After a turbulent 2010, equity bankers and investors are hoping for a smoother 2011, with continued strong volume.
Yearly Archives: 2011
Posted inMagazine
M&A: Consolidation Fever
In the year to November 29, a total of 1,221 M&A deals worth $244.6 billion involving a LatAm acquirer or target had taken place, according to Dealogic.
Posted inMagazine
BEST INVESTMENT BANK
Credit Suisse is back on top again, aiming to leverage relationships throughout emerging markets to further stoke the coals of its LatAm investment banking engine. The Swiss house coasts on rising revenue from M&A, equity and fixed income, but has not slipped into complacency.
Posted inMagazine
BEST BOND HOUSE
The rapidly rising tide of LatAm fixed income lifted all underwriters in 2010, creating at least four serious contenders for Best Bond House.
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BEST EQUITY HOUSE
Late 2009 and 2010 will be remembered as a period when equity issuance returned to LatAm with mixed results.
Posted inMagazine
BEST SOVEREIGN ISSUER
A $1.5 billion dual-currency bond issue in July 2010 of dollar denominated and global-local notes marked the re-emergence of Chile, a historically infrequent issuer, and set a benchmark for its corporates.
Posted inMagazine
BEST CORPORATE ISSUER
América Móvil (AMX) is a frequent star of LatAm issuance, beloved by investors despite its razor thin spread and feared by bankers for its rigorous execution standards.
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BEST CORPORATE BOND
Southern Copper Corporation (SCC) saw jumbo demand for a $1.5 billion April 2010 issue of new 10 and 30-year bonds, which were tightly priced but still traded up.
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BEST SYNDICATED LOAN
At a time when the syndicated loan market was still thawing from a deep, crisis-driven freeze, Americas Mining Corporation (AMC), a wholly-owned subsidiary of Grupo México, provided an encouraging sign.
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BEST CORPORATE LIABILITY MANAGEMENT
After suffering derivative losses in the 2008-2009 crisis, Brazil’s Aracruz Celulose was purchased by Votorantim Celulose e Papel.