRICING: For the Week June 18 to June 22, 2012


                            - - - - -


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


COMPANIA DE INSUMOS: Applies for Bankruptcy Protection
------------------------------------------------------
Compania de Insumos SRL applied for bankruptcy protection.  The
company has defaulted on its payments last April 27, 2011.


GP MEDIA: Creditors' Proofs of Debt Due Aug. 13
-----------------------------------------------
Estudio Alicia Kourlaf - Andrea Cetlinas, the court-appointed
trustee for GP Media SA's reorganization proceedings, will be
verifying creditors' proofs of claim until Aug. 13, 2012.

The Trustee will present the validated claims in court as
individual reports.  The National Commercial Court of First
Instance No. 8 in Buenos Aires, with the assistance of Clerk
No. 15, will determine if the verified claims are admissible,
taking into account the trustee's opinion, and the objections and
challenges that will be raised by the company and its creditors.

Creditors will vote to ratify the completed settlement plan
during the assembly on May 13, 2013.

The Trustee can be reached at:

         Estudio Alicia Kourlaf - Andrea Cetlinas
         Carlos Pellegrini 1079
         Argentina


GRUPO FRANCA: Creditors' Proofs of Debt Due July 5
--------------------------------------------------
Bartolome Bavio, the court-appointed trustee for Grupo Franca
SRL's bankruptcy proceedings, will be verifying creditors' proofs
of claim until July 5, 2012.

Mr. Bavio will present the validated claims in court as individual
reports.  The National Commercial Court of First Instance No. 16
in Buenos Aires, with the assistance of Clerk No. 32, will
determine if the verified claims are admissible, taking into
account the trustee's opinion, and the objections and challenges
that will be raised by the company and its creditors.

The Trustee can be reached at:

         Bartolome Bavio
         Avenida de Mayo 1324
         Argentina


KAWKA SRL: Creditors' Proofs of Debt Due Aug. 8
-----------------------------------------------
Otto Reinaldo Munch, the court-appointed trustee for Kawka SRL's
reorganization proceedings, will be verifying creditors' proofs of
claim until Aug. 8, 2012.

Mr. Munch will present the validated claims in court as individual
reports.  The National Commercial Court of First Instance No. 7 in
Buenos Aires, with the assistance of Clerk No. 13, will determine
if the verified claims are admissible, taking into account the
trustee's opinion, and the objections and challenges that will be
raised by the company and its creditors.

The Trustee can be reached at:

         Reinaldo Munch
         Maipu 509
         Argentina


TRANSPORTADORA DE GAS: Request Opening of Bankruptcy Proceedings
----------------------------------------------------------------
Transportadora de Gas del Norte SA requested the opening of
bankruptcy proceedings by default, in accordance with the decision
during its board meeting.



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


* BERMUDA: Ponzi Scheme Operator Gets 6 Years Jail Sentence
-----------------------------------------------------------
Jamaica Gleaner reports that an American Ponzi scheme operator in
cahoots with a Bermudian, who wired his ill-gotten gains to the
island, has been jailed for six years in the United States.

Daniel Two Feathers must also repay his victims more than US$2.4
million, U.S. District Judge Donald Molloy ruled at sentencing,
according to Jamaica Gleaner.

The report notes that Mr. Two Feathers, 56, of Hamilton, Montana,
admitted running a scam conning cash out of investors, including
$1.1 million through a front company which had accounts at the
Bank of Bermuda.

Montana State Auditor's Office had previously told how Bermudian
businessman Andre Curtis helped run the scheme, in which people
were falsely promised huge returns on their investments, Jamaica
Gleaner notes.

The report says that U.S. Attorney Michael Cotter, of the
Department of Justice, welcomed Mr. Two Feathers' sentencing and
urged investors to be wary of such scams.

"This office is pleased with the sentence imposed on Mr. Two
Feathers, and the accountability it represents . . . . "  It
remains a sorrowful reality, however, that his victims were gulled
into parting with hundreds of thousands of dollars and suffered
severe financial loss . . . .  We cannot overemphasise the
importance of vigilance in financial transactions that sound too
good to be true. They usually are.  We can prosecute the people
who take your money, but it is much more difficult to get it back
for you," Cotter said in a statement obtained by Jamaica Gleaner.

Mr. Two Feathers netted US$1.1 million between August and
September 2008 by telling investors he was running a program
producing large rates of return buying and selling US Treasury
bonds, the report says.

Jamaica Gleaner relays that Montana's deputy security commissioner
Lynne Egan has said Mr. Curtis, the Progressive Labour Party's
campaign manager for then Premier Ewart Brown at the 2007 general
election, helped operate the scheme by falsely promising investors
the purchase of bonds would result in double- and triple-digit
rates of return.

A separate scam, run by Mr. Two Feathers in conjunction with
brokers Shawn Swor and Terrence Paulin in the first half of 2008,
saw investors tricked out of US$800,000 after being promised
remarkable profits within 30 days, the report adds.



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


AVENGER INVESTMENTS: Shareholder to Hear Wind-Up Report on July 5
-----------------------------------------------------------------
The sole shareholder of Avenger Investments Ltd. will receive on
July 5, 2012, the liquidator's report on the company's wind-up
proceedings and property disposal.

The company's liquidator is:

         Vadim Nikitine
         c/o Julie Reynolds
         Telephone: 1 345 914 1344
         Facsimile: 1 345 945 4799
         Coutts House
         PO Box 707 Grand Cayman KY1-1107
         Cayman Islands


DYNAMIC SOLUTIONS: Shareholder to Hear Wind-Up Report on July 4
---------------------------------------------------------------
The sole shareholder of Dynamic Solutions Investment Ltd. will
receive on July 4, 2012, at 10:00 a.m., the liquidator's report on
the company's wind-up proceedings and property disposal.

The company's liquidator is:

         Stuart Sybersma
         c/o Ryan Pull
         Deloitte & Touche
         Citrus Grove Building, 4th Floor
         Goring Avenue, George Town KY1-1109
         Cayman Islands
         Telephone: +1(345) 814 3306


ELISE LIMITED: Shareholder to Hear Wind-Up Report on July 5
-----------------------------------------------------------
The sole shareholder of Elise Limited will receive on July 5,
2012, the liquidator's report on the company's wind-up proceedings
and property disposal.

The company's liquidator is:

         Stephen R. Barbieri
         c/o Julie Reynolds
         Telephone: 945 4777
         Facsimile: 945 4799
         P.O. Box 707 Grand Cayman KY1-1107
         Cayman Islands


PUBBLICITA SECONDA: Shareholders' Final Meeting Set for July 3
--------------------------------------------------------------
The shareholders of Pubblicita Seconda Overseas Limited will hold
their final meeting on July 3, 2012, at 12:00 noon, to receive the
liquidator's report on the company's wind-up proceedings and
property disposal.

The company's liquidator is:

         MBT Trustees Ltd.
         Telephone: 945-8859
         Facsimile: 949-9793/4
         P.O. Box 30622 Grand Cayman KY1-1203
         Cayman Islands


RASMALA GLOBAL: Members' Final Meeting Set for July 3
-----------------------------------------------------
The members of Rasmala Global Equity Opportunity Ltd. will hold
their final meeting on July 3, 2012, to receive the liquidator's
report on the company's wind-up proceedings and property disposal.

The company's liquidator is:

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


RASMALA GLOBAL FUND: Members' Final Meeting Set for July 3
----------------------------------------------------------
The members of Rasmala Global Equity Opportunity Fund Ltd. will
hold their final meeting on July 3, 2012, to receive the
liquidator's report on the company's wind-up proceedings and
property disposal.

The company's liquidator is:

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


SPI CORPORATION: Shareholders' Final Meeting Set for July 9
-----------------------------------------------------------
The shareholders of S.P.I. Corporation will hold their final
meeting on July 9, 2012, 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:

         Raymond E. Whittaker
         c/o FCM LTD.
         Telephone: 345-946-5125
         Facsimile: 345-946-5126
         PO Box 1982 Grand Cayman KY-1104
         Cayman Islands


VALVETECHNOLOGIES: Shareholder to Hear Wind-Up Report on July 3
---------------------------------------------------------------
The sole shareholder of Valvetechnologies (South America) Inc.
will receive on July 3, 2012, at 10:00 a.m., the liquidator's
report on the company's wind-up proceedings and property disposal.

The company's liquidator is:

         Ogier
         c/o Giorgio Subiotto
         Telephone: (345) 815-872
         Facsimile: (345) 949-9877


WLCM MEZZANINE: Members' Final Meeting Set for July 2
-----------------------------------------------------
The members of WLCM Mezzanine Ventures 1 (Cayman) Limited will
hold their final meeting on July 2, 2012, 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:

         Ogier
         c/o Nicholas Plowman or Maggie Kwok
         Telephone: (852) 36566014/ (852) 3556 6005
         Facsimile: (345) 949-9877



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


INTERTRADE FINANCE: Court to Hear FSC's Wind Up Motion
------------------------------------------------------
RJR News reports that Jamaican Supreme Court is scheduled to hear
an application by the Financial Services Commission, FSC, to wind
up securities dealer Intertrade Finance Corporation.

The decision to wind up the company was made after the FSC, which
has temporary management, determined that Intertrade's liabilities
exceed its assets and the company is unable to pay its debts,
according to RJR News.

Last February, RJR News recalls that FSC suspended Intertrade's
license and later took temporary control of the company after it
began to exhibit signs of financial trouble.  The report relates
that a subsequent probe by the Commission showed the company was
insolvent, with more than 3.6 billion dollars in liabilities and
only 1.1 billion dollars in assets.

RJR News notes that police are trying to locate the company's
Chief Executive Officer, Joan Powell, who is wanted on fraud
related charges.

As reported in the Troubled Company Reporter-Latin America on
May 27, 2011, RJR News said that restrictions have been placed on
the operations of Intertrade Finance after it was served with a
cease and desist order by the Financial Services Commission.  The
order was issued to Joan Powell, Intertrade's Chief Executive
Officer and its Directors Gavin Chen, Christopher Malcolm and
Herbert Malcolm, according to RJR News.  The report related that
FSC said the order was based on the company misrepresenting
clients on the nature of the securities in which they had
invested, its failure to pay over sums to certain clients in
keeping with their instructions, and a review of its interim
financial statements and other documents.

Intertrade Finance Corporation is a securities dealer.


* JAMAICA: To Miss Sugar Production Target
------------------------------------------
RJR News reports that it appears that Jamaica will not achieve its
production target for the current Sugar Crop which ends this
month.

This is due to output challenges at two factories, according to
RJR News.

As a result, the report says that sugar production will be about
10,000 tons below the industry's 142,000 ton target.

Last month, Jamaica produced 12,473 tons, the report notes.



=====================
P U E R T O   R I C O
=====================


ADVANCED COMPUTER: Status Conference Set for Aug. 8
---------------------------------------------------
The Bankruptcy Court set a status conference in the Chapter 11
case of Advanced Computer Technology, Inc., for Aug. 8, 2012, at
9:00 a.m. at Jose V Toledo Fed Bldg & Us Courthouse, 300 Recinto
Sur, 2nd Floor Courtroom 1.

San Juan, Puerto Rico-based Advanced Computer Technology, Inc.,
filed a Chapter 11 petition (Bankr. D.P.R. Case No. 12-04454) in
Old San Juan on June 6, 2012.  The Debtor, an information system
consulting firm, disclosed $10.34 million in assets and $6.176
million in liabilities in its schedules.  It said software and
licenses rights are worth $6.30 million.  The value of its 100%
ownership of Sprinter Solutions, Inc., is unknown.

Bankruptcy Judge Brian K. Tester presides over the case.  Charles
Alfred Cuprill, PSC Law Office, serves as the Debtor's counsel.
The petition was signed by Osvaldo Karuzic, chief executive
officer.


ADVANCED COMPUTER: Sec. 341 Creditors' Meeting Set for July 13
--------------------------------------------------------------
The U.S. Trustee in Puerto Rico will convene a meeting of
creditors under 11 U.S.C. Sec. 341(a) in the Chapter 11 case of
Advanced Computer Technology, Inc., on July 13, 2012, at 10:00
a.m. at 341 Meeting Room, Ochoa Building, 500 Tanca Street, First
Floor, San Juan.

Proofs of claim are due in the case by Oct. 11, 2012.  Government
proofs of claim are due by Dec. 5.

San Juan, Puerto Rico-based Advanced Computer Technology, Inc.,
filed a Chapter 11 petition (Bankr. D.P.R. Case No. 12-04454) in
Old San Juan on June 6, 2012.  The Debtor, an information system
consulting firm, disclosed $10.34 million in assets and $6.176
million in liabilities in its schedules.  It said software and
licenses rights are worth $6.30 million.  The value of its 100%
ownership of Sprinter Solutions, Inc., is unknown.

Bankruptcy Judge Brian K. Tester presides over the case.  Charles
Alfred Cuprill, PSC Law Office, serves as the Debtor's counsel.
The petition was signed by Osvaldo Karuzic, chief executive
officer.



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


* VENEZUELA: Moody's Issues Annual Report
-----------------------------------------
In its annual report on Venezuela, Moody's Investors Service says
the country's B1 domestic currency, B2 foreign currency government
bond ratings, and stable outlook reflect very weak institutions
marked by an absence of checks and balances on executive
authority, as well as a highly pro-cyclical fiscal policy
evidenced by a rapid increase in spending and corresponding growth
in debt at a time of historically high oil prices.

The Moody's report also highlights Venezuela's "lack of
transparency in the government's accounts coupled with significant
extra-budgetary spending and borrowing; heavy dependence of both
the economy as a whole and government finances in particular on
the oil sector; and a consequent vulnerability to a drop in oil
prices."

In the report, "Credit Analysis: Venezuela," Moody's says the
country has experienced volatile economic growth due to stagnant
oil production and declining non-oil exports, and private
investment levels. This is the result of the high degree of state
intervention in the economy together with significant
macroeconomic imbalances and economic distortions, including
"runaway inflation and an increasingly overvalued currency."

According to Moody's, "the rating also considers the country's
increasing external vulnerability, which is due to a sharp decline
in foreign exchange reserves together with rising external debt;
and significant contingent liabilities related to claims stemming
from the government's many nationalizations."

The rating agency finds that these credit weaknesses are somewhat
offset by important credit strengths, including a large-if-
volatile current account surplus; significant external public
sectors assets; and the government's control of some of the
world's largest oil reserves and virtually all of the country's
supply of foreign currency.

"Government debt levels remain moderate despite rapid growth in
the debt stock. In addition, the rating benefits from a favorable
debt structure; a captive domestic investor base; and high income
levels relative to rating peers," says the Moody's report.

"These credit strengths and weaknesses are reflected in factor
scores of moderate for economic and government financial strength,
very low for institutional strength, and high for susceptibility
to event risk," says Moody's.



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


* BOND PRICING: For the Week June 18 to June 22, 2012
-----------------------------------------------------

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

ARGENTINA
---------

ALTO PALERMO SA        7.875   5/11/2017       USD            82
ARGENT-$DIS             8.28   12/31/2033      USD          56.6
ARGENT-$DIS             8.28   12/31/2033      USD          61.5
ARGENT-$DIS             8.28   12/31/2033      USD          64.3
ARGENT-PAR              1.18   12/31/2038      ARS          39.2
ARGENT-EURDIS           7.82   12/31/2033      EUR            53
ARGENT-EURDIS           7.82   12/31/2033      EUR            65
ARGENT-EURDIS           7.82   12/31/2033      EUR            55
ARGENT-JPYDIS           4.33   12/31/2033      JPY            42
ARGENT-JPYPAR           0.45   12/31/2038      JPY            15
ARGENT-JPYPAR&GDP       0.45   12/31/2038      JPY             8
ARGNT BODEN                7   10/3/2015       USD            89
ARGNT-BOCON PRE9           2   3/15/2014       ARS          66.8
BANCO DE GALICIA        8.75   5/4/2018        USD          70.5
BANCO DE GALICIA        8.75   5/4/2018        USD          70.4
BANCO MACRO SA          9.75   12/18/2036      USD            60
BANCO MACRO SA          9.75   12/18/2036      USD          59.5
BANCO MACRO SA          9.75   12/18/2036      USD          62.3
BONAR X                    7   4/17/2017       USD          66.8
CAPEX SA                  10   3/10/2018       USD            62
CAPEX SA                  10   3/10/2018       USD          59.1
CIA LATINO AMER          9.5   12/15/2016      USD          73.5
CITY OF BUENOS          9.95   3/1/2017        USD          69.3
CITY OF BUENOS          9.95   3/1/2017        USD          69.3
EMP DISTRIB NORT        9.75   10/25/2022      USD            41
EMP DISTRIB NORT        10.5   10/9/2017       USD            50
EMP DISTRIB NORT        9.75   10/25/2022      USD          37.9
INVERS REP Y SOC         8.5   2/2/2017        USD          72.8
INVERS REP Y SOC         8.5   2/2/2017        USD          73.7
PROV BUENOS AIRE       9.625   4/18/2028       USD          48.1
PROV BUENOS AIRE       9.375   9/14/2018       USD          54.7
PROV BUENOS AIRE      10.875   1/26/2021       USD            55
PROV BUENOS AIRE      10.875   1/26/2021       USD          54.3
PROV BUENOS AIRE       9.375   9/14/2018       USD          55.1
PROV BUENOS AIRE       11.75   10/5/2015       USD          66.8
PROV BUENOS AIRE       11.75   10/5/2015       USD          66.9
PROV BUENOS AIRE        9.25   4/15/2017       USD          71.7
PROV DE CORDOBA       12.375   8/17/2017       USD          57.1
PROV DE CORDOBA       12.375   8/17/2017       USD          57.3
PROV DE MENDOZA          5.5   9/4/2018        USD            71
PROV DEL NEUQUEN       7.875   4/26/2021       USD          76.3
RAGHSA CONSTRUCC         8.5   2/16/2017       USD            85
TRANSENER               9.75   8/15/2021       USD          42.1
TRANSENER               9.75   8/15/2021       USD          47.5
TRANSPORT DE GAS       7.875   5/14/2017       USD            69


BRAZIL
------

BANCO BMG              8.875   8/5/2020        USD          61.5
BANCO BMG              8.875   8/5/2020        USD            74
BANCO BMG               9.95   11/5/2019       USD            77
BANCO BMG               9.95   11/5/2019       USD          72.1
BANCO BMG              9.625   3/27/2017       USD            83
BANCO BONSUCESSO        9.25   11/3/2020       USD          62.5
BANCO BONSUCESSO        9.25   11/3/2020       USD          69.8
BANCO CRUZEIRO         8.875   9/22/2020       USD            30
BANCO CRUZEIRO         8.875   9/22/2020       USD          27.5
BANCO CRUZEIRO         7.625   4/21/2014       USD          50.4
BANCO CRUZEIRO           8.5   2/20/2015       USD            54
BANCO CRUZEIRO          8.25   1/20/2016       USD          51.8
BANCO CRUZEIRO             7   7/8/2013        USD          50.2
BANCO CRUZEIRO           8.5   2/20/2015       USD            50
BANCO CRUZEIRO          8.25   1/20/2016       USD          51.1
BANCO CRUZEIRO             8   9/17/2012       USD            70
REDE EMPRESAS         11.125   #N/A Field Not AUSD          38.8
REDE EMPRESAS         11.125   #N/A Field Not AUSD          39.8
REDE EMPRESAS         11.125   #N/A Field Not AUSD          39.8


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

BANCO BPI (CI)          4.15   11/14/2035      EUR          54.6
BCP FINANCE BANK        5.01   3/31/2024       EUR          49.3
BCP FINANCE BANK        5.31   12/10/2023      EUR          51.6
BCP FINANCE CO         4.239   #N/A Field Not AEUR          32.3
BCP FINANCE CO         5.543   #N/A Field Not AEUR          31.9
BES FINANCE LTD         5.58   #N/A Field Not AEUR          40.7
BES FINANCE LTD          4.5   #N/A Field Not AEUR          51.8
CAM GLOBAL FIN          6.08   12/22/2030      EUR          63.8
CHINA AUTOMATION        7.75   4/20/2016       USD          74.2
CHINA FORESTRY         10.25   11/17/2015      USD          58.2
CHINA FORESTRY         10.25   11/17/2015      USD          56.5
CHINA SUNERGY           4.75   6/15/2013       USD          53.7
EFG HELLAS CAYMA           9   6/8/2019        EUR            33
EFG ORA FUNDING          1.7   10/29/2014      EUR          49.4
ESFG INTERNATION       5.753   #N/A Field Not AEUR          33.1
GOL FINANCE             8.75   #N/A Field Not AUSD            70
GOL FINANCE             8.75   #N/A Field Not AUSD          70.3
JINKOSOLAR HOLD            4   5/15/2016       USD            37
LDK SOLAR CO LTD          10   2/28/2014       CNY            37
LDK SOLAR CO LTD        4.75   4/15/2013       USD          49.5
LDK SOLAR CO LTD        4.75   4/15/2013       USD          70.1
LUPATECH FINANCE       9.875                   USD          69.4
LUPATECH FINANCE       9.875                   USD            70
PUNCH TAVERNS          4.767   6/30/2033       GBP          71.7
RENHE COMMERCIAL          13   3/10/2016       USD          59.5
RENHE COMMERCIAL       11.75   5/18/2015       USD          55.1
RENHE COMMERCIAL       11.75   5/18/2015       USD            55
RENHE COMMERCIAL          13   3/10/2016       USD          54.4
SOLARFUN POWER H         3.5   1/15/2018       USD          61.6
SOLARFUN POWER H         3.5   1/15/2018       USD          62.1
SPG LAND HOLDING        13.5   4/8/2016        USD          75.8
SUNTECH POWER              3   3/15/2013       USD          65.2
SUNTECH POWER              3   3/15/2013       USD            66


CHILE
-----

CGE DISTRIBUCION        3.25   12/1/2012       CLP          9.97
COLBUN SA                3.2   5/1/2013        CLP          49.2
ESVAL S.A.               3.8   7/15/2012       CLP          12.7
MASISA                  4.25   10/15/2012      CLP            10
QUINENCO SA              3.5   7/21/2013       CLP          25.6


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

PUERTO RICO CONS         6.2   5/1/2017        USD            63
PUERTO RICO CONS         6.5   4/1/2016        USD          65.6


VENEZUELA
---------

ELEC DE CARACAS          8.5   4/10/2018       USD          70.5
PETROLEOS DE VEN         5.5   4/12/2037       USD            57
PETROLEOS DE VEN       5.375   4/12/2027       USD          57.3
PETROLEOS DE VEN        5.25   4/12/2017       USD            71
PETROLEOS DE VEN       5.125   10/28/2016      USD          71.1
PETROLEOS DE VEN        9.75   5/17/2035       USD          70.6
PETROLEOS DE VEN           9   11/17/2021      USD          73.3
VENEZUELA                  7   3/31/2038       USD          61.4
VENEZUELA                  7   3/31/2038       USD          64.8
VENEZUELA                  6   12/9/2020       USD          66.8
VENEZUELA               7.65   4/21/2025       USD          67.5
VENEZUELA               8.25   10/13/2024      USD          70.3
VENEZUELA               9.25   5/7/2028        USD          73.8


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

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

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


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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, Ivy B. Magdadaro, Frauline S.
Abangan, and Peter A. Chapman, Editors.

Copyright 2012.  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 Peter Chapman at 240/629-3300.


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