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

           Monday, June 24, 2013, Vol. 14, No. 123


                            Headlines



A R G E N T I N A

CASA SIMON: Files for Reorganization Proceedings
COMETAL ESTRUCTURAS: Creditors' Proofs of Debt Due Aug. 13
CUMBREX SRL: Files for Reorganization Proceedings
DULCE-MENTE SA: Files for Bankruptcy Proceedings
PURISSIMUS SA: Files for Reorganization Proceedings


B R A Z I L

BANCO BMG: Moody's Changes Outlook to Stable; Affirms All Ratings
CIMENTO TUPI: S&P Revises Outlook & Affirms 'B' Rating


C A Y M A N  I S L A N D S

BLACKSTONE GSC P: Commences Liquidation Proceedings
BLUE FIN: Creditors' Proofs of Debt Due July 8
BURLINGTON VENTURES: Creditors' Proofs of Debt Due July 9
CALIFORNIA LIVERY: Placed Under Voluntary Wind-Up
CLAREVILLE VENTURES: Creditors' Proofs of Debt Due July 9

GLOBECAT LIMITED: Creditors' Proofs of Debt Due July 8
HADAR FUND: Creditors' Proofs of Debt Due July 22
MIDORI LIMITED: Creditors' Proofs of Debt Due July 8
NRA LIMITED: Creditors' Proofs of Debt Due July 31
YC INVESTMENT: Creditors' Proofs of Debt Due July 18


C H I L E

INVERSIONES CORPGROUP: Moody's Withdraws Ba3 Issuer Ratings


J A M A I C A

DIGICEL GROUP: Records 8% Revenue Growth, Subscribers Up 1%


M E X I C O

USINA CAETE: S&P Assigns 'BB-' Rating to $32.5MM Sr. Facility


T R I N I D A D  &  T O B A G O

CARIBBEAN AIRLINES: Jamaica Gives Airlines One-Month Deadline


X X X X X X X X

* BOND PRICING: For the Week From June 17 to 21, 2013


                            - - - - -


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


CASA SIMON: Files for Reorganization Proceedings
------------------------------------------------
Casa Simon Freundlich SRL has requested for reorganization
approval after failing to pay its liabilities since last March 27.

The reorganization petition, once approved by the court, will
allow the company to negotiate a settlement with its creditors in
order to avoid a straight liquidation.

The case is pending in the National Commercial Court of First
Instance 20 in Buenos Aires.  Clerk No. 40 assists the court in
this case.


COMETAL ESTRUCTURAS: Creditors' Proofs of Debt Due Aug. 13
----------------------------------------------------------
Lidia Susana Grinblat, the court-appointed trustee for Cometal
Estructuras SA's bankruptcy proceedings, will be verifying
creditors' proofs of claim until Aug. 13, 2013.

Ms. Grinblat will present the validated claims in court as
individual reports.  The National Commercial Court of First
Instance No. 17 in Buenos Aires, with the assistance of Clerk
No. 34, 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.

Inadmissible claims may be subject to appeal in a separate
proceeding known as an appeal for reversal.

A general report that contains an audit of the company's
accounting and banking records will be submitted in court.

La Nacion didn't state the submission dates for the reports.

Ms. Grinblat is also in charge of administering the company's
assets under court supervision and will take part in their
disposal to the extent established by law.

The trustee can be reached at:

          Lidia Susana Grinblat
          Charlone 155
          Buenos, Aires, Argentina


CUMBREX SRL: Files for Reorganization Proceedings
-------------------------------------------------
Cumbrex SRL has requested for reorganization approval after
failing to pay its liabilities since Dec. 14, 2011.

The reorganization petition, once approved by the court, will
allow the company to negotiate a settlement with its creditors in
order to avoid a straight liquidation.

The case is pending in the National Commercial Court of First
Instance 25 in Buenos Aires.  Clerk No. 25 assists the court in
this case.


DULCE-MENTE SA: Files for Bankruptcy Proceedings
------------------------------------------------
Dulce-Mente SA has requested for bankruptcy approval after failing
to pay its liabilities since April 18, 2011.

The reorganization petition, once approved by the court, will
allow the company to negotiate a settlement with its creditors in
order to avoid a straight liquidation.

The case is pending in the National Commercial Court of First
Instance 12 in Buenos Aires.  Clerk No. 23 assists the court in
this case.


PURISSIMUS SA: Files for Reorganization Proceedings
---------------------------------------------------
Purissimus SA has requested for reorganization approval after
failing to pay its liabilities since Nov. 2, 2012.

The reorganization petition, once approved by the court, will
allow the company to negotiate a settlement with its creditors in
order to avoid a straight liquidation.

The case is pending in the National Commercial Court of First
Instance 10 in Buenos Aires.  Clerk No. 20 assists the court in
this case.


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


BANCO BMG: Moody's Changes Outlook to Stable; Affirms All Ratings
-----------------------------------------------------------------
Moody's Investors Service affirmed all ratings assigned to Banco
BMG S.A. At the same time, Moody's has changed the outlook on the
bank's long-term global local and foreign currency deposit and
foreign currency debt ratings to stable from negative, as well as
on the long-term Brazilian national scale deposit rating.

The foreign currency senior unsecured debt rating assigned to the
outstanding November 2016 Tier 2 notes issued by Banco de Credito
e Varejo S.A. (BMG's wholly-owned subsidiary) was also affirmed
and had the outlook changed to stable from negative.

In addition, BMG's E+ BFSR, which maps b1 baseline credit
assessment, was affirmed and the outlook remained stable. All
short-term ratings remained unchanged.

The following ratings assigned to Banco BMG were affirmed and the
outlook changed to stable, from negative:

Long-term global local currency deposit rating: B1

Long-term foreign currency deposit rating: B1

Long-term foreign currency senior unsecured debt rating: B1

Long-term Foreign currency senior unsecured debt rating assigned
to GMTN program: (P)B1

Foreign currency subordinated debt rating: B2

Long-term Brazilian national scale deposit rating: Baa3.br

The following ratings assigned to Banco BMG remained unchanged:

Short-term global local currency deposit rating: Not Prime

Short-term foreign currency deposit rating: Not Prime

Short-term Brazilian national scale deposit rating: BR-3

The following rating assigned to Banco de Credito e Varejo S.A.
was affirmed and the outlook changed to stable, from negative:
Foreign currency subordinated debt rating: B2

Ratings Rationale:

In changing the outlook on BMG's ratings to stable, Moody's
acknowledges the favorable trend in the bank's credit profile, as
indicated by 1Q13 earnings, which though modest, are recurrent and
reflect improving funding conditions and increased loan
origination with consistent enhancement of the bank's interest-
earning assets. The stable outlook also incorporates Moody's
expectation that BMG's future earnings generation will benefit
from lower operating costs and growing business volumes as it
leverages its partnership with Itau Unibanco, via the payroll-
lending joint venture both banks entered into in 2012. BMG holds
30% of that JV and therefore, will have access to earnings from
that operation as well.

The affirmation of BMG's ratings at B1 incorporates its modest
capital levels, which have been hurt by significant losses
incurred in 2012 as it adapted to the earnings accrual method for
revenue recognition of its sales of payroll loans. Moreover,
pressures on financial margins due to competition and funding
costs still weight on the bank's core profitability, and limits
its internal capital generation through earnings, which in turn,
constrain business growth.

Consistent improvement in funding conditions, including
diversification of sources and access to longer term alternatives,
and the maintenance of adequate operating costs could have
positive implication for profitability, together with BMG's
ability to generate and retain a growing share of loans in its
balance sheet . This dynamic would lead to sustainable capital
replenishment to support BMG's position in its core markets.

Negative rating pressures would result from a failure in the
implementation of the bank's new strategy and an erosion in BMG's
market shares in its core segment. A disruption in its liquidity
and funding conditions limiting the development of the franchise
would also result in downward rating pressure. The worsening of
asset quality indicators as the bank increases operations to other
consumer products and SME loans may pressure profitability.

The local currency deposit rating is B1, directly maps from the
bank's standalone credit assessment in the global long-term scale.
Moody's assesses no systemic support to the deposit rating, given
the light footprint of the bank in the deposit market, and as per
Moody's assessment that Brazil is a low-support country. Moody's
also assign the bank a long-term deposit rating on the national
scale for Brazil of Baa3.br.

The last rating action on Banco BMG occurred on December 14, 2012,
when Moody's downgraded Banco BMG's ratings and the deposit and
debt ratings on negative outlook.

Banco BMG S.A. is headquartered in Belo Horizonte, Brazil and had
consolidated assets of R$28.08 billion ($13.96 billion) and equity
of R$3.23 billion ($1.61 billion) as of March 31, 2013.

The principal methodology used in this rating was Moody's Global
Banks methodology published on May 31, 2013.

Moody's National Scale Ratings (NSRs) are intended as relative
measures of creditworthiness among debt issues and issuers within
a country, enabling market participants to better differentiate
relative risks. NSRs differ from Moody's global scale ratings in
that they are not globally comparable with the full universe of
Moody's rated entities, but only with NSRs for other rated debt
issues and issuers within the same country. NSRs are designated by
a ".nn" country modifier signifying the relevant country, as in
".mx" for Mexico.


CIMENTO TUPI: S&P Revises Outlook & Affirms 'B' Rating
------------------------------------------------------
Standard & Poor's Ratings Services revised its outlook on Cimento
Tupi S.A. ratings.  At the same time, S&P affirmed its 'B' global
scale and 'brBBB-' national scale ratings on the company.

The outlook revision reflects S&P's opinion that an upgrade is
possible if the company strengthens its cash-flow generation,
gradually reduces debt, and maintains "adequate" liquidity.  In
S&P's base-case scenario, it assumes Tupi will improve its
operating performance in the next two years, with the successful
commercialization of the new capacity, resulting in stronger
credit metrics.  S&P also believes the company has improved
liquidity as it concluded the capex for the plant and future
maintenance requirements will be small, and it does not face
significant maturities until 2018 following the recent refinancing
of short-term debt.  The ratings on Tupi continue to reflect its
"aggressive" financial profile, with relatively high debt stemming
from its expansion strategy, and "vulnerable" business risk
profile.


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


BLACKSTONE GSC P: Commences Liquidation Proceedings
---------------------------------------------------
On June 4, 2013, the sole shareholder of Blackstone GSC P Offshore
Fund, Ltd passed a resolution to voluntarily liquidate the
company's business.

The company's liquidator is:

          Sean Flynn
          c/o John O'Driscoll
          Walkers
          190 Elgin Avenue, George Town
          Grand Cayman KY1-9001
          Cayman Islands
          Telephone: +1 (345) 914 4229


BLUE FIN: Creditors' Proofs of Debt Due July 8
----------------------------------------------
The creditors of Blue Fin Limited are required to file their
proofs of debt by July 8, 2013, to be included in the company's
dividend distribution.

The company commenced wind-up proceedings on June 6, 2013.

The company's liquidators are:

          Samit Ghosh
          Simon Owiti
          P.O. Box 1109 Grand Cayman KY1-1102
          Cayman Islands
          c/o Adam Fox
          Telephone: 949 7755
          Facsimile: 949 7634


BURLINGTON VENTURES: Creditors' Proofs of Debt Due July 9
---------------------------------------------------------
The creditors of Burlington Ventures, Ltd. are required to file
their proofs of debt by July 9, 2013, to be included in the
company's dividend distribution.

The company commenced wind-up proceedings on May 17, 2013.

The company's liquidator is:

          Ogier
          c/o Michael Lubin
          Telephone: (345) 815 1793
          Facsimile: (345) 949 9877
          89 Nexus Way, Camana Bay
          Grand Cayman KY1-9007
          Cayman Islands


CALIFORNIA LIVERY: Placed Under Voluntary Wind-Up
----------------------------- -------------------
On June 6, 2013, the shareholders of California Livery Insurance
Company, Ltd. passed a resolution that voluntarily winds up the
company's operations.

The company's liquidator is:

          Larry E. Slagle
          c/o Willis Management (Cayman) Ltd.
          Governors Square
          62 Forum Lane, 3rd Floor, Camana Bay
          P.O. Box 30600 Grand Cayman KY1-1203
          Cayman Islands
          Telephone: (345) 949 6039
          Facsimile: (345) 949 6621


CLAREVILLE VENTURES: Creditors' Proofs of Debt Due July 9
---------------------------------------------------------
The creditors of Clareville Ventures, Ltd. are required to file
their proofs of debt by July 9, 2013, to be included in the
company's dividend distribution.

The company commenced wind-up proceedings on May 17, 2013.

The company's liquidator is:

          Ogier
          c/o Michael Lubin
          Telephone: (345) 815 1793
          Facsimile: (345) 949 9877
          89 Nexus Way, Camana Bay
          Grand Cayman KY1-9007
          Cayman Islands


GLOBECAT LIMITED: Creditors' Proofs of Debt Due July 8
------------------------------------------------------
The creditors of Globecat Limited are required to file their
proofs of debt by July 8, 2013, to be included in the company's
dividend distribution.

The company commenced wind-up proceedings on June 6, 2013.

The company's liquidators are:

          Samit Ghosh
          Simon Owiti
          P.O. Box 1109 Grand Cayman KY1-1102
          Cayman Islands
          c/o Adam Fox
          Telephone: 949 7755
          Facsimile: 949 7634


HADAR FUND: Creditors' Proofs of Debt Due July 22
-------------------------------------------------
The creditors of Hadar Fund Ltd. are required to file their proofs
of debt by July 22, 2013, to be included in the company's dividend
distribution.

The company commenced liquidation proceedings on May 31, 2013.

The company's liquidator is:

          Ian D. Stokoe
          c/o Sarah Moxam
          Telephone: (345) 914 8634
          Facsimile: (345) 945 4237
          PO Box 258 Grand Cayman KY1-1104
          Cayman Islands


MIDORI LIMITED: Creditors' Proofs of Debt Due July 8
----------------------------------------------------
The creditors of Midori Limited are required to file their proofs
of debt by July 8, 2013, to be included in the company's dividend
distribution.

The company commenced wind-up proceedings on June 6, 2013.

The company's liquidators are:

          Samit Ghosh
          Simon Owiti
          P.O. Box 1109 Grand Cayman KY1-1102
          Cayman Islands
          c/o Adam Fox
          Telephone: 949 7755
          Facsimile: 949 7634


NRA LIMITED: Creditors' Proofs of Debt Due July 31
--------------------------------------------------
The creditors of NRA Limited are required to file their proofs of
debt by July 31, 2013, to be included in the company's dividend
distribution.

The company commenced liquidation proceedings on May 31, 2013.

The company's liquidator is:

          Anthony Nambiar
          c/o Patricia Tricarico
          Telephone: (345) 949 5122
          Facsimile: (345) 949 7920
          P.O. Box 1111 Grand Cayman KY1-1102
          Cayman Islands


YC INVESTMENT: Creditors' Proofs of Debt Due July 18
----------------------------------------------------
The creditors of YC Investment Management Ltd. are required to
file their proofs of debt by July 18, 2013, to be included in the
company's dividend distribution.

The company commenced liquidation proceedings on June 3, 2013.

The company's liquidator is:

          Tseng Li-Yun
          c/o Michelle R. Bodden-Moxam
          Portcullis TrustNet (Cayman) Ltd.,
          The Grand Pavilion Commercial Centre
          Oleander Way, 802 West Bay Road
          P.O. Box 32052 Grand Cayman KY1-1208
          Cayman Islands


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C H I L E
=========


INVERSIONES CORPGROUP: Moody's Withdraws Ba3 Issuer Ratings
-----------------------------------------------------------
Moody's Investors Service has withdrawn the Ba3 local and foreign
currency issuer and Ba3 foreign currency senior debt ratings of
Inversiones CorpGroup Interhold Limitada. Before the withdrawals,
the ratings had a negative outlook.

Ratings Rationale:

Moody's has withdrawn the company's senior debt rating as the
company has prepaid its Reg S notes and hence they are no longer
outstanding. Moody's has also withdrawn the issuer ratings for its
own business reasons.

The last rating action on Inversiones CorpGroup Interhold occurred
on October 11, 2012, when Moody's changed the outlook on the
company's Ba3 ratings to negative from stable following the same
action on the baa3 standalone rating of CorpBanca. Interhold's
ratings were anchored on those of the bank.

Established in 1996 and incorporated in Chile, Inversiones Corp
Group Interhold reported unconsolidated assets of $ 2.5 billion
and equity of $ 1.7 billion as of December 31, 2012.

The following ratings assigned to Inversiones CorpGroup Interhold
Limitada were withdrawn:

Local Currency Issuer Rating: Ba3, negative outlook

Foreign Currency Issuer Rating: Ba3, negative outlook

Foreign Currency Senior Debt Rating: Ba3, negative outlook


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


DIGICEL GROUP: Records 8% Revenue Growth, Subscribers Up 1%
-----------------------------------------------------------
Jamaica Observer reports that Digicel Group grew revenues by eight
per cent to US$2.78 billion for the year ending 31 March 2013.

The company reported EBITDA (earnings before interest, tax,
depreciation and amortization) of US$1.2 billion, up 11 per cent
year on year, with the most recent quarter contributing US$318
million, according to Jamaica Observer.

The report relates that with subscribers up one per cent to 12.9
million across the 30 markets worldwide, performance has been
strong with revenue growth driven in particular by Haiti, Papua
New Guinea, Trinidad & Tobago and Suriname, the company said.

Digicel Group, the report notes, added that, as it continues to
roll out 4G networks based on HSPA+ technology and to expand the
range of smartphones it offers, data and value-added services
revenues stood at 23 per cent of service revenues -- up from 20
per cent for the prior year quarter.

The report notes that ICT/Business Solutions revenues increased by
94% for the year and now represent three per cent of services
revenues.

Digicel Group, with regional headquarters in Jamaica, entered the
Panama market in 2008.

                       *     *     *

As reported in the Troubled Company Reporter on Sept. 7, 2012,
Moody's Investors Service 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.


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


USINA CAETE: S&P Assigns 'BB-' Rating to $32.5MM Sr. Facility
-------------------------------------------------------------
Standard & Poor's Ratings Services assigned its 'BB-' global scale
and its 'brA-' national scale rating to Usina Caete S.A. (Caete).
At the same time, S&P assigned its 'BB-' global scale ratings to
its proposed $32.5 million senior secured export prepayment credit
facility and its and 'brA-' national scale ratings to its
R$185 million senior secured debentures.  The outlook is stable.

The ratings on Caete reflect the company's small scale compared to
its Brazilian peers, the low percentage of mechanized harvesting
processes it has in place in its three mills located in the state
of Alagoas, the still relatively low but improving utilization
capacity of its newest unit located in Sao Paulo (Pauliceia), and
its exposure to intrinsic risks in the agricultural sector, such
as weather conditions, the volatile nature of commodity prices,
and the recurrent need for investments in crop renewal to maintain
productivity.  "The company's leading position in the crystal
branded sugar industry in Brazil's Northeast, its geographic
location which is favorably positioned to export sugar to the
European market given its proximity to ports, the close location
of plantations to mills, its adequate liquidity and moderate
financial policy somewhat mitigate the negatives," said Standard &
Poor's credit analyst Laura Martinez.  S&P assess Caete's business
risk profile as "weak" and its financial risk profile as
"significant."

In 2012, Caete's revenues declined 11% compared to the previous
year given lower sugar prices and the company's decision to
postpone part of its sales to take advantage of the increasing
price trend observed at the end of 2012.  Also, weather conditions
in the Northeast of Brazil weakened Caete's plantation
productivity levels in the second half of 2012, and as a result,
the company had to purchase sugarcane from third parties, facing
non-recurring costs which led to lower profitability metrics.
Caete reported an EBITDA margin of 27.8% in 2012, compared to 29%
in 2011.


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


CARIBBEAN AIRLINES: Jamaica Gives Airlines One-Month Deadline
-------------------------------------------------------------
Trinidad Express reports that Jamaica has given the new board of
Trinidad-based Caribbean Airlines Limited a month to indicate how
it intends to use the Air Jamaica Limited brand in the future.

Jamaica Transport Minister Dr. Omar Davies met with a high-level
delegation from Trinidad and Tobago that included Trade Minister
Vasant Bharath and CAL board members to discuss the airline's
Jamaican operations and its arrears to local entities, including
the Customs Department and the Airports Authority of Jamaica,
according to Trinidad Express.

The report relates that the meeting also discussed the status of
the Air Jamaica brand amid reports that the Portia Simpson-Miller
administration had threatened to withdraw the Air Jamaica brand
from CAL, in the wake of a recent decision to cut back on the
number of flights to Jamaica.

"We discussed the reduction in the number of flights between North
America and Jamaica and the way forward," Mr. Davies said, adding,
"related to that was the continuing use of the Air Jamaica brand
name," the report relays.

The report notes that Mr. Davies said the new CAL board, which
came into office last month, had been "given a month to come back
to us with a specific development, in terms of the way forward".

The report discloses that with regard to CAL's debt to Jamaican
entities, it was agreed that the airline will in the future remain
within agreed credit limits, and Davies said that during the high-
level meeting, complaints regarding the hiring of Jamaican
employees by Caribbean Airlines were placed before the T&T
officials.

In April, the report recalls, Mr. Davies said he was concerned
about what he cited as the "discriminatory hiring practices" of
CAL after 15 flight attendants' positions were cut at the
airline's Jamaican operations and some Jamaican pilots, based in
Trinidad, were sent home in March.

Caribbean Airlines Limited -- http://www.caribbean-airlines.com/
-- provides passenger airline services.  It also specializes in
the shipment of fresh cut flowers and packaged meats, hatching
eggs, chocolates, fruits and vegetables, frozen and chilled fish,
vaccines, newspapers, and magazines within the Caribbean, as well
as to North America and Europe.

In 2010, Port of Spain and Kingston agreed to a deal that allowed
the Jamaica government to own 16% of CAL as part of the conditions
for CAL taking over the lucrative routes of Air Jamaica.  The deal
also allows for Trinidad and Tobago agreeing to a US$300 million
transition plan for CAL to acquire and operate six Air Jamaica
aircraft and eight of its routes.

                         *     *     *

As reported in the Troubled Company Reporter on March 21, 2012,
RJR News said that Caribbean Airlines Limited owes nearly
US$30 million to Trinidad and Tobago's fuel provider National
Petroleum.  Trinidad Express said CAL enjoys a seven-day credit
facility for aviation fuel from the company, according to RJR
News.  However, the report said the airline has not been
able to pay the full amount when invoiced and instead has been
issuing partial payments to sustain the account.  RJR News noted
that Trinidad Express reported that the arrears were built up
as no payments have been made despite an attractive fuel subsidy
which the airline has enjoyed since it began operations in
January.


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


* BOND PRICING: For the Week From June 17 to 21, 2013
-----------------------------------------------------

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

ARGENTINA
---------

Argentine International Bond   7.82   12/31/2033    EUR      58.15
Argentine International Bond   7.82   12/31/2033    EUR      57.65
Venezuela International Bond   7       3/31/2038    USD      71.25
Cia Energetica de Sao Paulo    9.75    1/15/2015    BRL      72.5
Petroleos de Venezuela SA      5.5     4/12/2037    USD      60.5
Gol Finance                    8.75                 USD      76.5
Argentine International Bond   8.28   12/31/2033    USD      56
Renhe Commercial Holdings
Co Ltd                         11.75   5/18/2015    USD      66
Renhe Commercial Holdings
Co Ltd                         13      3/10/2016    USD      60
Provincia de Buenos
Aires/Argentina                10.87   1/26/2021    USD      69.92
EDENOR                          9.75   10/25/2022   USD      52
Banco Bonsucesso SA             9.25   11/3/2020    USD      73
Emerald Plantation
Holdings Ltd                    6       1/30/2020   USD      67.5
Bank Austria Creditanstalt
Finance Cayman Ltd              1.61                EUR      49.88
Capex SA                       10       3/10/2018   USD      74
China Forestry Holdings
Co Ltd                         10.25   11/17/2015   USD      42
CLISA                           9.5    12/15/2016   USD      61.5
Provincia de Buenos
Aires/Argentina                 9.37    9/14/2018   USD      68.33
Banco Macro SA                  9.75   12/18/2036   USD      72.7
BES Finance Ltd                 5.58                         69.67
Bank Austria Creditanstalt
Finance Cayman Ltd 2            1.83                EUR      48
Provincia de Buenos
Aires/Argentina                 9.62    4/18/2028   USD      63.28
Argentine International Bond    8.28   12/31/2033   USD      62.13
Sifco SA                       11.5     6/6/2016    USD      57.68
Transer S.                      8.87   12/15/2016   USD      52.5
Renhe Commercial
Holdings Co Ltd                13       3/10/2016   USD      61.13

JinkoSolar Holding
Co Ltd                          4       5/15/2016   USD      58.62
ESFG International Ltd          5.753               EUR      57.48
Provincia de Mendoza
Argentina                       5.5     9/4/2018    USD      74.28
BCP Finance Co Ltd              4.2                 EUR      45.17
Transer S.A                     9.75   8/15/2021    USD      48
Argentine International
Bond                            8.28  12/31/2033    USD      58.13
BCP Finance Co Ltd              5.54                EUR      45
Edenor                         10.5    10/9/2017    USD      51.25
Argentine International
Bond                            1.18   12/31/2038   ARS      45.72
BES Finance Ltd                 3.03                EUR      74.25
MetroGas SA                     8.87   12/31/2018   USD      68.63
Argentina Bocon                        23/15/2014   ARS      38.45
Edenor                          9.75   10/25/2022   USD      49.13
Argentine International
Bond                            7.82   12/31/2033   EUR      45
Transer S.A                     9.75    8/15/2021   USD      46
Banco Finantia
International Ltd               2.45    7/26/2017   EUR      44.05
BES Finance Ltd                 4.5                 EUR      61.5
Punch Taverns Finance
B Ltd                           6.9     6/30/2028   GBP      62.13
Argentine International Bond    4.3    12/31/2033   JPY      36
Bolivarian Republic
of Venezuela                    7       3/31/2038   USD      69.19
Provincia de Buenos
Aires/Argentina                10.8     1/26/2021   USD      70.25
Argentine International Bond    4.3    12/31/2033   JPY      36.5
China Forestry Holdings
Co Ltd                         10.25   11/17/2015   USD      42
Argentine International Bond    8.28   12/31/2033   USD      58.13
Renhe Commercial
Holdings Co Ltd                11.75    5/18/2015   USD      66.38
Puerto Rico Conservation        6.5     4/1/2016    USD      67.61
Capex SA                       10       3/10/2018   USD      71.75
Argentine International
Bond                            9      11/29/2018   USD      74
City of Buenos
Aires Argentina                 3.98    3/15/2018   USD      68.75
Caixa Geral De
Depositos Finance               1.01                EUR      35.45
Banco Macro SA                  9.75   12/18/2036   USD      71
Gol Finance                     8.75                USD      73.13
Provincia de Buenos
Aires/Argentina                 9.37    9/14/2018   USD      68.5
ERB Hellas Cayman
Islands Ltd                     9        3/8/2019   EUR      26.38
MetroGas SA                     8.87    12/31/2018  USD      71.25
Argentine International Bond    8.28    12/31/2033  USD      57.75
Banif Finance Ltd               1.58                EUR      44
Argentine International Bond    0.45    12/31/2038  JPY       8
Banco BPI SA/Cayman Islands     4.15    11/14/2035  EUR      53.5
Provincia de Buenos
Aires/Argentina                 9.62     4/18/2028  USD      63.25
Almendral Telecomunicaciones
SA                              3.51     2/15/2014  CLP      44.24
Banco Bonsucesso SA             9.25    11/3/2020   USD      70.75
Banco Macro SA                  9.75    12/18/2036  USD      71
Provincia del Chaco             4       11/4/2023   USD      54
BCP Finance Bank Ltd            5.0     13/31/2024  EUR      72.63
Formosa Province of Argentina   5        2/27/2022  USD      61.63
CAM Global Finance              6.08    12/22/2030  EUR      69.63
Cia Sud Americana
de Vapores SA                   6.4     10/1/2022   CLP      69.99
Aguas Andinas SA                4.15    12/1/2026   CLP      72.27
Provincia del Chaco             4       12/4/2026   USD      25.88
Talca Chillan Sociedad
Concesionaria SA                2.75    12/15/2019  CLP      66.57
Cia Cervecerias Unidas SA       4       12/1/2024   CLP      58.32
Provincia de Mendoza Argentina  5.5      9/4/2018   USD      74.13
Petroleos de Venezuela SA       5.37     4/12/2027  USD      64.15
Quinenco SA                     3.5      7/21/2013  CLP      12.87
Metro S.A.                      5.5      7/15/2027  CLP       3.0


                            ***********


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.


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