TCRLA_Public/131108.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

            Friday, November 8, 2013, Vol. 14, No. 222


                            Headlines



B R A Z I L

OSX BRASIL: Confirms Loan Extension
* BRAZIL: To Get US$16.45MM IDB Loan to Support Data Research


C A Y M A N  I S L A N D S

A2CT2 SYSTEMATIC: Shareholders' Final Meeting Set for Nov. 12
CRESCENT GLOBAL: Shareholder to Hear Wind-Up Report on Nov. 29
HENRI CAPITAL: Shareholder to Hear Wind-Up Report on Nov. 29
MS SHOE: Members' Final Meeting Set for Nov. 18
MS SHOE II: Members' Final Meeting Set for Nov. 18

PENDANT OFFSHORE: Shareholder to Hear Wind-Up Report on Nov. 21
PINEBANK ADVANTAGE: Members' Final Meeting Set for Nov. 18
PINEBANK MASTER: Members' Final Meeting Set for Nov. 18
SCIENS AQUA: Shareholder to Hear Wind-Up Report on Nov. 29
SCIENS MASTER: Shareholder to Hear Wind-Up Report on Nov. 29

SCIENS NATURAL: Shareholder to Hear Wind-Up Report on Nov. 29
TALADROS Y EQUIPOS: Shareholders' Final Meeting Set for Nov. 20
TRITON 220: Members' Final Meeting Set for Nov. 12
TRITON 290: Members' Final Meeting Set for Nov. 12
TRITON 320: Members' Final Meeting Set for Nov. 12

TRITON 525: Members' Final Meeting Set for Nov. 12


M E X I C O

DESARROLLADORA HOMEX: Did Not Make Interest Payment on 2019 Notes


                            - - - - -


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B R A Z I L
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OSX BRASIL: Confirms Loan Extension
-----------------------------------
Luciana Magalhaes at Daily Bankruptcy News reports that Brazilian
naval construction company OSX Brasil SA confirmed in a regulatory
filing that state-run bank Caixa Economica Federal has agreed to
roll over for 12 months a loan worth BRL461 million (US$202
million).

A Troubled Company Reporter-Latin America report on Oct. 25, 2013,
citing Daily Bankruptcy Review, related that that an unnamed
spokesman for OSX Brasil SA said Brazilian state-run bank Caixa
Economica Federal and OSX were 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.  OGX Petroleo has filed for bankruptcy
protection in a Rio de Janeiro court.  OSX said on Oct. 31 it may
file for bankruptcy if management so decides, notes a TCR report
on Nov. 4, 2013, citing Daily Bankruptcy Review.

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.


* BRAZIL: To Get US$16.45MM IDB Loan to Support Data Research
-------------------------------------------------------------
The Forest Investment Program (FIP) Sub Committee, held in
Washington DC, has approved US$16.45 million that will support an
initiative for forest and climate information gathering and
systematization in Brazil.  The project's objective is to generate
and disseminate forest information to support public and private
sectors in management initiatives aimed at the conservation and
enhancement of carbon stocks and forest resources in the Cerrado
area.

The Cerrado Is a large tropical savannah ecoregion in Brazil that
accounts for 22 per cent of the of the country's extension with
almost 2 million km2, and which includes vast areas in the states
of Goias, Mato Grosso, Mato Grosso do Sul, Tocantins, Minas
Gerais, Bahia, Maranhao, Piaui, Sao Paulo and Parana.

The Cerrado biome is characterized by high concentrations of
carbon and its rich biodiversity.  However, the area has been
subject to the threat posed by the expansion of extensive
agriculture, particularly soy, and charcoal production.

"The generation of standardized and systematic forest information
represents a key input for more careful decision making by the
public and private sectors, in relation to the sustainable use of
forest resources from a climate perspective and as tool to promote
avoided deforestation and prevent loss of carbon stocks" said
Walter Vergara, Chief of the Climate Change and Sustainability
Division of the IDB.

The project will include three main components, including the
implementation of the National Forest Inventory (NFI) of the
Cerrado biome, the consolidation of the National Forest
Information System (NFIS), and activities to monitor the results
of the project.

This project is the first that will be implemented as part of the
Brazilian Investment Plan prepared by the Government of Brazil in
collaboration with the Inter-American Development Bank.


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


A2CT2 SYSTEMATIC: Shareholders' Final Meeting Set for Nov. 12
-------------------------------------------------------------
The shareholders of A2CT2 Systematic Funds, SPC will hold their
final meeting on Nov. 12, 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:

          Managementplus (Cayman) Limited
          c/o Frank Balderamos
          Buckingham Square, 2nd Floor
          West Bay Road
          P.O. Box 11735 Grand Cayman, KY1-1009
          Cayman Islands
          Telephone: (345) 925 5976
          E-mail: frank.balderamos@mplgroup.com


CRESCENT GLOBAL: Shareholder to Hear Wind-Up Report on Nov. 29
--------------------------------------------------------------
The shareholder of Crescent Global Investment Partnership, Ltd.
will receive on Nov. 29, 2013, at 11:45 a.m., the liquidator's
report on the company's wind-up proceedings and property disposal.

The company's liquidator is:

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


HENRI CAPITAL: Shareholder to Hear Wind-Up Report on Nov. 29
------------------------------------------------------------
The shareholder of Henri Capital (Cayman) Limited will receive on
Nov. 29, 2013, at 11:30 a.m., the liquidator's report on the
company's wind-up proceedings and property disposal.

The company's liquidator is:

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


MS SHOE: Members' Final Meeting Set for Nov. 18
-----------------------------------------------
The members of MS Shoe Limited will hold their final meeting on
Nov. 18, 2013, to receive the liquidator's report on the company's
wind-up proceedings and property disposal.

The company's liquidator is:

          CDL Company Ltd.
          P.O. Box 31106
          Grand Cayman KY1-1205
          Cayman Islands


MS SHOE II: Members' Final Meeting Set for Nov. 18
--------------------------------------------------
The members of MS Shoe II Limited will hold their final meeting on
Nov. 18, 2013, to receive the liquidator's report on the company's
wind-up proceedings and property disposal.

The company's liquidator is:

          CDL Company Ltd.
          P.O. Box 31106
          Grand Cayman KY1-1205
          Cayman Islands


PENDANT OFFSHORE: Shareholder to Hear Wind-Up Report on Nov. 21
---------------------------------------------------------------
The shareholder of Pendant Offshore Fund Ltd will receive on
Nov. 21, 2013, at 10:00 a.m., the liquidator's report on the
company's wind-up proceedings and property disposal.

The company's liquidator is:

          Ogier
          c/o Jo-Anne Maher
          Telephone: (345) 815 1762
          Facsimile: (345) 949 9877


PINEBANK ADVANTAGE: Members' Final Meeting Set for Nov. 18
----------------------------------------------------------
The members of Pinebank Advantage Fund, Ltd will hold their final
meeting on Nov. 18, 2013, to receive the liquidator's report on
the company's wind-up proceedings and property disposal.

The company's liquidator is:

          CDL Company Ltd.
          P.O. Box 31106
          Grand Cayman KY1-1205
          Cayman Islands


PINEBANK MASTER: Members' Final Meeting Set for Nov. 18
-------------------------------------------------------
The members of Pinebank Advantage Master Fund, Ltd. will hold
their final meeting on Nov. 18, 2013, to receive the liquidator's
report on the company's wind-up proceedings and property disposal.

The company's liquidator is:

          CDL Company Ltd.
          P.O. Box 31106
          Grand Cayman KY1-1205
          Cayman Islands


SCIENS AQUA: Shareholder to Hear Wind-Up Report on Nov. 29
----------------------------------------------------------
The shareholder of Sciens Aqua International Feeder Fund Ltd. will
receive on Nov. 29, 2013, at 10:15 a.m., the liquidator's report
on the company's wind-up proceedings and property disposal.

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


SCIENS MASTER: Shareholder to Hear Wind-Up Report on Nov. 29
------------------------------------------------------------
The shareholder of Sciens Aqua Master Fund Ltd. will receive on
Nov. 29, 2013, at 10:30 a.m., the liquidator's report on the
company's wind-up proceedings and property disposal.

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


SCIENS NATURAL: Shareholder to Hear Wind-Up Report on Nov. 29
-------------------------------------------------------------
The shareholder of Sciens Natural Resources Fund will receive on
Nov. 29, 2013, at 10:45 a.m., the liquidator's report on the
company's wind-up proceedings and property disposal.

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


TALADROS Y EQUIPOS: Shareholders' Final Meeting Set for Nov. 20
---------------------------------------------------------------
The shareholders of Taladros Y Equipos De Perforacion De Colombia,
Ltd. will hold their final meeting on Nov. 20, 2013, at
11:00 a.m., to receive the liquidator's report on the company's
wind-up proceedings and property disposal.

The company's liquidator is:

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


TRITON 220: Members' Final Meeting Set for Nov. 12
--------------------------------------------------
The members of Triton 220 Ltd will hold their final meeting on
Nov. 12, 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:

          Gene Dacosta
          Telephone: (345) 814 7765
          Facsimile: (345) 945 3902
          P.O. Box 2681 Grand Cayman KY1-1111
          Cayman Islands


TRITON 290: Members' Final Meeting Set for Nov. 12
--------------------------------------------------
The members of Triton 290 Ltd will hold their final meeting on
Nov. 12, 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:

          Gene Dacosta
          Telephone: (345) 814 7765
          Facsimile: (345) 945 3902
          P.O. Box 2681 Grand Cayman KY1-1111
          Cayman Islands


TRITON 320: Members' Final Meeting Set for Nov. 12
--------------------------------------------------
The members of Triton 320 Ltd will hold their final meeting on
Nov. 12, 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:

          Gene Dacosta
          Telephone: (345) 814 7765
          Facsimile: (345) 945 3902
          P.O. Box 2681 Grand Cayman KY1-1111
          Cayman Islands


TRITON 525: Members' Final Meeting Set for Nov. 12
--------------------------------------------------
The members of Triton 525 Ltd will hold their final meeting on
Nov. 12, 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:

          Gene Dacosta
          Telephone: (345) 814 7765
          Facsimile: (345) 945 3902
          P.O. Box 2681 Grand Cayman KY1-1111
          Cayman Islands


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


DESARROLLADORA HOMEX: Did Not Make Interest Payment on 2019 Notes
-----------------------------------------------------------------
Desarrolladora Homex, S.A.B. de C.V. did not make the payment of
interest due on its 9.500% Senior Guaranteed Notes due Dec. 11,
2019, and is taking advantage of the 30-day grace period under the
indenture pursuant to which such notes were issued.

Desarrolladora Homex, S.A.B. de C.V. is a Mexican construction and
real estate company engaged in the development, construction and
sale of entry-level and middle-income housing in Mexico and
Brazil.  Founded in Culiacan, the state capital of Sinaloa in
1989, the company started operations developing commercial areas
gradually focusing on design, construction and commercialization
of homes.  The company is headquartered in Culiacan, Mexico.

                          *     *     *

As reported in the Troubled Company Reporter on Aug. 6, 2013,
Moody's de Mexico downgraded Desarrolladora Homex, S.A.B. de
C.V.'s national scale issuer rating to C.mx from Ca.mx (global
scale, local currency rating to C from Ca). This concludes Moody's
review.


                            ***********


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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