Brasil 18/05/2016 Precio Empresa Rubro Rating Cupón Compra Venta Vencimiento TIR

Transcripción

1 CORPORATIVOS LATAM 23/05/2016 Brasil 18/05/2016 Precio Empresa Rubro Rating Cupón Compra Venta Vencimiento TIR * BERTIN SA & FINANCE LTD Food Ba2 10,250% 101, ,750 05/10/2016 0,022% * CCB BANCO INDUSTR E COMR Banks Ba1 8,500% 100, ,400 27/04/2020 6,062% * BANCO MERCANT DO BRASIL Banks Caa1 9,625% 66,000 72,000 16/07/ ,823% * BRASKEM SA Chemicals BBB- 8,000% 101, ,341 26/01/2017 1,507% * BRASKEM FINANCE LTD Chemicals BBB- 7,000% 103, ,400 07/05/2020 5,188% BR MALLS INTL FINANCE Real Estate NR 8,500% 95,497 99,660 29/01/2049 8,529% * RAIZEN ENERGY FINANCE Food BBB- 7,000% 100, ,257 01/02/2017 0,789% * JBS SA Food BB+ 10,500% 100, ,535 04/08/2016-2,226% JBS USA LLC/JBS USA FINA Food BB+ 8,250% 103, ,250 01/02/2020 6,319% * ITAU UNIBANCO HLDG SA/KY Banks BB- 6,200% 105, ,477 15/04/2020 3,835% * ITAU UNIBANCO HLDG SA/KY Banks BB- 5,750% 102, ,000 22/01/2021 4,546% * TELEMAR NORTE LESTE SA Telecommunications CCC- 5,500% 28,582 32,512 23/10/ ,335% PETROBRAS GLOBAL FINANCE Oil&Gas B+ 2,000% 99, ,250 20/05/2016 # NUM! PETROBRAS GLOBAL FINANCE Oil&Gas B+ 6,125% 99, ,263 06/10/2016 0,000% PETROBRAS GLOBAL FINANCE Oil&Gas B+ 3,250% 98, ,442 17/03/2017 1,466% PETROBRAS GLOBAL FINANCE Oil&Gas B+ 8,375% 106, ,069 10/12/2018 4,562% PETROBRAS GLOBAL FINANCE Oil&Gas B+ 5,875% 99, ,500 01/03/2018 3,810% PETROBRAS GLOBAL FINANCE Oil&Gas B+ 7,875% 99, ,850 15/03/2019 6,739% PETROBRAS GLOBAL FINANCE Oil&Gas B+ 4,875% 89,000 91,500 17/03/2020 7,473% PETROBRAS GLOBAL FINANCE Oil&Gas B+ 5,750% 91,641 94,642 20/01/2020 7,446% PETROBRAS GLOBAL FINANCE Oil&Gas B+ 5,375% 87,125 89,909 27/01/2021 8,000% PETROBRAS GLOBAL FINANCE Oil&Gas B+ 4,375% 77,360 81,500 20/05/2023 7,865% PETROBRAS GLOBAL FINANCE Oil&Gas B+ 6,250% 85,000 88,500 17/03/2024 8,275% PETROBRAS GLOBAL FINANCE Oil&Gas B+ 6,875% 75,000 78,000 20/01/2040 9,164% PETROBRAS GLOBAL FINANCE Oil&Gas B+ 6,750% 74,886 77,804 27/01/2041 9,003% PETROBRAS GLOBAL FINANCE Oil&Gas B+ 5,625% 67,848 71,811 20/05/2043 8,245% PETROBRAS GLOBAL FINANCE Oil&Gas B+ 7,250% 78,261 82,256 17/03/2044 8,995% PETROBRAS GLOBAL FINANCE Oil&Gas B+ 6,850% 70,447 74,409 05/06/2115 9,206% * BANCO NAC DE DESEN ECONO Sovereign BB 6,369% 103, ,805 16/06/2018 3,430% EMBRAER OVERSEAS LTD Aerospace/Defense BBB 6,375% 105, ,105 15/01/2020 3,681% * EMBRAER OVERSEAS LTD Aerospace/Defense BBB 6,375% 101, ,184 24/01/2017 0,120% MARFRIG OVERSEAS LTD Food B+ 9,625% 100, ,900 16/11/2016 1,450% * MARFRIG OVERSEAS LTD Food B+ 9,500% 101, ,000 04/05/2020 7,995% * CIA SANEAMENTO BASICO Water BB 7,500% 100, ,000 03/11/2016 0,725% * BANCO DO BRASIL (CAYMAN) Banks Ba2 6,000% 103, ,877 22/01/2020 3,963% * BANCO DO BRASIL (CAYMAN) Banks B2 8,500% 93,500 98,500 29/10/2049 8,637% EMBRAER NETHERLANDS FINA Aerospace/Defense Ba1 5,050% 97, ,634 15/06/2025 4,825%

2 Rating Precio Empresa Rubro S&P Cupón Compra Venta Vencimiento TIR # BANCO DO BRASIL (CAYMAN) Banks Ba3 5,875% 95,395 98,465 19/01/2023 6,158% VALE OVERSEAS LIMITED Iron/Steel Ba3 4,625% 92,797 95,946 15/09/2020 5,697% VALE OVERSEAS LIMITED Iron/Steel Ba3 4,375% 87,355 90,542 11/01/2022 6,400% EMPRESA BRAS DE AERONAU Aerospace/Defense Ba1 5,150% 102, ,050 15/06/2022 3,481% * BANCO DO BRASIL (CAYMAN) Banks Ba3 5,375% 96,380 99,431 15/01/2021 5,514% * BANCO NAC DE DESEN ECONO Sovereign BB 5,500% 100, ,000 12/07/2020 4,692% * CSN ISLANDS XI CORP Iron/Steel B 6,875% 56,612 60,470 21/09/ ,057% * CSN RESOURCES SA Iron/Steel B 6,500% 53,000 56,500 21/07/ ,398% * CENT ELET BRASILEIRAS SA Electric BB 6,875% 95, ,466 30/07/2019 6,705% * GERDAU HOLDINGS INC Iron/Steel BBB- 7,000% 98, ,715 20/01/2020 6,462% * GTL TRADE FINANCE INC Iron/Steel BBB- 7,250% 100, ,823 20/10/2017 4,416% * MINERVA OVERSEAS LTD Distribution/WholesaleBB- 9,500% 97, ,000 01/02/2017 3,556% * ODEBRECHT FINANCE LTD Engineering&ConstrucB+ /*- 7,000% 31,750 35,750 21/04/ ,598% * VOTORANTIM INDUSTRIAL SA Mining BB+ /*- 6,625% 101, ,700 25/09/2019 5,074% * CIA BRASILEIRA DE ALUMIN Mining BB+ /*- 6,750% 100, ,397 05/04/2021 5,934% * BANCO VOTORANTIM Banks #N/A N/A 7,375% 103, ,580 21/01/2020 5,368% VALE OVERSEAS LIMITED Iron/Steel BBB- 6,875% 81,754 84,840 10/11/2039 8,359% * USIMINAS COMMERCIAL LTD Iron/Steel C 7,250% 65,000 69,000 18/01/ ,011% GOL FINANCE Airlines CC /*- 9,250% 27,000 31,500 20/07/ ,499% * GOL FINANCE Airlines #N/A N/A 8,750% 25,250 30,910 29/04/ ,288% VALE SA Iron/Steel BBB- 5,625% 73,500 77,500 11/09/2042 7,617% Argentina AEROPUERTOS ARGENT 2000 Engineering&Constructi B- 10,750% 106, ,500 01/12/2020 7,690% ARCOR SAIC Food B+ 7,250% 100, ,500 09/11/2017 2,683% * BANCO MACRO SA Banks CCC 9,750% 98, ,735 18/12/2036 9,337% BCO DE GALICIA Y BUENOS Banks #N/A N/A 16,000% 101, ,000 01/01/ ,185% TARJETA NARANJA SA Diversified Finan Serv B 9,000% 100, ,250 28/01/2017-1,550% EMP DISTRIBUIDORA NORTE Electric B3 9,750% 103, ,000 25/10/2022 8,124% INVERSIONES Y REPRESENTA Real Estate B- 8,500% 99, ,750 02/02/2017-1,186% INVERSIONES Y REPRESENTA Real Estate B- 11,500% 104, ,500 20/07/2020 8,446% PAN AMERICAN ENERGY LLC Oil&Gas B+ 7,875% 97, ,250 07/05/2021 7,324% PETROBRAS ARGENTINA SA Oil&Gas B+ 5,875% 98, ,962 15/05/2017 2,782% TRANSPORT DE GAS DEL SUR Pipelines B- 7,875% 98, ,750 14/05/2017 2,897% CIA TRANSPORTE ENERGIA Electric CCC 8,875% 98, ,250 15/12/2016 2,985% YPF SOCIEDAD ANONIMA Oil&Gas B 10,000% 99, ,750 02/11/2028 9,345% YPF SOCIEDAD ANONIMA Oil&Gas B 8,875% 106, ,250 19/12/2018 4,601% Chile * BANCO DEL ESTADO -CHILE Banks AA- 4,125% 105, ,207 07/10/2020 2,148% CELULOSA ARAUCO CONSTITU Forest Products&Paper BBB- 5,000% 106, ,139 21/01/2021 2,889% CELULOSA ARAUCO CONSTITU Forest Products&Paper BBB- 4,750% 104, ,699 11/01/2022 3,243% * EMPRESA NACIONAL DE PETR Oil&Gas BBB- 6,250% 108, ,310 08/07/2019 2,466%

3 Peru Rating Precio Empresa Rubro S&P Cupón Compra Venta Vencimiento TIR BANCO DE CREDITO DEL PER Banks BBB 5,375% 108, ,686 16/09/2020 2,500% BANCO DE CREDITO DEL PER Banks BBB 4,250% 103, ,256 01/04/2023 3,225% BANCO DE CREDITO DEL PER Banks BBB- 6,125% 107, ,000 24/04/2027 4,929% VOLCAN CIA MINERA SAA-CM Mining NR 5,375% 81,000 87,000 02/02/2022 8,283% ANDINO INVEST HOLDING Commercial Services B 11,000% 68,000 78,000 13/11/ ,429% BBVA BANCO CONTINENTAL Banks BBB 5,000% 107, ,290 26/08/2022 3,173% Colombia ECOPETROL SA Oil&Gas BBB 7,625% 110, ,050 23/07/2019 3,252% BANCOLOMBIA SA Banks BBB /*- 6,125% 105, ,000 26/07/2020 4,022% BANCOLOMBIA SA Banks BBB /*- 5,125% 99, ,250 11/09/2022 4,707% ECOPETROL SA Oil&Gas BBB 5,375% 93,640 96,531 26/06/2026 5,834% Mexico AMERICA MOVIL SAB DE CV Telecommunications A- 6,125% 115, ,720 15/11/2037 4,662% PETROLEOS MEXICANOS Oil&Gas BBB+ 9,250% 107, ,033 30/03/2018 3,074% PETROLEOS MEXICANOS Oil&Gas BBB+ 3,500% 91,750 94,125 30/01/2023 4,527% PETROLEOS MEXICANOS Oil&Gas BBB+ 4,875% 98, ,600 18/01/2024 4,623% PETROLEOS MEXICANOS Oil&Gas BBB+ 9,500% 118, ,496 15/09/2027 6,419% PETROLEOS MEXICANOS Oil&Gas BBB+ 6,625% 93,600 98,100 29/09/2049 6,768% GRUPO TELEVISA SAB Media BBB+ 8,500% 127, ,342 11/03/2032 5,583% PETROLEOS MEXICANOS Oil&Gas BBB+ 6,625% 100, ,900 15/06/2035 6,360% PETROLEOS MEXICANOS Oil&Gas BBB+ 6,625% 101, ,000 15/06/2038 6,453% EMPRESAS ICA SOCIEDAD Engineering&Constructi D 8,900% 21,250 26,250 04/02/ ,302% PETROLEOS MEXICANOS Oil&Gas BBB+ 5,500% 86,100 89,600 27/06/2044 6,293% PETROLEOS MEXICANOS Oil&Gas BBB+ 6,375% 96, ,127 23/01/2045 6,364% Venezuela PETROLEOS DE VENEZUELA S Oil&Gas CCC 5,125% 87,250 92,250 28/10/ ,971% PETROLEOS DE VENEZUELA S Oil&Gas CCC 5,250% 57,350 61,350 12/04/ ,071% PETROLEOS DE VENEZUELA S Oil&Gas CCC 8,500% 61,519 65,457 02/11/ ,039% PETROLEOS DE VENEZUELA S Oil&Gas CCC 9,000% 38,550 42,550 17/11/ ,768% PETROLEOS DE VENEZUELA S Oil&Gas CCC 12,750% 44,100 48,300 17/02/ ,587% PETROLEOS DE VENEZUELA S Oil&Gas CCC 6,000% 32,150 36,150 15/11/ ,621% PETROLEOS DE VENEZUELA S Oil&Gas CCC 5,375% 32,550 36,550 12/04/ ,755% PETROLEOS DE VENEZUELA S Oil&Gas CCC 9,750% 38,100 42,050 17/05/ ,656% PETROLEOS DE VENEZUELA S Oil&Gas CCC 5,500% 33,050 36,700 12/04/ ,114% ELECTRICIDAD DE CARACAS Electric CCC 8,500% 43,000 48,000 10/04/ ,925%

4 Nota de deuda según calificadoras Moody`s S&P Fitch Aaa AAA AAA Aa1 AA+ AA+ Aa2 AA AA Aa3 AA- AA- Grado A1 A+ A+ Inversor A2 A A A3 A- A- Baa1 BBB+ BBB+ Baa2 BBB BBB Baa3 BBB- BBB- Ba1 BB+ BB+ Ba2 BB BB Grado Ba3 BB- BB- Especulativo B1 B+ B2 B B B3 B- CCC+ CCC+ Caa CCC CCC Predominantemente Ca CC CC Especulativo, Riesgo C C C Sustancial o en DEFAULT CI La nota corresponde a deuda de largo plazo nominada en moneda extranjera D DDD DD D MAXIMA CALIDAD ALTA CALIDAD FUERTE CAPACIDAD DE PAGO CAPACIDAD ADECUADA DE PAGO PAGO PROBABLE PERO INCIERTO ALTO RIESGO RIESGO SUSTANCIAL CONDICIONES POBRES MUY ESPECULATIVO CASI DEFAULT NO PAGO de INTERES DEFAULT > Minimo de inversion USD 35,000! Minimo de inversion USD 70,000 Fuente: Bloomberg * Minimo de inversion USD 100,000 # Minimo de inversion USD 250,000 NOTA: Las cotizaciones que aquí aparecen son totalmente indicativas. Agradecemos se comuniquen telefónicamente para actualizar las mismas.- Asi mismo GBU Corredor de Bolsa, no asume responsabilidad alguna de decisión sobre compra y/o venta de los papeles ofrecidos, debiendo actuar exclusivamente el inversor de acuerdo a su propio análisis.- Rincon 531 Primer Piso - C.P Montevideo - Uruguay Tel.: / 87 Fax:

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