/raid1/www/Hosts/bankrupt/TCRLA_Public/130219.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 19, 2013, Vol. 14, No. 35
Headlines
A N T I G U A & B A R B U D A
STANFORD INT'L: Accountants Face 20 Years in Prison
A R G E N T I N A
BUENOS AIRES CLOTHES: Applies for Reorganization Proceedings
CASA SARMIENTO: Applies for Reorganization Proceedings
COMERCIAL CATARATAS: Creditors' Proofs of Debt Due March 12
CTEC SRL: Files for Bankruptcy Proceedings
LATIGO SA: Creditors' Proofs of Debt Due April 4
MIREMAR SA: Calls for Opening of Bankruptcy Proceedings
NEUMATICOS DEL INTERIOR: Creditors' Proofs of Debt Due March 1
OPERADORES LOGISTICOS: Applies for Reorganization Proceedings
PALO SANTO: Creditors' Proofs of Debt Due March 11
POLIGRAFICA DEL PLATA: Creditors' Proofs of Debt Due April 11
SIPAN SA: Creditors' Proofs of Debt Due March 15
SUPET SA: Applies for Reorganization Proceedings
* ARGENTINA: NML Capital Wins Court Ok to Demand for Information
B R A Z I L
SANTOS BRASIL: To Face US$1.2MM Loss in Workers' Planned Walkout
C O L O M B I A
INTERBOLSA SA: May Delay Fabricato SA Stake Sale
M E X I C O
ARRENDADORA BX+: Moody's Assigns Ba3 CFR; Outlook is Stable
NATIONAL COMMERCIAL: S&P Puts 'B-/B' ICR on CreditWatch Negative
X X X X X X X X
* Large Companies With Insolvent Balance Sheets
- - - - -
===============================
A N T I G U A & B A R B U D A
===============================
STANFORD INT'L: Accountants Face 20 Years in Prison
---------------------------------------------------
Laurel Brubaker Calkins, writing for Bloomberg News, reported that
R. Allen Stanford's former chief accounting officer, Gilbert
Lopez, 70, and his former controller, Mark Kuhrt, 40, were
sentenced to 20 years in prison for helping to conceal Stanford's
$7 billion Ponzi scheme.
Bloomberg related that U.S. District Judge David Hittner imposed
the sentences on Feb. 14 in Houston. The men were convicted in
November of conspiring to hide the fraud.
The fraud was built on bogus certificates of deposit at Antigua-
based Stanford International Bank Ltd., prosecutors said,
according to Bloomberg. Messrs. Lopez and Kuhrt were the last two
Stanford executives to be criminally tried for their roles in the
scheme.
Bloomberg said the men were each found guilty of nine of 10 wire
fraud counts and one count of conspiracy to commit wire fraud.
They have been jailed in downtown Houston pending sentencing.
Bloomberg related that Mr. Lopez's lawyer, Jack Zimmermann, said
the verdict and sentence will be appealed arguing that the
government's recommendation of 25 years "overstates the gravity of
conduct of Gil Lopez."
In sentencing Messrs. Lopez and Kuhrt, the judge said he deviated
downward from the advisory federal guidelines sentence of, in
effect, life behind bars to avoid unwarranted disparities with
other executives and their "lesser culpability and gain from this
fraud" compared with others', according to Bloomberg. He
calculated the sentences for both men after determining they lied
during his trial testimony, as the government claimed, the judge
said. Besides the prison term, Mr. Lopez's punishment includes a
$25,000 fine.
The case is U.S. v Lopez, 4:09-cr-0342, U.S. District Court,
Southern District of Texas (Houston).
About Stanford International Bank
Domiciled in Antigua, Stanford International Bank Limited --
http://www.stanfordinternationalbank.com/-- is a member of
Stanford Private Wealth Management, a global financial services
network with US$51 billion in deposits and assets under
management or advisement. Stanford Private Wealth Management
serves more than 70,000 clients in 140 countries.
On Feb. 16, 2009, the United States District Court for the
Northern District of Texas, Dallas Division, signed an order
appointing Ralph Janvey as receiver for all the assets and
records of Stanford International Bank, Ltd., Stanford Group
Company, Stanford Capital Management, LLC, Robert Allen Stanford,
James M. Davis and Laura Pendergest-Holt and of all entities they
own or control. The February 16 order, as amended March 12,
2009, directs the Receiver to, among other things, take control
and possession of and to operate the Receivership Estate, and to
perform all acts necessary to conserve, hold, manage and preserve
the value of the Receivership Estate.
=================
A R G E N T I N A
=================
BUENOS AIRES CLOTHES: Applies for Reorganization Proceedings
------------------------------------------------------------
Buenos Aires Clothes Company SRL applied for reorganization
proceedings. The company defaulted payments last Dec. 28, 2012.
CASA SARMIENTO: Applies for Reorganization Proceedings
------------------------------------------------------
Casa Sarmiento SRL applied for reorganization proceedings. The
company defaulted payments last July 30, 2012.
COMERCIAL CATARATAS: Creditors' Proofs of Debt Due March 12
-----------------------------------------------------------
Claudio Walter Caracciolo, the court-appointed trustee for
Comercial Cataratas SRL's bankruptcy proceedings, will be
verifying creditors' proofs of claim until March 12, 2013.
Mr. Caracciolo 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:
Claudio Walter Caracciolo
Viamonte 1592
Argentina
CTEC SRL: Files for Bankruptcy Proceedings
------------------------------------------
CTEC SRL filed for bankruptcy. The company defaulted payments
last June 25, 2012.
LATIGO SA: Creditors' Proofs of Debt Due April 4
------------------------------------------------
Jorge Carlos Risso, the court-appointed trustee for Latigo SA's
reorganization proceedings, will be verifying creditors' proofs of
claim until April 4, 2013.
Mr. Risso will present the validated claims in court as individual
reports. The National Commercial Court of First Instance No. 15
in Buenos Aires, with the assistance of Clerk No. 29, 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:
Jorge Carlos Risso
Av. Cordoba 827
Argentina
MIREMAR SA: Calls for Opening of Bankruptcy Proceedings
-------------------------------------------------------
Miremar SA called for the opening of bankruptcy proceedings. The
company defaulted payments last Feb. 8, 2011.
NEUMATICOS DEL INTERIOR: Creditors' Proofs of Debt Due March 1
--------------------------------------------------------------
Moises Gorelik, the court-appointed trustee for Neumaticos del
Interior SA's bankruptcy proceedings, will be verifying creditors'
proofs of claim until March 1, 2013.
Mr. Gorelik 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. 27, 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:
Moises Gorelik
Lavalle 1675
Argentina
OPERADORES LOGISTICOS: Applies for Reorganization Proceedings
-------------------------------------------------------------
Operadores Logisticos Asociados SA applied for reorganization
proceedings. The company defaulted payments last Feb. 2012.
PALO SANTO: Creditors' Proofs of Debt Due March 11
--------------------------------------------------
Hector Horacio Garcia, the court-appointed trustee for Palo Santo
Trade Marks SA's bankruptcy proceedings, will be verifying
creditors' proofs of claim until March 11, 2013.
Mr. Garcia will present the validated claims in court as
individual reports. The National Commercial Court of First
Instance No. 26 in Buenos Aires, with the assistance of Clerk
No. 52, 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:
Hector Horacio Garcia
Uruguay 572
POLIGRAFICA DEL PLATA: Creditors' Proofs of Debt Due April 11
-------------------------------------------------------------
Estudio Conti y Sanchez, the court-appointed trustee for
Poligrafica del Plata SA's bankruptcy proceedings, will be
verifying creditors' proofs of claim until April 11, 2013.
The trustee will present the validated claims in court as
individual reports. The National Commercial Court of First
Instance No. 5 in Buenos Aires, with the assistance of Clerk
No. 9, 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 Feb. 5, 2014.
The Trustee can be reached at:
Estudio Conti y Sanchez
Av. Corrientes 1965
Argentina
SIPAN SA: Creditors' Proofs of Debt Due March 15
------------------------------------------------
Gonzalo Daniel Cueva, the court-appointed trustee for Sipan SA's
bankruptcy proceedings, will be verifying creditors' proofs of
claim until March 15, 2013.
Mr. Cueva will present the validated claims in court as individual
reports. The National Commercial Court of First Instance No. 20
in Buenos Aires, with the assistance of Clerk No. 39, 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:
Gonzalo Daniel Cueva
Joaquin V. Gonzalez 1429
Argentina
SUPET SA: Applies for Reorganization Proceedings
------------------------------------------------
Supet SA applied for reorganization proceedings.
* ARGENTINA: NML Capital Wins Court Ok to Demand for Information
----------------------------------------------------------------
Bob Van Voris at Bloomberg News reports that U.S. District Judge
Thomas Griesa said Elliott Management Corp.'s NML Capital may go
forward with a subpoena requiring Banco de la Nacion Argentina to
produce documents "relating to any assets or accounts maintained
at BNA by Argentina or for Argentina's benefit, any debts owed by
BNA to Argentina and transfers into or out of Argentina's
accounts."
This is part of NML's plan to gather information regarding
Argentina's assets worldwide, and attempt to seize assets to pay
what it's owed on defaulted Argentine bonds.
Judge Griesa overruled BNA's objection that complying with the
subpoena would violate Argentine law and the laws of Spain,
Brazil, Bolivia, Chile, Panama, Paraguay, the Cayman Islands and
Uruguay. Judge Griesa said he will schedule a hearing to
determine what additional steps need to be taken, according to
Bloomberg News.
Argentina defaulted on a record $95 billion in sovereign debt in
2001.
Bloomberg News notes that Judge Griesa is overseeing lawsuits
filed by investors in the U.S. seeking to collect on the defaulted
bonds.
The case is NML Capital 03-cv-8845, U.S. District Court, Southern
District of New York (Manhattan).
===========
B R A Z I L
===========
SANTOS BRASIL: To Face US$1.2MM Loss in Workers' Planned Walkout
----------------------------------------------------------------
Matthew Malinowski at Bloomberg News reports that Santos Brasil
Participacoes SA faces as much as BRL2 million (US$1.02 million)
in losses from a half-day strike against a government port set for
Feb. 22.
Workers at the Santos port will walk off the job for six hours,
according to Paulo Pereira da Silva, federal deputy and president
of the Forca Sindical labor federation, according to Bloomberg
News.
Bloomberg News notes that Chief Commercial Officer Mauro Salgado
said that Santos Brasil stands to lose as much as BRL4 million a
day from work stoppages.
Port union leaders in Brazil are protesting government plans to
cede control of as many as 95 terminals to private operators,
Bloomberg News discloses.
President Dilma Rousseff, Bloomberg News relays, has instructed
officials to resist union pressure and continue with plans, which
aim to attract BRL54.2 billion in private port investments and
help jump-start an economy that grew at the slowest pace among
major emerging markets last year.
Changing port ownership will lead to worker firings and worsening
labor conditions, labor union leaders said, Bloomberg News
discloses.
Santos Brasil Participacoes SA is shipping-container operator
based in Brazil.
===============
C O L O M B I A
===============
INTERBOLSA SA: May Delay Fabricato SA Stake Sale
------------------------------------------------
Bloomberg News reports that Pablo Munoz, the official overseeing
the liquidation of Interbolsa SA, said that the company may delay
selling its stake in textile maker Fabricato SA until several
months after a trading suspension is lifted.
Mr. Munoz said that the firm might be able to get a better price
for its Fabricato shares by waiting until the market stabilizes
following a flurry of transactions when trading resumes, according
to Bloomberg News.
Bloomberg News recalls that Colombia is unwinding Interbolsa SA
after the collapse last year of its brokerage. Bloomberg News
says trading in Fabricato shares has been suspended since
November, when they plunged 21 percent in a day.
Colombian officials extended the suspension and determined the
stock would be barred from trading until Fabricato completed an
independent valuation, Bloomberg News says.
Meanwhile, Mr. Munoz said the country has decided to hire a
foreign forensic auditing firm to help determine the size of its
Interbolsa stake, according to Bloomberg News. Mr. Munoz said the
biggest 10 investors in Fabricato hold a combined stake of more
than 40%.
"In this liquidation process I have to ask them to either pay off
their debt, or else see how many of the shares I can get,"
Bloomberg News quoted Mr. Munoz as saying.
As reported in the Troubled Company Reporter-Latin America on
Nov. 8, 2012, Bancolombia SA will assume control of local peso
bonds managed by Interbolsa SA to prevent trading disruptions
after regulators seized control of its brokerage. Bloomberg News
said that Chief Financial Regulator Gerardo Hernandez said that
government bonds managed by Interbolsa are worth COP1.6 trillion
(US$881 million). Colombian brokerages will be able to tap into
an existing COP20 billion fund, known as Fogacol, Mr. Hernandez
said, Bloomberg News relayed. Financial regulators stepped in
after Interbolsa said that it couldn't make a payment on a 20
billion peso loan, saying it faced a "temporary" funding shortage,
Bloomberg News recalled.
Interbolsa SA is a financial firm in Colombia.
===========
M E X I C O
===========
ARRENDADORA BX+: Moody's Assigns Ba3 CFR; Outlook is Stable
-----------------------------------------------------------
Moody's de Mexico assigned a long term local currency corporate
family rating of Ba3 to Arrendadora Ve por Mas, S.A. de C.V.
(Arrendadora BX+). The rating was assigned with a stable outlook.
At the same time, Moody's affirmed all other existing ratings
including global local currency issuer ratings of Ba3/Not-Prime
and Mexican National Scale issuer ratings of A3.mx/MX-2. All
ratings have a stable outlook.
The following rating was assigned, with a stable outlook:
- Long term local currency corporate family rating of Ba3
The following ratings were affirmed with stable outlook:
- Long term local currency issuer rating of Ba3
- Short term local currency issuer rating of Not-Prime
- Long term Mexican National Scale issuer rating of A3.mx
- Short term Mexican National Scale issuer rating of MX-2
Ratings Rationale
Moody's assigned a Ba3 CFR to Arrendadora BX+, which is at the
same level as its unsupported credit profile and long term global
local currency issuer rating. CFRs represent the rating agency's
opinion of the consolidated credit risk of a speculative grade
company, equivalent to the weighted average of all debt classes
within the company's capital structure, considering the
proportionality, seniority and level of asset protection
associated with various debt classes, both nominally and in
relation to each other. The Ba3 CFR reflects the predominance of
senior unsecured obligations in the entity's current debt
structure and therefore its CFR and issuer rating are at the same
rating level.
Arrendadora BX+ has no outstanding debt obligations at this time
other than secured and unsecured bank credit lines. If and when
the company issues debt obligations, Moody's said it will reassess
the seniority and level of asset protection of the company's
capital structure in order to rate each individual debt class.
Arrendadora BX+'s Ba3 CFR takes into account the enhancement of
the leasing company's business potential with the acquisition of
ING Arrendadora, S.A., in early 2012. The acquisition brought with
it a broader client base and diversified product offering as well
as adding greater geographic diversification to Arrendadora BX+'s
existing operations. The ratings also take into account
Arrendadora BX+'s good performance and adequate capacity to
service its obligations. The rating is nevertheless constrained by
Arrendadora BX+'s modest franchise value, its small -- yet
improving -- earnings generation capacity and modest risk
positioning as a result of high credit concentrations in key
business relationships, as well as its limited standalone funding
capability.
Arrendadora BX+ is headquartered in Mexico City; Mexico, and
reported total assets of MXP2.2 billion as of September 2012.
The period of time covered in the financial information used to
determine Arrendadora BX+'s rating is between December 31, 2008
and September 30, 2012
NATIONAL COMMERCIAL: S&P Puts 'B-/B' ICR on CreditWatch Negative
----------------------------------------------------------------
Standard & Poor's Ratings Services placed its 'B-/B' issuer credit
ratings on National Commercial Bank Jamaica Ltd. (NCBJ) on
CreditWatch with negative implications. The CreditWatch placement
follows S&P's downgrade of Jamaica to 'SD' from 'B-/B' due to its
domestic debt exchange program, which S&P believes could weaken
NCBJ's financial profile.
S&P placed NCBJ on CreditWatch as it believes the downgrade on
Jamaica to 'SD' due to its recently announced domestic debt-
exchange program will lead to a downgrade on NCBJ once the program
is concluded. NCBJ has significant exposure to Jamaican
sovereign-debt securities and loans to public entities (62% of its
total investment and loan portfolio); consequently, its ratings
are capped by the ratings on the sovereign.
"The debt-exchange offer indicates that investors will receive
less return than promised on the original securities based on a
lower interest rate and a maturity extension," said Standard &
Poor's credit analyst Vitor Garcia. As a result, the bank's
income could potentially decrease. S&P will also be monitoring
the Jamaican economy and how this affects credit fundamentals such
as asset quality.
"We expect to resolve the CreditWatch listing and reassess the
bank's stand-alone credit profile once the sovereign's debt-
exchange is completed. We will likely lower the ratings on the
bank to reflect the new sovereign rating, which we anticipate
could be 'CCC.' We will also assess the debt-exchange's impact on
our Banking Industry Country Risk Assessment on Jamaica, which
could lead to a lower anchor," S&P noted.
===============
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, Julie Anne L. Toledo, 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 * * *