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       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, July 3, 2023, Vol. 24, No. 132

                           Headlines



A R G E N T I N A

BLOCKFI INC: SEC Can Wait to Collect $30 Million Penalty


B A H A M A S

FTX GROUP: Accuses Ex-Lawyer of Aiding Bankman-Fried's Fraud


B R A Z I L

BRAZIL: Debates Inflation Targets
BRAZIL: Struggling Firms Turn to Founders for $4BB Rescue


D O M I N I C A N   R E P U B L I C

[*] DOMINICAN REPUBLIC: Tourism Grew The Most Between January-May
[] DOMINICAN REPUBLIC: Socialize Social Action Strategies w/Mexico


J A M A I C A

JAMAICA: Lower Inflation Influenced Decision to Maintain Rate


X X X X X X X X

[*] BOND PRICING COLUMN: For the Week June 26 to June 30, 2023

                           - - - - -


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

BLOCKFI INC: SEC Can Wait to Collect $30 Million Penalty
--------------------------------------------------------
Jessica Corso of Law360 reports that the U.S. Securities and
Exchange Commission has agreed to wait in line behind BlockFi
customers before collecting $30 million from an enforcement
settlement, saying it hoped to avoid delay in getting the customers
of the bankrupt crypto firm paid.

BlockFi Inc. and the U.S. Securities and Exchange Commission have
signed a stipulation with respect to the treatment of the SEC
Penalty Claims under the Debtors' proposed First Amended Joint
Chapter 11 Plan.

On June 13, 2023, the SEC timely filed a proof of claim, in the
amount of $30,284,696, against the Debtors as Claim No. 32249 on
account of amounts that remain due under that certain Order
Instituting Cease-and-Desist Proceedings Pursuant to Section 8A of
the Securities Act of 1933 and Section 9(f) of the Investment
Company Act of 1940, Making Findings, and Imposing a
Cease-and-Desist Order entered on February 14, 2022 in an
Administrative Proceeding before the Commission (the "Commission
POC").

The Plan provides for the SEC Penalty Claims to be subordinated to
Account Holder Claims, General Unsecured Claims and Intercompany
Claims pursuant to sections 726(a)(4) and 1129(a)(7) of the
Bankruptcy Code (the "Proposed Plan Treatment").

The SEC disagrees with the Proposed Plan Treatment and asserts that
its claims are general unsecured claims entitled to participate
pari passu with other general unsecured creditors in the Debtors'
Chapter 11 cases but due to the specific facts of the Chapter 11
cases, in order to maximize the amount that may be distributed to
investors and avoid delay in such distribution, the SEC has agreed
to forego participating in any distributions under the Plan or
requiring any cash reserve in connection with such distributions,
on account of any claims that may be or become Allowed Claims based
on the Commission POC until all other allowed claims in Classes 1,
2 , 3, 4 and 11 are paid in full.

Pursuant to the Stipulation signed June 22, 2023, the parties
agreed that:

  1. The Commission POC will be re-classified as a general
     unsecured claim in new Class 15.

  2. The SEC consents to the Debtors making distributions to
     holders of Allowed Claims in the Debtors' Chapter 11 cases
     without making such a distribution to the SEC on account of
     the Commission POC, or reserving cash available for such
     distribution on account of the Commission POC, until payment
     in full of all other Allowed Claims in Classes 1, 2, 3, 4 and
     11.

  3. The SEC retains all rights with respect to the Commission
     POC, including the right to amend the Commission POC.
     The Debtors retain all objections and defenses to the
     Commission POC.

  4. The Stipulation shall continue to remain in full force and
     effect with respect to any amended Plan; provided that the
     classification and treatment of Allowed Claims in Classes
     1, 2, 3 and 4 remains substantially the same as in the Plan.

  5. Any Allowed Commission POC shall be subject to the terms of
     the Stipulation and shall not be subject to reconsideration,
     provided that, this Stipulation shall be of no force or
     effect if the Plan is not confirmed by this Court or the
     Plan does not thereafter become effective.

  6. Nothing in the Stipulation precludes the Commission from
     objecting to the classification or allowance of any claim
     other than the SEC Penalty Claims.

                        About BlockFi Inc.

BlockFi is building a bridge between digital assets and traditional
financial and wealth management products to advance the overall
digital asset ecosystem for individual and institutional
investors.

BlockFi was founded in 2017 by Zac Prince and Flori Marquez and in
its early days had backing from influential Wall Street investors
like Mike Novogratz and, later on, Valar Ventures, a Peter
Thiel-backed venture fund as well as Winklevoss Capital, among
others.  BlockFi made waves in 2019 when it began providing
interest-bearing accounts with returns paid in Bitcoin and Ether,
with its program attracting millions of dollars in deposits right
away.

BlockFi grew during the pandemic years and had offices in New York,
New Jersey, Singapore, Poland and Argentina.

BlockFi worked with FTX US after it took an $80 million hit from
the bad debt of crypto hedge fund Three Arrows Capital, which
imploded after the TerraUSD stablecoin wipeout in May 2022.

BlockFi had significant exposure to the companies founded by former
FTX Chief Executive Officer Sam Bankman-Fried. BlockFi received a
$400 million credit line from FTX US in an agreement that also gave
FTX the option to acquire BlockFi through a bailout orchestrated by
Bankman-Fried over the summer.  BlockFi also had collateralized
loans to Alameda Research, the trading firm co-founded by
Bankman-Fried.

BlockFi is the latest crypto firm to seek bankruptcy amid a
prolonged slump in digital asset prices. Lenders Celsius Network
LLC and Voyager Digital Holdings Inc. also filed for court
protection this year.  Kirkland & Ellis is also advising Celsius
and Voyager in their separate Chapter 11 cases.

BlockFi Inc. and eight affiliates sought protection under Chapter
11 of the Bankruptcy Code (Bankr. D.N.J. Lead Case No. 22-19361) on
Nov. 28, 2022. In the petitions signed by their chief executive
officer, Zachary Prince, the Debtors reported $1 billion to $10
billion in both assets and liabilities.

Judge Michael B. Kaplan oversees the cases.

The Debtors tapped Kirkland & Ellis and Haynes and Boone, LLP as
general bankruptcy counsels; Walkers (Bermuda) Limited as special
Bermuda counsel; Cole Schotz, P.C., as local counsel; Berkeley
Research Group, LLC as financial advisor; Moelis & Company as
investment banker; and Street Advisory Group, LLC as strategic and
communications advisor.  Kroll Restructuring Administration, LLC is
the notice and claims agent.




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

FTX GROUP: Accuses Ex-Lawyer of Aiding Bankman-Fried's Fraud
------------------------------------------------------------
Andrew Goudsward at Reuters reports that bankrupt cryptocurrency
exchange FTX sued one of its former top lawyers, accusing him of
aiding fraud by company founder Sam Bankman-Fried and silencing
whistleblowers who reported wrongdoing at the company.

The complaint, filed in U.S. Bankruptcy Court in Delaware,
describes Daniel Friedberg, a former chief compliance officer at
FTX and general counsel of its related crypto hedge fund Alameda
Research, as a "fixer" for Bankman-Fried and other FTX executives
who enabled the "wholesale raiding" of customer funds, according to
Reuters.

Friedberg "whitewashed" complaints from employees raising concerns
about the activities of FTX and Alameda by settling claims for
"inflated" amounts and in some cases hiring law firms that
represented whistleblowers to perform legal work for FTX, the
company said, the report notes.

The settlement amounts are redacted in the complaint, the report
notes.

A lawyer for Friedberg and a spokesperson for FTX did not
immediately respond to requests for comment.

The lawsuit accuses Friedberg of legal malpractice and breaching
his fiduciary duty, the report relays.  It seeks to claw back "tens
of millions" worth of cryptocurrency Friedberg received while
working for FTX, along with his compensation and $3 million in
bonuses, the report says.

FTX filed for bankruptcy in November 2022 after a run on customer
deposits, the report discloses.  The company's new leadership has
accused Bankman-Fried and his associates of widespread failures to
implement corporate controls, the report says.

Bankman-Fried has been criminally charged in federal court in
Manhattan with stealing billions in FTX customer funds to plug
holes at the Alameda hedge fund and fund speculative investments,
the report notes.  Bankman-Fried has pleaded not guilty and denied
stealing funds, the report says.

At least three other FTX executives have pleaded guilty to U.S.
charges, the report relays.

Friedberg has cooperated with U.S. investigations into the FTX
collapse, Reuters has reported, the report notes.

Friedberg served as an adviser to Bankman-Fried and his companies
while working at law firm Fenwick & West, the report discloses.  He
became an in-house attorney at both FTX and Alameda in 2020, the
report adds.

                          About FTX Group

FTX is the world's second-largest cryptocurrency firm.  FTX is a
cryptocurrency exchange built by traders, for traders.  FTX offers
innovative products including industry-first derivatives, options,
volatility products and leveraged tokens.

Then CEO and co-founder Sam Bankman-Fried said Nov. 10, 2022, that
FTX paused customer withdrawals after it was hit with roughly $5
billion worth of withdrawal requests.

Faced with liquidity issues, FTX on Nov. 9 struck a deal to sell
itself to its giant rival Binance, but Binance walked away from the
deal amid reports on FTX regarding mishandled customer funds and
alleged US agency investigations.

At 4:30 a.m. on Nov. 11, Bankman-Fried ultimately agreed to step
aside, and restructuring vet John J. Ray III was quickly named new
CEO.

FTX Trading Ltd (d/b/a FTX.com), West Realm Shires Services Inc.
(d/b/a FTX US), Alameda Research Ltd. and certain affiliated
companies then commenced Chapter 11 proceedings (Bankr. D. Del.
Lead Case No. 22-11068) on an emergency basis on Nov. 11, 2022.
Additional entities sought Chapter 11 protection on Nov. 14, 2022.
FTX Trading and its affiliates each listed $10 billion to $50
million in assets and liabilities, making FTX the biggest
bankruptcy filer in the US this year.  According to Reuters, SBF
shared a document with investors on Nov. 10, 2022, showing FTX had
$13.86 billion in liabilities and $14.6 billion in assets.
However,
only $900 million of those assets were liquid, leading to the cash
crunch that ended with the company filing for bankruptcy.

The Hon. John T. Dorsey is the case judge.

The Debtors tapped Sullivan & Cromwell, LLP as bankruptcy counsel;
Landis Rath & Cobb, LLP as local counsel; and Alvarez & Marsal
North America, LLC as financial advisor. Kroll is the claims agent,
maintaining the page https://cases.ra.kroll.com/FTX/Home-Index

The Official Committee of Unsecured Creditors tapped Paul Hastings
as counsel, FTI Consulting, Inc., as financial advisor, and
Jefferies LLC as the investment banker. Young Conaway Stargatt &
Taylor LLP is the Committee's Delaware and conflicts counsel.

Montgomery McCracken Walker & Rhoads LLP, led by partners Gregory
T. Donilon, Edward L. Schnitzer, and David M. Banker, is
representing Sam Bankman-Fried in the Chapter 11 cases.

White-collar crime specialist Mark S. Cohen has reportedly been
hired to represent SBF in litigation. Lawyers at Paul Weiss
previously represented SBF but later renounced representing the
entrepreneur due to a conflict of interest.




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

BRAZIL: Debates Inflation Targets
---------------------------------
globalinsolvency.com, citing Bloomberg News, reports that Brazil's
upcoming decision on future inflation targets is likely to define
whether the central bank may start cutting interest rates at its
next policy meeting.

Central bank President Roberto Campos Neto, Finance Minister
Fernando Haddad and Planning Minister Simone Tebet will meet to
review the current 3% target for the next couple years and set a
new one for 2026, according to globalinsolvency.com.

They may also tweak the system, getting rid of specific objectives
for each calendar year and introducing a constant, medium-term
inflation goal, the report notes.

The decision will be crucial to determine the beginning of Brazil's
long-awaited monetary easing cycle, the report relays.  If the
target for 2024 and 2025 is reaffirmed and also extended to include
2026, then inflation expectations may decline further, possibly
creating room for borrowing costs to fall as soon as August, the
report discloses.

The meeting outcome will be closely watched by President Luiz
Inacio Lula da Silva, who has clamored for lower rates to provide
relief to businesses and families, the report adds.
       
                                     About Brazil

Brazil is the fifth largest country in the world and third largest
in the Americas. Luiz Inacio Lula da Silva won the 2022 Brazilian
general election. He was sworn in on January 1, 2023, as the 39th
president of Brazil, succeeding Jair Bolsonaro.
       
As recently reported in the Troubled Company Reporter-Latin
America, Fitch Ratings, in December 2022, affirmed Brazil's
Long-Term Foreign Currency Issuer Default Rating (IDR) at 'BB-'
with a Stable Outlook. The ratings are constrained by high
government indebtedness, a rigid fiscal structure, weak economic
growth potential, and a record of governability challenges that
have hampered efforts to address these fiscal and economic issues
and clouded policy predictability. The Stable Outlook reflects
Fitch's expectation that growth will slow in the coming year and
that recent fiscal improvement will erode under a new government,
but within a margin consistent with the current rating, and from a
better starting point than previously expected. Uncertainty is
elevated regarding the plans of the incoming government and the
extent to which these could ease or aggravate fiscal and economic
challenges. However, Fitch does not expect policies that jeopardize
broad economic stability.
       
Standard & Poor's affirmed its 'BB-/B' long- and short-term foreign
and local currency sovereign credit ratings on Brazil, and the
outlook remains stable (June 2022).  The stable outlook reflects
S&P's base-case assumption that Brazil will maintain its fiscal
anchors over the next two years despite an increasing interest
burden, preventing significant fiscal slippage and limiting the
rise in its already high debt burden.
       
Moody's credit rating for Brazil was last set at Ba2 in 2018 with
stable outlook.  Moody's affirmed the Ba2 issuer ratings and senior
unsecured bond ratings in April 2022.
       
DBRS's credit rating for Brazil is BB (low) with stable outlook
(March 2018).


BRAZIL: Struggling Firms Turn to Founders for $4BB Rescue
---------------------------------------------------------
globalinsolvency.com, citing Bloomberg News, reports that Brazilian
companies wrestling with high interest rates and growing debt loads
are turning to the people who helped build them for a lifeline.

Founders and key shareholders in Brazilian firms have committed to
injecting as much as 19.3 billion reais (US$4 billion) in capital
to aid them so far this year, according to data compiled by
Bloomberg, the report notes.

The rescues, which have come via equity offerings and real estate
transactions, are expected to continue in months to come, according
to globalinsolvency.com.

"We're likely to see more and more deals being anchored by
controlling or relevant holders," said Roberto Zarour, a partner
and restructuring lawyer at Lefosse Advogados, the report notes.

The capital injections, he added, are not always a voluntary
decision from founders but a demand from creditors, the report
relays.

Interest rates sitting at a six-year high, the credit stress that
followed the collapse of retailer Americanas SA and monetary
tightening in the US and Europe have made it harder to borrow at
home and abroad, the report discloses.

As a result, the pile of dollar corporate notes from the nation
trading at distressed levels surged to $12 billion, up 26% from the
start to the year, data compiled by Bloomberg show, the report
adds.

                              About Brazil

Brazil is the fifth largest country in the world and third largest
in the Americas. Luiz Inacio Lula da Silva won the 2022
Brazilian general election. He was sworn in on January 1, 2023, as
the 39th president of Brazil, succeeding Jair Bolsonaro.

As recently reported in the Troubled Company Reporter-Latin
America, Fitch Ratings, in December 2022, affirmed Brazil's
Long-Term Foreign Currency Issuer Default Rating (IDR) at 'BB-'
with a Stable Outlook. The ratings are constrained by high
government indebtedness, a rigid fiscal structure, weak economic
growth potential, and a record of governability challenges that
have hampered efforts to address these fiscal and economic issues
and clouded policy predictability. The Stable Outlook reflects
Fitch's expectation that growth will slow in the coming year and
that recent fiscal improvement will erode under a new government,
but within a margin consistent with the current rating, and from a
better starting point than previously expected. Uncertainty is
elevated regarding the plans of the incoming government and the
extent to which these could ease or aggravate fiscal and economic
challenges. However, Fitch does not expect policies that
jeopardize broad economic stability.

Standard & Poor's affirmed its 'BB-/B' long- and short-term
foreign and local currency sovereign credit ratings on Brazil, and
the outlook remains stable (June 2022).  The stable outlook
reflects S&P's base-case assumption that Brazil will maintain its
fiscal anchors over the next two years despite an increasing
interest burden, preventing significant fiscal slippage and
limiting the rise in its already high debt burden.

Moody's credit rating for Brazil was last set at Ba2 in 2018 with
stable outlook.  Moody's affirmed the Ba2 issuer ratings and
senior unsecured bond ratings in April 2022.

DBRS's credit rating for Brazil is BB (low) with stable outlook
(March 2018).




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

[*] DOMINICAN REPUBLIC: Tourism Grew The Most Between January-May
-----------------------------------------------------------------
Dominican Today reports that the Dominican Ministry of Economy has
reported an increase in tourism, trade, and agricultural exports in
the country during the period of January to May, highlighting the
positive performance of these sectors so far this year.

In May, the tourism sector showed positive data with 518,932
non-resident foreigners arriving in the country, representing a
14.5% increase compared to the same month of the previous year,
according to Dominican Today.  The total number of visitors for the
year reached 2.8 million, marking a 20.3% year-on-year variation,
the report relays.

Agricultural exports also experienced growth, reaching $93.9
million in May, a 16.1% increase compared to the previous year, the
report discloses.  The total agricultural exports for the year
amounted to $358 million, with a 3.5% year-on-year variation, the
report relays.  This growth can be attributed to increased exports
of cocoa beans to Malaysia and Indonesia, as well as preserved
fruits to the Netherlands, the report discloses.

The report also indicates that there were 2,282,972 active workers
in the Dominican Social Security System (SDSS) in May, reflecting a
cumulative growth of 0.6% compared to December 2022, Dominican
Today relays.  In addition, formal job registrations increased by
0.5% in May compared to December, Dominican Today says.

These positive indicators reflect the resilience and performance of
the Dominican Republic's economy in key sectors such as tourism,
trade, and agriculture, Dominican Today adds.

                   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.


[] DOMINICAN REPUBLIC: Socialize Social Action Strategies w/Mexico
------------------------------------------------------------------
Dominican Today reports that Tony Pena, the coordinator of the
Social Policy Cabinet, along with Alex Mordan, the executive
director of the "Oportunidad 14-24" program, and Van Elder Espinal,
the technical director of the Social Policy Cabinet, are currently
visiting Mexico to discuss strategies for social development
between the two nations.

The purpose of this visit, which focuses on South-South
cooperation, is for the Dominican Republic government to learn from
Mexico's approach to social and human development, according to
Dominican Today.  They aim to understand Mexico's strategies in
planning, monitoring, and evaluating public programs that promote
social policies, particularly with regard to inclusion and
prioritizing disadvantaged populations, the report notes.

Tony Pena stated that the Dominican government is interested in
studying Mexico's experience in youth policies, specifically their
"Youth Building the Future" program, the report relays.  The
objective is for the Social Policy Cabinet to enhance the
implementation of the "Opportunity 14-24" program, which also aims
to promote social and employment inclusion for young Dominicans,
the report discloses.

Representatives from the United Nations Development Program (UNDP)
in the Dominican Republic, Socrates Barinas, and in Mexico, Cynthia
Martinez and Edgar Esquinca, were also present at the meeting,
further promoting collaboration and knowledge exchange between the
two countries, the report adds.

                   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: Lower Inflation Influenced Decision to Maintain Rate
-------------------------------------------------------------
RJR News reports that the Bank of Jamaica (BOJ) says its decision
to hold the policy interest rate at 7% was influenced by lower
inflation.

The BOJ's monetary policy committee unanimously decided to hold the
rate offered to deposit-taking institutions on overnight placements
in its latest decision, as it says recent economic developments are
showing some positive signs, according to RJR News.

The rate has been at 7% since November last year, the report
notes.

Lower inflation influenced the decision, with the annual rate of
price increases as at May, being 6.1%, the report relays.

Steadying commodity prices, including the cost of grains, fuel and
shipping prices also influenced the move, the report discloses.

The next monetary policy decision is to be announced on August 18.

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.




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

[*] BOND PRICING COLUMN: For the Week June 26 to June 30, 2023
--------------------------------------------------------------
Issuer               Cpn    Price      Maturity   Country    Curr
------               ---    -----      --------   -------    ----
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
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
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
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
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
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
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Information contained herein is obtained from sources believed to
be reliable, but is not guaranteed.

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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.
.


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