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.
Author Archives: LatinFinance Awards
BEST LAW FIRM — LATIN AMERICA/MEXICO
New York-based Cleary Gottlieb Steen & Hamilton is no stranger to megadeals.
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.
BEST LAW FIRM — BRAZIL
The merger of Brazil’s two largest retailers – Casas Bahia and Globex, a unit of Pão de Açúcar – was no easy task.
BEST CORPORATE LIABILITY MANAGEMENT
After suffering derivative losses in the 2008-2009 crisis, Brazil’s Aracruz Celulose was purchased by Votorantim Celulose e Papel.
BEST LAW FIRM — CHILE
Chile’s Claro y Cía, established in 1880, is no stranger to complex M&A. In 2010 it acted as legal counsel for LAN Airlines in its merger with Brazil’s TAM that promises to be the largest airline in the region.
BEST LOCAL CURRENCY FINANCING
Colombia paved the way for LatAm issuers in April with an $800 million 2021 equivalent global TES bond. It braved the market to issue the first global local currency deal from LatAm since 2007, according to Dealogic.
DEALS OF THE YEAR RESULTS
Biggest, tightest, longest, cheapest. Superlatives abound when describing LatAm capital markets and advisory for the last 12 months, and many bankers expect the good times to continue rolling.
Best Bank – Mexico
Mexican retail banks are known for making customers pay through their noses.
Best Bank – Costa Rica
State-controlled Banco de Costa Rica has gained market share through the financial crisis, growing the loan portfolio and expanding facilities.
