Venezuela & PDVSA Indicative Run

 

                     Bid Ask         Bid Ask

Security              Px Px          YTM YTM    Bench

—————————————————————-

**Venezuela***

VENZ   10¾  13  101.500-102.500   5.934/2.929  2YR

VENZ   8½   14  102.500-103.500   6.563/5.811  2YR

VENZ   5¾   16   95.000-96.000    7.792/7.372  2YR

VENZ   13⅝  18  115.500-116.500   9.761/9.536  5YR

VENZ   7     18   92.500-93.500    8.740/8.498  5YR

VENZ   7¾   19   93.000-94.000    9.221/9.002  5YR

VENZ   6     20   82.000-83.000    9.380/9.169  7YR

VENZ   12¾  22  113.000-114.000  10.512/10.355 10YR

VENZ   9     23   94.000-95.000    9.962/9.796  7YR

VENZ   8¼   24   89.000-90.000    9.878/9.718  7YR

VENZ   7.65  25   84.750-85.750    9.851/9.691  10YR

VENZ   11¾  26  107.000-108.000  10.750/10.615 10YR

VENZ   9¼   27   96.500-97.500    9.704/9.571  7YR

VENZ   9¼   28   93.750-94.750   10.066/9.930  30YR

VENZ   11.95 31  108.500-109.500  10.864/10.746 30YR

VENZ   9⅜   34   94.250-95.250   10.038/9.917  30YR

VENZ   7     38   78.500-79.500    9.216/9.092  30YR

**VENZ CORPS***

PDVSA  8     13  100.500-101.500   6.929/4.836  2YR

PDVSA  4.9   14   96.750-97.750    7.326/6.567  2YR

PDVSA  5     15   92.750-93.750    8.351/7.870  3YR

PDVSA  5⅛   16   88.250-89.250    9.191/8.820  5YR

PDVSA  5¼   17   86.500-87.500    9.478/9.138  5YR

PDVSA  8½   17   96.750-97.750    9.409/9.125  5YR

PDVSA  9     21   92.750-93.750   10.301/10.114 10YR

PDVSA  12¾  22  110.000-111.000  10.936/10.768 10YR

PDVSA  5⅜   27   67.750-68.750    9.634/9.463  30YR

PDVSA  9¾   35   92.500-93.500   10.639/10.513 30YR

PDVSA  5½   37   65.000-66.000    9.122/8.979  30YR

SIDETU 10    16   61.000-68.000   30.739/26.001 3YR

ELECAR 8½   18   83.500-84.500   13.182/12.866 5YR

 

The prices contained herein are indicative as of the time of publication.  They do not represent firm bids and offers.  For up to date pricing please contact your Avila Capital Markets representative.  This is not a recommendation, solicitation, or offer to buy or sell any securities or other financial products

Chile Keeps Rate at 5% as Policy Makers Weigh Dual-Speed Economy

Chile’s central bank kept borrowing costs unchanged yesterday for a 16th consecutive month as policy makers weigh the impact of a consumer spending boom and stagnant manufacturing output.

The bank board, led by the institution’s president, Rodrigo Vergara, held the benchmark rate at 5 percent, as forecast by all 17 analysts surveyed by Bloomberg. The bank last changed rates in January 2012 with a quarter-point reduction that surprised economists.

Read full article…

http://www.bloomberg.com/news/2013-05-16/chile-keeps-key-interest-rate-at-5-amid-dual-speed-economy.html

Venezuela & PDVSA Indicative Run

Bid Ask         Bid Ask

Security              Px Px          YTM YTM    Bench

—————————————————————-

**Venezuela***

VENZ   10¾  13  101.750-102.750   5.223/2.256  2YR

VENZ   8½   14  102.000-103.000   6.946/6.190  2YR

VENZ   5¾   16   94.500-95.500    8.002/7.580  2YR

VENZ   13⅝  18  114.000-115.000  10.104/9.876  5YR

VENZ   7     18   91.250-92.250    9.045/8.800  5YR

VENZ   7¾   19   91.500-92.500    9.554/9.331  5YR

VENZ   6     20   81.250-82.250    9.539/9.326  7YR

VENZ   12¾  22  111.750-112.750  10.711/10.552 10YR

VENZ   9     23   92.750-93.750   10.173/10.004 7YR

VENZ   8¼   24   87.500-88.500   10.121/9.958  7YR

VENZ   7.65  25   84.000-85.000    9.973/9.810  10YR

VENZ   11¾  26  106.000-107.000  10.886/10.750 10YR

VENZ   9¼   27   95.250-96.250    9.873/9.738  7YR

VENZ   9¼   28   93.000-94.000   10.170/10.032 30YR

VENZ   11.95 31  107.500-108.500  10.984/10.864 30YR

VENZ   9⅜   34   93.250-94.250   10.160/10.038 30YR

VENZ   7     38   77.500-78.500    9.343/9.216  30YR

**VENZ CORPS***

PDVSA  8     13  100.250-101.250   7.463/5.371  2YR

PDVSA  4.9   14   96.000-97.000    7.897/7.131  2YR

PDVSA  5     15   92.000-93.000    8.713/8.227  3YR

PDVSA  5⅛   16   87.250-88.250    9.564/9.188  5YR

PDVSA  5¼   17   86.250-87.250    9.561/9.220  5YR

PDVSA  8½   17   95.750-96.750    9.696/9.409  5YR

PDVSA  9     21   92.000-93.000   10.444/10.254 10YR

PDVSA  12¾  22  109.000-110.000  11.107/10.937 10YR

PDVSA  5⅜   27   66.750-67.750    9.807/9.633  30YR

PDVSA  9¾   35   91.750-92.750   10.734/10.607 30YR

PDVSA  5½   37   64.500-65.500    9.194/9.050  30YR

SIDETU 10    16   61.000-68.000   30.722/25.988 3YR

ELECAR 8½   18   83.000-84.000   13.340/13.021 5YR

The prices contained herein are indicative as of the time of publication.  They do not represent firm bids and offers.  For up to date pricing please contact your Avila Capital Markets representative.  This is not a recommendation, solicitation, or offer to buy or sell any securities or other financial products

Brazil’s BNDES Considering Selling Bonds Abroad, Coutinho Says

Brazil’s state development bank, known as BNDES, is considering selling bonds abroad for the first time since 2011 to help finance its international lending program, President Luciano Coutinho said.

The Rio de Janeiro-based bank will make a decision on its sale plans this month, Coutinho said in an interview at Bloomberg headquarters in New York yesterday.

The lender is studying tapping international capital markets after Petroleo Brasileiro SA, also controlled by Brazil’s government, sold $11 billion of bonds earlier this week, a record for an emerging-market company. Yields on BNDES’s $1 billion of 5.5 percent securities due 2020 have fallen to 3.24 percent after reaching a nine-month high of 3.5 percent last month, according to data compiled by Bloomberg.

Read full article…

http://www.bloomberg.com/news/2013-05-15/brazil-s-bndes-considering-selling-bonds-abroad-coutinho-says.html

Venezuela & PDVSA Indicative Run

 

 

                     Bid Ask         Bid Ask

Security              Px Px          YTM YTM    Bench

—————————————————————-

**Venezuela***

VENZ   10¾  13  101.750-102.750   5.268/2.324  2YR

VENZ   8½   14  102.250-103.250   6.759/6.008  2YR

VENZ   5¾   16   94.500-95.500    8.000/7.578  2YR

VENZ   13⅝  18  113.500-114.500  10.221/9.991  5YR

VENZ   7     18   91.000-92.000    9.106/8.860  5YR

VENZ   7¾   19   91.500-92.500    9.553/9.330  5YR

VENZ   6     20   81.000-82.000    9.592/9.378  7YR

VENZ   12¾  22  111.500-112.500  10.751/10.592 10YR

VENZ   9     23   92.000-93.000   10.302/10.131 7YR

VENZ   8¼   24   87.000-88.000   10.203/10.039 7YR

VENZ   7.65  25   83.500-84.500   10.055/9.891  10YR

VENZ   11¾  26  105.500-106.500  10.955/10.818 10YR

VENZ   9¼   27   94.750-95.750    9.942/9.805  7YR

VENZ   9¼   28   92.500-93.500   10.239/10.100 30YR

VENZ   11.95 31  106.750-107.750  11.075/10.954 30YR

VENZ   9⅜   34   92.500-93.500   10.253/10.129 30YR

VENZ   7     38   77.000-78.000    9.407/9.279  30YR

**VENZ CORPS***

PDVSA  8     13  100.250-101.250   7.468/5.387  2YR

PDVSA  4.9   14   95.750-96.750    8.084/7.317  2YR

PDVSA  5     15   91.750-92.750    8.831/8.344  3YR

PDVSA  5⅛   16   87.000-88.000    9.655/9.278  5YR

PDVSA  5¼   17   85.750-86.750    9.730/9.387  5YR

PDVSA  8½   17   95.250-96.250    9.841/9.552  5YR

PDVSA  9     21   91.500-92.500   10.539/10.348 10YR

PDVSA  12¾  22  108.500-109.500  11.193/11.022 10YR

PDVSA  5⅜   27   66.000-67.000    9.939/9.763  30YR

PDVSA  9¾   35   91.000-92.000   10.831/10.702 30YR

PDVSA  5½   37   64.000-65.000    9.268/9.121  30YR

SIDETU 10    16   61.000-68.000   30.706/25.975 3YR

ELECAR 8½   18   83.000-84.000   13.337/13.020 5YR

The prices contained herein are indicative as of the time of publication.  They do not represent firm bids and offers.  For up to date pricing please contact your Avila Capital Markets representative.  This is not a recommendation, solicitation, or offer to buy or sell any securities or other financial products

Itau Agrees to Pay Citigroup $1.37 Billion to Reclaim Credicard

Itau Unibanco Holding SA, Latin America’s largest bank by market value, agreed to buy Citigroup Inc. (C)’s Credicard unit for 2.77 billion reais ($1.37 billion), gaining an additional 10 percent share of Brazil’s card market.

Itau will add about 4.8 million accounts with the acquisition of Credicard, a company it helped create, according to a filing yesterday. Sao Paulo-based Itau also will acquire Credicard’s consumer-finance business. The sale is expected to result in a gain of $300 million, or 10 cents a share, for Citigroup, the New York-based bank said in a statement.

Read full article…

http://www.bloomberg.com/news/2013-05-14/itau-agrees-to-pay-citigroup-1-37-billion-to-retake-credicard.html

Republicans Risk Razing Arizona Edge by Losing Hispanics

Allan Lira has walked more miles on the streets of Phoenix than he can count, knocked on hundreds of doors, and, with the polish of a seasoned precinct captain, appealed to Latino voters to exercise a right that he may never have.

Lira, 17, is a serious-beyond-his-years high school senior, a fresh face in an effort to rouse the growing Latino population in Arizona and turn it from a place where Republicans hold all statewide offices into an electoral battleground.

Read full article…

http://www.bloomberg.com/news/2013-05-13/republicans-risk-razing-arizona-edge-by-losing-hispanics.html