/raid1/www/Hosts/bankrupt/TCRLA

/raid1/www/Hosts/bankrupt/TCRLA_Public/160822.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, August 22, 2016, Vol. 17, No. 165 Headlines C A Y M A N I S L A N D S ANDOR OPPORTUNITY: Placed Under Voluntary Wind-Up ANDOR OPPORTUNITY MASTER: Placed Under Voluntary Wind-Up ASIA PRINTERS: Creditors' Proofs of Debt Due Sept. 15 BANCO PRIVADO: Court Appoints Shakespeare as Liquidator DINVEST CONCENTRATED: Creditors' Proofs of Debt Due Sept. 15 EXPERIENCE CORPORATION: Commences Liquidation Proceedings GPC XXXVII: Creditors' Proofs of Debt Due Sept. 12 GUGGENHEIM ADVISORS: Creditors' Proofs of Debt Due Sept. 12 GUGGENHEIM PORTFOLIO VIII: Creditors' Proofs of Debt Due Sept. 12 GUGGENHEIM PORTFOLIO XXXVI: Creditors' Proofs of Debt Due Sept. 12 TIGER GLOBAL: Placed Under Voluntary Wind-Up TIGER GLOBAL VI: Placed Under Voluntary Wind-Up J A M A I C A JAMAICA: To Strengthen Initiatives for Banking Relationships JAMAICA: Economic Growth is Recovering Gradually, IMF Says P U E R T O R I C O DORAL FINANCIAL: Panel Seeks Approval of FDIC Settlement GLOBAL COMMODITY: Disclosure Statement Hearing Moved to Sept. 14 NIKAI PR: Hires Ruben Gonzalez as Attorney WANDA ORTIZ CARRERAS: Amended Plan to Pay 42% to Unsecureds S U R I N A M E SURINAME: Restoring Macroeconomic Stability Requires Great Effort V E N E Z U E L A VENEZUELA: Condemns 'Bold Threats' From Paraguay X X X X X X X X X * BOND PRICING: For the Week From Aug. 15 to Aug. 19, 2016 - - - - - ========================== C A Y M A N I S L A N D S ========================== ANDOR OPPORTUNITY: Placed Under Voluntary Wind-Up ------------------------------------------------- On Aug. 3, 2016, the sole shareholder of Andor Opportunity Offshore Fund Ltd resolved to voluntarily wind up the company's operations. Creditors are required to file their proofs of debt to be included in the company's dividend distribution. The company's liquidator is: Andor Capital Management, LLC c/o Joanne Huckle Telephone: +1 (345) 949 9876 Facsimile: +1 (345) 949-9877 89 Nexus Way, Camana Bay Grand Cayman KY1-9009 Cayman Islands ANDOR OPPORTUNITY MASTER: Placed Under Voluntary Wind-Up -------------------------------------------------------- On Aug. 3, 2016, the sole shareholder of Andor Opportunity Master Fund Ltd resolved to voluntarily wind up the company's operations. Creditors are required to file their proofs of debt to be included in the company's dividend distribution. The company's liquidator is: Andor Capital Management, LLC c/o Joanne Huckle Telephone: +1 (345) 949 9876 Facsimile: +1 (345) 949-9877 89 Nexus Way, Camana Bay Grand Cayman KY1-9009 Cayman Islands ASIA PRINTERS: Creditors' Proofs of Debt Due Sept. 15 ----------------------------------------------------- The creditors of Asia Printers Group Ltd. are required to file their proofs of debt by Sept. 15, 2016, to be included in the company's dividend distribution. The company commenced liquidation proceedings on July 20, 2016. The company's liquidator is: Simon Conway c/o Sarah Moxam P.O. Box 258 Grand Cayman KY1-1104 Cayman Islands Telephone: (345) 914 8634 Facsimile: (345) 945 4237 BANCO PRIVADO: Court Appoints Shakespeare as Liquidator ------------------------------------------------------- On July 13, 2016, the Grand Court of Cayman Islands appointed Jess Shakespeare as liquidator of Banco Privado Portugues (Cayman) Ltd. Furthermore, David A. K. Walker was released as the company's liquidator. The company's liquidator is: Simon Conway c/o Jodi Jones Telephone: (345) 914-8694 Facsimile: (345) 945-4237 P.O. Box 258 Grand Cayman KY1-1104 Cayman Islands DINVEST CONCENTRATED: Creditors' Proofs of Debt Due Sept. 15 ------------------------------------------------------------ The creditors of Dinvest Concentrated Opportunities Realization Ltd. are required to file their proofs of debt by Sept. 15, 2016, to be included in the company's dividend distribution. The company commenced liquidation proceedings on July 22, 2016. The company's liquidator is: Stuart Sybersma c/o Christopher Yeramian Deloitte & Touche Citrus Grove Building, 4th Floor, Goring Avenue George Town KY1-1109 Cayman Islands Telephone: +1 (345) 814 3469 Facsimile: +1 (345) 949 8258 EXPERIENCE CORPORATION: Commences Liquidation Proceedings --------------------------------------------------------- On Aug. 2, 2016, the shareholders of Experience Corporation 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: Shuangdi Xiang c/o Fiona C. Orient Century Building, 16th Floor, Room 1611 No.345, Xianxia Road 200336 Shanghai China Telephone: (86 21) 5108 7509 Facsimile: (86 21) 5168 5710 GPC XXXVII: Creditors' Proofs of Debt Due Sept. 12 -------------------------------------------------- The creditors of GPC XXXVII (Cayman) Ltd. are required to file their proofs of debt by Sept. 12, 2016, to be included in the company's dividend distribution. The company commenced wind-up proceedings on Aug. 1, 2016. The company's liquidator is: Jean Ebanks c/o Jane Fleming or Jean Ebanks P.O. Box 30464 Grand Cayman KY1-1202 Cayman Islands Telephone: (345) 945-2187 Facsimile: (345) 945-2197 GUGGENHEIM ADVISORS: Creditors' Proofs of Debt Due Sept. 12 ----------------------------------------------------------- The creditors of Guggenheim Advisors EOF (Cayman) Ltd. are required to file their proofs of debt by Sept. 12, 2016, to be included in the company's dividend distribution. The company commenced wind-up proceedings on Aug. 1, 2016. The company's liquidator is: Jean Ebanks c/o Jane Fleming or Jean Ebanks P.O. Box 30464 Grand Cayman KY1-1202 Cayman Islands Telephone: (345) 945-2187 Facsimile: (345) 945-2197 GUGGENHEIM PORTFOLIO VIII: Creditors' Proofs of Debt Due Sept. 12 ----------------------------------------------------------------- The creditors of Guggenheim Portfolio Company VIII (Cayman) Ltd. are required to file their proofs of debt by Sept. 12, 2016, to be included in the company's dividend distribution. The company commenced wind-up proceedings on Aug. 1, 2016. The company's liquidator is: Jean Ebanks c/o Jane Fleming or Jean Ebanks P.O. Box 30464 Grand Cayman KY1-1202 Cayman Islands Telephone: (345) 945-2187 Facsimile: (345) 945-2197 GUGGENHEIM PORTFOLIO XXXVI: Creditors' Proofs of Debt Due Sept. 12 ------------------------------------------------------------------ The creditors of Guggenheim Portfolio Company XXXVI (Cayman) Ltd. are required to file their proofs of debt by Sept. 12, 2016, to be included in the company's dividend distribution. The company commenced wind-up proceedings on Aug. 1, 2016. The company's liquidator is: Jean Ebanks c/o Jane Fleming or Jean Ebanks P.O. Box 30464 Grand Cayman KY1-1202 Cayman Islands Telephone: (345) 945-2187 Facsimile: (345) 945-2197 TIGER GLOBAL: Placed Under Voluntary Wind-Up -------------------------------------------- On July 20, 2016, the sole member of Tiger Global Asia Holdings, Ltd. resolved to voluntarily wind up the company's operations. Creditors are required to file their proofs of debt to be included in the company's dividend distribution. The company's liquidator is: Gregory Seidell c/o Campbells Willow House, Cricket Square, Floor 4 Grand Cayman KY1-1103 Cayman Islands Telephone: +1 (345) 949 2648 Facsimile: +1 (345) 949 8613 TIGER GLOBAL VI: Placed Under Voluntary Wind-Up ----------------------------------------------- On July 20, 2016, the sole member of Tiger Global Asia Holdings VI, Ltd. resolved to voluntarily wind up the company's operations. Creditors are required to file their proofs of debt to be included in the company's dividend distribution. The company's liquidator is: Gregory Seidell c/o Campbells Willow House, Cricket Square, Floor 4 Grand Cayman KY1-1103 Cayman Islands Telephone: +1 (345) 949 2648 Facsimile: +1 (345) 949 8613 ============= J A M A I C A ============= JAMAICA: To Strengthen Initiatives for Banking Relationships ------------------------------------------------------------ RJR News reports that Prime Minister Andrew Holness said the Government is strengthening initiatives to tackle the threat of international banks ending their correspondent banking relationships with local financial institutions. In order to reduce risks and be in compliance with international regulations, particularly relating to criminal activity, such as money laundering, fraud and terrorist financing, international banks have threatened to cut ties with banks in the region in a de-risking move, according to RJR News. Minister Holness said he considers the issue a clear and present danger and noted that the Government is working assiduously to lobby banking counterparts in the United States, as well as engage local banks on ways to mitigate the threat, the report notes. "Once we have complied, I think the overseas regulators should ensure that those who comply are rewarded. That we are taken off whatever watch list and that we are allowed access. For us to operate as legitimate banking institutions that comply to international standards," said Minister Holness during a news conference, the report relays. * * * As reported in the Troubled Company Reporter-Latin America on Feb. 15, 2016, Fitch Ratings has upgraded Jamaica's Long-term foreign and local currency IDRs to 'B' from 'B-' and revised the Rating Outlooks to Stable from Positive. In addition, Fitch upgraded Jamaica's senior unsecured Foreign- and Local-Currency bonds to 'B' from 'B-'. The Country Ceiling has been affirmed at 'B' and the Short- Term Foreign-Currency IDR affirmed at 'B'. JAMAICA: Economic Growth is Recovering Gradually, IMF Says ---------------------------------------------------------- An International Monetary Fund (IMF) mission led by Ms. Uma Ramakrishnan visited Jamaica during August 9-19, 2016, to conduct discussions on the thirteenth Review of Jamaica's IMF-supported program under the Extended Fund Facility (EFF). At the end of the visit, IMF Mission Chief, Ms. Ramakrishnan issued the following statement in Kingston: "The IMF team reached a preliminary agreement with the authorities on a set of policies that aims at completing the thirteenth Review under the EFF. Consideration by the IMF's Executive Board is tentatively scheduled for September 2016. Upon approval, SDR 28.32 million (about US$40 million) would be made available to Jamaica. "Economic growth in Jamaica is recovering gradually. Growth in FY2015/16 has been revised up to 1 percent, driven by agriculture and manufacturing. Growth is expected to reach 1.7 percent in FY2016/17, as ongoing investments, including in tourism, crystallize and agriculture continues its strong recovery. Inflation remains low, and gross international reserves continue to increase, reaching almost US$3 billion at end-July. Unemployment, however, remains high at 13.7 percent, partly reflecting an expansion in the labor force. "Program implementation under the EFF remains strong-all quantitative performance targets through end-June were met, with tax revenues exceeding expectations, and structural reforms are well in train. "Continued strong implementation of the government's growth strategy is essential to support job creation and poverty alleviation. In this context, strengthening the social safety net will be essential to shield the poor and vulnerable from any adverse effects due to the shift from direct to indirect taxation. The mission also underscores the importance of ongoing reforms in the public sector to achieve efficiency gains. "The mission welcomes the authorities' recent proactive and successful liability management operation which helped reduce refinancing risk in 2017 through 2019. In order to further minimize concentration and refinancing risks, it is necessary to develop a comprehensive strategy for liability management. "The mission also held preliminary discussions on the broad contours of a successor program after the current EFF expires in April 2017. Discussions are expected to continue in the months ahead. "The mission team met with The Most Honorable, Prime Minister Andrew Holness, Finance Minister Shaw, Bank of Jamaica Governor Wynter, State Minister Williams, Financial Secretary MacFarlane, senior government officials, as well as members of the private sector and civil society. The mission would like to thank the Jamaican authorities, various stakeholders, and technical staff, for their cooperation." * * * As reported in the Troubled Company Reporter-Latin America on Feb. 15, 2016, Fitch Ratings has upgraded Jamaica's Long-term foreign and local currency IDRs to 'B' from 'B-' and revised the Rating Outlooks to Stable from Positive. In addition, Fitch upgraded Jamaica's senior unsecured Foreign- and Local-Currency bonds to 'B' from 'B-'. The Country Ceiling has been affirmed at 'B' and the Short- Term Foreign-Currency IDR affirmed at 'B'. ====================== P U E R T O R I C O ====================== DORAL FINANCIAL: Panel Seeks Approval of FDIC Settlement -------------------------------------------------------- BankruptcyData.com reported that Doral Financial (DFC), Doral Properties and the official committee of unsecured creditors filed with the U.S. Bankruptcy Court a joint motion to approve a settlement with the Federal Deposit Insurance Corporation in its capacity as receiver for Doral Bank Puerto Rico (FDIC-R) and related parties. The motion explains, "From early in these bankruptcy cases, one of the major issues has been the treatment of the myriad claims filed by the Debtors against the Doral Bank Puerto Rico ('Doral Bank') receivership and by the FDIC-R against the Debtors in their bankruptcy cases. In addition, given the past corporate relationship between these entities, the Debtors and the FDICR also have asserted competing ownership claims to a variety of assets. Absent settlement, these claims and asset ownership disputes would result in lengthy, complex, and expensive litigation." The motion further notes, "The Settlement Agreement provides the Debtors' estates with the following benefits: the settlement of the FDIC-R's servicing- related claims and allowance of the Doral Bank POC for significantly reduced amounts, solely to the extent of: an administrative expense claim of $700,000; and an unsecured claim of $4,250,000. DFC's entitlement to 100% of any recoveries up to $20 million on account of the Tax Assets, and 80% of any recoveries in excess of $20 million; DFC's entitlement to 80% of any recoveries on account of the DFC Overpayment; DFC's retention of 100% of the net proceeds of the sale of the OA Parking Lot (approximately $1.5 million); the disallowance of the Doral Recovery II POC; reservation of each of the parties' rights with respect to the proceeds of directors and officers insurance policies historically maintained by the DFC Group; mutual releases; and cessation and dismissal of the pending litigations." The Court scheduled a Sept. 7, 2016 hearing on the motion, with objections due by Aug. 26, 2016. About Doral Financial Corp. Doral Financial Corp. (the "DFC") is a holding company whose primary operating asset was equity in Doral Bank. DFC maintains offices in New York City, Coral Gables, Florida and San Juan, Puerto Rico. The company has three wholly-owned subsidiaries: Doral Properties, Inc., Doral Insurance Agency, LLC, and Doral Recovery, Inc. On Feb. 27, 2015, regulators placed Doral Bank into receivership and named the Federal Deposit Insurance Corp. as receiver. Doral Bank served customers through 26 branches located in New York, Florida, and Puerto Rico. DFC sought Chapter 11 protection (Bankr. S.D.N.Y. Case No. 15-10573) in Manhattan on March 11, 2015. The case is assigned to Judge Shelley C. Chapman. It estimated $50 million to $100 million in assets and $100 million to $500 million in debt as of the bankruptcy filing. GLOBAL COMMODITY: Disclosure Statement Hearing Moved to Sept. 14 ---------------------------------------------------------------- U.S. Bankruptcy Judge Brian K. Tester said the hearing for Aug. 24, 2016, to consider the Disclosure Statement accompanying Global Commodity Group, Inc.'s Chapter 11 plan is rescheduled for Sept. 14 at 9:00 a.m. at the U.S. Bankruptcy Court, Jose V. Toledo Federal Building and U.S. Courthouse, 300 Del Recinto Sur, Courtroom No. 1, Second Floor, San Juan, Puerto Rico. Global Commodity Group, Inc., filed a Chapter 11 bankruptcy petition (Bankr. D.P.R. Case No. 15-08395) on Oct. 28, 2015, in San Juan, Puerto Rico. U.S. Bankruptcy Judge Brian K. Tester presides over the case. In its petition, the Debtor estimated under $50,000 in assets and under $10 million in liabilities. The petition was signed by Ramon L Nunez Freytes, president. The Debtor is represented by: Maria Soledad Lozada Figueroa, Esq. MS LOZADA LAW OFFICE PO BOX 9023888 San Juan, PR 00902 Tel: 787 520 6002 Fax: 787 520 6003 E-mail: lcdamslozada@gmail.com NIKAI PR: Hires Ruben Gonzalez as Attorney ------------------------------------------ Nikai PR, Corp., seeks authority from the U.S. Bankruptcy Court for the District of Puerto Rico to employ Ruben Gonzalez Marrero & Associates as attorney to the Debtor. Nikai PR requires Ruben Gonzalez to represent the Debtor in the bankruptcy proceeding. Ruben Gonzalez will be paid at an hourly rate of $275. He will also be paid the amount of $5,600 as retainer. Mr. Gonzalez will be reimbursed for reasonable out-of-pocket expenses incurred. Mr. Gonzalez, a member of Ruben Gonzalez Marrero & Associates, assured the Court that the firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code and does not represent any interest adverse to the Debtors and their estates. Ruben Gonzalez can be reached at: Ruben Gonzalez Marrero, Esq. RUBEN GONZALEZ MARRERO & ASSOCIATES Santa Rosa Bayamon, P.R. 00959 Tel: (787) 798-8600 E-mail: rgm@microjuris.com About Nikai PR Nikai PR, Corp. filed a Chapter 11 petition (Bankr. D.P.R. Case No. 16-06097) on July 30, 2016, and is represented by Ruben Gonzalez Marrero, Esq., at Ruben Gonzalez Marrero & Asociados. WANDA ORTIZ CARRERAS: Amended Plan to Pay 42% to Unsecureds ----------------------------------------------------------- Wanda Ortiz Carreras filed with the U.S. Bankruptcy Court for the District of Puerto Rico her First Amended Plan and Disclosure Statement dated as of August 8, 2016. The Debtor says the estimated distribution in a liquidation scenario would be of 38.1%, whereas her First Amended Plan proposes to distribute 42%. The Debtor's schedules of liabilities indicate that the secured claims total $1,573.444. Unsecured claims total including priority amounts total $989,524, and priority claims total $2,152. According to the Plan, general unsecured claims in Class 9 will be paid 42% of their claims within a period of 8 years from the effective date of the plan in monthly installments. In the previous iteration of the Plan, the claims will be paid 31%. The Plan notes that payments are not fixed. During the first five years of the plan, until governmental and secured claims are paid in full, the monthly disbursement to unsecured creditors will total $1,611, during the next two years the disbursements will total $2,820 per month, and during the last year $2,417 per month. A copy of the First Amended Disclosure Statement is available at: http://bankrupt.com/misc/prb14-03693-0149.pdf Wanda Ortiz Carreras filed for Chapter 11 bankruptcy protection (Bankr. D.P.R. Case No. 14-03693) on May 5, 2014, and is represented by: Teresa M. Lube Capo, Esq. LUBE & SOTO LAW OFFICES 1130 F.D. Roosevelt Ave. San Juan, PR 00920-2906 Tel: 722-0909 Fax: 977-1709 E-mail: lubeysoto@gmail.com =============== S U R I N A M E =============== SURINAME: Restoring Macroeconomic Stability Requires Great Effort ----------------------------------------------------------------- An International Monetary Fund (IMF) staff mission, led by Mr. Daniel Leigh, visited Paramaribo from August 8 to 18, to initiate discussions on the first review under Suriname's Stand-By Arrangement (SBA) with the IMF. At the conclusion of the visit, Mr. Leigh issued the following statement: "The IMF mission had constructive discussions with the authorities on policies needed to meet the objectives of Suriname's economic program supported by the SBA. We agreed with the authorities to continue discussions with a follow-up visit once further progress has been made in implementing the program. "Performance under the program has been mixed. The government has kept the fiscal deficit close to the programed path by restraining spending, and the authorities implemented a number of the planned reforms, including preparations for the introduction of the value added tax. However, the decisions to freeze fuel pump prices and partially reverse the increase in electricity prices, despite rising energy costs, have significantly reduced available government resources, and spending on social cash transfers has undershot envisaged levels. Finally, the limited nominal interest rate increases, despite a substantial rise in inflation, pose a risk to price stability. "Restoring macroeconomic stability will require great efforts from the Surinamese authorities as well as society as a whole. The decision in recent days to support tax revenues by assessing customs duties at the market exchange rate, and the restoration of SRD 0.2 in taxes per liter of fuel, are steps in the right direction. Nevertheless, significant additional increases in fuel taxes and electricity tariffs, as planned in the program, are essential to improve the fiscal situation and make space for better-targeted social spending. "On the monetary policy front, supporting a rise in local currency interest rates to positive levels in real terms is essential for stabilizing prices and exchange rate expectations, including through the use of the Central Bank of Suriname's upgraded monetary policy toolkit. Maintaining a flexible exchange rate remains vital to achieving the program's reserve accumulation objectives. "The team will now return to Washington DC to continue the technical work. Together with our Resident Representative in Paramaribo, we will remain in close contact with the Surinamese authorities throughout this process. The mission team is grateful for the authorities' close cooperation." ================= V E N E Z U E L A ================= VENEZUELA: Condemns 'Bold Threats' From Paraguay ------------------------------------------------ EFE News reports that Venezuela's Foreign Minister Delcy Rodriguez condemned what she called "bold threats" from her Paraguayan counterpart after he announced a "total freezing of relations." Paraguayan Foreign Minister Eladio Loizaga had announced that he would not return to Caracas indefinitely over what he called "rants" by Venezuelan President Nicolas Maduro, according to EFE News. "Venezuela will not allow itself to be threatened or succumb to the fear from those who choose to serve the empire rather than the people," Rodriguez tweeted in response," the report notes. "(Loizaga's) bold threats . . .. insult our heritage of independence and freedom." Earlier this month, President Maduro said Venezuela was being "persecuted" by "a corrupt Paraguayan oligarch and drug trafficker," referring to Paraguayan President Horacio Cartes, the report relays. Venezuela in political and economic crisis, facing severe shortages of basic goods has come under fire from its Latin American neighbors for allegedly failing to comply with the region's Democratic Charter, a binding document, notes the report. Earlier, Brazil accused Maduro of imposing an "authoritarian" regime on his country, the report relays. A group of 15 countries from the Organization of American States called on Venezuela to act "without delay" to clear the way for an election over whether to recall Maduro from office as a way out of its mounting crisis, the report adds. As reported in the Troubled Company Reporter-Latin America on July 5, 2016, Fitch Ratings affirmed Venezuela's Long-Term Foreign-and Local-Currency Issuer Default Ratings (LT FC/LC IDR) at 'CCC'. Fitch has also affirmed the sovereign's Short-Term Foreign Currency (ST FC) IDR at 'C' and country ceiling at 'CCC'. ================= X X X X X X X X X ================= * BOND PRICING: For the Week From Aug. 15 to Aug. 19, 2016 ---------------------------------------------------------- Issuer Name Cpn Price Maturity Country Curr ----------- --- ----- -------- ------- --- Andino Investment Holding 11 70.85 11/13/2020 PE USD Andino Investment Holding 11 68.88 11/13/2020 PE USD Anton Oilfield Services G 7.5 69.03 11/6/2018 CN USD Anton Oilfield Services G 7.5 66 11/6/2018 CN USD BA-CA Finance Cayman 2 Lt 0.719 38.5 KY EUR BA-CA Finance Cayman Ltd 0.749 38.93 KY EUR Banco do Brasil SA/Cayman 6.25 62.84 KY USD Banco do Brasil SA/Cayman 6.25 59.51 KY USD BPI Capital Finance Ltd 2.29 40 KY EUR CA La Electricidad de Car 8.5 43.75 4/10/2018 VE USD Chile Government Internat 3.625 15.7 10/30/2042 CL USD CSN Islands XI Corp 6.875 61.25 9/21/2019 KY USD CSN Islands XI Corp 6.875 61.13 9/21/2019 KY USD CSN Islands XII Corp 7 48.8 BR USD CSN Islands XII Corp 7 47.75 BR USD Decimo Primer Fideicomiso 4.54 59.75 10/25/2041 PA USD Decimo Primer Fideicomiso 6 71.38 10/25/2041 PA USD Ecuador Government Domest 8.45 70.8 2/6/2034 EC USD Ecuador Government Domest 8.45 69.35 9/10/2034 EC USD Ecuador Government Domest 8.45 70.42 4/2/2034 EC USD Ecuador Government Domest 8.45 69.72 7/17/2034 EC USD Ecuador Government Domest 8.45 69.71 5/30/2034 EC USD Ecuador Government Domest 8.45 69.23 9/30/2034 EC USD Ecuador Government Domest 8.45 70.52 3/19/2034 EC USD Ecuador Government Domest 7.75 74.84 12/19/2028 EC USD Ecuador Government Domest 8.45 69.94 6/12/2034 EC USD Ecuador Government Domest 8.45 69.95 6/11/2034 EC USD Ecuador Government Domest 8.45 69.82 7/1/2034 EC USD Ecuador Government Domest 7.7 73.56 7/1/2029 EC USD Ecuador Government Domest 7.7 72.94 9/10/2029 EC USD Ecuador Government Domest 7.75 74.95 11/8/2028 EC USD Ecuador Government Domest 7.7 73.74 6/11/2029 EC USD Ecuador Government Domest 7.7 73.73 6/12/2029 EC USD Ecuador Government Domest 7.7 72.77 9/30/2029 EC USD Empresa de Telecomunicaci 7 71.24 1/17/2023 CO COP Empresa de Telecomunicaci 7 71.24 1/17/2023 CO COP ESFG International Ltd 5.753 0.883 KY EUR General Exploration Partn 11.5 36.75 11/13/2018 CA USD General Shopping Finance 10 60.55 KY USD General Shopping Finance 10 60.63 KY USD Global A&T Electronics Lt 10 70.88 2/1/2019 SG USD Global A&T Electronics Lt 10 71.88 2/1/2019 SG USD Global A&T Electronics Lt 10 50.5 2/1/2019 SG USD Global A&T Electronics Lt 10 54 2/1/2019 SG USD Glorious Property Holding 13.25 74.56 3/4/2018 HK USD Gol Finance Inc 9.25 47.35 7/20/2020 BR USD Gol Finance Inc 8.75 37.75 BR USD Gol Finance Inc 7.5 61 4/3/2017 BR USD Gol Finance Inc 7.5 59.38 4/3/2017 BR USD Gol Finance Inc 7.5 59.38 4/3/2017 BR USD Gol Finance Inc 9.25 43.38 7/20/2020 BR USD Gol Finance Inc 8.75 36.88 BR USD Green Dragon Gas Ltd 10 63.75 11/20/2017 HK USD Greenfields Petroleum Cor 9 11.35 5/31/2017 US CAD Honghua Group Ltd 7.45 58.25 9/25/2019 CN USD Honghua Group Ltd 7.45 58 9/25/2019 CN USD Inversora Electrica de Bu 6.5 59.5 9/26/2017 AR USD MIE Holdings Corp 7.5 67.25 4/25/2019 HK USD MIE Holdings Corp 7.5 68.58 4/25/2019 HK USD NB Finance Ltd/Cayman Isl 3.38 60.22 2/7/2035 KY EUR Newland International Pro 9.5 24.13 7/3/2017 PA USD Newland International Pro 9.5 25.13 7/3/2017 PA USD Noble Holding Internation 6.2 65.42 8/1/2040 KY USD Noble Holding Internation 6.05 66.38 3/1/2041 KY USD Noble Holding Internation 5.25 64.71 3/15/2042 KY USD Ocean Rig UDW Inc 7.25 57.75 4/1/2019 CY USD Ocean Rig UDW Inc 7.25 55 4/1/2019 CY USD Odebrecht Drilling Norbe 6.35 27 6/30/2021 KY USD Odebrecht Drilling Norbe 6.35 28.5 6/30/2021 KY USD Odebrecht Finance Ltd 7.5 40 KY USD Odebrecht Finance Ltd 4.375 37.23 4/25/2025 KY USD Odebrecht Finance Ltd 7.125 33.5 6/26/2042 KY USD Odebrecht Finance Ltd 5.25 34.5 6/27/2029 KY USD Odebrecht Finance Ltd 5.125 36 6/26/2022 KY USD Odebrecht Finance Ltd 8.25 35 4/25/2018 KY BRL Odebrecht Finance Ltd 7 53.5 4/21/2020 KY USD Odebrecht Finance Ltd 6 41.51 4/5/2023 KY USD Odebrecht Finance Ltd 5.25 36 6/27/2029 KY USD Odebrecht Finance Ltd 4.375 36 4/25/2025 KY USD Odebrecht Finance Ltd 7.125 33.75 6/26/2042 KY USD Odebrecht Finance Ltd 7.5 42.5 KY USD Odebrecht Finance Ltd 8.25 35 4/25/2018 KY BRL Odebrecht Finance Ltd 5.125 35.38 6/26/2022 KY USD Odebrecht Finance Ltd 6 38.88 4/5/2023 KY USD Odebrecht Finance Ltd 7 44 4/21/2020 KY USD Odebrecht Offshore Drilli 6.75 17 10/1/2022 KY USD Odebrecht Offshore Drilli 6.625 17 10/1/2022 KY USD Odebrecht Offshore Drilli 6.75 17.38 10/1/2022 KY USD Odebrecht Offshore Drilli 6.625 17.38 10/1/2022 KY USD Petroleos de Venezuela SA 5.25 67.5 4/12/2017 VE USD Petroleos de Venezuela SA 12.75 56.1 2/17/2022 VE USD Petroleos de Venezuela SA 9 49.38 11/17/2021 VE USD Petroleos de Venezuela SA 9.75 44.57 5/17/2035 VE USD Petroleos de Venezuela SA 6 38.5 5/16/2024 VE USD Petroleos de Venezuela SA 6 36.75 11/15/2026 VE USD Petroleos de Venezuela SA 5.375 37 4/12/2027 VE USD Petroleos de Venezuela SA 5.5 36.75 4/12/2037 VE USD Petroleos de Venezuela SA 6 32.13 10/28/2022 VE USD Petroleos de Venezuela SA 6 36.4 11/15/2026 VE USD Petroleos de Venezuela SA 6 35.35 5/16/2024 VE USD Petroleos de Venezuela SA 9.75 41.7 5/17/2035 VE USD Petroleos de Venezuela SA 9 45.25 11/17/2021 VE USD Petroleos de Venezuela SA 12.75 46.15 2/17/2022 VE USD Polarcus Ltd 5.6 44.93 3/30/2022 AE USD Provincia de Rio Negro 1.6148 62 5/4/2024 AR ARS PSOS Finance Ltd 11.75 60.13 4/23/2018 KY USD Republic of Ecuador Minis 8.45 69.22 9/30/2034 EC USD Republic of Ecuador Minis 7.75 74.88 12/19/2028 EC USD Republic of Ecuador Minis 7.7 73.6 7/1/2029 EC USD Republic of Ecuador Minis 7.75 74.99 11/8/2028 EC USD Republic of Ecuador Minis 8.45 69.22 9/30/2034 EC USD Republic of Ecuador Minis 7.7 73.77 6/12/2029 EC USD Republic of Ecuador Minis 8.45 69.39 9/10/2034 EC USD Republic of Ecuador Minis 8.45 69.75 7/17/2034 EC USD Republic of Ecuador Minis 8.45 69.39 9/10/2034 EC USD Republic of Ecuador Minis 7.7 72.81 9/30/2029 EC USD Republic of Ecuador Minis 7.7 73.78 6/11/2029 EC USD Republic of Ecuador Minis 7.7 73.6 7/1/2029 EC USD Republic of Ecuador Minis 8.45 69.98 6/11/2034 EC USD Republic of Ecuador Minis 8.45 69.98 6/11/2034 EC USD Republic of Ecuador Minis 7.7 73.77 6/12/2029 EC USD Republic of Ecuador Minis 7.7 72.99 9/10/2029 EC USD Republic of Ecuador Minis 8.45 69.97 6/12/2034 EC USD Republic of Ecuador Minis 7.75 74.88 12/19/2028 EC USD Republic of Ecuador Minis 8.45 70.84 2/6/2034 EC USD Republic of Ecuador Minis 8.45 70.55 3/19/2034 EC USD Republic of Ecuador Minis 8.45 69.85 7/1/2034 EC USD Republic of Ecuador Minis 8.45 70.45 4/2/2034 EC USD Republic of Ecuador Minis 7.7 72.81 9/30/2029 EC USD Republic of Ecuador Minis 8.45 69.75 7/17/2034 EC USD Republic of Ecuador Minis 8.45 69.74 5/30/2034 EC USD Republic of Ecuador Minis 8.45 69.97 6/12/2034 EC USD Republic of Ecuador Minis 7.75 74.99 11/8/2028 EC USD Republic of Ecuador Minis 8.45 69.85 7/1/2034 EC USD Republic of Ecuador Minis 8.45 70.45 4/2/2034 EC USD Republic of Ecuador Minis 8.45 69.74 5/30/2034 EC USD Republic of Ecuador Minis 7.7 73.78 6/11/2029 EC USD Republic of Ecuador Minis 8.45 70.84 2/6/2034 EC USD Republic of Ecuador Minis 7.7 72.99 9/10/2029 EC USD Republic of Ecuador Minis 8.45 70.55 3/19/2034 EC USD Samarco Mineracao SA 4.125 37.25 11/1/2022 BR USD Samarco Mineracao SA 5.75 36.6 10/24/2023 BR USD Samarco Mineracao SA 5.375 35.38 9/26/2024 BR USD Samarco Mineracao SA 4.125 37.38 11/1/2022 BR USD Samarco Mineracao SA 5.75 39.63 10/24/2023 BR USD Samarco Mineracao SA 5.375 37.25 9/26/2024 BR USD Siem Offshore Inc 5.69 52.25 1/30/2018 NO NOK Siem Offshore Inc 5.49 51.75 3/28/2019 NO NOK Transocean Inc 5.05 74.75 10/15/2022 KY USD Transocean Inc 6.8 63.66 3/15/2038 KY USD Transocean Inc 7.5 65.78 4/15/2031 KY USD Transocean Inc 9.1 70.41 12/15/2041 KY USD Transocean Inc 7.45 74.9 4/15/2027 KY USD Transocean Inc 8 73.55 4/15/2027 KY USD Uruguay Notas del Tesoro 5.25 61.99 12/29/2021 UY UYU US Capital Funding IV Ltd 0.99305 43.92 12/1/2039 KY USD US Capital Funding IV Ltd 0.99305 43.92 12/1/2039 KY USD Venezuela Government Inte 9.25 49.03 9/15/2027 VE USD Venezuela Government Inte 11.75 49.5 10/21/2026 VE USD Venezuela Government Inte 11.95 49.5 8/5/2031 VE USD Venezuela Government Inte 7.75 47.38 10/13/2019 VE USD Venezuela Government Inte 13.625 65.25 8/15/2018 VE USD Venezuela Government Inte 9.375 45.85 1/13/2034 VE USD Venezuela Government Inte 7 52.85 12/1/2018 VE USD Venezuela Government Inte 7 42 3/31/2038 VE USD Venezuela Government Inte 9 45.5 5/7/2023 VE USD Venezuela Government Inte 9.25 45.5 5/7/2028 VE USD Venezuela Government Inte 8.25 44.38 10/13/2024 VE USD Venezuela Government Inte 6 43.5 12/9/2020 VE USD Venezuela Government Inte 13.625 56.5 8/15/2018 VE USD Venezuela Government Inte 7.65 43.25 4/21/2025 VE USD Venezuela Government Inte 13.625 59.69 8/15/2018 VE USD Venezuela Government Inte 12.75 53.5 8/23/2022 VE USD Venezuela Government TICC 5.25 53.23 3/21/2019 VE USD VRG Linhas Aereas SA 10.75 25.63 2/12/2023 BR USD VRG Linhas Aereas SA 10.75 25.63 2/12/2023 BR USD XLIT Ltd 6.5 70 IE USD *********** 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. 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, and Peter A. Chapman, Editors. Copyright 2016. 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 202-362-8552. * * * End of Transmission * * *