TCRLA_Public/131104.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

            Monday, November 4, 2013, Vol. 14, No. 218


                            Headlines



A R G E N T I N A

METROGAS SA: S&P Assigns 'CCC' Rating to Add'l. $7.3MM Notes


B A H A M A S

BEST BUY: Closes Store on "Unfriendly Business Environment"


B R A Z I L

OGX AUSTRIA: S&P Lowers Rating on 2018 Senior Notes to 'D'
OGX PETROLEO: 11th-Hour Sale Needs Creditor Approval, Lawyer Says
OSX BRASIL: Says Bankruptcy Isn't Out of the Cards


C A Y M A N  I S L A N D S

AGILENT TECHNOLOGIES: Creditors' Proofs of Debt Due Nov. 21
BARRINGTON OFFSHORE: Creditors' Proofs of Debt Due Nov. 14
BCRE PORTFOLIO: Commences Liquidation Proceedings
CALEDONIAN MANAGEMENT: Creditors' Proofs of Debt Due Nov. 28
DAWN CDO I: Creditors' Proofs of Debt Due Nov. 20

GLOBAL FUND: Creditors' Proofs of Debt Due Nov. 21
IPSWICH STREET: Creditors' Proofs of Debt Due Nov. 20
KE HARMONY: Creditors' Proofs of Debt Due Nov. 20
LUKIAN GLOBAL: Creditors' Proofs of Debt Due Nov. 15
MANTRIX LIMITED: Placed Under Voluntary Wind-Up

MSF CAPITAL: Commences Liquidation Proceedings
PEP CHANNEL: Creditors' Proofs of Debt Due Nov. 20
SYMPHONY CLO VI: Creditors' Proofs of Debt Due Nov. 20
WESTLAND AGENCIES: Creditors' Proofs of Debt Due Nov. 12


D O M I N I C A N   R E P U B L I C

DIGICEL GROUP: Can Face Tough Competition With Cable & Wireless


J A M A I C A

* JAMAICA: Six Percent Decline on Imports January-July


T R I N I D A D  &  T O B A G O

CARIBBEAN AIRLINES: Eyes Central and South American Markets


U R U G U A Y

* URUGUAY: To Get US$132.6MM IDB Loan to Finance Wind Farms


X X X X X X X X X

BOND PRICING: For the Week From Oct. 21 to Oct. 25, 2013


                            - - - - -


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


METROGAS SA: S&P Assigns 'CCC' Rating to Add'l. $7.3MM Notes
------------------------------------------------------------
Standard & Poor's Ratings Services assigned a 'CCC' rating to
Metrogas S.A.'s recently issued additional series A notes for
about $7.3 million to pay in kind the accrued interests on the
outstanding notes.  At the same time, S&P affirmed its 'CCC'
corporate credit rating on Metrogas.  The outlook is negative.

The rating action follows Metrogas' decision to capitalize 100% of
the interest accrued from January 2013 to June 2013 for the
$180 million series A notes (as allowed by the financing
documents).  As a result, on July 25, 2013, Metrogas issued
additional series A notes of about $7.3 million, which bear the
same interest rate (8.875%) and mature on the same date (Dec. 31,
2018) as the outstanding $180 million series A notes.  In January
2013, the company issued the $180 million series A notes in
exchange of defaulted debt.


=============
B A H A M A S
=============


BEST BUY: Closes Store on "Unfriendly Business Environment"
-----------------------------------------------------------
The Nassau Guardian reports that after 20 years in operation, Best
Buy Furniture will close its doors.

Sources said the closure will take place and sales are currently
underway to clear inventory, the report relates.

Masters Technicians, its affiliate, will remain open, the report
added.

The closure came as business at the furniture store had slumped in
recent times and in light of what is being view as an "unfriendly"
business environment, the report, citing an unnamed source, said.

It is unclear how many employees will be impacted by the closure,
reports the Nassau Guardian.

Best Buy began operations in 1995.  It sold furnitures from a
14,000 square-foot store in Village Road.


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


OGX AUSTRIA: S&P Lowers Rating on 2018 Senior Notes to 'D'
----------------------------------------------------------
Standard & Poor's Rating Services lowered its issue rating on OGX
Austria GmbH's 2018 senior notes to 'D' from 'C'.  S&P's corporate
credit rating on parent, OGX Petroleo e Gas Participacoes S.A.'s
(OGX), was already 'D'.

The downgrade follows OGX's judicial reorganization filing on
Oct. 30, 2013 (this means that the company will work under
judicial oversight and will propose a plan in an attempt to
restructure its business).  OGX had already missed the interest
payment on its 2022 senior notes on Oct. 1, 2013.  The next
interest payment on its 2018 senior notes was supposed to be made
in Dec. 1, 2013.

S&P will monitor the rollout of company's recovery plan, including
debt restructuring.  When and if this default is resolved, S&P
will reassess the company's credit quality as it reorganizes its
ownership, capital structure, and business plan.


OGX PETROLEO: 11th-Hour Sale Needs Creditor Approval, Lawyer Says
-----------------------------------------------------------------
Cristiane Lucchesi & Juan Pablo Spinetto at Bloomberg News, citing
a lawyer advising OGX Petroleo & Gas Participacoes SA, report that
OGX Petroleo's agreement to sell its only producing asset for $154
million hours before a bankruptcy filing will need to be approved
by creditors.

The deal requires approval under a judicial recovery plan that OGX
filed Oct. 30, Eduardo Munhoz -- eduardo.munhoz@mattosfilho.com.br
-- a partner at Mattos Filho Veiga Filho Marrey Jr. & Quiroga
Advogados that is an adviser to OGX, said in a text message from
Sao Paulo, according to Bloomberg News.

The first Brazilian oil producer to seek protection from creditors
reached an accord to sell its stake in OGX Maranhao Petroleo e Gas
SA Oct. 30, according to a copy of the bankruptcy protection
petition, Bloomberg News relates.

Brazilian private equity fund Cambuhy Investimentos Ltda and
Germany's EON SE will buy the OGX stake in two stages in a
transaction worth BRL594 million (US$264 million), the company
said in a regulatory filing obtained by Bloomberg News.

"Creditors can just not approve it and it won't happen," Bloomberg
News quoted Mr. Munhoz as saying.

Bloomberg News notes that OGX, controlled by former billionaire
Eike Batista, has about BRL11.2 billion in total debt, according
to its filing.

Bloomberg News relates that the US$154 million OGX would get from
the sale is less than the US$173 million the company said in a
document Oct. 7 it expected to get by selling the unit to Eneva SA
(ENEV3), the Brazilian utility controlled by EON and Batista.

                          Bank Creditors

Bloomberg News relays that Cambuhy, based in Sao Paulo, will buy
BRL200 million of new Maranhao stock in a BRL250 million capital
increase, with EON, Germany's largest utility, purchasing the
rest.  Cambuhy will then buy OGX's remaining stake for BRL200
million.

OGX will also receive a BRL144 million payment from the natural
gas producer to settle outstanding debt, it said, Bloomberg News
notes.

Cambuhy has agreed to buy out the natural gas company from OGX's
three bank creditors if it doesn't complete the purchase of OGX's
stake and lenders execute guarantees, Eneva said, Bloomberg News
discloses.

The private equity firm was established in 2011 by the billionaire
chairman of Itau Unibanco Holding SA, Pedro Moreira Salles.

When the transaction is completed, Cambuhy will have a 73 percent
stake in Maranhao, while Eneva will have 18 percent and EON the
remaining 9 percent, the Rio de Janeiro-based utility said,
Bloomberg News says.  The companies will run the venture through a
new shareholders agreement.

EON became Eneva's largest holder on May 29 and increased its
stake in a private placement on July 4, three days after OGX said
it would probably have to shut its only producing oil field, and
Batista was replaced as Eneva chairman, Bloomberg News notes.

                        About OGX Petroleo

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 Participacoes 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.


OSX BRASIL: Says Bankruptcy Isn't Out of the Cards
--------------------------------------------------
Paulo Trevisani at Daily Bankruptcy Review reports that OSX Brasil
SA said on Oct. 31 it may file for bankruptcy if management so
decides.

As reported in the Troubled Company Reporter-Latin America on
Oct. 25, 2013, Daily Bankruptcy Review said that an unnamed
spokesman for OSX Brasil SA said that Brazilian state-run bank
Caixa Economica Federal and OSX are still in talks to try to
approve extension of a loan worth BRL400 million (US$184 million).
Reuters said OSX is trying to roll over a BRL400 million loan with
state-run Caixa Economica Federal that was due on October 19.  OSX
reached an agreement with Brazil's state development bank BNDES on
October 16 to refinance a BRL518 million (US$238 million) loan for
an undisclosed period.

A TCRLA report on Oct. 7, citing Daily Bankruptcy Review,
disclosed that OSX is seeking to escape the fate of its sister
company, oil firm OGX Petroleo e Gas Participacoes SA, which
defaulted on a bond payment amid one of Latin America's biggest
corporate collapses ever.

The TRCLA, citing Reuters, also reported on June 26, that OSX
denied a report it failed to make payments on debt held by Spanish
infrastructure group Acciona.  The local Folha da S.Paulo
newspaper reported that Batista's OSX was struggling to avoid
bankruptcy after it defaulted on some BRL500 million ($222
million) in debt held by Acciona, according to Reuters.

OSX Brasil SA is a shipbuilder controlled by billionaire Eike
Batista.


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


AGILENT TECHNOLOGIES: Creditors' Proofs of Debt Due Nov. 21
-----------------------------------------------------------
The creditors of Agilent Technologies (Cayco) Limited are required
to file their proofs of debt by Nov. 21, 2013, to be included in
the company's dividend distribution.

The company commenced liquidation proceedings on Oct. 10, 2013.

The company's liquidator is:

          Intertrust SPV (Cayman) Limited
          190 Elgin Avenue, George Town
          Grand Cayman KY1-9005
          Cayman Islands
          c/o Kim Charaman/Jennifer Chailler
          Telephone: (345) 943-3100


BARRINGTON OFFSHORE: Creditors' Proofs of Debt Due Nov. 14
----------------------------------------------------------
The creditors of Barrington Offshore, Ltd are required to file
their proofs of debt by Nov. 14, 2013, to be included in the
company's dividend distribution.

The company commenced liquidation proceedings on Oct. 8, 2013.

The company's liquidator is:

          Jonathan Bernstein
          Telephone: (345) 949 4900
          Facsimile: (345) 949 4901
          c/o Appleby (Cayman) Ltd.
          P.O. Box 190 Clifton House, 75 Fort Street
          Grand Cayman KY1-1104
          Cayman Islands


BCRE PORTFOLIO: Commences Liquidation Proceedings
-------------------------------------------------
On Oct. 10, 2013, the shareholder of BCRE Portfolio Fund I GP Ltd
resolved to voluntarily liquidate the company's business.

Creditors are required to file their proofs of debt to be included
in the company's dividend distribution.

The company's liquidator is:

          Moise Politi
          c/o BTG Pactual, Av. Brigadeiro Faria Lima
          3.477-12 Andar, 04538-133 Sao Paulo
          Brazil
          Telephone: +1 (345) 914 6365


CALEDONIAN MANAGEMENT: Creditors' Proofs of Debt Due Nov. 28
------------------------------------------------------------
The creditors of Caledonian Management Holdings Limited are
required to file their proofs of debt by Nov. 28, 2013, to be
included in the company's dividend distribution.

The company commenced liquidation proceedings on Oct. 4, 2013.

The company's liquidator is:

          Bernard McGrath
          69 Dr. Roy's Drive
          P.O. Box 1043 Grand Cayman KY1-1102
          Cayman Islands
          Telephone: 949 0050
          Facsimile: 949 8062


DAWN CDO I: Creditors' Proofs of Debt Due Nov. 20
-------------------------------------------------
The creditors of Dawn CDO I, Ltd are required to file their proofs
of debt by Nov. 20, 2013, to be included in the company's dividend
distribution.

The company commenced liquidation proceedings on Oct. 7, 2013.

The company's liquidator is:

          Intertrust SPV (Cayman) Limited
          190 Elgin Avenue, George Town
          Grand Cayman KY1-9005
          Cayman Islands
          c/o Kim Charaman/Jennifer Chailler
          Telephone: (345) 943-3100


GLOBAL FUND: Creditors' Proofs of Debt Due Nov. 21
--------------------------------------------------
The creditors of Global Fund Managers Ltd are required to file
their proofs of debt by Nov. 21, 2013, to be included in the
company's dividend distribution.

The company commenced liquidation proceedings on Oct. 3, 2013.

The company's liquidator is:

          Intertrust SPV (Cayman) Limited
          190 Elgin Avenue, George Town
          Grand Cayman KY1-9005
          Cayman Islands
          c/o Kim Charaman/Jennifer Chailler
          Telephone: (345) 943-3100


IPSWICH STREET: Creditors' Proofs of Debt Due Nov. 20
-----------------------------------------------------
The creditors of Ipswich Street CDO, Ltd. are required to file
their proofs of debt by Nov. 20, 2013, to be included in the
company's dividend distribution.

The company commenced liquidation proceedings on Oct. 2, 2013.

The company's liquidator is:

          Intertrust SPV (Cayman) Limited
          190 Elgin Avenue, George Town
          Grand Cayman KY1-9005
          Cayman Islands
          c/o Kim Charaman/Jennifer Chailler
          Telephone: (345) 943-3100


KE HARMONY: Creditors' Proofs of Debt Due Nov. 20
-------------------------------------------------
The creditors of KE Harmony Ltd are required to file their proofs
of debt by Nov. 20, 2013, to be included in the company's dividend
distribution.

The company commenced liquidation proceedings on Oct. 7, 2013.

The company's liquidator is:

          Intertrust SPV (Cayman) Limited
          190 Elgin Avenue, George Town
          Grand Cayman KY1-9005
          Cayman Islands
          c/o Kim Charaman/Jennifer Chailler
          Telephone: (345) 943-3100


LUKIAN GLOBAL: Creditors' Proofs of Debt Due Nov. 15
----------------------------------------------------
The creditors of Lukian Global Opportunity Fund are required to
file their proofs of debt by Nov. 15, 2013, to be included in the
company's dividend distribution.

The company commenced wind-up proceedings on Sept. 26, 2013.

The company's liquidator is:

          Appleby Trust (Cayman) Ltd.
          Clifton House, 75 Fort Street
          P.O. Box 1350, Grand Cayman KY1-1108
          Cayman Islands


MANTRIX LIMITED: Placed Under Voluntary Wind-Up
-----------------------------------------------
At an extraordinary general meeting held on Oct. 8, 2013, the
shareholders of Mantrix Limited resolved to voluntarily wind up
the company's operations.

Only creditors who were able to file their proofs of debt by
Oct. 31, 2013, will be included in the company's dividend
distribution.

The company's liquidator is:

          Royhaven Secretaries Limited
          c/o Julie Reynolds
          Telephone: +1 345 914 1344
          Facsimile: +1 345 945 4799
          Coutts & Co (Cayman) Limited
          Coutts House, 1446 West Bay Road
          P.O. Box 707 Grand Cayman KY1-1107
          Cayman Islands


MSF CAPITAL: Commences Liquidation Proceedings
----------------------------------------------
On Oct. 9, 2013, the shareholder of MSF Capital Offshore Enhanced
Fund Ltd. resolved to voluntarily liquidate the company's
business.

Creditors are required to file their proofs of debt to be included
in the company's dividend distribution.

The company's liquidator is:

          Admiral Administration Ltd.
          Admiral Financial Center
          90 Fort Street
          P.O. Box 32021 Grand Cayman KY1-1208
          c/o Wendy McNamee/Trinda Blackmore
          Telephone: (345) 949 0704


PEP CHANNEL: Creditors' Proofs of Debt Due Nov. 20
--------------------------------------------------
The creditors of Pep Channel Investments GP Ltd are required to
file their proofs of debt by Nov. 20, 2013, to be included in the
company's dividend distribution.

The company commenced liquidation proceedings on Oct. 7, 2013.

The company's liquidator is:

          Intertrust SPV (Cayman) Limited
          190 Elgin Avenue, George Town
          Grand Cayman KY1-9005
          Cayman Islands
          c/o Kim Charaman/Jennifer Chailler
          Telephone: (345) 943 3100


SYMPHONY CLO VI: Creditors' Proofs of Debt Due Nov. 20
------------------------------------------------------
The creditors of Symphony CLO VI, Ltd. are required to file their
proofs of debt by Nov. 20, 2013, to be included in the company's
dividend distribution.

The company commenced liquidation proceedings on Oct. 7, 2013.

The company's liquidator is:

          Intertrust SPV (Cayman) Limited
          190 Elgin Avenue, George Town
          Grand Cayman KY1-9005
          Cayman Islands
          c/o Kim Charaman/Jennifer Chailler
          Telephone: (345) 943-3100


WESTLAND AGENCIES: Creditors' Proofs of Debt Due Nov. 12
--------------------------------------------------------
The creditors of Westland Agencies Limited are required to file
their proofs of debt by Nov. 12, 2013, to be included in the
company's dividend distribution.

The company commenced wind-up proceedings on Oct. 8, 2013.

The company's liquidator is:

          Royhaven Secretaries Limited
          c/o Julie Reynolds
          Telephone: +1 345 914 1344
          Facsimile: +1 345 945 4799
          Coutts & Co (Cayman) Limited
          Coutts House, 1446 West Bay Road
          P.O. Box 707 Grand Cayman KY1-1107
          Cayman Islands


===================================
D O M I N I C A N   R E P U B L I C
===================================


DIGICEL GROUP: Can Face Tough Competition With Cable & Wireless
---------------------------------------------------------------
RJR News reports that Digicel Group Limited could face competition
in its next acquisition bid in the Dominican Republic region.

Cable & Wireless Communications is considering a GBP1 billion
take-over of a telecoms network in the Dominican Republic to
increase its presence in the Caribbean, according to RJR News.

The report relates that Digicel Group is also reportedly eyeing
the network.

The report notes that Orange, the French network, has been seeking
bids for its Orange Dominicana operation since the summer and has
set a November deadline for binding offers.

It is Orange's only business in Latin America, with 3.3 million
customers.

Headquartered in Jamaica, Digicel Group Limited is a
telecommunications provider with over 13 million customers across
its 31 markets in the Caribbean, Central America and Asia Pacific.

                           *     *     *

As of Sept. 15, 2013, the company continues to carry Moody's
"Caa1" Senior Unsecured Debt rating and "B2" long-term ratings,
long-term corporate family rating, and probability of default
rating.


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


* JAMAICA: Six Percent Decline on Imports January-July
-------------------------------------------------------
RJR News reports that a decrease of six percent on imports between
January and July of this year has been attributed to a lower oil
bill.

A data released on Oct. 31 revealed the total paid to import oil
in the period was under US$1.3 billion down16 percent compared to
last year, according to RJR News.  The report relates that oil
accounts for 35 percent of the total US$3 .6 billion in imports.

Exports in the same period were valued at US$978 million a similar
figure to last year, the report notes.  Overall, the result was a
7 percent narrowing of the trade deficit, RJR News adds.


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


CARIBBEAN AIRLINES: Eyes Central and South American Markets
-----------------------------------------------------------
RJR News reports that Caribbean Airlines Limited is reportedly
eyeing new markets in Central and South America.

Trinidad's Newsday newspaper quoted CAL's acting chief executive
officer, Captain Jagmohan Singh, as saying that the airline is
looking seriously at capitalizing on opportunities in new markets,
according to RJR News.

Captain Singh, the report notes, said even though the airline is
no longer enjoying a fuel subsidy from the Trinidadian government
it has been preparing for such an eventuality.

Answering a call for greater air connectivity in the region,
including Latin America, a CAL representative attended a meeting
of the Association of Caribbean States' special committee on
transport in Trinidad.

Caribbean Airlines Limited -- http://www.caribbean-airlines.com/
-- provides passenger airline services in the Caribbean, South
America, and North America.  The company also offers freighter
services for perishables, fish and seafood, live animals, human
remains, and dangerous goods.  In addition, it operates a duty
free store in Trinidad.  Caribbean Airlines Limited was founded in
2006 and is based in Piarco, Trinidad and Tobago.

                           *     *     *

As reported in the Troubled Company Reporter-Latin America on May
20, 2013, Caribbean360.com said that Trinidad and Tobago Finance
Minister Larry Howai said Caribbean Airlines Limited recorded
losses estimated at US$70 million in 2012.  In 2011, CAL had
recorded losses of US43.7 million.


=============
U R U G U A Y
=============


* URUGUAY: To Get US$132.6MM IDB Loan to Finance Wind Farms
-----------------------------------------------------------
The Inter-American Development Bank (IDB) approved a private
sector loan for up to US$132.6 million to partially finance the
construction of the Carape I and II wind farms in Uruguay.  The
IDB financing includes US$88.4 million from the Bank's ordinary
capital and US$44.2 million from the China Co-financing Fund for
Latin America and the Caribbean, which was established by the
Chinese government to co-finance IDB projects in the region.

The project's objectives are to contribute to the diversification
of Uruguay's energy matrix through the generation of approximately
364,700 MWh of renewable energy annually, which represents the
average electricity consumption of more than 158,000 people.  In
addition, the project will help to mitigate the vulnerability of
the country's electricity sector to variations in hydrologic
conditions and reduce CO2 emissions by an average of 259,000 tons
annually through the substitution of fossil fuels with renewable
energy.

"The long-term financing approved by the IDB is key to the
development of Carape I and II, which will contribute
substantially to the success of the Uruguay project," said Gian
Franco Carassale, IDB project team leader.

"The funding provided to Carape I and II will support the addition
of 90 MW of wind energy in the country and emphasizes the IDB's
strong commitment to supporting Uruguay's efforts to develop non-
traditional renewable energy," said Jean-Marc Aboussouan, chief of
the Infrastructure Division of the Bank's Structured and Corporate
Finance Department.

The project will be developed by Vengano S.A. and Fingano S.A.,
special purpose companies owned by Corporacion America S.A. and
Contreras Hermano S.A. of Argentina, and Constructora San Jose
S.A. of Spain.

Some 60 percent of Uruguay's energy matrix is produced by
hydroelectric power, 38 percent by thermal generation based on
fossil fuels, and the remainder by biomass and wind energy.

The Structured and Corporate Finance Department (SCF) leads all
IDB non-sovereign guarantee operations for large-scale projects,
involving companies and financial institutions with third-party
resources through partnering with commercial banks, institutional
investors, co-guarantors, and other co-financing entities in
projects with high developmental impact.


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


BOND PRICING: For the Week From Oct. 21 to Oct. 25, 2013
--------------------------------------------------------

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

Argentine Government
Int'l Bond                     8.28    12/31/2033   USD    65
Argentine Government
Int'l Bond                     7.82    12/31/2033   EUR    63
Argentine Government
Int'l Bond                     7.82    12/31/2033   EUR    62.5
Argentine Government
Int'l Bond                     8.28    12/31/2033   USD    63.5

Provincia de Buenos
Aires/Argentina                9.625    4/18/2028   USD    67.691

Empresa Distribuidora Y
Comercializadora Norte         9.75    10/25/2022   USD    52

Capex SA                      10        3/10/2018   USD    71.25

Banco Macro SA                 9.75    12/18/2036   USD    76.9
Transener SA                   9.75     8/15/2021   USD    52.78
Argentina Boden Bonds          2        9/30/2014   ARS     8.49
Argentina Bonar Bonds         20.6633   1/30/2014   ARS    11.27

Argentine Government
Int'l Bond                     1.18    12/31/2038   ARS     4.96

Cia Latinoamericana
de Infraestructura & Servic    9.5     12/15/2016   USD    65

Inversora de Electrica
de Buenos Aires SA             6.5      9/26/2017   USD    33.875

Argentine Government
Int'l Bond                     8.28    12/31/2033   USD    64

Empresa Distribuidora
Y Comercializadora Norte      10.5      10/9/2017   USD    53
Argentine Government
Int'l Bond                    8.28     12/31/2033  USD     64.125

Argentina Bocon               2         3/15/2014  ARS      3.53
Banco Macro SA                9.75     12/18/2036  USD     76.25
Capex SA                     10         3/10/2018  USD     73.375
Argentina Bocon               2          1/3/2016  ARS      7.92
Argentina Bocon               2         3/15/2024  ARS     15.56

Argentine Government
Int'l Bond                    7.82     12/31/2033  ARS     45

MetroGas SA                   8.875    12/31/2018  EUR     68.75

Empresa Distribuidora
Y Comercializadora Norte      9.75     10/25/2022  USD     51.25

Argentine Government
Int'l Bond                    4.33     12/31/2033  USD     35

Provincia de Buenos
Aires/Argentina               9.625     4/18/2028  JPY     68
Transener SA                  9.75      8/15/2021  USD     50
Banco Macro SA                9.75     12/18/2036  USD     75
Argentine Government
Int'l Bond                   0.45     12/31/2038  USD     8

Argentine Government
Int'l Bond                    4.33     12/31/2033  JPY     35

MetroGas SA                   8.875    12/31/2018  JPY     65.375

Banco Hipotecario SA          3.95      8/14/2017  USD     69.75
Provincia del Chaco           4         12/4/2026  USD     31.375
Formosa Province of Argentina 5         2/27/2022  USD     68.25
Provincia del Chaco           4         11/4/2023  USD     59.875
Argentine Republic
Government International Bon  5.83     12/31/2033  USD     21.65
BR Cia Energetica
de Sao Paulo                  9.75      1/15/2015  ARS     67.234

Gol Finance                   8.75                 USD     63.5

Sifco SA                     11.5        6/6/2016  USD     47.125

Gol Finance                   8.75                 USD     62
SMU SA                        7.75       2/8/2020  USD     66
SMU SA                        7.75       2/8/2020          63.2
Cia Sud Americana
de Vapores SA                 6.4       10/1/2022  USD     64.7677
Talca Chillan Sociedad
Concesionaria SA              2.75     12/15/2019  CLP     61.2163

Almendral
Telecomunicaciones SA         3.5      12/15/2014  CLP     33.1948
Cia Cervecerias Unidas SA     4         12/1/2024  CLP     59.3633

Empresa de Transporte
de Pasajeros Metro SA         5.5       7/15/2027  CLP     3.69218

Aguas Andinas SA              4.15      12/1/2026  CLP     72.9238

Hidili Industry
International                 8.625     11/4/2015  USD     74.75
Development Ltd

Renhe Commercial
Holdings Co Ltd              13         3/10/2016  USD     62.55

Renhe Commercial
Holdings Co Ltd              11.75      5/18/2015  USD     67.507

China Forestry
Holdings Co Ltd              10.25     11/17/2015  USD     36.375

Renhe Commercial
Holdings Co Ltd              13         3/10/2016  USD     61.75
Hidili Industry

International Development    8.625     11/4/2015  USD      72.75
Ltd

China Forestry
Holdings Co Ltd             10.25     11/17/2015  USD      36.375

Renhe Commercial
Holdings Co Ltd             11.75      5/18/2015  USD      67.625

Global A&T
Electronics Ltd             10          2/1/2019  USD      68.125

Global A&T Electronics
Ltd                         10          2/1/2019  USD      68.375

Bank Austria
Creditanstalt
Finance Cayman Ltd        1.614                   EUR       56.95

BCP Finance Co Ltd        5.543                   EUR      28.875

BES Finance Ltd           5.58                    EUR      61.7

Bank Austria Creditanstalt
Finance Cayman Ltd2       1.838                   EUR      56.827

ESFG International Ltd    5.753                  EUR       50.75
BCP Finance Co Ltd        4.239                  EUR       28.767
BES Finance Ltd           4.5                    EUR       56.438
Caixa Geral De
Depositos Finance         1.021                  EUR       30.55
Banif Finance Ltd         1.591                  EUR       44

Banco Finantia
International Ltd         2.475      7/26/2017   EUR       44.05

BES Finance Ltd           3.058                  EUR       73.875

ERB Hellas Cayman
Islands Ltd              9            3/8/2019   EUR       42.125
BCP Finance Bank Ltd     5.31       12/10/2023   EUR       67.5
BCP Finance Bank Ltd     5.01        3/31/2024   EUR       64.625

Banco BPI SA/
Cayman Islands           4.15       11/14/2035   EUR       45.625

Mongolian Mining Corp    8.875       3/29/2017   USD       74.75
Puerto Rico Conservation 6.5          4/1/2016   PR        53

Petroleos de
Venezuela SA             9.75        5/17/2035   USD       73.25

Petroleos de
Venezuela SA             5.375       4/12/2027   USD       55

Venezuela Government
International Bond       8.25       10/13/2024   USD       70.5

Venezuela Government
International Bond       9.25         5/7/2028   USD       74.5

Petroleos de
Venezuela SA             5.5         4/12/2037   USD       54.25

Venezuela Government
International Bond       6           12/9/2020   USD       69.75

Venezuela Government
International Bond       7           3/31/2038   USD       62.25

Venezuela Government
International Bond       7.65        4/21/2025   USD       67.5

Petroleos de
Venezuela SA             9.75        5/17/2035   USD       72.5

Bolivarian Republic
of Venezuela             7           3/31/2038   USD       62.157


                            ***********


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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