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                     L A T I N   A M E R I C A

           Monday, September 10, 2012, Vol. 13, No. 180


                            Headlines



A R G E N T I N A

CALL CENTER: Files for Bankruptcy
CENTRAL DE GRANOS: Creditors' Proofs of Debt Due Sept. 25
OFSICE SA: Files for Bankruptcy
SINTESIS QUIMICA: Creditors' Proofs of Debt Due Nov. 20
WIRELESSCOM SA: Creditors' Proofs of Debt Due Sept. 28


B R A Z I L

BR PROPERTIES: Moody's Affirms 'Ba2' Corp. Family Rating


C A Y M A N   I S L A N D S

BONOHURST GP: Creditors' Proofs of Debt Due Sept. 27
CSERE AVIO NO.1: Creditors' Proofs of Debt Due Sept. 27
CSERE COVENTRY: Creditors' Proofs of Debt Due Sept. 27
INTERGEN TURKEY HOLDINGS: Creditors' Proofs of Debt Due Sept. 17
INTERGEN TURKEY PROJECTS: Creditors' Proofs of Debt Due Sept. 17

JUNIOR ENERGY: Creditors' Proofs of Debt Due Nov. 30
POWER DEVELOPMENT: Creditors' Proofs of Debt Due Sept. 17
SAM II GENERATING: Creditors' Proofs of Debt Due Sept. 17
SAMALAYUCA CONSTRUCTION: Creditors' Proofs of Debt Due Sept. 17
TEF HOLDINGS: Creditors' Proofs of Debt Due Sept. 17


J A M A I C A

DIGICEL GROUP: Offers Another US$700 Million Debt Issue


G U A T E M A L A

* GUATEMALA: S&P Affirms 'BB+' Sovereign Credit Rating


M E X I C O

* GUADALAJARA: Moody's Revises 'Ba1' Rating Outlook to Negative
* MEXICO: Moody's Says Water Cos. Face Significant Challenges


T R I N I D A D  &  T O B A G O

PETROTRIN: Operations is Back to Normal After 3-Days Strike


X X X X X X X X

* BOND PRICING: For the Week Sept. 3 to Sept. 7, 2012


                            - - - - -


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


CALL CENTER: Files for Bankruptcy
---------------------------------
Call Center Buenos Aires SA filed for its own bankruptcy.  The
company defaulted its payments last January.


CENTRAL DE GRANOS: Creditors' Proofs of Debt Due Sept. 25
---------------------------------------------------------
Miguel Angel Marchesi, the court-appointed trustee for Central de
Granos SRL's reorganization proceedings, will be verifying
creditors' proofs of claim until Sept. 25, 2012.

Mr. Marchesi will present the validated claims in court as
individual reports.  The National Commercial Court of First
Instance No. 18 in Buenos Aires, with the assistance of Clerk
No. 36, 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 July 11, 2013.

The Trustee can be reached at:

         Miguel Angel Marchesi
         Avellaneda 1135
         Argentina


OFSICE SA: Files for Bankruptcy
-------------------------------
Ofsice SA filed for its own bankruptcy.  The company defaulted its
payments last November.


SINTESIS QUIMICA: Creditors' Proofs of Debt Due Nov. 20
-------------------------------------------------------
Estudio Fizzani y Asociados, the court-appointed trustee for
Sintesis Quimica SAIC's reorganization proceedings, will be
verifying creditors' proofs of claim until Nov. 20, 2012.

The Trustee will present the validated claims in court as
individual reports.  The National Commercial Court of First
Instance No. 14 in Buenos Aires, with the assistance of Clerk
No. 28, 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 Aug. 7, 2013.

The Trustee can be reached at:

         Estudio Fizzani y Asociados
         Plaza 2176
         Argentina


WIRELESSCOM SA: Creditors' Proofs of Debt Due Sept. 28
------------------------------------------------------
Omar Urrutia, the court-appointed trustee for Wirelesscom SA's
bankruptcy proceedings, will be verifying creditors' proofs of
claim until Sept. 28, 2012.

Mr. Urrutia 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. 31, 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:

         Omar Urrutia
         Av. Cordoba 1351
         Argentina



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


BR PROPERTIES: Moody's Affirms 'Ba2' Corp. Family Rating
--------------------------------------------------------
Moody's affirmed BR Properties S.A.'s senior unsecured rating at
Ba3 and corporate family rating at Ba2 (global local currency).
Concurrently, Moody's raised BR Properties' corporate family
national scale rating from A1.br to Aa2.br. The rating outlook is
stable. The rating action reflects the company's exceptional
portfolio growth, improved market positioning as a result of its
merger with One Properties, and a more diversified tenant base.
The stable outlook reflects Moody's expectation that BR Properties
will continue its position as a leading company of high-quality
office and industrial assets in Brazil while improving its credit
metrics and maintaining adequate liquidity.

Moody's notes that BR Properties has grown to almost three times
its size through acquisitions and development since its IPO in
March of 2010, from R$5.3 billion in total assets at 1Q10 to R$
14.7 billion at 2Q12. The company's portfolio is concentrated in
the best economic regions of the country, with Sao Paulo
comprising 76% of total revenue. While geographic concentration is
a key credit concern, this is mitigated by Sao Paulo's burgeoning
office and industrial sectors and ample evidence of a "flight to
quality" for Class A properties. Vacancy rates have been
consistently low across the portfolio and as of the end of the
second quarter, the portfolio was 98% occupied.

The company's key credit challenges remain its reliance on secured
debt financing, geographic concentration in Sao Paulo and Rio de
Janiero, and the risks associated with an aggressive growth
strategy.

BR Properties' liquidity position is moderate and considers the
substantial debt assumed from the company's recent merger with One
Properties. Still, even with the merger, the company's effective
leverage remains modest at 35% of gross assets. The company's
remaining debt obligations for 2012 are manageable after the
repayment of R$400 million commercial paper and R$132 million of
short term debt in July. Debt maturities for 2013 and 2014 are
rather lumpy with R$559 million and R$ 421 million coming due,
respectively, but Moody's expects BR Properties to refinance this
debt well in advance of its maturity date. Moody's also expects
net debt to EBITDA and fixed charge coverage ratios to improve
materially in coming quarters as EBITDA is only receiving partial
benefit from recent acquisitions currently. In addition, several
properties in the development pipeline are going to be delivered
later this year which will generate significant income for the
company.

According to Moody's, an upgrade would be predicated upon BR
Properties maintaining its sizeable portfolio with a demonstrated
capacity to grow, fixed charge consistently above 2.3x, effective
leverage less than 40% on a consistent basis, and strong execution
in the unsecured debt and public equity markets.

A downgrade would likely result from a decline in fixed charge
coverage at or below 1.9x on a consistent basis, effective
leverage greater than 60%, a deterioration in operating metrics as
measured by same store NOI (negative growth for more than two
quarters), increase in stabilized physical vacancy of more than 6%
for more than two quarters, and any missteps in restructuring and
or refinancing its debt.

Moody's last rating action with respect to BR Properties S.A. was
on September 27, 2010 when Moody's assigned first-time ratings of
Ba3 to the US$285 million senior unsecured notes of BR Properties
S.A. ("BR Properties") and a Ba2 global local currency corporate
family rating (A1.br national scale).

BR Properties S.A. [BOVESPA: BRPR3], headquartered in Sao Paulo,
Brazil, is an owner, manager, and developer of office, warehouse
and retail properties in the main economic regions of Brazil. As
of June 30, 2012, the company had 122 properties totaling 2,182
thousand sqm of GLA, of which 16 are development projects.



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


BONOHURST GP: Creditors' Proofs of Debt Due Sept. 27
----------------------------------------------------
The creditors of Bonohurst GP Limited are required to file their
proofs of debt by Sept. 27, 2012, to be included in the company's
dividend distribution.

The company commenced liquidation proceedings on Aug. 10, 2012.

The company's liquidator is:

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


CSERE AVIO NO.1: Creditors' Proofs of Debt Due Sept. 27
-------------------------------------------------------
The creditors of CSERE Avio No. 1 Limited are required to file
their proofs of debt by Sept. 27, 2012, to be included in the
company's dividend distribution.

The company commenced liquidation proceedings on Aug. 9, 2012.

The company's liquidator is:

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


CSERE COVENTRY: Creditors' Proofs of Debt Due Sept. 27
------------------------------------------------------
The creditors of CSERE Coventry (Freehold) Limited are required to
file their proofs of debt by Sept. 27, 2012, to be included in the
company's dividend distribution.

The company commenced liquidation proceedings on Aug. 9, 2012.

The company's liquidator is:

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


INTERGEN TURKEY HOLDINGS: Creditors' Proofs of Debt Due Sept. 17
----------------------------------------------------------------
The creditors of Intergen Turkey Holdings Limited are required to
file their proofs of debt by Sept. 17, 2012, to be included in the
company's dividend distribution.

The company commenced liquidation proceedings on July 31, 2012.

The company's liquidator is:

         Hugh Dickson
         c/o John Royle
         10 Market Street #765
         Camana Bay
         Grand Cayman KY1 9006
         Cayman Islands
         Telephone: (345) 769 7206
         Main Telephone: (345) 949 7100
         Facsimile: (345) 949 7120


INTERGEN TURKEY PROJECTS: Creditors' Proofs of Debt Due Sept. 17
----------------------------------------------------------------
The creditors of Intergen Turkey Projects Limited are required to
file their proofs of debt by Sept. 17, 2012, to be included in the
company's dividend distribution.

The company commenced liquidation proceedings on July 31, 2012.

The company's liquidator is:

         Hugh Dickson
         c/o John Royle
         10 Market Street #765
         Camana Bay
         Grand Cayman KY1 9006
         Cayman Islands
         Telephone: (345) 769 7206
         Main Telephone: (345) 949 7100
         Facsimile: (345) 949 7120


JUNIOR ENERGY: Creditors' Proofs of Debt Due Nov. 30
----------------------------------------------------
The creditors of Junior Energy Fund are required to file their
proofs of debt by Nov. 30, 2012, to be included in the company's
dividend distribution.

The company commenced liquidation proceedings on Aug. 10, 2012.

The company's liquidator is:

         Victor Murray
         MG Management Ltd.
         Landmark Square, 2nd Floor
         64 Earth Close, Seven Mile Beach
         PO Box 2745, Grand Cayman KY1-1111
         Cayman Islands
         Telephone: 1 345 749 8181


POWER DEVELOPMENT: Creditors' Proofs of Debt Due Sept. 17
---------------------------------------------------------
The creditors of Power Development Company Limited are required to
file their proofs of debt by Sept. 17, 2012, to be included in the
company's dividend distribution.

The company commenced liquidation proceedings on July 31, 2012.

The company's liquidator is:

         Hugh Dickson
         c/o John Royle
         10 Market Street #765
         Camana Bay
         Grand Cayman KY1 9006
         Cayman Islands
         Telephone: (345) 769 7206
         Main Telephone: (345) 949 7100
         Facsimile: (345) 949 7120


SAM II GENERATING: Creditors' Proofs of Debt Due Sept. 17
---------------------------------------------------------
The creditors of Sam II Generating Company (Cayman) Limited are
required to file their proofs of debt by Sept. 17, 2012, to be
included in the company's dividend distribution.

The company commenced liquidation proceedings on July 31, 2012.

The company's liquidator is:

         Hugh Dickson
         c/o John Royle
         10 Market Street #765
         Camana Bay
         Grand Cayman KY1 9006
         Cayman Islands
         Telephone: (345) 769 7206
         Main Telephone: (345) 949 7100
         Facsimile: (345) 949 7120


SAMALAYUCA CONSTRUCTION: Creditors' Proofs of Debt Due Sept. 17
---------------------------------------------------------------
The creditors of Samalayuca Construction Management Company
Limited are required to file their proofs of debt by Sept. 17,
2012, to be included in the company's dividend distribution.

The company commenced liquidation proceedings on July 31, 2012.

The company's liquidator is:

         Hugh Dickson
         c/o John Royle
         10 Market Street #765
         Camana Bay
         Grand Cayman KY1 9006
         Cayman Islands
         Telephone: (345) 769 7206
         Main Telephone: (345) 949 7100
         Facsimile: (345) 949 7120


TEF HOLDINGS: Creditors' Proofs of Debt Due Sept. 17
----------------------------------------------------
The creditors of TEF Holdings Limited are required to file their
proofs of debt by Sept. 17, 2012, to be included in the company's
dividend distribution.

The company commenced liquidation proceedings on July 31, 2012.

The company's liquidator is:

         Hugh Dickson
         c/o John Royle
         10 Market Street #765
         Camana Bay
         Grand Cayman KY1 9006
         Cayman Islands
         Telephone: (345) 769 7206
         Main Telephone: (345) 949 7100
         Facsimile: (345) 949 7120



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


DIGICEL GROUP: Offers Another US$700 Million Debt Issue
-------------------------------------------------------
Caribbean360.com reports that Digicel Group Limited has set a goal
of raising another US$700 million of debt financing through a
private bond placement that becomes due in 2020.

The company owned by Irish billionaire Denis O'Brien said the
proceeds will finance the repurchase or early redemption of all
the 9.125% and 9.875% toggle notes due to mature in 2015; and up
to US$245 million of an 8.875% bond also due in 2015, according to
Caribbean360.com.

Caribbean360.com notes that Citigroup Global Markets Inc will
serve as the dealer manager for the tender offer.

Digicel posted annual earnings of over US$1 billion for the year
ending March 31, 2012, the first time it surpassed the billion
dollar mark since it launched in the year 2000, Caribbean360.com
notes.  The report relates that Revenue was up 14 percent last
year and customer numbers hit 12.8 million by the end of March.

Incorporated in Hamilton, Bermuda, with headquarters in Kingston,
Jamaica, W.I., Digicel is the largest provider of wireless
telecommunication services in the Caribbean. Revenue for the
twelve months ended June 30, 2012 was US$2.5 billion.

                          *     *     *

As reported in the Troubled Company Reporter-Latin America on
Sept. 7, 2012, Moody's Investors Service has assigned a Caa1
rating to Digicel Group Limited's proposed US$700 million senior
unsecured notes due 2020.  Net proceeds will be used to repurchase
the entire tranche of the DGL 9.125%/9.875% senior PIK toggle
notes due 2015 (US$415 million outstanding) and a portion of the
8.875% senior notes due 2015 (US$1 billion outstanding) via tender
offers. In addition, Moody's affirmed Digicel's Corporate Family
Rating (CFR) and Probability of Default Rating (PDR), both at B2,
and maintained the stable rating outlook.



=================
G U A T E M A L A
=================


* GUATEMALA: S&P Affirms 'BB+' Sovereign Credit Rating
------------------------------------------------------
Standard & Poor's Ratings Services is revising its outlook on the
Republic of Guatemala to stable from negative. "At the same time,
we affirmed our 'BB+/B' local currency and 'BB/B' foreign currency
sovereign credit ratings on Guatemala. The transfer and
convertibility assessment and the recovery rating are unchanged at
'BBB-' and '3'," S&P said.

"The revision in the outlook to stable (after it had been revised
to negative in August 2011) is based on the gradually improving
prospects for GDP growth and tax revenue in Guatemala and the
implications these factors could have on Guatemala's fiscal
prospects over the next few years. We expect real GDP-per-capita
growth to improve to 1.3% in 2013 and 2014 despite the uncertainty
in the world economy. Together, with an expected gradual increase
in Guatemala's tax burden of about 1% of GDP between 2012 and
2014, these developments could stabilize Guatemala's increasing
net general government debt burden at 20% of GDP in 2014," S&P
said.

"The expected improvement in economic growth and fiscal revenues
should diminish the downside risks for Guatemala at the current
rating level," said Standard & Poor's credit analyst Sebastian
Briozzo. "However, the country is unlikely to generate sufficient
resources to make rapid progress in economic and social
development or public security."

"The stable outlook balances Guatemala's improving growth
prospects and fiscal and inflation performance against its limited
fiscal flexibility stemming from low revenues and high
infrastructure, social, and security needs. Additional progress on
a reform agenda that improves Guatemala's business climate and
growth momentum and, at the same time, generates more fiscal
resources to finance a more-comprehensive social and security
policy could lead to an upgrade. On the contrary, signs of greater
political polarization, deterioration in public security, higher
inflation, or wider external or fiscal deficits could lead to a
downgrade of the sovereign," S&P said.



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


* GUADALAJARA: Moody's Revises 'Ba1' Rating Outlook to Negative
---------------------------------------------------------------
Moody's de Mexico revised the outlook on the Municipality of
Guadalajara's A1.mx (Mexican National Scale) and Ba1 (Global
Scale, local currency) issuer ratings to negative from stable.
Issuer ratings of the municipality remain as Ba1/A1.mx.

Ratings Rationale

According to Moody's analyst Roxana Munoz, "the outlook change
reflects Moody's view that there is a significant risk that the
recent deterioration of key credit factors could continue in 2012
and reach levels that are no longer consistent with Guadalajara's
current Ba1/A1.mx ratings." Despite that the municipality
registered still positive gross operating margins, consolidated
financial results and debt metrics deteriorated during 2011.

In 2011, the municipality's gross operating balance was equivalent
to 7.9% of operating revenues, compared to 12.5% registered in
2010. The drop in this indicator was mainly because of an increase
in operating expenditures, driven by salaries and general services
reflecting principally both, expenditures related to the Pan-
American Games and in public security. Moody's considers that
returning to the gross operating surpluses of previous years will
represent a challenge for the municipality in 2012 and forward.

As a result of the weakening operating performance coupled with
high capital expenditure levels, Guadalajara registered a cash
financing deficit in 2011 equivalent to -10.2% of its consolidated
revenues, a high level compared to Ba1 rated peers. The increase
of 359% in capital expenditures in 2011 from the previous year
reflects the change of road surface in the main streets of the
city.

The cash financing deficit in 2011 has driven Guadalajara's net
direct and indirect debt to 52.6% of operating revenues, up from
34.9% in 2010, one of the highest levels compared to
municipalities rated by Moody's. Debt service costs are estimated
to reach 3.5% of total revenues in 2012 reflecting compared to
2.7% in 2011.

What Could Move The Ratings Up/Down

Although Moody's does not expect upward pressure in the medium
term, the recording of strong gross operating balances and
balanced cash financing results, leading to: a) a progressive
reduction in net direct and indirect debt metrics and; b) positive
liquidity position, could stabilize the outlook of the issuer
ratings.

Given the current high debt levels, failure to cut operating
expenditures and increase tax/revenue collection, along with the
generation of additional cash financing requirements could exert
downward pressure on the ratings. Further deterioration of the
municipality's liquidity position, could also affect the ratings.

The methodologies used in this rating were "Regional and Local
Governments Outside the US," published in May 2008, "The
Application of Joint Default Analysis to Regional and Local
Governments," published in December 2008, and "Mapping Moody's
National Scale Ratings to Global Scale Ratings" published in March
2011.

The date of the last Credit Rating Action was 16 April 2008.


* MEXICO: Moody's Says Water Cos. Face Significant Challenges
-------------------------------------------------------------
Thin operating margins, numerous inefficiencies and limited
infrastructure investment continue to restrict the performance of
water companies in Mexico, says Moody's Investors Service in the
report "Mexico's Water Companies: Ongoing Challenges."

"Water companies exhibit a structural dependence on transfers from
higher levels of government to cover their operating expenditures
and capital investment needs," says Roxana Munoz, a Moody's
Analyst and author of the report. "Such dependence puts a growing
strain on all layers of government to ensure the continuous
operation of the companies. These characteristics are not
supportive of higher ratings than those of their respective
governments."

The water companies show weak financial performance because water
prices in Mexico, which often must be approved by local councils
or state governments, are low by international standards and
revenues rarely cover operating costs. Among the water companies
rated by Moody's, operating margins averaged 3.5% in 2011.

"The lack of appropriate and consistent price increases is a
credit negative for the sector," added Ms. Munoz.

These problems will limit the appeal the water companies have for
lenders. In most cases, state and local governments will remain
the chief source of funding for the water companies over the
medium term, says Moody's.



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


PETROTRIN: Operations is Back to Normal After 3-Days Strike
-----------------------------------------------------------
Sasha Harrinanan at Trinidad & Tobago Newsday reports that after
three days of an unofficial strike action by Petroleum Company of
Trinidad and Tobago (Petrotrin) workers, Company President Khalid
Hassanali said that operations at the State-owned energy company
were back to normal and at no time was there a fuel shortage.

The strike action took place at the company's Marine division and
the filling bond at its Pointe-a-Pierre head office, according to
Trinidad & Tobago Newsday.  The report relates that while there
was no gas shortage, panic buying especially in South Trinidad led
to several gas stations running out of supplies.

The report notes that the workers, represented by the Oilfields
Workers' Trade Union (OWTU), downed tools to highlight their
frustration over three issues -- the lack of variable pay for
2009/2010, 500 unfilled vacancies and government's recent
announcement that it intended to award a bunkering contract to the
new entity, Bunkers Oil Trinidad and Tobago; a subsidiary of
Bunkers' Oil International Corporation.  Asked if Petrotrin had
made any sort of overture to the workers or the OWTU, Mr.
Hassanali said nothing of the sort had taken place and credited
the employees' resumption of work to on-going dialogue between the
company and the union, the report relates.

Regarding the 2009/2010 variable pay matter, Mr. Hassanali
reiterated the union's expectation of a payout was a
misunderstanding because Petrotrin had to use its profits to
partially write-off a failed investment in the World GTL (gas to
liquid) Limited plant in Pointe-a-Pierre, the report notes.

The report discloses that in terms of the union's objection to a
private contract for bunkering services, the Mr. Hassanali said
one strategy would be to have a "good balance between how many
bunkering barges we have and how many that others have...There is
enough room in the market, especially if we expand the market and
Trinidad and Tobago becomes some kind of a bunkering capital as
well."

Energy Minister Kevin Ramnarine said he had been informed
yesterday afternoon that an all-staff bulletin has gone out at
Petrotrin, indicating workers had begun to return to work and
expressed his joy at this news. "I'm happy to hear that the
workers have returned to work," the report adds.

Petroleum Company of Trinidad and Tobago is the major state-owned
oil company in Trinidad and Tobago.  The company was established
in 1993 by the merger of Trintopec and Trintoc, two state-owned
oil companies.  Petrotrin's main holdings are extensive, mature
onshore fields located across southern Trinidad.  Large areas
have been leased out to small private producers who are able to
make a profit on wells that are unprofitable for Petrotrin,
giving it higher labor costs.  The company operates a refinery at
Pointe- Pierre, just north of San Fernando in south Trinidad.
Most crude petroleum produced in Trinidad is exported without
being refined. The refinery depends on imported crude (mostly
from Venezuela), which is either used domestically or exported.

                         *     *     *

As reported in the Troubled Company Reporter-Latin America on
June 9, 2010, Trinidad Express said that four members of
Petrotrin submitted their resignation letters.  According to the
report, Malcom Jones resigned as chairman of Petrotrin and from
the State boards.  The report related board members Lawford
Dupres, who chaired the National Petroleum board, attorney Kerwin
Garcia and Andrew McIntosh had also resigned.  Prime Minister
Kamla Persad-Bissessar, the report noted, said that Cabinet had
ordered a forensic audit of Petrotrin as there were "grounds for
suspicion of misconduct" at Petrotrin similar to what may have
transpired at special-purpose State enterprise UDeCOTT.  The
report said that the company was experiencing serious financial
difficulties resulting in high cost overruns of its refinery
upgrade.   The situation was exacerbated by a US$12 billion
lawsuit by World GTL Inc. against Petrotrin, the report added.



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


* BOND PRICING: For the Week Sept. 3 to Sept. 7, 2012
-----------------------------------------------------

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

ARGENTINA
---------

ARGENT-$DIS              8.28    12/31/2033   USD           61.313
ARGENT-$DIS              8.28    12/31/2033   USD             65.5
ARGENT-$DIS              8.28    12/31/2033   USD            63.75
ARGENT-$DIS              8.28    12/31/2033   USD            64.25
ARGENT-$DIS              8.28    12/31/2033   USD            68.25
ARGENT-PAR               1.18    12/31/2038   ARS           39.127
ARGENT- DIS              7.82    12/31/2033   EUR           57.375
ARGENT- DIS              7.82    12/31/2033   EUR             57.5
ARGENT- DIS              7.82    12/31/2033   EUR             57.5
ARGENT- DIS              4.33    12/31/2033   JPY               42
ARGENT- PAR              0.45    12/31/2038   JPY               15
ARGENT- PAR&GDP          0.45    12/31/2038   JPY                8
ARGNT-BOCON PRE9            2    3/15/2014    ARS               61
BANCO MACRO SA           9.75    12/18/2036   USD               71
BANCO MACRO SA           9.75    12/18/2036   USD             70.5
BANCO MACRO SA           9.75    12/18/2036   USD            71.03
CAPEX SA                   10    3/10/2018    USD               65
CAPEX SA                   10    3/10/2018    USD           66.375
CIA LATINO AMER           9.5    12/15/2016   USD               73
EMP DISTRIB NORT         9.75    10/25/2022   USD               48
EMP DISTRIB NORT         9.75    10/25/2022   USD           43.625
EMP DISTRIB NORT         10.5    10/9/2017    USD            39.83
PROV BUENOS AIRE        9.625    4/18/2028    USD           56.125
PROV BUENOS AIRE        9.625    4/18/2028    USD           55.868
PROV BUENOS AIRE        9.375    9/14/2018    USD           64.125
PROV BUENOS AIRE        9.375    9/14/2018    USD           64.049
PROV BUENOS AIRE       10.875    1/26/2021    USD           64.328
PROV BUENOS AIRE       10.875    1/26/2021    USD           64.377
PROV DE CORDOBA        12.375    8/17/2017    USD           72.487
PROV DE CORDOBA        12.375    8/17/2017    USD             72.5
PROV DE FORMOSA             5    2/27/2022    USD           58.875
PROV DE MENDOZA           5.5    9/4/2018     USD            71.25
PROV DE MENDOZA           5.5    9/4/2018     USD           70.926
PROV DEL CHACO              4    12/4/2026    USD            25.75
PROV DEL CHACO              4    11/4/2023    USD           52.375
RAGHSA CONSTRUCC          8.5    2/16/2017    USD               94
TRANSENER                9.75    8/15/2021    USD             44.5
TRANSENER                9.75    8/15/2021    USD           39.625


BRAZIL
------

BANCO BONSUCESSO         9.25    11/3/2020    USD            72.25
BANCO BONSUCESSO         9.25    11/3/2020    USD           71.875
BANCO CRUZEIRO          8.875    9/22/2020    USD           18.625
BANCO CRUZEIRO          8.875    9/22/2020    USD             20.5
BANCO CRUZEIRO              7    7/8/2013     USD           40.625
BANCO CRUZEIRO           8.25    1/20/2016    USD               43
BANCO CRUZEIRO          7.625    4/21/2014    USD             43.5
BANCO CRUZEIRO           8.25    1/20/2016    USD           41.375
BANCO CRUZEIRO            8.5    2/20/2015    USD            42.25
BANCO CRUZEIRO              8    9/17/2012    USD               40
BANCO CRUZEIRO            8.5    2/20/2015    USD               43
CESP                     9.75    1/15/2015    BRL            72.64
REDE EMPRESAS          11.125                 USD           36.125
REDE EMPRESAS          11.125                 USD           36.125
REDE EMPRESAS          11.125                 USD               43


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

BCP FINANCE BANK         5.01    3/31/2024    EUR               61
BCP FINANCE BANK         5.31    12/10/2023   EUR           63.625
BCP FINANCE CO          5.543                 EUR            27.25
BCP FINANCE CO          4.239                 EUR           25.017
BES FINANCE LTD          5.58                 EUR           39.167
BES FINANCE LTD           4.5                 EUR           51.125
CAM GLOBAL FIN           6.08    12/22/2030   EUR               42
CHINA FORESTRY          10.25    11/17/2015   USD             58.2
CHINA FORESTRY          10.25    11/17/2015   USD           60.875
CHINA SUNERGY            4.75    6/15/2013    USD               74
EFG HELLAS CAYMA            9    6/8/2019     EUR           52.375
EFG ORA FUNDING           1.7    10/29/2014   EUR           49.802
ESFG INTERNATION        5.753                 EUR           33.875
GOL FINANCE              8.75                 USD               72
GOL FINANCE              8.75                 USD            72.25
JINKOSOLAR HOLD             4    5/15/2016    USD           43.425
LDK SOLAR CO LTD         4.75    4/15/2013    USD             65.1
LUPATECH FINANCE        9.875                 USD             59.5
LUPATECH FINANCE        9.875                 USD           56.625
RENHE COMMERCIAL           13    3/10/2016    USD               47
RENHE COMMERCIAL           13    3/10/2016    USD           48.375
RENHE COMMERCIAL        11.75    5/18/2015    USD             51.5
RENHE COMMERCIAL        11.75    5/18/2015    USD           52.268
SHINSEI FIN CAYM        6.418                 USD            70.25
SHINSEI FIN CAYM        6.418                 USD            70.25
SHINSEI FINANCE          7.16                 USD           70.875
SHINSEI FINANCE          7.16                 USD           70.875
SOLARFUN POWER H          3.5    1/15/2018    USD            72.25
SOLARFUN POWER H          3.5    1/15/2018    USD           72.569
SUNTECH POWER               3    3/15/2013    USD           41.751
SUNTECH POWER               3    3/15/2013    USD           41.313


CHILE
-----

CGE DISTRIBUCION         3.25    12/1/2012    CLP           10.083
COLBUN SA                 3.2    5/1/2013     CLP           50.313
QUINENCO SA               3.5    7/21/2013    CLP           12.546


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

BANCO SANTANDER           6.1    6/1/2032     USD           60.143
BANCO SANTANDER           6.3    6/1/2032     USD           61.833
PUERTO RICO CONS          6.5    4/1/2016     USD           63.875


VENEZUELA
---------

ELEC DE CARACAS           8.5    4/10/2018    USD            73.75
PETROLEOS DE VEN          5.5    4/12/2037    USD           60.125
PETROLEOS DE VEN        5.375    4/12/2027    USD            61.94
VENEZUELA                   7    3/31/2038    USD           69.027
VENEZUELA                   7    3/31/2038    USD            69.75
VENEZUELA                   6    12/9/2020    USD            73.75


                            ***********


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, 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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