/raid1/www/Hosts/bankrupt/TCRLA_Public/230626.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, June 26, 2023, Vol. 24, No. 127
Headlines
B E R M U D A
TEEKAY CORP: Egan-Jones Cuts Senior Unsecured Ratings to BB-
C O L O M B I A
BANCOLOMBIA SA: CEO Says Loan Growth Beat Expectations
D O M I N I C A N R E P U B L I C
DOMINICAN REPUBLIC: IMF Recommends Focus on Maintaining Stability
J A M A I C A
JAMAICA: Trade Board Looking to Identify & Resolve Export Issues
[*] JAMAICA: Project STAR Trainees Get Jobs, Says Duncan
M E X I C O
BBVA MEXICO: Fitch Assigns 'BB(EXP)' Rating on Tier 2 Sub. Notes
P U E R T O R I C O
PUERTO RICO: PREPA at Risk of Moving July 2023 Debt Plan Hearing
X X X X X X X X
[*] BOND PRICING COLUMN: For the Week June 19 to June 23, 2023
- - - - -
=============
B E R M U D A
=============
TEEKAY CORP: Egan-Jones Cuts Senior Unsecured Ratings to BB-
------------------------------------------------------------
Egan-Jones Ratings Company, on June 6, 2023, downgraded the foreign
currency and local currency senior unsecured ratings on debt issued
by Teekay Corporation to BB- from B.
Headquartered in Hamilton, Bermuda, Teekay Corporation is a
provider of international crude oil and liquefied natural gas (LNG)
marine transportation services.
===============
C O L O M B I A
===============
BANCOLOMBIA SA: CEO Says Loan Growth Beat Expectations
------------------------------------------------------
globalinsolvency.com, citing Bloomberg News, reports that Colombian
mortgage and commercial lending are unexpectedly resilient after
the central bank's steepest-ever series of interest rate rises.
Bancolombia SA expects its lending to grow by 6% to 8% in nominal
terms, from about 23% last year, Chief Executive Officer Juan
Carlos Mora said, according to globalinsolvency.com.
Some home buyers are taking into account the possibility of
refinancing at lower rates in the future, he added. Consumer loans,
however, are flat after fast inflation and higher borrowing costs
hit households' spending power, he said, on the sidelines of a
banking event in Cartagena, the report notes.
As higher interest rates bite and the economy cools, the lender is
braced for a deterioration in credit quality this year, the report
relays.
The bank will increase its provisions for bad loans to about 2.4%
of average gross loans in 2023, from 0.6% last year, Mora said, the
report says.
"In a year of low economic growth, high inflation, and high
interest rates, some clients will have to carry out some profiling
or restructuring, which implies making additional provisions," he
said, the report discloses.
The bank's preference shares have fallen 21% over the last year, in
line with the 20% drop in the benchmark Colcap index, the report
adds.
As reported in the Troubled Company Reporter-Latin America in
December 2022, Fitch Ratings affirmed the international ratings
for Bancolombia S.A., certain local and foreign subsidiaries, and a
related entity. Fitch affirmed Bancolombia's Long-Term Local and
Foreign Currency Issuer Default Rating (IDR) at 'BB+' with a Stable
Outlook and its Viability Rating (VR) at 'bb+'.
===================================
D O M I N I C A N R E P U B L I C
===================================
DOMINICAN REPUBLIC: IMF Recommends Focus on Maintaining Stability
-----------------------------------------------------------------
The International Monetary Fund (IMF) has advised the Dominican
Republic to prioritize maintaining macroeconomic and financial
stability while advancing structural reforms to foster inclusive
and resilient growth in the short term.
After a visit to the country by an IMF delegation to gather
information and assess economic policies, the agency issued a
statement stating that the economic outlook for the Dominican
Republic remains positive, although short-term risks are dominant.
While the Dominican economy has been one of the most dynamic in the
Americas over the past two decades and experienced a positive
recovery after the pandemic, the strong rebound has started to
moderate in 2022. Uncertainty suggests that the real Gross Domestic
Product (GDP) growth will slow down to 4% this year.
In 2022, economic activity increased by 4.9%, driven by the
services and manufacturing sectors. However, following the slowdown
this year, greater growth is expected in 2024.
The IMF executive board commended the monetary policy response of
the Dominican Republic, which has contributed to reducing
inflationary pressures. It advised the authorities to continue
adapting monetary policy to maintain control over inflation.
Inflation decreased from 9.6% in April 2022 to 4.4% in May.
The agency also emphasized the importance of strengthening the
autonomy of the central bank through recapitalization and
legislative reforms.
Furthermore, the IMF suggested that greater exchange rate
flexibility and a deepening of the exchange market would enhance
the monetary transmission mechanism and help the economy navigate
potential adversities.
Regarding fiscal matters, the IMF delegation commended the
authorities for implementing a solid fiscal responsibility law.
They emphasized the need to continue focusing on reducing public
debt through fiscal consolidation. The IMF recommended that fiscal
consolidation be supported by tax reforms, improved tax
administration, and expenditure rationalization.
In terms of the financial system, the IMF stressed the importance
of ongoing modernization of the regulatory framework, aligning it
with international standards for supervision and regulation. They
also urged the Dominican Republic to continue strengthening the
framework against money laundering and terrorist financing.
About Dominican Republic
The Dominican Republic is a Caribbean nation that shares the island
of Hispaniola with Haiti to the west. Capital city Santo Domingo
has Spanish landmarks like the Gothic Catedral Primada de America
dating back 5 centuries in its Zona Colonial district. Luis Rodolfo
Abinader Corona is the current president of the nation.
TCRLA reported in April 2019 that the Dominican To related that
Juan Del Rosario of the UASD Economic Faculty cited a current
economic slowdown for the Dominican Republic and cautioned that if
the trend continues, growth would reach only 4% by 2023. Mr. Del
Rosario said that if that happens, "we'll face difficulties in
meeting international commitments."
An ongoing concern in the Dominican Republic is the inability of
participants in the electricity sector to establish financial
viability for the system.
Fitch Ratings, in December 2021, revised the Outlook on Dominican
Republic's Long-Term Foreign-Currency Issuer Default Rating (IDR)
to Stable from Negative and affirmed the IDRs at 'BB-'.The
revision of the Outlook to Stable reflects the narrowing of
Dominican Republic's government deficit and financing needs since
Fitch's last review resulting in the stabilization of the
government debt/GDP ratio, as well as the investment-driven
economic momentum, reflected in the faster-than-expected economic
recovery in 2021 that Fitch expects to carry into above-potential
GDP growth during 2022 and 2023.
Standard & Poor's, also in December 2021, revised its outlook on
the Dominican Republic to stable from negative. S&P also
affirmed its 'BB-' long-term foreign and local currency sovereign
credit ratings and its 'B' short-term sovereign credit ratings. The
stable outlook reflects S&P's expectation of continued favorable
GDP growth and policy continuity over the next 12 to 18 months that
will likely stabilize the government's debt burden, despite lack of
progress with broader tax reforms, S&P said. A rapid economic
recovery from the downturn because of the pandemic should mitigate
external and fiscal risks.
Moody's affirmed the Dominican Republic's long-term issuer and
senior unsecured ratings at Ba3 and maintained the stable outlook
in March 2021.
=============
J A M A I C A
=============
JAMAICA: Trade Board Looking to Identify & Resolve Export Issues
----------------------------------------------------------------
RJR News reports that the Trade Board says it is looking to
identify and resolve issues surrounding exports from Jamaica.
Retired Major Dr. Hugh Blake, Trade Administrator and Chief
Executive Officer at the Trade Board, said the agency has
established a "4-E" strategy, according to RJR News.
The strategy is based on four pillars intended to educate, enable,
expedite and evaluate, the report notes.
Major Blake said the board is also setting key performance
indicators, which have seen a 95 per cent efficiency index, the
report relays.
He said he expects these efficiencies to help boost local exports,
the report adds.
As reported in the Troubled Company Reporter-Latin America in March
2022, Fitch Ratings has affirmed Jamaica's Long-Term Foreign
Currency Issuer Default Rating (IDR) at 'B+'. The Rating Outlook is
Stable.
[*] JAMAICA: Project STAR Trainees Get Jobs, Says Duncan
--------------------------------------------------------
RJR News reports that more than half of the people trained so far
as part of the Private Sector Organisation of Jamaica's social
intervention initiative, Project STAR, have received employment
opportunities in the most recent cohort.
Keith Duncan, Co-Chair of Project STAR, said more than a hundred
people have benefitted from employment and skills training
engagement under the project, where they learnt how to function in
the workplace, as well as how to deal with employers and their
peers, according to RJR News.
"[We placed] more than 50 per cent, because we just had 33 coming
out of Sav-la-Mar, and we met with the Negril Hotel and Tourist
Association, and along with Negril Chamber, and those participants
are gone. They will be placed; all the job starter packages have
gone out, and they will be placed," he said, the report notes.
He noted that previous cohorts from Kingston have all already been
placed at various jobs, the report discloses.
Mr. Duncan said Project STAR is looking to increase the number of
trainees and job placements, the report discloses.
He said the implementation of the project is expected to expand
economic output, especially in communities with heightened
socio-economic challenges, the report says.
"GDP will go up because once domestic economic activity increases,
GDP goes up. In these communities, as they become peaceful and
harmonious, and economic activity increases, real estate prices
will increase. When you have increased economic activity, you have
increased tax revenues, and then you have increased GDP. You have
increased GDP per capita. At the end of the day, this is how
Jamaica benefits," suggested Mr. Duncan, the report adds.
As reported in the Troubled Company Reporter-Latin America in March
2022, Fitch Ratings has affirmed Jamaica's Long-Term Foreign
Currency Issuer Default Rating (IDR) at 'B+'. The Rating Outlook is
Stable.
===========
M E X I C O
===========
BBVA MEXICO: Fitch Assigns 'BB(EXP)' Rating on Tier 2 Sub. Notes
----------------------------------------------------------------
Fitch Ratings has assigned BBVA Mexico, S.A., Institucion de Banca
Multiple, Grupo Financiero BBVA Mexico's (BBVA Mexico)
benchmark-size Tier 2 subordinated preferred capital notes an
expected long-term rating of 'BB(EXP)'. The notes will be issued
under BBVA Mexico's USD10 billion medium-term note program and are
expected to qualify as Tier 2 regulatory capital. The assignment of
the final rating is contingent on the receipt of final documents
conforming materially to the preliminary documentation.
The proposed notes will have a 15-year maturity, with the bank's
option to early redeem the notes one-time only on year 10 from the
issuance day. The proceeds will be used to prudently manage the
regulatory capital ratios and for general corporate purposes.
KEY RATING DRIVERS
BBVA Mexico's upcoming Tier 2 subordinated preferred capital notes
expected long-term 'BB(EXP)' rating is three-notches below the
bank's 'bbb' viability rating, the anchor rating. There is a two
notches adjustment to reflect the loss-severity risk and an
additional one notch for non-performance risk.
According to Fitch's criteria, two notches for loss severity
reflects the issue's subordinated preferred debt status and
expected poor recovery prospects in a liquidation event relative to
the bank's senior debt. The notes will rank subordinated to all
senior debt, pari passu to all subordinated preferred debt and
senior to subordinated non-preferred debt and all classes of
capital stock.
The one-notch for non-performance considers that according to the
applicable local regulation, interest deferral will be triggered at
relatively high levels of capitalization levels before the
write-down or point of non-viability (PONV) occurs. Mandatory
coupon deferral will be activated if the total regulatory capital
ratio (ICAP, Indice de Capitalizacion) declines below 8% or the
Tier 1 capital ratio declines below 6%, plus the applicable capital
supplement (an additional 1.5% for BBVA Mexico as a Domestic
Systemically Important Bank).
BBVA Mexico has to comply with a minimum level of ICAP of 11.5%
plus the proportion of TLAC requirements, which implies a total
ICAP of 13.625%. Mandatory coupon deferral will also occur if the
Mexican regulator classifies BBVA Mexico as "Class III or IV" under
the Mexican Capitalization Requirements or Early Warning System.
No additional notches are considered for non-performance as the
subordinated notes imply that the write-down or PONV would be
activated at a relatively low trigger that it is to have a Common
Equity Tier 1 ratio equal to or below 4.5%. In addition, the bank's
good capitalization level, supported by sound and stable earnings,
as well as strong supervision of the local regulator, are factors
that Fitch believes partially mitigate the likelihood of breaching
a trigger event.
Fitch does not consider the parent's support to mitigate
non-performance risk due to the high size of the Mexican bank
relative to Banco Bilbao Vizcaya Argentaria S.A.'s total assets,
which Fitch believes limits the ability to support.
RATING SENSITIVITIES
Factors that Could, Individually or Collectively, Lead to Negative
Rating Action/Downgrade
The rating of this issuance could be downgraded in the event of a
downgrade of BBVA Mexico's anchor rating.
Factors that Could, Individually or Collectively, Lead to Positive
Rating Action/Upgrade
The rating of this issuance could be upgraded in the event of an
upgrade of BBVA Mexico's anchor rating, and at all times the
notching down will be maintained.
SUMMARY OF FINANCIAL ADJUSTMENTS
Fitch reclassified pre-paid expenses and other deferred assets as
intangibles and deducted them from total equity due to their low
loss absorption capacity.
ESG CONSIDERATIONS
Unless otherwise disclosed in this section, the highest level of
ESG credit relevance is a score of '3'. This means ESG issues are
credit-neutral or have only a minimal credit impact on the entity,
either due to their nature or the way in which they are being
managed by the entity.
Entity/Debt Rating
----------- ------
BBVA Mexico S.A.,
Institucion de
Banca Multiple,
Grupo Financiero
BBVA Mexico
Subordinated LT BB(EXP) Expected Rating
=====================
P U E R T O R I C O
=====================
PUERTO RICO: PREPA at Risk of Moving July 2023 Debt Plan Hearing
----------------------------------------------------------------
Michelle Kaske of Bloomberg News reports that negotiations between
Puerto Rico's bankrupt power utility and a group of bondholders
have stalled again, as next month's, July 2023, confirmation
hearing on a debt-cutting proposal is at risk of being delayed.
Formal talks between Puerto Rico's Electric Power Authority, the
island's main supplier of electricity, an ad hoc group of
bondholders and bond insurance companies have stopped after the
parties met in person on May 22 and May 23, 2023 the mediation team
overseeing the negotiations said in a court filing, June 13, 2023.
About Puerto Rico
Puerto Rico is a self-governing commonwealth in association with
the United States. The chief of state is the President of the
United States of America. The head of government is an elected
Governor. There are two legislative chambers: the House of
Representatives, 51 seats, and the Senate, 27 seats. The
governor-elect is Ricardo Antonio "Ricky" Rossello Nevares, the son
of former governor Pedro Rossello.
In 2016, the U.S. Congress passed PROMESA, which, among other
things, created the Financial Oversight and Management Board and
imposed an automatic stay on creditor lawsuits against the
government, which expired May 1, 2017.
The members of the oversight board are: (i) Andrew G. Biggs, (ii)
Jose B. Carrion III, (iii) Carlos M. Garcia, (iv) Arthur J.
Gonzalez, (v) Jose R. Gonzalez, (vi) Ana. J. Matosantos, and (vii)
David A. Skeel Jr.
On May 3, 2017, the Commonwealth of Puerto Rico filed a petition
for relief under Title III of the Puerto Rico Oversight,
Management, and Economic Stability Act ("PROMESA"). The case is
pending in the United States District Court for the District of
Puerto Rico under case number 17-cv-01578. A copy of Puerto Rico's
PROMESA petition is available at
http://bankrupt.com/misc/17-01578-00001.pdf
On May 5, 2017, the Puerto Rico Sales Tax Financing Corporation
(COFINA) commenced a case under Title III of PROMESA (D.P.R. Case
No. 17-01599). Joint administration has been sought for the Title
III cases.
On May 21, 2017, two more agencies -- Employees Retirement System
of the Government of the Commonwealth of Puerto Rico and Puerto
Rico Highways and Transportation Authority (Case Nos. 17-01685 and
17-01686) -- commenced Title III cases.
U.S. Chief Justice John Roberts named U.S. District Judge Laura
Taylor Swain to preside over the Title III cases.
The Oversight Board has hired as advisors, Proskauer Rose LLP and
O'Neill & Borges LLC as legal counsel, McKinsey & Co. as strategic
consultant, Citigroup Global Markets as municipal investment
banker, and Ernst & Young, as financial advisor.
Martin J. Bienenstock, Esq., Scott K. Rutsky, Esq., and Philip M.
Abelson, Esq., of Proskauer Rose LLP; and Hermann D. Bauer, Esq.,
at O'Neill & Borges LLC are onboard as attorneys.
Prime Clerk LLC is the claims and noticing agent. Prime Clerk
maintains the case web site
https://cases.primeclerk.com/puertorico
Jones Day is serving as counsel to certain ERS bondholders.
Paul Weiss is counsel to the Ad Hoc Group of Puerto Rico General
Obligation Bondholders.
===============
X X X X X X X X
===============
[*] BOND PRICING COLUMN: For the Week June 19 to June 23, 2023
--------------------------------------------------------------
Issuer Cpn Price Maturity Country Curr
------ --- ----- -------- ------- ----
Panama Bond 4.5 73.5 01/19/2063 PA USD
Panama Bond 4.3 74.8 04/29/2053 PA USD
Panama Bond 3.9 66.8 07/23/2060 PA USD
Pearl Holding III 9 30.5 10/22/2025 KY USD
Pearl Holding III 9 30.5 10/22/2025 KY USD
Peruvian Bond 3.6 68.6 01/15/2072 PE USD
Peruvian Bond 2 69.5 11/17/2036 PE EUR
Peruvian Bond 2.8 61.1 12/01/2060 PE USD
Peruvian Bond 1.3 72.1 03/11/2033 PE EUR
Peruvian Bond 3.2 60.9 07/28/2121 PE USD
Earls Eight 0.1 63.8 12/20/2031 KY AUD
Earls Eight 2.3 75.2 05/20/2032 KY AUD
Banco del Estado 3.1 72.5 02/21/2040 CL AUD
Banco del Estado de 1.7 70 03/01/2032 CL EUR
Banco del Estado 2.8 68.9 03/13/2040 CL AUD
Banco del Estado 1.7 69.2 07/05/2032 CL EUR
Banco GNB Sudameris 7.5 73.3 04/16/2031 CO USD
Banco GNB Sudameris 7.5 73.4 04/16/2031 CO USD
Banco Santander Chile 1.3 57.6 11/29/2034 CL EUR
Banco Santander Chile 3.1 72.3 02/28/2039 CL AUD
Earls Eight 1.7 71.4 06/20/2032 KY AUD
Ecopetrol SA 4.6 75 11/02/2031 CO USD
Ecopetrol SA 5.9 63.9 11/02/2051 CO USD
Ecopetrol SA 5.9 65.5 05/28/2045 CO USD
Lani Finance 3.1 68.6 10/19/2048 KY AUD
Lani Finance 1.9 63.3 10/19/2048 KY EUR
Lani Finance 1.7 60 03/14/2049 KY EUR
Lani Finance 1.9 62.3 09/20/2048 KY EUR
QNB Finance 3.4 75.4 10/21/2039 KY AUD
QNB Finance 13.5 55.7 10/06/2025 KY TRY
QNB Finance 2.9 75.3 12/04/2035 KY AUD
Colombia Bond 7.3 71.3 10/18/2034 CO COP
Colombia Bond 7.3 71.3 10/18/2034 CO COP
Colombia Bond 7.3 61.5 10/26/2050 CO COP
Colombia Bond 7.3 61.5 10/26/2050 CO COP
Colombia Bond 3.9 54.8 02/15/2061 CO USD
Colombia Bond 4.1 61.9 02/22/2042 CO USD
Colombia Bond 5.6 72.7 02/26/2044 CO USD
Colombia Bond 3.1 74 04/15/2031 CO USD
Colombia Bond 3.3 72.1 04/22/2032 CO USD
Colombia Bond 5.2 67.3 05/15/2049 CO USD
Colombia Bond 4.1 58.8 05/15/2051 CO USD
Colombia Bond 5 66.9 06/15/2045 CO USD
Colombia Bond 6.3 63 07/09/2036 CO COP
Colombia Bond 6.3 63 07/09/2036 CO COP
Banco Davivienda SA 6.7 66.5 CO USD
Banco de Chile 2.7 75.4 03/09/2035 CL AUD
Banco de Chile 1.7 69.5 04/26/2032 CL EUR
Chile Bond 1.3 52 01/22/2051 CL EUR
Chile Bond 3.1 66.9 01/22/2061 CL USD
Chile Bond 1.3 65.4 01/29/2040 CL EUR
Chile Bond 1.3 71.2 07/26/2036 CL EUR
Chile Bond 3.3 66.6 09/21/2071 CL USD
China Maple Leaf 2.3 75 01/27/2026 KY USD
China SCE Group 6 29 02/04/2026 KY USD
China SCE Group 7.4 56.2 04/09/2024 KY USD
China SCE Group 7 35.2 05/02/2025 KY USD
China SCE Group 6 42.9 09/29/2024 KY USD
Ruta del Maipo 2.3 53.5 12/15/2024 CL CLP
Santander Consumer 2.9 73.1 11/27/2034 CL AUD
Seagate HDD Cayman 3.4 73.4 07/15/2031 KY USD
Seazen Group 4.5 63.6 07/13/2025 KY USD
Silk Road Investments 2.9 68.8 01/23/2042 KY AUD
Simpar Finance 10.8 73.8 02/12/2028 BR BRL
Simpar Finance 10.8 73.8 02/12/2028 BR BRL
Skylark 1.8 58.2 04/04/2039 KY GBP
YPF SA 1 69.8 01/10/2026 AR USD
YPF SA 7 61.6 12/15/2047 AR USD
YPF SA 7 61 12/15/2047 AR USD
UEP Penonome II SA 6.5 73.6 10/01/2038 PA USD
UEP Penonome II SA 6.5 74.1 10/01/2038 PA USD
Guaranteed 5.4 73.7 01/29/2038 KY USD
Guaranteed 5.3 71.9 03/23/2038 KY USD
Helenbergh China 8 32.9 11/07/2024 KY USD
Agile Group Holdings 6.1 41 10/13/2025 KY USD
Agile Group Holdings 5.5 45 04/21/2025 KY USD
Agile Group Holdings 5.5 39.2 05/17/2026 KY USD
Alfa Desarrollo SpA 4.6 72.1 09/27/2051 CL USD
Alfa Desarrollo SpA 4.6 72.1 09/27/2051 CL USD
Alibaba Group 2.7 67.4 02/09/2041 KY USD
Alibaba Group 3.2 65.2 02/09/2051 KY USD
Agile Group Holdings 5.8 50.2 01/02/2025 KY USD
QNB Finance 11.5 62.1 1/30/2025 KY TRY
SYN prop e tech SA 13.6 20.3 3/15/2024 BR BRL
Yango Cayman 12 3.9 09/15/2023 KY USD
MSU Energy SA 6.9 70.8 02/01/2025 AR USD
MSU Energy SA 6.9 71.2 02/01/2025 AR USD
Itau Unibanco SA 5.8 19.4 05/20/2027 BR BRL
Jamaica Government 8.5 68.9 12/21/2061 JM JMD
Jamaica Government 6.3 72.7 07/11/2048 JM JMD
Kaisa Group Holdings 10.9 9.1 KY USD
Fospar S/A 6.5 1.3 05/15/2026 BR BRL
Frigorifico 7.7 71.1 07/21/2028 PY USD
Frigorifico 7.7 71.4 07/21/2028 PY USD
Galaxy Digital 3 62.5 12/15/2026 KY USD
Generacion 9.9 73.1 12/01/2027 AR USD
Generacion 12.5 0 02/16/2024 AR USD
Gol Finance Inc 8.8 40.5 KY USD
Gol Finance Inc 8.8 42 KY USD
Goldman Sachs 2.3 75.9 06/30/2040 KY EUR
Greenland Hong Kong 10.2 45.9 KY USD
Guacolda Energia SA 4.6 40.8 04/30/2025 CL USD
Guacolda Energia SA 4.6 40.8 04/30/2025 CL USD
Tencent Holdings 3.2 66.2 06/03/2050 KY USD
Tencent Holdings 3.2 66.5 06/03/2050 KY USD
Tencent Holdings 3.3 63 06/03/2060 KY USD
Tencent Holdings 3.3 63.5 06/03/2060 KY USD
Three Gorges Finance 3.2 74.2 10/16/2049 KY USD
VTR Comunicaciones 5.1 55.3 01/15/2028 CL USD
VTR Comunicaciones 5.1 53.6 01/15/2028 CL USD
VTR Comunicaciones 4.4 54.4 04/15/2029 CL USD
VTR Comunicaciones 4.4 54.5 04/15/2029 CL USD
Vista Energy 1 73 03/03/2028 AR USD
Voyager II 3.3 74.3 03/23/2034 KY AUD
Transocean Inc 6.8 67.6 03/15/2038 KY USD
Inversiones Latin 5.1 44.6 06/15/2033 CL USD
Inversiones Latin 5.1 44.8 06/15/2033 CL USD
KWG Group Holdings 7.4 15.8 01/13/2027 KY USD
KWG Group Holdings 6 40.8 01/14/2024 KY USD
KWG Group Holdings 5.9 22.2 11/10/2024 KY USD
KWG Group Holdings 6.3 17.6 02/13/2026 KY USD
KWG Group Holdings 7.4 26.5 03/05/2024 KY USD
KWG Group Holdings 6 19.4 08/10/2025 KY USD
KWG Group Holdings 6 16.8 08/14/2026 KY USD
KWG Group Holdings 7.9 27.5 08/30/2024 KY USD
KWG Group Holdings 7.9 60.2 09/01/2023 KY USD
Telecom Argentina SA 1 56.5 02/10/2028 AR USD
Telecom Argentina SA 1 64.2 03/09/2027 AR USD
Tencent Holdings 3.8 74.1 04/22/2051 KY USD
Tencent Holdings 3.8 74.1 04/22/2051 KY USD
Tencent Holdings 3.9 72.3 04/22/2061 KY USD
Tencent Holdings 3.9 72.3 04/22/2061 KY USD
eHi Car Services 7 64.9 09/21/2026 KY USD
El Salvador Bond 6.4 62.3 01/18/2027 SV USD
El Salvador Bond 6.4 62 01/18/2027 SV USD
El Salvador Bond 7.1 48.5 01/20/2050 SV USD
El Salvador Bond 7.1 48.6 01/20/2050 SV USD
El Salvador Bond 5.9 46 01/30/2025 SV USD
El Salvador Bond 7.6 49.4 02/01/2041 SV USD
El Salvador Bond 7.6 49.4 02/01/2041 SV USD
El Salvador Bond 8.6 58.1 02/28/2029 SV USD
El Salvador Bond 8.6 57.9 02/28/2029 SV USD
El Salvador Bond 8.3 56.4 04/10/2032 SV USD
El Salvador Bond 8.3 56.3 04/10/2032 SV USD
El Salvador Bond 7.7 50 06/15/2035 SV USD
El Salvador Bond 7.7 50 06/15/2035 SV USD
El Salvador Bond 9.5 54.6 07/15/2052 SV USD
El Salvador Bond 9.5 54.5 07/15/2052 SV USD
El Salvador Bond 7.6 49.9 09/21/2034 SV USD
El Salvador Bond 7.6 50 09/21/2034 SV USD
Banda de Couro 8 69.1 01/15/2027 BR BRL
Alibaba Group 3.3 63 02/09/2061 KY USD
AMTD IDEA Group 4.5 52.5 KY SGD
AAC Technologies 3.8 68.6 06/02/2031 KY USD
ACEN Finance 4 70.9 KY USD
AES Tiete 6.8 0.7 04/15/2024 BR BRL
Agile Group Holdings 13.5 40.7 KY USD
Agile Group Holdings 8.4 38.1 KY USD
Agile Group Holdings 7.9 31 KY USD
Argentina Bonar Bonds 1 19.8 7/09/2029 AR USD
Argentina Bonar Bonds 1 27.5 08/05/2023 AR USD
Argentina Treasury 2.5 25.3 11/30/2031 AR ARS
Argentine Bond 0.5 19.5 07/09/2029 AR EUR
Argentine Bond 1 23.7 07/09/2029 AR USD
Argentine Bond 0.1 21.5 07/09/2030 AR EUR
Argentine Bonos 16 72.6 10/17/2023 AR ARS
Argentine Bonos 15.5 22.2 10/17/2026 AR ARS
Ascent Finance 3.4 58.4 02/06/2043 KY AUD
Ascent Finance 3.8 59.8 06/28/2047 KY AUD
Ascent Finance 1.2 61.4 07/12/2047 KY EUR
Astra Cumulative 1.5 60.6 11/01/2029 KY USD
*********
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, Julie Anne L. Toledo, Ivy B. Magdadaro, and Peter A.
Chapman, Editors.
Copyright 2023. 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.
.
* * * End of Transmission * * *