/raid1/www/Hosts/bankrupt/TCRLA

/raid1/www/Hosts/bankrupt/TCRLA_Public/131008.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, October 8, 2013, Vol. 14, No. 199 Headlines A N T I G U A & B A R B U D A LIAT: CEO Gave No Explanation For Resignation A R G E N T I N A * MUNICIPALITY OF CORDOBA: Moody's Rates US$35MM Series I Bond B3 B R A Z I L BRAZILIAN STATES: Moody's Affirms Issuer Ratings of Three States OGX PETROLEO: Bonds Continue to Fall as Pessimism Mounts C A Y M A N I S L A N D S O'CONNOR CREDIT: Shareholders' Final Meeting Set for Oct. 15 THAI INVESTOR I: Members' Final Meeting Set for Oct. 15 THAI INVESTOR II: Members' Final Meeting Set for Oct. 15 THAI INVESTOR III: Members' Final Meeting Set for Oct. 15 THAI INVESTOR IV: Members' Final Meeting Set for Oct. 15 THAI INVESTOR V: Members' Final Meeting Set for Oct. 15 THAI INVESTOR VI: Members' Final Meeting Set for Oct. 15 THAI INVESTOR VII: Members' Final Meeting Set for Oct. 15 THAI INVESTOR VIII: Members' Final Meeting Set for Oct. 15 C O L O M B I A * COLOMBIA: To Improve Transport System With US$40MM IDB Loan J A M A I C A * JAMAICA: Price of Aluminum to Sink Further P A N A M A * PANAMA: Gets US$54MM IDB Loan for Water & Sanitation Program P U E R T O R I C O AES PUERTO RICO: Moody's Affirms Ba1 Rating on US$194MM Sec. Bonds X 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 ================================== LIAT: CEO Gave No Explanation For Resignation --------------------------------------------- Caribbean360.com reports that Prime Minister Dr. Ralph Gonsalves, chair of Leeward Islands Air Transport (LIAT)'s shareholder governments, said he does not know why Ian Brunton resigned as the airline's chief executive officer after just one year on the job. LIAT's board of directors disclosed late September that it had accepted Brunton's resignation, effective October 1, according to Caribbean360.com. "I really don't know what are the reasons for Captain Brunton's resignation because none was offered; certainly, I have not seen any communications offered to the chairman and sent to me, or the person who is acting chairman, Isaac Solomon, who is a Vincentian," the report quoted Mr. Gonsalves as saying. The report notes that Mr. Brunton's resignation comes as LIAT is engaged in re-fleeting its ageing planes and what may be considered a bad few months for the airline given the problems, including flight cancellations, associated with the exercise. The report relates that Mr. Brunton himself said LIAT experienced a "disastrous summer" this year. Asked if there was any "gentle persuasion" for mr. Brunton to go, Mr. Gonsalves replied "absolutely not," notes the report. "I didn't speak to Ian about it and I know that Baldwin Spencer (Prime Minister of Antigua and Barbuda) didn't because I saw Baldwin in New York and we spoke about the matter and I didn't communicate with my brother Freundel Stuart (Prime Minister of Barbados) but from what I know, he was not involved either. . . . This is a matter entirely dealt with by the Board of LIAT," the report quoted Mr. Gonsalves as saying. As reported in the Troubled Company Reporter-Latin America on Jan. 3, 2012, Antigua Caribarena related that former Antigua Aviation Minister Robin Yearwood wants to see a merger between Leeward Islands Air Transport (LIAT) and the Trinidad and Tobago- owned Caribbean Airlines Limited, as he believes this is the only way the Antigua-based regional carrier can survive. Mr. Yearwood's call came against the background of media reports out of Port of Spain that suggested CAL's management may be eyeing expansion into the OECS territories, according to Antigua Caribarena. About LIAT Headquartered in V. C. Bird International Airport in Saint George Parish, Antigua, Leeward Islands Air Transport, known as LIAT, operates high-frequency interisland scheduled services serving 22 destinations in the Caribbean. The airline's main base is VC Bird International Airport, Antigua and Barbuda, with bases at Grantley Adams International Airport, Barbados and Piarco International Airport, Trinidad and Tobago. ================= A R G E N T I N A ================= * MUNICIPALITY OF CORDOBA: Moody's Rates US$35MM Series I Bond B3 ----------------------------------------------------------------- Moody's Latin America has assigned debt ratings of B3 (Global Scale, Local Currency) and Baa1.ar (Argentina National Scale) to the Municipality of Cordoba's Series I Bond for up to USD35 million (payable in ARS pesos), to be issued under the Municipality of Cordoba's Debt Program for up to ARS400 million (around US$70 million), or its equivalent in other currencies. RATINGS RATIONALE The Series I Bonds (the "Bonos de Deuda 2013 Serie I") constitute direct, secured and unsubordinated obligations of the Municipality of Cordoba. Authorized by Decree N§ 3723 of the Mayor of Cordoba City and payable in Argentine pesos, this bond will carry a fixed interest rate and mature in 2017. The amount expected to be issued under Series I is US$35 million, about 5% of total revenues budgeted for 2013. Debt service will be quarterly, with a one-year grace period for principal payments. The Series I will also be guaranteed by the collection of the "Gross Revenue Contribution" that the Municipality of Cordoba's charges large tax payers ("Contribucion que incide sobre la actividad comercial, industrial y de servicios, categor¡a grandes contribuyentes"). The B3 Moody's has assigned to this Bond Series I is in line with the Municipality of Cordoba's B3 issuer rating and long-term credit quality. In Moody's view, the presence of dedicated municipal revenues to back the debt service enhances the credit quality of this instrument. This is reflected in the Baa1.ar rating compared to the Municipality of Cordoba's national scale rating of Baa2.ar. The ratings assigned are based on documentation Moody's had received as of the rating assignment date. Moody's does not expect changes to the documentation between September 27th 2013 and the expected closing date of the deal. Moody's will assess the impact on the ratings of any differences should the transaction structure differ from what the submitted documentation outlines, and act accordingly. WHAT COULD CHANGE THE RATING UP/DOWN Given the dependence of the bonds' credit quality on that of the obligor, an upgrade to the City of Cordoba's issuer ratings would likely result in an upgrade of the ratings on the bonds. Conversely, a downgrade to the City of Cordoba's issuer ratings could also pressure the bonds' debt ratings downward. Also, a deterioration in the city's operating and financing margins, coupled with a downgrade to the sovereign rating, could lead to a downgrade to the bonds' rating. The principal methodology used in this rating was Regional and Local Governments published in January, 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. For further information on Moody's approach to national scale ratings, please refer to Moody's Rating Methodology published in October 2012 entitled "Mapping Moody's National Scale Ratings to Global Scale Ratings". =========== B R A Z I L =========== BRAZILIAN STATES: Moody's Affirms Issuer Ratings of Three States ---------------------------------------------------------------- Moody's America Latina Ltda has affirmed the issuer ratings (both global and national scale) of three Brazilian states. These actions follow Moody's action on Brazil's Baa2 sovereign bond rating, revising the outlook to stable from positive. AFFIRMED RATINGS - State of Maranhao - Ba1 (Global Scale), Aa2.br (National Scale), stable outlook - State of Mato Grosso - Baa3 (Global Scale), Aa1.br (National Scale), stable outlook - State of Parana - Baa3 (Global Scale), Aa1.br (National Scale), stable outlook RATINGS RATIONALE The affirmation of these ratings reflects the solid performance of these states and the stable environment under which they operate. In Moody's view, the recent change of outlook on the sovereign does not lead to any material change on the credit profile of the issuers. WHAT COULD CHANGE THE RATING UP/DOWN A continuation in the trend of positive fiscal results, combined with a further decline in debt-to-revenue levels, could exert upward pressure on the ratings. Conversely, a downgrade of Brazil's Baa2 government bonds rating could exert downward pressure on the assigned ratings. A significant deterioration in the financial performance of any of these three entities, including a sudden increase in debt to revenue levels, could also move ratings down on that issuer. The principal methodology used in this rating was Regional and Local Governments published in January 2013. Please see the Credit Policy page on www.moodys.com.br for a copy of this methodology. 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. For further information on Moody's approach to national scale ratings, please refer to Moody's Rating Methodology published in October 2012 entitled "Mapping Moody's National Scale Ratings to Global Scale Ratings". OGX PETROLEO: Bonds Continue to Fall as Pessimism Mounts -------------------------------------------------------- Luciana Magalhaes at Dow Jones reports that bonds of Brazilian oil company OGX Petroleo e Gas Participacoes SA, the flagship of businessman Eike Batista's crumbling empire, are tumbling fast Oct.4. Another sell off was triggered Oct. 3 after the company said the probable reserves at its Tubarao Martelo oil field are much smaller than previously estimated, according to Dow Jones. The report notes that OGX's bonds maturing in 2018 and 2022 both fell to around 10 cents to the dollar Oct. 4, after closing around 12 cents to the dollar Oct. 3, according to traders. The report relates that oil field consultancy DeGolyer and MacNaughton, in a report to the company released by OGX, certified the field has probable reserves of 87.9 million barrels of oil equivalent, with a 50% certainty of being produced. Previously, in a less accurate study, Tubarao Martelo's total recoverable volume had been estimated at 212 million barrels of oil equivalent, the report says. The report relays that OGX, which earlier missed an interest payment on outstanding bonds, is counting on production from the field to start by the end of the year. Tubarao Martelo is currently considered OGX's lone viable oil field. The report discloses that advisors for OGX have been in talks with bondholders to restructure the company's debt. OGX is also looking for possible investors as it is seeking debtor-in- possession financing, a special form of financing usually provided to companies in financial distress, a person familiar with the company said, adding that the company is considering seeking court protection in coming weeks, the report relates. About OGX Petroleo e Gas Participaaoes S.A. Based in Rio de Janeiro, Brazil, OGX Petroleo e Gas Participaaoes S.A. is an independent exploration and production company with operations in Latin America. * * * As reported in the Troubled Company Reporter-Latin America on July 17, 2013, Moody's Investors Service downgraded OGX Petroleo e Gas Participaaoes S.A.'s Corporate Family Rating to Ca from Caa2 and OGX Austria GmbH's senior unsecured notes ratings to Ca from Caa2. The rating outlook remains negative. ========================== C A Y M A N I S L A N D S ========================== O'CONNOR CREDIT: Shareholders' Final Meeting Set for Oct. 15 ------------------------------------------------------------ The shareholders of O'Connor Credit Arbitrage Master Limited will hold their final meeting on Oct. 15, 2013, at 10:30 a.m., to receive the liquidator's report on the company's wind-up proceedings and property disposal. The company's liquidator is: Michael Penner c/o Grant Hiley Deloitte & Touche Citrus Grove Building, 4th Floor Goring Avenue,, George Town KY1-1109 Cayman Islands Telephone: +1 (345) 814 2353 Facsimile: +1 (345) 949 8258 THAI INVESTOR I: Members' Final Meeting Set for Oct. 15 ------------------------------------------------------- The members of Thai Investor I Inc will hold their final meeting on Oct. 15, 2013, at 9:00 a.m., to receive the liquidator's report on the company's wind-up proceedings and property disposal. The company's liquidator is: Krys Global VL Services Limited c/o Declan Magennis Governor's Square, Building 6, 2nd Floor 23 Lime Tree Bay Avenue P.O. Box 21237 Grand Cayman KY1-1205 Cayman Islands Telephone: +1 (345) 947 4700 Facsimile: +1 (345) 946 6728 THAI INVESTOR II: Members' Final Meeting Set for Oct. 15 -------------------------------------------------------- The members of Thai Investor II Inc. will hold their final meeting on Oct. 15, 2013, at 9:15 a.m., to receive the liquidator's report on the company's wind-up proceedings and property disposal. The company's liquidator is: Krys Global VL Services Limited c/o Declan Magennis Governor's Square, Building 6, 2nd Floor 23 Lime Tree Bay Avenue P.O. Box 21237 Grand Cayman KY1-1205 Cayman Islands Telephone: +1 (345) 947 4700 Facsimile: +1 (345) 946 6728 THAI INVESTOR III: Members' Final Meeting Set for Oct. 15 --------------------------------------------------------- The members of Thai Investor III Inc. will hold their final meeting on Oct. 15, 2013, at 9:30 a.m., to receive the liquidator's report on the company's wind-up proceedings and property disposal. The company's liquidator is: Krys Global VL Services Limited c/o Declan Magennis Governor's Square, Building 6, 2nd Floor 23 Lime Tree Bay Avenue P.O. Box 21237 Grand Cayman KY1-1205 Cayman Islands Telephone: +1 (345) 947 4700 Facsimile: +1 (345) 946 6728 THAI INVESTOR IV: Members' Final Meeting Set for Oct. 15 -------------------------------------------------------- The members of Thai Investor IV Inc. will hold their final meeting on Oct. 15, 2013, at 9:45 a.m., to receive the liquidator's report on the company's wind-up proceedings and property disposal. The company's liquidator is: Krys Global VL Services Limited c/o Declan Magennis Governor's Square, Building 6, 2nd Floor 23 Lime Tree Bay Avenue P.O. Box 21237 Grand Cayman KY1-1205 Cayman Islands Telephone: +1 (345) 947 4700 Facsimile: +1 (345) 946 6728 THAI INVESTOR V: Members' Final Meeting Set for Oct. 15 ------------------------------------------------------- The members of Thai Investor V Inc. will hold their final meeting on Oct. 15, 2013, at 10:00 a.m., to receive the liquidator's report on the company's wind-up proceedings and property disposal. The company's liquidator is: Krys Global VL Services Limited c/o Declan Magennis Governor's Square, Building 6, 2nd Floor 23 Lime Tree Bay Avenue P.O. Box 21237 Grand Cayman KY1-1205 Cayman Islands Telephone: +1 (345) 947 4700 Facsimile: +1 (345) 946 6728 THAI INVESTOR VI: Members' Final Meeting Set for Oct. 15 -------------------------------------------------------- The members of Thai Investor VI Inc. will hold their final meeting on Oct. 15, 2013, at 10:15 a.m., to receive the liquidator's report on the company's wind-up proceedings and property disposal. The company's liquidator is: Krys Global VL Services Limited c/o Declan Magennis Governor's Square, Building 6, 2nd Floor 23 Lime Tree Bay Avenue P.O. Box 21237 Grand Cayman KY1-1205 Cayman Islands Telephone: +1 (345) 947 4700 Facsimile: +1 (345) 946 6728 THAI INVESTOR VII: Members' Final Meeting Set for Oct. 15 --------------------------------------------------------- The members of Thai Investor VII Inc. will hold their final meeting on Oct. 15, 2013, at 10:30 a.m., to receive the liquidator's report on the company's wind-up proceedings and property disposal. The company's liquidator is: Krys Global VL Services Limited c/o Declan Magennis Governor's Square, Building 6, 2nd Floor 23 Lime Tree Bay Avenue P.O. Box 21237 Grand Cayman KY1-1205 Cayman Islands Telephone: +1 (345) 947 4700 Facsimile: +1 (345) 946 6728 THAI INVESTOR VIII: Members' Final Meeting Set for Oct. 15 ---------------------------------------------------------- The members of Thai Investor VIII Inc. will hold their final meeting on Oct. 15, 2013, at 10:45 a.m., to receive the liquidator's report on the company's wind-up proceedings and property disposal. The company's liquidator is: Krys Global VL Services Limited c/o Declan Magennis Governor's Square, Building 6, 2nd Floor 23 Lime Tree Bay Avenue P.O. Box 21237 Grand Cayman KY1-1205 Cayman Islands Telephone: +1 (345) 947 4700 Facsimile: +1 (345) 946 6728 =============== C O L O M B I A =============== * COLOMBIA: To Improve Transport System With US$40MM IDB Loan ------------------------------------------------------------- Colombia will improve its public transportation system in Bogota with a US$40 million loan approved by the Inter-American Development Bank (IDB), making its hallmark bus system better as well as cleaner. With 7.6 million inhabitants and approximately 16 percent of Colombia's population, Bogota faces the challenge of providing efficient transportation to support its economic potential, boost its competitiveness and improve the quality of life of its inhabitants. The project will finance 282 new medium capacity hybrid or electric buses. It will reduce operating costs of this fleet by 35 percent and reduce greenhouse gas emissions by 7,000 tons/year, a 46 percent drop. This fleet will provide access to improved low-carbon transport to approximately 33,000 people per day. Financing for clean technology buses will increase the benefits offered by the Integrated Public Transport System because it will lead to even greater reductions in operating costs and transportation-related emissions. The IDB financing consists of a US$40 million 40-year loan with resources from the Clean Technology Fund with a 10-year grace period and a fixed interest rate of 0.25 percent. ============= J A M A I C A ============= * JAMAICA: Price of Aluminum to Sink Further -------------------------------------------- RJR News reports that there is more grim news for Jamaica's mining sector with another forecast that the price of aluminum is set to further tumble. Analysts said China's aluminum prices are likely to fall in the fourth quarter, as supply is expected to rise amid sliding demand. Some analysts have predicted that the prices will decline to an all-time low, according to RJR News. The report notes that traditionally, the fourth quarter has been a weak season for aluminum consumption, as cold weather in north China slows down construction activities. In northwest China, however, smelters which are able to operate at relatively low costs are still gearing up, RJR News relates. The report discloses that market participants have estimated that about 2 million tons of new aluminum capacity will start operations before year-end in China. ============ P A N A M A ============ * PANAMA: Gets US$54MM IDB Loan for Water & Sanitation Program -------------------------------------------------------------- Panama will continue improving, rehabilitating and expanding its water and sanitation services in central and western provinces with the Water and Sanitation Multiphase Investment Program, a US$54 million loan from the Inter-American Development Bank (IDB). At the end of this program, the number of households with improved residential access to clean drinking water will increase to 33,000 and 2,200 households will gain networked connections to the sewerage system, giving thousands of poor Panamanians in the central and western provinces access to clean water and sanitation services. The program will allow Panama to reduce unequal access to potable water and sanitation services within these regions, and also tackle other problems such as non-revenue water issues. The IDB loan is set for a 25-year amortization period, with a 5.5 year grace period and a LIBOR-based interest rate. Local counterpart funds total US$15.4 million. ===================== P U E R T O R I C O ===================== AES PUERTO RICO: Moody's Affirms Ba1 Rating on US$194MM Sec. Bonds ----------------------------------------------------------------- Moody's Investors Service affirmed the Ba1 rating on approximately US$194 million of secured bonds issued by the Puerto Rico Industrial, Tourist, Educational, Medical, and Environmental Control Facilities Financing Authority on behalf of AES Puerto Rico L.P (AES PR). The rating outlook remains stable. RATINGS RATIONALE The rating affirmation and stable outlook is reflective of the project's operational and financial performance and also considers the current rating and outlook for both the Commonwealth of Puerto Rico (Baa3, negative) and the Puerto Rico Electric Power Authority (PREPA: Baa3, negative). The Ba1 senior secured rating for AES PR reflects the ongoing stability of its revenues, which are generated via a long-term power purchase agreement (PPA) with PREPA, and considers the strategic importance of the project as a source of fuel diversity and relatively low-cost base load power. The rating also reflects AES Corporation's (AES: Ba3, stable) significant experience in operating and procuring coal for its global fleet of power plants and the operational and financial performance of the project, which has been stable, but will continue to be impacted by an aggressive heat rate guarantee incorporated in the PPA and operating and maintenance expenses that are more burdensome than that originally anticipated. Over the near-to-medium term, we anticipate debt service coverage ratios will generally remain above 1.30x. AES PR's revenues are entirely dependent upon PREPA which in turn is heavily dependent on the economic health of the Commonwealth of Puerto Rico -- an entity that has been experiencing lackluster growth burdened by high unemployment and population loss. Since our last update of AES PR, the ratings and outlook for the Commonwealth and PREPA have both declined several notches to Baa3 with negative outlook, one notch above the Ba1 rating for AES PR's secured bonds. Notwithstanding the negative outlook for PREPA, the stable outlook for AES PR reflects our view that, based on the importance of the project to PREPA, the priority of its PPA payment as a PREPA operating expense, and the secured position of the bond holders, a one notch downgrade of the rating of PREPA, should it occur, would not in and of itself, result in a downgrade of AES PR's secured bonds. The stable outlook for AES PR reflects Moody's expectation of continued normal operating performance at the project - including its ability to find beneficial uses for its ash, which Moody's anticipate will result in debt service coverage remaining above 1.30x. The rating is currently upwardly constrained by the Baa3 rating and negative outlook for PREPA, so upward movement over the near- to-medium term is unlikely. Longer term, upward pressure on the rating or outlook could develop if the rating or outlook of PREPA were to be revised upward and if the project is able to demonstrate debt service coverage ratios above 1.5x on a sustainable basis. In the event the Baa3 rating of PREPA was to be lowered by more than one notch, the rating of AES PR would also likely be lowered. Downward pressure on the rating could also develop if the project were to experience prolonged operating difficulties which result in reductions to PREPA's capacity payments or if increases in unrecovered operating and/or capital costs cause debt service coverage ratios to remain below the 1.3x -- 1.4x range for an extended period. An inability to extend or replace the project's external liquidity facilities could also put downward pressure on the rating. AES PR, an indirect wholly owned subsidiary of AES Corporation (AES: Ba3, stable), owns and operates a 454 megawatt (MW) coal- fired cogeneration facility located on the southeastern coast of Puerto Rico. The project sells all of its firm energy and capacity pursuant to a 25-year power purchase agreement to the PREPA, a public corporation and governmental agency of the Commonwealth of Puerto Rico. The project began operating in 2002. ================= X 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 339244073 -561405847 AGRENCO LTD-BDR AGEN33 BZ 339244073 -561405847 AGRENCO LTD-BDR AGEN11 BZ 339244073 -561405847 ALL ORE MINERACA AORE3 BZ 18737018.1 -11880129.9 ALL ORE MINERACA STLB3 BZ 18737018.1 -11880129.9 ARTHUR LAN-DVD C ARLA11 BZ 11642256.1 -17154462.1 ARTHUR LAN-DVD P ARLA12 BZ 11642256.1 -17154462.1 ARTHUR LANGE ARLA3 BZ 11642256.1 -17154462.1 ARTHUR LANGE SA ALICON BZ 11642256.1 -17154462.1 ARTHUR LANGE-PRF ARLA4 BZ 11642256.1 -17154462.1 ARTHUR LANGE-PRF ALICPN BZ 11642256.1 -17154462.1 ARTHUR LANG-RC C ARLA9 BZ 11642256.1 -17154462.1 ARTHUR LANG-RC P ARLA10 BZ 11642256.1 -17154462.1 ARTHUR LANG-RT C ARLA1 BZ 11642256.1 -17154462.1 ARTHUR LANG-RT P ARLA2 BZ 11642256.1 -17154462.1 B&D FOOD CORP BDFCE US 14423532 -3506007 B&D FOOD CORP BDFC US 14423532 -3506007 BALADARE BLDR3 BZ 159454013 -52992212 BATTISTELLA BTTL3 BZ 174796731 -28588662.7 BATTISTELLA-PREF BTTL4 BZ 174796731 -28588662.7 BATTISTELLA-RECE BTTL9 BZ 174796731 -28588662.7 BATTISTELLA-RECP BTTL10 BZ 174796731 -28588662.7 BATTISTELLA-RI P BTTL2 BZ 174796731 -28588662.7 BATTISTELLA-RIGH BTTL1 BZ 174796731 -28588662.7 BIOMM SA BIOM3 BZ 11534236.1 -12761895.5 BIOMM SA-PREF BIOM4 BZ 11534236.1 -12761895.5 BIOMM SA-RT BIOM1 BZ 11534236.1 -12761895.5 BIOMM SA-RT BIOM2 BZ 11534236.1 -12761895.5 BIOMM SA-RTS BIOM9 BZ 11534236.1 -12761895.5 BIOMM SA-RTS BIOM10 BZ 11534236.1 -12761895.5 BOMBRIL BMBBF US 322039321 -20271461.5 BOMBRIL FPXE4 BZ 19416016 -489914907 BOMBRIL BOBR3 BZ 322039321 -20271461.5 BOMBRIL CIRIO SA BOBRON BZ 322039321 -20271461.5 BOMBRIL CIRIO-PF BOBRPN BZ 322039321 -20271461.5 BOMBRIL HOLDING FPXE3 BZ 19416016 -489914907 BOMBRIL SA-ADR BMBPY US 322039321 -20271461.5 BOMBRIL SA-ADR BMBBY US 322039321 -20271461.5 BOMBRIL-PREF BOBR4 BZ 322039321 -20271461.5 BOMBRIL-RGTS PRE BOBR2 BZ 322039321 -20271461.5 BOMBRIL-RIGHTS BOBR1 BZ 322039321 -20271461.5 BOTUCATU TEXTIL STRP3 BZ 27663605.3 -7174512.12 BOTUCATU-PREF STRP4 BZ 27663605.3 -7174512.12 BUETTNER BUET3 BZ 97892219.8 -29984241.8 BUETTNER SA BUETON BZ 97892219.8 -29984241.8 BUETTNER SA-PRF BUETPN BZ 97892219.8 -29984241.8 BUETTNER SA-RT P BUET2 BZ 97892219.8 -29984241.8 BUETTNER SA-RTS BUET1 BZ 97892219.8 -29984241.8 BUETTNER-PREF BUET4 BZ 97892219.8 -29984241.8 CAF BRASILIA CAFE3 BZ 160938144 -149281093 CAF BRASILIA-PRF CAFE4 BZ 160938144 -149281093 CAFE BRASILIA SA CSBRON BZ 160938144 -149281093 CAFE BRASILIA-PR CSBRPN BZ 160938144 -149281093 CAIUA ELEC-C RT ELCA1 BZ 1068602117 -71011565.8 CAIUA SA ELCON BZ 1068602117 -71011565.8 CAIUA SA-DVD CMN ELCA11 BZ 1068602117 -71011565.8 CAIUA SA-DVD COM ELCA12 BZ 1068602117 -71011565.8 CAIUA SA-PREF ELCPN BZ 1068602117 -71011565.8 CAIUA SA-PRF A ELCAN BZ 1068602117 -71011565.8 CAIUA SA-PRF A ELCA5 BZ 1068602117 -71011565.8 CAIUA SA-PRF B ELCA6 BZ 1068602117 -71011565.8 CAIUA SA-PRF B ELCBN BZ 1068602117 -71011565.8 CAIUA SA-RCT PRF ELCA10 BZ 1068602117 -71011565.8 CAIUA SA-RTS ELCA2 BZ 1068602117 -71011565.8 CAIVA SERV DE EL 1315Z BZ 1068602117 -71011565.8 CELGPAR GPAR3 BZ 224346596 -1034483222 CELPA CELP3 BZ 1983995394 -26345832 CELPA-PREF A CELP5 BZ 1983995394 -26345832 CELPA-PREF B CELP6 BZ 1983995394 -26345832 CELPA-PREF C CELP7 BZ 1983995394 -26345832 CELPA-RCT CELP9 BZ 1983995394 -26345832 CELPA-RTS CELP1 BZ 1983995394 -26345832 CENTRAL COST-ADR CCSA LI 355868840 -87473853.9 CENTRAL COSTAN-B CRCBF US 355868840 -87473853.9 CENTRAL COSTAN-B CNRBF US 355868840 -87473853.9 CENTRAL COSTAN-C CECO3 AR 355868840 -87473853.9 CENTRAL COST-BLK CECOB AR 355868840 -87473853.9 CIA PETROLIFERA MRLM3 BZ 377602206 -3014291.81 CIA PETROLIFERA MRLM3B BZ 377602206 -3014291.81 CIA PETROLIFERA 1CPMON BZ 377602206 -3014291.81 CIA PETROLIF-PRF MRLM4 BZ 377602206 -3014291.81 CIA PETROLIF-PRF MRLM4B BZ 377602206 -3014291.81 CIA PETROLIF-PRF 1CPMPN BZ 377602206 -3014291.81 CIMOB PARTIC SA GAFP3 BZ 44047412.2 -45669964.1 CIMOB PARTIC SA GAFON BZ 44047412.2 -45669964.1 CIMOB PART-PREF GAFP4 BZ 44047412.2 -45669964.1 CIMOB PART-PREF GAFPN BZ 44047412.2 -45669964.1 COBRASMA CBMA3 BZ 75975325.5 -2148311127 COBRASMA SA COBRON BZ 75975325.5 -2148311127 COBRASMA SA-PREF COBRPN BZ 75975325.5 -2148311127 COBRASMA-PREF CBMA4 BZ 75975325.5 -2148311127 D H B DHBI3 BZ 110495985 -162541778 D H B-PREF DHBI4 BZ 110495985 -162541778 DHB IND E COM DHBON BZ 110495985 -162541778 DHB IND E COM-PR DHBPN BZ 110495985 -162541778 DOCA INVESTIMENT DOCA3 BZ 273120349 -211736213 DOCA INVESTI-PFD DOCA4 BZ 273120349 -211736213 DOCAS SA DOCAON BZ 273120349 -211736213 DOCAS SA-PREF DOCAPN BZ 273120349 -211736213 DOCAS SA-RTS PRF DOCA2 BZ 273120349 -211736213 EDENOR-B DNOR AR 1394532241 -3893195.34 EDENOR-B EDN AR 1394532241 -3893195.34 EDENOR-B EDNC AR 1394532241 -3893195.34 EDENOR-B EDND AR 1394532241 -3893195.34 EDENOR-B C/E DNORC AR 1394532241 -3893195.34 EDENOR-B US$ DNORD AR 1394532241 -3893195.34 ELEC ARG SA-PREF EASA6 AR 1395153160 -106158748 ELEC ARGENT-ADR EASA LX 1395153160 -106158748 ELEC DE ARGE-ADR 1262Q US 1395153160 -106158748 ELECTRICIDAD ARG 3447811Z AR 1395153160 -106158748 EMP DISTRIB-ADR EDN US 1394532241 -3893195.34 *********** 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 * * *