* Brazil's Lojas Americanas hires CS to analyze capital
* JBS raises US$2.8bn, extends debt maturity
* Ecuador election may be LatAm's next big score - investors
By Mike Gambale
NEW YORK, Feb 3 (IFR) - There are no new deals pricing in
the LatAm primary market on Friday.
THIS WEEK'S US$ VOLUME:
3 tranches for US$1.5bn
20 tranches for US$21.677bn
2 tranches for US$1.1bn
22 tranches for US$22.777bn
OTHER CURRENCIES THIS WEEK:
1 tranche for E600m
1 tranche for US$300m equivalent
Compania Latinoamericana de Infraestructura y Servicios
(CLISA) has set initial price thoughts of high 9% on a US$100m
tap of its 9.5% 2023 bonds.
The Argentine infrastructure firm is expected to price the
deal as soon as Monday through BCP Securities and Santander. The
company issued US$200m of the notes in July last year, pricing
them at 98.753 to yield 9.75%. Ratings are B-/B-.
The Province of Buenos Aires is readying fixed-income
investors meetings as it prepares to market a US dollar bond
The borrower will split into two teams and will be in New
York and London on February 6 and in New York and Boston on
February 7. Ratings are B3/B-. BBVA, BNP Paribas and JP Morgan
have been mandated to coordinate the meetings.
Stoneway Capital Corporation, a private company with equity
contributed by Siemens AG, formed for the purpose of
constructing, owning, and operating four simple-cycle power
generating plants in the Buenos Aires region of Argentina, has
secured four Power Purchase Agreements through CAMMESA for a
10-year period on each. The company mandated Jefferies as sole
global coordinator and Jefferies and Seaport Global as
joint-bookrunners to arrange meetings with fixed income
investors starting on January 31 for a US$500m US
dollar-denominated 144A/Reg S senior secured offering of 10-year
The roadshow schedule is as follows: Wed Feb 1: New York,
Thu Feb 2: New York, Fri Feb 3: Los Angeles, Mon Feb 6: Boston,
Tue Feb 7: London, Wed Feb 8: London, Thu Feb 9:
Peruvian mortgage bank Fondo Mivivienda started roadshows
this week to market a possible sol and/or dollar denominated
The company wrapped up roadshows in New York on Friday.
Expected ratings are BBB+/BBB+ by S&P and Fitch. Morgan Stanley
and Scotiabank have been mandated to organize the fixed-income
Fondo Mivivienda is controlled by the government of Peru
and is the country's leading mortgage financing developer and
Uruguay will sell $2.05 billion in debt in 2017, up from
$1.7 billion last year, the Economy Ministry said in a report,
as the country aims to balance its books after posting its
sharpest fiscal deficit in years.
The South American country's financing needs will total
$2.97 billion, the report said. The country plans to receive
$550 million from multilateral lenders and will tap reserves for
$200 million, with the remaining $170 million coming from other
Argentina plans to issue US$1.5bn-$2bn of Swiss franc bonds
in two to three issuances this year, one of which will be in the
first quarter, Reuters quoted Finance Minister Luis Caputo
Caputo has previously said a total of $3 billion in
non-dollar bonds will be issued this year, following the sale of
$7 billion in dollar bonds last month.
Brazilian power company Neoenergia is considering a possible
US dollar bond debut this year after sending out requests for
proposals in late 2016, two market sources told IFR.
Neoenergia Group's principal shareholders are Banco do
Brasil's pension fund Previ, with a 49.01% stake, and Spain's
Iberdrola with a 39% stake, according to the company's website.
Paraguay is considering raising up to US$550m in the bond
market in March, Reuters quoted Finance Minister Santiago Pena
Inversiones Atlantida, the largest financial group in
Honduras, has finished roadshows to market a potential debut US
dollar bond through Oppenheimer. Expected ratings are B/B by S&P
(Reporting by Mike Gambale; Editing by Paul Kilby and Shankar