The offer, launched on November 21 2000, is for the outstanding shares of two of its distribution subsidiaries, Chilectra and Rio Maipo.
The program, a re-do of one done last year, was signed between CABEI and Barclays Bank PLC. It is designed to finance foreign trade operations in Central America and was effective as of November 21, 2000.
On October 31, 2000, BBVA Banco Francés SA completed the offering of floating rate notes in the principal amount of US$150 million, due 2002.
The Central Bank of Brazil (BACEN) issued Resolution No 2786 on October 18, 2000, which enacted new rules allowing foreign investors to contract the local currency exchange directly with the Brazilian Chamber of Clearing and Custody (CBLC), the Clearing of the São Paulo Stock Exchange (BOVESPA).
Caracas's d'Empaire Reyna advised BBO in its US$116 million public share offer to obtain control of Consolidated, a subsidiary of Sivensa, which was advised by Rodríguez & Mendoza.
The regulations, published in the Official Gazette No. 36.961 in May, have been amended by the Offcial Gazette No 37.039, of September 19, 2000.
Jorge Geza Zzepiaku Otahola was appointed on November 13 to Procompetencia, the Venezuelan antitrust authority, replacing Lelly Milani, who has returned to her post as deputy superintendent.
The final US$25 million was lent to Central Termoeléctrica on September 21, with the yen equivalent of US$70 million having been lent to Central Costanera two months earlier.
The Ministry of Finance and Public Credit issued these rules to set forth and clarify the conditions applicable to foreign issuers who are interested in registering and offering their stock in the Mexican Stock Market. These conditions are designed to allow the offering of international securities in the Mexican Stock Market in an effort to internationalise it and turn it into a hub stock exchange for Latin America.
In the last three months the National Securities Commission (Comisión Nacional de Valores - CNV), the body in charge of the supervision of the capital market in Argentina, issued two resolutions by means of which the regulatory regime for tender offers was modified.