EXHIBIT 14 current Yields on Selected Debt Issues in South America
Company / Rating* / Form of Debt / Coupon / Maturity Date / Current yield / Yield to Maturity
.................................
Sola S. A. BBB. Notes
HABASA. BBB. Subordinated notes
Mercado. S. A. CCC+. Subordinated debenture
Orientation S. A. BBB- Notes
Serenidad. S. A. CCC- Senior sinking - fund debenture
Turismo. S. A. CCC- Senior subordinated notes
Util. S. A. CCC. Subordinated sinking - fund debenture
Tulipan S. A. CCC- Sinking fund debenture
Recent Private Placement Yields, BBB- Issues
Company. / Form of Debt / Maturity Date / Coupon
........................
January Grua S. A. Fixed rate notes
Globo. S. A. Senior notes
Disquete. S. A. Senior notes
February Energa S. A. Senior notes
Energa. S. A. Senior notes
Vemco. S. A. Subordinated secured notes
March. Liza Solaro S. A. Secured nonrecourse notes
Dorar S. A. Secured notes
Contrahacer S. A. Senior secured notes
Coronar S. A. Senior notes