TCRLA_Public/130212.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, February 12, 2013, Vol. 14, No. 30


                            Headlines



A R G E N T I N A

BANCO DE VALORES: Moody's Affirms Trustee Quality Assessment
* ARGENTINA: Wants to Move to Falklands for UK Benefits Culture
* ARGENTINA: Court Upholds Freeze on Chevron Assets


C A Y M A N  I S L A N D S

AFA PRIVATE: Members Receive Wind-Up Report
AL DANA SHARIAH: Members Receive Wind-Up Report
BGI MULTI-STRATEGY: Shareholders Receive Wind-Up Report
CROWN INVESTMENT: Shareholders Receive Wind-Up Report
IHS INVESTMENTS: Shareholders Receive Wind-Up Report

LITTLE PLANE: Shareholders Receive Wind-Up Report
MPC HOLD CO: Shareholders Receive Wind-Up Report
MPC HOLDCO: Shareholders Receive Wind-Up Report
MPC INVESTORS: Shareholders Receive Wind-Up Report
ORISTAN OPPORTUNITY: Members Receive Wind-Up Report

ORISTAN OPPORTUNITY MANAGEMENT: Shareholders Hear Wind-Up Report
RASMALA ISLAMIC: Members Receive Wind-Up Report
RASMALA ISLAMIC FUND: Members Receive Wind-Up Report
REMEDIAL CAYMAN: Shareholders Receive Wind-Up Report
RIVERSIDE WISDOM: Shareholders Receive Wind-Up Report

RODOMONTE FUNDING: Shareholders Receive Wind-Up Report
SCJREP CAYMAN I: Shareholder Receives Wind-Up Report
SCJREP CAYMAN II: Shareholder Receives Wind-Up Report
SPRING ASSET: Shareholders Receive Wind-Up Report
YAOLAN LTD: Shareholders Receive Wind-Up Report


J A M A I C A

NATIONAL COMMERCIAL BANK: Investigators to Charge More Persons
* JAMAICA: Unemployment Rises 13.7% in October, STATIN Says


V E N E N Z U E L A

SIDETUR SA: Technical Default Cues Fitch to Cut IDR to 'D'


X X X X X X X X

* Large Companies With Insolvent Balance Sheets




                            - - - - -


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


BANCO DE VALORES: Moody's Affirms Trustee Quality Assessment
------------------------------------------------------------
Moody's Investors Service affirmed the trustee quality assessment
of TQ1.ar of Banco de Valores, S.A., a financial institution
headquartered in the City of Buenos Aires, Argentina that provides
trustee services for local structured finance transactions,
previously assessed on March 28, 2011.

The affirmation is based on Valores' strong management capability
of entrusted assets for the benefit of a securitization's trust
certificate holders. Moody's modifier of ".ar" indicates that the
TQ assessment is an Argentine national scale assessment and is
only comparable with other TQ assessments assigned to other
entities within Argentina.

Assessment Rationale

The TQ1.ar is the highest TQ assessment that could be achieved by
an Argentine trustee and is based primarily on the following
factors:

  - A sound organizational structure and business strategy and an
experienced management team with several years of experience in
the capital and structured finance markets;

  - The commitment of the Board of Directors to providing trustee
services as a crucial part of Valores' business strategy;

  - Strong trustee's ability to perform its role in securitized
transactions based on Valores' proactive role in the monitoring
and reporting of structured transactions as well as the superior
management capability of the cash flows;

  - The presence of clear origination procedures, and safeguards
in the events of stress on the entrusted portfolios as well as
clear procedures in the event of servicer replacement, quality
control procedures, and its adequate computer systems;

  - Strong (-) financial stability in comparison to its peers as
indicated by its B2/Aa3.ar local currency deposits ratings.

TQs represent Moody's assessment of a trustee's ability to manage
a structured finance deal's assets for the benefit of investors.
Moody's Trustee Quality assessment incorporates mostly qualitative
evaluations of a trustee's operations and financial stability.

Moody's TQ assessment differs from traditional debt ratings, which
are opinions as to the expected loss associated with a specific
debt instrument. TQ assessment do not evaluate a trustee's ability
to repay its debt obligations but rather its ability to manage the
assets it holds in trust and fulfill its obligations under the
terms of the transaction documents.

Valores is owned by the Buenos Aires Stock Exchange and
specializes in providing banking and clearing services to the
securities industry and capital market participants.


* ARGENTINA: Wants to Move to Falklands for UK Benefits Culture
---------------------------------------------------------------
Casper Panklehurst at The Daily Squib reports that it has been
revealed what Argentina President Cristina Kirchner is planning to
do in the next few months.

"We heard the UK has got a great benefits culture because everyone
from the world goes there to get free money, healthcare and
schooling.  We want the same because in Argentina we are bankrupt.
This is why my friends, we are all going to move to Falkland
Islands and then we can have same thing British people have,"
Carlos Jakalloa, an unemployed Argentine man from the capital city
told local news outlets, according to The Daily Squib.

The report relates that Cristina Kirchner said that at some stage,
thousands of ships will embark from the coast and sail to the
Falkland Isles where the millions of Argentinians will disembark
and start building their homes.


* ARGENTINA: Court Upholds Freeze on Chevron Assets
---------------------------------------------------
The Gleaner reports that an attempt by Chevron Corp to unfreeze
its assets was dismissed by an appeals court in Argentina, where
the winners of a US$19 billion environmental judgment in Ecuador
are suing to force the oil company to pay.

Plaintiffs' attorney Pablo Fajardo told The Associated Press that
the court refused to lift an embargo that a lower-court judge
imposed in November in the case, which involves oil contamination
left after Texaco Corp pulled out of the Amazon decades ago.
Chevron later bought Texaco and inherited the problem, according
to The Gleaner.

"Chevron respectfully disagrees with the court's decision" and
will pursue all available legal remedies to reverse the interim
measure, the report quoted spokesman Kurt Glaubitz as saying.

Chevron has no assets in Ecuador, so the plaintiffs have filed
suits in Canada, Brazil and Argentina.

Chevron has refused to pay, saying that if the accusations had
been legitimate, the plaintiffs would be seeking relief in the
United States, where the company is headquartered, the report
recalls.  The Gleaner relates that each side has accused the other
of committing fraud during the long judicial process, which began
in the United States but moved to Ecuador with Chevron's consent
at a time when the country was led by interests more sympathetic
to foreign oil companies than its current president, leftist
Rafael Correa.



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


AFA PRIVATE: Members Receive Wind-Up Report
-------------------------------------------
On Dec. 24, 2012, the members of AFA Private Equity Fund I
received 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


AL DANA SHARIAH: Members Receive Wind-Up Report
-----------------------------------------------
On Dec. 24, 2012, the members of Al Dana Shariah Compliant Global
Equity Manager Selection Fund Ltd. received 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


BGI MULTI-STRATEGY: Shareholders Receive Wind-Up Report
-------------------------------------------------------
On Jan. 4, 2013, the shareholders of The BGI Multi-Strategy Select
(Sterling) Fund Limited received the liquidator's report on the
company's wind-up proceedings and property disposal.

The company's liquidator is:

         Intertrust Corporate Services (Cayman) Limited
         87 Mary Street, George Town
         Grand Cayman KY1-9002
         Cayman Islands
         c/o Jennifer Chailler
         Telephone: (345) 814 6847


CROWN INVESTMENT: Shareholders Receive Wind-Up Report
-----------------------------------------------------
On Jan. 4, 2013, the shareholders of Crown Investment Company
Limited received the liquidator's report on the company's wind-up
proceedings and property disposal.

The company's liquidator is:

         Intertrust SPV (Cayman) Limited
         87 Mary Street, George Town
         Grand Cayman KY1-9002
         Cayman Islands
         c/o Jennifer Chailler
         Telephone: (345) 814 6847


IHS INVESTMENTS: Shareholders Receive Wind-Up Report
----------------------------------------------------
The shareholders of IHS Investments Limited received the
liquidator's report on the company's wind-up proceedings and
property disposal.

The company's liquidator is:

         Michael Sharp
         15 Inverness Way East, W300C
         Englewood, CO  80112
         USA


LITTLE PLANE: Shareholders Receive Wind-Up Report
-------------------------------------------------
On Jan. 4, 2013, the shareholders of Little Plane Five Limited
received the liquidator's report on the company's wind-up
proceedings and property disposal.

The company's liquidator is:

         Trident Liquidators (Cayman) Limited
         c/o Mrs. Eva Moore
         Trident Trust Company (Cayman) Limited
         Telephone: (345) 949 0880
         Facsimile: (345) 949 0881
         P.O. Box 847, George Town Grand Cayman KY1-1103
         Cayman Islands


MPC HOLD CO: Shareholders Receive Wind-Up Report
------------------------------------------------
On Dec. 3, 2012, the shareholders of MPC Hold Co Cayman received
the liquidator's report on the company's wind-up proceedings and
property disposal.

The company's liquidator is:

         KPH Holdings Ltd
         c/o Intertrust Corporate Services (Cayman) Limited
         87 Mary Street, George Town
         Grand Cayman KY1-9005
         Cayman Islands
         Telephone: +65 6338 2132


MPC HOLDCO: Shareholders Receive Wind-Up Report
-----------------------------------------------
On Dec. 25, 2012, the shareholders of MPC Holdco Limited received
the liquidator's report on the company's wind-up proceedings and
property disposal.

The company's liquidator is:

         KPH Holdings Ltd
         c/o Intertrust Corporate Services (Cayman) Limited
         87 Mary Street, George Town
         Grand Cayman KY1-9005
         Cayman Islands
         Telephone: +65 6338 2132


MPC INVESTORS: Shareholders Receive Wind-Up Report
--------------------------------------------------
On Dec. 25, 2012, the shareholders of MPC Investors Limited
received the liquidator's report on the company's wind-up
proceedings and property disposal.

The company's liquidator is:

         KPH Holdings Ltd
         c/o Intertrust Corporate Services (Cayman) Limited
         87 Mary Street, George Town
         Grand Cayman KY1-9005
         Cayman Islands
         Telephone: +65 6338 2132


ORISTAN OPPORTUNITY: Members Receive Wind-Up Report
---------------------------------------------------
On Jan. 4, 2013, the shareholders of Oristan Opportunity Fund
Investments Limited received the liquidator's report on the
company's wind-up proceedings and property disposal.

The company's liquidator is:

         Intertrust Corporateservices (Cayman) Limited
         Walker House, 87 Mary Street, George Town
         Grand Cayman KY1-9002
         Cayman Islands
         c/o Jennifer Chailler
         Telephone: (345) 814 6847


ORISTAN OPPORTUNITY MANAGEMENT: Shareholders Hear Wind-Up Report
----------------------------------------------------------------
On Jan. 4, 2013, the shareholders of Oristan Opportunity Fund
Management Limited received the liquidator's report on the
company's wind-up proceedings and property disposal.

The company's liquidator is:

         Intertrust Corporateservices (Cayman) Limited
         Walker House, 87 Mary Street, George Town
         Grand Cayman KY1-9002
         Cayman Islands
         c/o Jennifer Chailler
         Telephone: (345) 814 6847


RASMALA ISLAMIC: Members Receive Wind-Up Report
-----------------------------------------------
On Dec. 24, 2012, the members of Rasmala Islamic Global Equity
Opportunity Ltd. received 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 ISLAMIC FUND: Members Receive Wind-Up Report
----------------------------------------------------
On Dec. 24, 2012, the members of Rasmala Islamic Global Equity
Opportunity Fund received 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


REMEDIAL CAYMAN: Shareholders Receive Wind-Up Report
----------------------------------------------------
On Dec. 27, 2012, the shareholders of Remedial Cayman ESV2 Limited
received the liquidator's report on the company's wind-up
proceedings and property disposal.

The company's liquidator is:

         Richard Finlay
         c/o Noel Webb
         Telephone: (345) 814 7394
         Facsimile: (345) 945 3902
         P.O. Box 2681 Grand Cayman KY1-1111
         Cayman Islands


RIVERSIDE WISDOM: Shareholders Receive Wind-Up Report
-----------------------------------------------------
On Jan. 29, 2013, the shareholders of Riverside Wisdom World
Allocation Fund received the liquidator's report on the company's
wind-up proceedings and property disposal.

The company's liquidator is:

         Mourant Ozannes Cayman Liquidators Limited
         94 Solaris Avenue, Camana Bay
         P.O. Box 1348 Grand Cayman KY1-1108
         Cayman Islands


RODOMONTE FUNDING: Shareholders Receive Wind-Up Report
------------------------------------------------------
On Jan. 4, 2013, the shareholders of Rodomonte Funding Ltd.
received the liquidator's report on the company's wind-up
proceedings and property disposal.

The company's liquidator is:

         Intertrust Corporate Services (Cayman) Limited
         87 Mary Street, George Town
         Grand Cayman KY1-9002
         Cayman Islands
         c/o Jennifer Chailler
         Telephone: (345) 814 6847


SCJREP CAYMAN I: Shareholder Receives Wind-Up Report
----------------------------------------------------
On Dec. 24, 2012, the shareholder of SCJREP Cayman I, Ltd.
received the liquidator's report on the company's wind-up
proceedings and property disposal.

The company's liquidator is:

         Phi Le
         c/o Secured Capital Investment Management Co., Ltd.
         4-1-28 Toranomon, Minato-ku
         Tokyo 105-001
         Japan


SCJREP CAYMAN II: Shareholder Receives Wind-Up Report
-----------------------------------------------------
On Dec. 24, 2012, the shareholder of SCJREP Cayman II, Ltd.
received the liquidator's report on the company's wind-up
proceedings and property disposal.

The company's liquidator is:

         Phi Le
         c/o Secured Capital Investment Management Co., Ltd.
         4-1-28 Toranomon, Minato-ku
         Tokyo 105-001
         Japan


SPRING ASSET: Shareholders Receive Wind-Up Report
-------------------------------------------------
On Jan. 4, 2013, the shareholders of Spring Asset Funding Ltd.
received 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


YAOLAN LTD: Shareholders Receive Wind-Up Report
-----------------------------------------------
On Dec. 31, 2012, the shareholders of Yaolan Ltd. received the
liquidator's report on the company's wind-up proceedings and
property disposal.

The company's liquidator is:

         Matthew J. Estes
         4th Floor, Bldg. A, East Gate Plaza
         Dong Cheng District, Beijing
         100027 PRC
         Telephone: (86-10) 6419 8866
         Facsimile: (86-10) 6418-2021



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


NATIONAL COMMERCIAL BANK: Investigators to Charge More Persons
--------------------------------------------------------------
RJR News reports that Senior Superintendent Clifford Chambers,
head of the Organized Crime Investigation Division (OCID) said
investigators are looking for additional persons in connection
with the multi-million dollar loan racket at the National
Commercial Bank.

"NCB case continues nevertheless.  There are some additional
persons that have been summoned to court and we are presently
looking for more suspects in that matter," RJR News quoted Mr.
Chambers as saying.

RJR News notes that OCID began its probe in December after the
bank discovered that J$85 million dollars in loans were granted to
persons who had submitted fake supporting documents such as job
letters from companies that did not exist.

Five persons have been charged.

They include the alleged mastermind 40 year old businessman Wayne
Tait, RJR News says.


* JAMAICA: Unemployment Rises 13.7% in October, STATIN Says
-----------------------------------------------------------
RJR News reports that the Statistical Institute of Jamaica,
(STATIN) said the jobless rate in Jamaica, rose for a second
straight quarter.

Unemployment rose to 13.7% of the labor force in October,
according to RJR News.  The report relates that the rate is up
from 12.8% at the end of July.

RJR News notes that the increased unemployment rate came with a
net loss of 6,500 jobs, for the period July to October last year.

Job losses were recorded among construction as well as craft and
related trades workers, the report relates.

Areas showing job gains in the same period were the agricultural
sector and some elementary occupations.



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


SIDETUR SA: Technical Default Cues Fitch to Cut IDR to 'D'
----------------------------------------------------------
Fitch Ratings has downgraded these ratings of Sidururgica del
Turbio S.A.:

Sidetur S.A.

-- Foreign currency Long Term Issuer Default Rating (IDR) to 'C'
    from 'CCC'; Watch Negative;
-- Local currency Long Term IDR to 'C' from 'CCC'; Watch
    Negative;
-- National scale rating to 'C(ven)' from 'CCC(ven)'.

Sidetur Finance B.V.

-- USD100 million unsecured notes due 2016 issued by Sidetur
    Finance B.V., a wholly owned subsidiary of Sidetur to 'C/RR4';
    from 'CCC/RR4'; Watch Negative.

Fitch has affirmed these rating of Sidetur S.A.

-- National short-term rating at 'C(ven)'.

The Rating Watch Negative has been removed.

The downgrade follows the technical default on the USD100 million
unsecured notes issued by Sidetur Finance B.V. that was triggered
as a result of the restricted cash account not being replenished
by the due date to USD7.6 million with creditors being notified by
the trustee in a letter on Jan. 30, 2013 This technical default
has a 60-day cure period.

If the restricted cash account is not replenished within the cure
period expiring in late March 2013, the notes will be in default
of a committed payment obligation. Due to the circumstances of
Sidetur's assets, which are under the control of the government of
Venezuela, and the ongoing issues surrounding the payment for the
seized assets to Sidetur and its parent Sivensa, Fitch does not
anticipate the restricted cash being replenished within the cure
period.

The scheduled coupon payment of principal and interest on the
notes of USD3.2 million was paid from the restricted cash account
on Jan. 20, 2013. The balance left in the restricted cash account
is sufficient to cover the scheduled coupon payment on April 20,
2013. After this date, absent restricted account replenishment,
the coupon payment due on July 20, 2013 will not be met.

The Recovery Rating of 'RR4' is maintained on the notes, and
reflects anticipated recoveries of 30% - 50%. This follows the
application of Fitch's 'Country Specific Treatment of Recovery
Ratings' criteria where Venezuela has a 'soft cap' at RR4. There
are no assets remaining on the Borrower's balance sheet, but the
noteholders' recovery prospects are somewhat supported by the
Venezuelan government's track record for paying for nationalized
assets, such as the payments made to Cemex and Sidor for their
expropriated assets in Venezuela. The length of time to resolve
the compensation issue remains unclear, as does the final value to
be received, and will likely be settled through a long, drawn-out
process.


===============
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)
-------              ------          ---------      ------------


AGRENCO LTD          AGRE LX         395826857.5   -540627165.4
AGRENCO LTD-BDR      AGEN11 BZ       395826857.5   -540627165.4
ALL ORE MINERACA     AORE3 BZ        21657457.41   -7184940.816
ALL ORE MINERACA     STLB3 BZ        21657457.41   -7184940.816
ARTHUR LAN-DVD C     ARLA11 BZ       11642255.92   -17154461.86
ARTHUR LAN-DVD P     ARLA12 BZ       11642255.92   -17154461.86
ARTHUR LANGE         ARLA3 BZ        11642255.92   -17154461.86
ARTHUR LANGE SA      ALICON BZ       11642255.92   -17154461.86
ARTHUR LANGE-PRF     ARLA4 BZ        11642255.92   -17154461.86
ARTHUR LANGE-PRF     ALICPN BZ       11642255.92   -17154461.86
ARTHUR LANG-RC C     ARLA9 BZ        11642255.92   -17154461.86
ARTHUR LANG-RC P     ARLA10 BZ       11642255.92   -17154461.86
ARTHUR LANG-RT C     ARLA1 BZ        11642255.92   -17154461.86
ARTHUR LANG-RT P     ARLA2 BZ        11642255.92   -17154461.86
B&D FOOD CORP        BDFCE US           14423532       -3506007
B&D FOOD CORP        BDFC US            14423532       -3506007
BALADARE             BLDR3 BZ        159454015.9   -52992212.81
BATTISTELLA          BTTL3 BZ        246036232.2   -51251360.68
BATTISTELLA-PREF     BTTL4 BZ        246036232.2   -51251360.68
BATTISTELLA-RECE     BTTL9 BZ        246036232.2   -51251360.68
BATTISTELLA-RECP     BTTL10 BZ       246036232.2   -51251360.68
BATTISTELLA-RI P     BTTL2 BZ        246036232.2   -51251360.68
BATTISTELLA-RIGH     BTTL1 BZ        246036232.2   -51251360.68
BOMBRIL              BMBBF US        344846084.5   -16082109.13
BOMBRIL              FPXE4 BZ        19416015.78   -489914901.9
BOMBRIL              BOBR3 BZ        344846084.5   -16082109.13
BOMBRIL CIRIO SA     BOBRON BZ       344846084.5   -16082109.13
BOMBRIL CIRIO-PF     BOBRPN BZ       344846084.5   -16082109.13
BOMBRIL HOLDING      FPXE3 BZ        19416015.78   -489914901.9
BOMBRIL SA-ADR       BMBPY US        344846084.5   -16082109.13
BOMBRIL SA-ADR       BMBBY US        344846084.5   -16082109.13
BOMBRIL-PREF         BOBR4 BZ        344846084.5   -16082109.13
BOMBRIL-RGTS PRE     BOBR2 BZ        344846084.5   -16082109.13
BOMBRIL-RIGHTS       BOBR1 BZ        344846084.5   -16082109.13
BOTUCATU TEXTIL      STRP3 BZ        27663604.95   -7174512.028
BOTUCATU-PREF        STRP4 BZ        27663604.95   -7174512.028
BUETTNER             BUET3 BZ        106809931.8   -26451200.98
BUETTNER SA          BUETON BZ       106809931.8   -26451200.98
BUETTNER SA-PRF      BUETPN BZ       106809931.8   -26451200.98
BUETTNER SA-RT P     BUET2 BZ        106809931.8   -26451200.98
BUETTNER SA-RTS      BUET1 BZ        106809931.8   -26451200.98
BUETTNER-PREF        BUET4 BZ        106809931.8   -26451200.98
CAF BRASILIA         CAFE3 BZ        160938139.9   -149281089.5
CAF BRASILIA-PRF     CAFE4 BZ        160938139.9   -149281089.5
CAFE BRASILIA SA     CSBRON BZ       160938139.9   -149281089.5
CAFE BRASILIA-PR     CSBRPN BZ       160938139.9   -149281089.5
CELGPAR              GPAR3 BZ         2657428496   -817505840.1
CENTRAL COST-ADR     CCSA LI         369642685.3    -49030758.7
CENTRAL COSTAN-B     CRCBF US        369642685.3    -49030758.7
CENTRAL COSTAN-B     CNRBF US        369642685.3    -49030758.7
CENTRAL COSTAN-C     CECO3 AR        369642685.3    -49030758.7
CENTRAL COST-BLK     CECOB AR        369642685.3    -49030758.7
CHIARELLI SA         CCHI3 BZ        11165368.88    -88048393.7
CHIARELLI SA         CCHON BZ        11165368.88    -88048393.7
CHIARELLI SA-PRF     CCHI4 BZ        11165368.88    -88048393.7
CHIARELLI SA-PRF     CCHPN BZ        11165368.88    -88048393.7
CIA PETROLIFERA      MRLM3 BZ        377602195.2   -3014291.724
CIA PETROLIFERA      MRLM3B BZ       377602195.2   -3014291.724
CIA PETROLIFERA      1CPMON BZ       377602195.2   -3014291.724
CIA PETROLIF-PRF     MRLM4 BZ        377602195.2   -3014291.724
CIA PETROLIF-PRF     MRLM4B BZ       377602195.2   -3014291.724
CIA PETROLIF-PRF     1CPMPN BZ       377602195.2   -3014291.724
CIMOB PARTIC SA      GAFP3 BZ         44047411.7   -45669963.59
CIMOB PARTIC SA      GAFON BZ         44047411.7   -45669963.59
CIMOB PART-PREF      GAFP4 BZ         44047411.7   -45669963.59
CIMOB PART-PREF      GAFPN BZ         44047411.7   -45669963.59
COBRASMA             CBMA3 BZ        84044218.09    -2153724140
COBRASMA SA          COBRON BZ       84044218.09    -2153724140
COBRASMA SA-PREF     COBRPN BZ       84044218.09    -2153724140
COBRASMA-PREF        CBMA4 BZ        84044218.09    -2153724140
CONST A LINDEN       CALI3 BZ        12894010.61   -2805191.164
CONST A LINDEN       LINDON BZ       12894010.61   -2805191.164
CONST A LIND-PRF     CALI4 BZ        12894010.61   -2805191.164
CONST A LIND-PRF     LINDPN BZ       12894010.61   -2805191.164
CONST LINDEN RCT     CALI9 BZ        12894010.61   -2805191.164
CONST LINDEN RCT     CALI10 BZ       12894010.61   -2805191.164
CONST LINDEN RT      CALI1 BZ        12894010.61   -2805191.164
CONST LINDEN RT      CALI2 BZ        12894010.61   -2805191.164
D H B                DHBI3 BZ        138254321.9   -115344518.7
D H B-PREF           DHBI4 BZ        138254321.9   -115344518.7
DHB IND E COM        DHBON BZ        138254321.9   -115344518.7
DHB IND E COM-PR     DHBPN BZ        138254321.9   -115344518.7
DOCA INVESTIMENT     DOCA3 BZ        262638432.2   -199076299.9
DOCA INVESTI-PFD     DOCA4 BZ        262638432.2   -199076299.9
DOCAS SA             DOCAON BZ       262638432.2   -199076299.9
DOCAS SA-PREF        DOCAPN BZ       262638432.2   -199076299.9
DOCAS SA-RTS PRF     DOCA2 BZ        262638432.2   -199076299.9
ENDESA COST-ADR      CRCNY US        369642685.3    -49030758.7
ENDESA COSTAN-       CECO2 AR        369642685.3    -49030758.7
ENDESA COSTAN-       CECOD AR        369642685.3    -49030758.7
ENDESA COSTAN-       CECOC AR        369642685.3    -49030758.7
ENDESA COSTAN-       EDCFF US        369642685.3    -49030758.7
ENDESA COSTAN-A      CECO1 AR        369642685.3    -49030758.7
ESTRELA SA           ESTR3 BZ        83538938.27   -102223933.2
ESTRELA SA           ESTRON BZ       83538938.27   -102223933.2
ESTRELA SA-PREF      ESTR4 BZ        83538938.27   -102223933.2
ESTRELA SA-PREF      ESTRPN BZ       83538938.27   -102223933.2
F GUIMARAES          FGUI3 BZ        11016542.14   -151840377.4
F GUIMARAES-PREF     FGUI4 BZ        11016542.14   -151840377.4
FABRICA RENAUX       FTRX3 BZ        70649865.99   -75488504.45
FABRICA RENAUX       FRNXON BZ       70649865.99   -75488504.45
FABRICA RENAUX-P     FTRX4 BZ        70649865.99   -75488504.45
FABRICA RENAUX-P     FRNXPN BZ       70649865.99   -75488504.45
FABRICA TECID-RT     FTRX1 BZ        70649865.99   -75488504.45
FER HAGA-PREF        HAGA4 BZ        20081896.26   -49045924.81
FERRAGENS HAGA       HAGAON BZ       20081896.26   -49045924.81
FERRAGENS HAGA-P     HAGAPN BZ       20081896.26   -49045924.81
FERREIRA GUIMARA     FGUION BZ       11016542.14   -151840377.4
FERREIRA GUIM-PR     FGUIPN BZ       11016542.14   -151840377.4
HAGA                 HAGA3 BZ        20081896.26   -49045924.81
HOTEIS OTHON SA      HOOT3 BZ        255452990.1   -73565093.67
HOTEIS OTHON SA      HOTHON BZ       255452990.1   -73565093.67
HOTEIS OTHON-PRF     HOOT4 BZ        255452990.1   -73565093.67
HOTEIS OTHON-PRF     HOTHPN BZ       255452990.1   -73565093.67
IGUACU CAFE          IGUA3 BZ        262778568.4   -57161259.46
IGUACU CAFE          IGCSON BZ       262778568.4   -57161259.46
IGUACU CAFE          IGUCF US        262778568.4   -57161259.46
IGUACU CAFE-PR A     IGUA5 BZ        262778568.4   -57161259.46
IGUACU CAFE-PR A     IGCSAN BZ       262778568.4   -57161259.46
IGUACU CAFE-PR A     IGUAF US        262778568.4   -57161259.46
IGUACU CAFE-PR B     IGUA6 BZ        262778568.4   -57161259.46
IGUACU CAFE-PR B     IGCSBN BZ       262778568.4   -57161259.46
IMPSAT FIBER NET     IMPTQ US          535007008      -17164978
IMPSAT FIBER NET     330902Q GR        535007008      -17164978
IMPSAT FIBER NET     XIMPT SM          535007008      -17164978
IMPSAT FIBER-$US     IMPTD AR          535007008      -17164978
IMPSAT FIBER-BLK     IMPTB AR          535007008      -17164978
IMPSAT FIBER-C/E     IMPTC AR          535007008      -17164978
IMPSAT FIBER-CED     IMPT AR           535007008      -17164978
LA POLAR SA          NUEVAPOL CI       623197996   -605184455.9
LA POLAR SA          LAPOLAR CI        623197996   -605184455.9
LA POLAR-RT          LAPOLARO CI       623197996   -605184455.9
LA POLAR-RT          LAPOLAOS CI       623197996   -605184455.9
LATTENO FOOD COR     LATF US            14423532       -3506007
LUPATECH SA          LUPA3 BZ        943240001.5   -5971578.447
LUPATECH SA          LUPAF US        943240001.5   -5971578.447
LUPATECH SA -RCT     LUPA9 BZ        943240001.5   -5971578.447
LUPATECH SA-ADR      LUPAY US        943240001.5   -5971578.447
LUPATECH SA-RT       LUPA11 BZ       943240001.5   -5971578.447
LUPATECH SA-RTS      LUPA1 BZ        943240001.5   -5971578.447
MINUPAR              MNPR3 BZ        153054387.9   -2037402.694
MINUPAR SA           MNPRON BZ       153054387.9   -2037402.694
MINUPAR SA-PREF      MNPRPN BZ       153054387.9   -2037402.694
MINUPAR-PREF         MNPR4 BZ        153054387.9   -2037402.694
MINUPAR-RCT          9314634Q BZ     153054387.9   -2037402.694
MINUPAR-RCT          0599564D BZ     153054387.9   -2037402.694
MINUPAR-RCT          MNPR9 BZ        153054387.9   -2037402.694
MINUPAR-RT           9314542Q BZ     153054387.9   -2037402.694
MINUPAR-RT           0599562D BZ     153054387.9   -2037402.694
MINUPAR-RTS          MNPR1 BZ        153054387.9   -2037402.694
NORDON MET           NORD3 BZ        12234778.35   -30283728.64
NORDON METAL         NORDON BZ       12234778.35   -30283728.64
NORDON MET-RTS       NORD1 BZ        12234778.35   -30283728.64
NOVA AMERICA SA      NOVA3 BZ           21287489   -183535527.2
NOVA AMERICA SA      NOVA3B BZ          21287489   -183535527.2
NOVA AMERICA SA      NOVAON BZ          21287489   -183535527.2
NOVA AMERICA SA      1NOVON BZ          21287489   -183535527.2
NOVA AMERICA-PRF     NOVA4 BZ           21287489   -183535527.2
NOVA AMERICA-PRF     NOVA4B BZ          21287489   -183535527.2
NOVA AMERICA-PRF     NOVAPN BZ          21287489   -183535527.2
NOVA AMERICA-PRF     1NOVPN BZ          21287489   -183535527.2
PARMALAT             LCSA3 BZ          388720096     -213641152
PARMALAT BRASIL      LCSAON BZ         388720096     -213641152
PARMALAT BRAS-PF     LCSAPN BZ         388720096     -213641152
PARMALAT BR-RT C     LCSA5 BZ          388720096     -213641152
PARMALAT BR-RT P     LCSA6 BZ          388720096     -213641152
PARMALAT-PREF        LCSA4 BZ          388720096     -213641152
PET MANG-RECEIPT     0229292Q BZ     246810936.7   -224879124.2
PET MANG-RECEIPT     0229296Q BZ     246810936.7   -224879124.2
PET MANG-RECEIPT     RPMG9 BZ        246810936.7   -224879124.2
PET MANG-RECEIPT     RPMG10 BZ       246810936.7   -224879124.2
PET MANG-RIGHTS      3678565Q BZ     246810936.7   -224879124.2
PET MANG-RIGHTS      3678569Q BZ     246810936.7   -224879124.2
PET MANG-RT          4115360Q BZ     246810936.7   -224879124.2
PET MANG-RT          4115364Q BZ     246810936.7   -224879124.2
PET MANG-RT          0229249Q BZ     246810936.7   -224879124.2
PET MANG-RT          0229268Q BZ     246810936.7   -224879124.2
PET MANG-RT          RPMG2 BZ        246810936.7   -224879124.2
PET MANG-RT          RPMG1 BZ        246810936.7   -224879124.2
PET MANGUINH-PRF     RPMG4 BZ        246810936.7   -224879124.2
PETRO MANGUINHOS     RPMG3 BZ        246810936.7   -224879124.2
PETRO MANGUINHOS     MANGON BZ       246810936.7   -224879124.2
PETRO MANGUIN-PF     MANGPN BZ       246810936.7   -224879124.2
PORTX OPERACOES      PRTX3 BZ        976769402.8   -9407990.345
PORTX OPERA-GDR      PXTPY US        976769402.8   -9407990.345
PUYEHUE              PUYEH CI        24251713.88   -3390038.992
PUYEHUE RIGHT        PUYEHUOS CI     24251713.88   -3390038.992
RECRUSUL             RCSL3 BZ        41094940.32   -21379158.76
RECRUSUL - RCT       4529789Q BZ     41094940.32   -21379158.76
RECRUSUL - RCT       4529793Q BZ     41094940.32   -21379158.76
RECRUSUL - RCT       0163582D BZ     41094940.32   -21379158.76
RECRUSUL - RCT       0163583D BZ     41094940.32   -21379158.76
RECRUSUL - RCT       0614675D BZ     41094940.32   -21379158.76
RECRUSUL - RCT       0614676D BZ     41094940.32   -21379158.76
RECRUSUL - RCT       RCSL10 BZ       41094940.32   -21379158.76
RECRUSUL - RT        4529781Q BZ     41094940.32   -21379158.76
RECRUSUL - RT        4529785Q BZ     41094940.32   -21379158.76
RECRUSUL - RT        0163579D BZ     41094940.32   -21379158.76
RECRUSUL - RT        0163580D BZ     41094940.32   -21379158.76
RECRUSUL - RT        0614673D BZ     41094940.32   -21379158.76
RECRUSUL - RT        0614674D BZ     41094940.32   -21379158.76
RECRUSUL SA          RESLON BZ       41094940.32   -21379158.76
RECRUSUL SA-PREF     RESLPN BZ       41094940.32   -21379158.76
RECRUSUL SA-RCT      RCSL9 BZ        41094940.32   -21379158.76
RECRUSUL SA-RTS      RCSL1 BZ        41094940.32   -21379158.76
RECRUSUL SA-RTS      RCSL2 BZ        41094940.32   -21379158.76
RECRUSUL-BON RT      RCSL11 BZ       41094940.32   -21379158.76
RECRUSUL-BON RT      RCSL12 BZ       41094940.32   -21379158.76
RECRUSUL-PREF        RCSL4 BZ        41094940.32   -21379158.76
REII INC             REIC US            14423532       -3506007
RENAUXVIEW SA        TXRX3 BZ          113010473   -78451102.12
RENAUXVIEW SA-PF     TXRX4 BZ          113010473   -78451102.12
RIMET                REEM3 BZ        103098360.9   -185417654.6
RIMET                REEMON BZ       103098360.9   -185417654.6
RIMET-PREF           REEM4 BZ        103098360.9   -185417654.6
RIMET-PREF           REEMPN BZ       103098360.9   -185417654.6
SANESALTO            SNST3 BZ         31802628.1   -2924062.868
SANSUY               SNSY3 BZ        183655396.8   -138233504.6
SANSUY SA            SNSYON BZ       183655396.8   -138233504.6
SANSUY SA-PREF A     SNSYAN BZ       183655396.8   -138233504.6
SANSUY SA-PREF B     SNSYBN BZ       183655396.8   -138233504.6
SANSUY-PREF A        SNSY5 BZ        183655396.8   -138233504.6
SANSUY-PREF B        SNSY6 BZ        183655396.8   -138233504.6
SAUIPE               PSEG3 BZ        18005034.37   -5223527.469
SAUIPE SA            PSEGON BZ       18005034.37   -5223527.469
SAUIPE SA-PREF       PSEGPN BZ       18005034.37   -5223527.469
SAUIPE-PREF          PSEG4 BZ        18005034.37   -5223527.469
SCHLOSSER            SCLO3 BZ        56671769.64   -52218991.26
SCHLOSSER SA         SCHON BZ        56671769.64   -52218991.26
SCHLOSSER SA-PRF     SCHPN BZ        56671769.64   -52218991.26
SCHLOSSER-PREF       SCLO4 BZ        56671769.64   -52218991.26
SNIAFA SA            SNIA AR         11229696.22   -2670544.877
SNIAFA SA-B          SDAGF US        11229696.22   -2670544.877
SNIAFA SA-B          SNIA5 AR        11229696.22   -2670544.877
STAROUP SA           STARON BZ       27663604.95   -7174512.028
STAROUP SA-PREF      STARPN BZ       27663604.95   -7174512.028
STEEL - RCT ORD      STLB9 BZ        21657457.41   -7184940.816
STEEL - RT           STLB1 BZ        21657457.41   -7184940.816
TEKA                 TKTQF US        363575480.9   -371579997.4
TEKA                 TEKA3 BZ        363575480.9   -371579997.4
TEKA                 TEKAON BZ       363575480.9   -371579997.4
TEKA-ADR             TEKAY US        363575480.9   -371579997.4
TEKA-ADR             TKTPY US        363575480.9   -371579997.4
TEKA-ADR             TKTQY US        363575480.9   -371579997.4
TEKA-PREF            TKTPF US        363575480.9   -371579997.4
TEKA-PREF            TEKA4 BZ        363575480.9   -371579997.4
TEKA-PREF            TEKAPN BZ       363575480.9   -371579997.4
TEKA-RCT             TEKA9 BZ        363575480.9   -371579997.4
TEKA-RCT             TEKA10 BZ       363575480.9   -371579997.4
TEKA-RTS             TEKA1 BZ        363575480.9   -371579997.4
TEKA-RTS             TEKA2 BZ        363575480.9   -371579997.4
TEXTEIS RENA-RCT     TXRX9 BZ          113010473   -78451102.12
TEXTEIS RENA-RCT     TXRX10 BZ         113010473   -78451102.12
TEXTEIS RENAU-RT     TXRX1 BZ          113010473   -78451102.12
TEXTEIS RENAU-RT     TXRX2 BZ          113010473   -78451102.12
TEXTEIS RENAUX       RENXON BZ         113010473   -78451102.12
TEXTEIS RENAUX       RENXPN BZ         113010473   -78451102.12
VARIG PART EM SE     VPSC3 BZ        83017828.56   -495721699.8
VARIG PART EM TR     VPTA3 BZ        49432124.18   -399290396.3
VARIG PART EM-PR     VPTA4 BZ        49432124.18   -399290396.3
VARIG PART EM-PR     VPSC4 BZ        83017828.56   -495721699.8
VARIG SA             VAGV3 BZ          966298048    -4695211008
VARIG SA             VARGON BZ         966298048    -4695211008
VARIG SA-PREF        VAGV4 BZ          966298048    -4695211008
VARIG SA-PREF        VARGPN BZ         966298048    -4695211008
WETZEL SA            MWET3 BZ        93591243.36   -7959637.409
WETZEL SA            MWELON BZ       93591243.36   -7959637.409
WETZEL SA-PREF       MWET4 BZ        93591243.36   -7959637.409
WETZEL SA-PREF       MWELPN BZ       93591243.36   -7959637.409


                            ***********


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., Washington, D.C.,
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 2013.  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$775 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 A. Chapman at 215-945-7000 or Nina Novak at
202-241-8200.


                   * * * End of Transmission * * *