Category: 2023 Deals of the Year Awards

A public offering of common shares was the approach the government of Brazil’s Paraná state chose in order to privatize one of its largest and most profitable companies, Companhia Paranaense de Energia (Copel). Privatizations are rarely smooth sailing – especially in Brazil where opposition to divestments by the public sector can be fierce. The formula […]

Sometimes, size matters. That was the case for Brazilian food conglomerate JBS last September when it issued a $2.5 billon bond – the largest by a Brazilian corporate since 2020, which also incorporated the largest corporate 10-year tranche out of the country since 2018. It was also the only 30-year corporate bond from Brazil in […]

Chile has long set the gold standard for sovereign bonds in Latin America. In recent years, it has worked towards doing the same when it comes to sustainable debt, too. Its achievement is not just noteworthy in a regional context but also at a global level. The country, which wins Sustainable Sovereign Issuer of the […]

Vesta, a Mexican industrial real estate developer and management company, wanted to send a clear signal to the market about its plans to take its business to new heights amid soaring rental prices and surging optimism over prospects for Mexico’s manufacturing sector. Listed on the Mexican bourse for 10 years, Vesta chose to go global […]

When markets are jittery, issuers need to be able to spot windows of opportunity in order to fund. Chilean copper giant Codelco was able to do just that last September – despite there being only fleeting such moments over the past year – in a transaction that demonstrated the company’s ability to access competitive funding […]

The energy sector was one of the few bright spots in Argentina in 2023, as the country emerged as a new player in South America’s energy industry. Argentina began to aggressively monetize its vast shale gas and oil reserves, the second the largest in the world, and add new renewable electricity generation. Investment in lithium, […]

FEMSA, the Mexican multinational beverage and retail company, hit the accelerator on its reorganization plan in 2023, streamlining its business into three large divisions. The company has refocused attention on its Coca-Cola bottling operations, retail/health division and its digital business. As part of the process, FEMSA announced that it would end its partnership with Heineken, […]

América Móvil, Mexico’s largest publicly traded company, achieved a number of firsts when it came to market in June 2023 with a bold new issue to increase its funding in local currency. The nearly 17 billion pesos ($1 billion) in 9.5% senior notes due in 2031 marked América Móvil’s first peso issuance since 2015, the […]

Brazilian law firm Machado Meyer started 2023 with high expectations for local capital markets. The first months of the year threw cold water on that. Brazil started the year with a new left-wing government making noises that the market did not like. Corporate bankruptcies at domestic firms Americanas and Light sparked a credit crunch in […]

There is little question that demand for electricity in Latin America will increase significantly over the next decade driven by growing electrification and industrial activity. Ensuring the infrastructure is in place for power to get to where it needs to, however, remains a key challenge – but one that’s being actively addressed as the power […]