Ecuador’s Banco Pichincha has been busy expanding within and beyond the country’s borders. At the same time, it has been able to keep its financial indicators in line with or better than that of the banking system as a whole.
Author Archives: LatinFinance Awards
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BEST FOLLOW-ON EQUITY ISSUE
A 5.3 billion real equity follow-on from Brasil Foods (BRF) was the standout in 2009 for a combination of disciplined execution in choppy times and its participation in the creation of the world’s second largest animal protein exporter.
Posted inMagazine
BEST CORPORATE BOND
In April, Telemar struck with the first benchmark-sized bond from a non quasi-sovereign LatAm corporate.
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BEST CROSS-BORDER M&A DEAL
Brazil’s Companhia Siderúrgica Nacional (CSN) sold in October 2008 a 40% stake of iron ore unit Namisa to a consortium of Japanese and Korean companies when iron ore prices were sliding, as were practically all other commodities amid the global financial slump.
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BEST SOVEREIGN ISSUER
Brazil brought the first sovereign bond of 2009 – on the same day as Colombia – though credit for reopening emerging markets goes to Mexico’s daring 2019 three weeks before in mid-December.
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BEST DOMESTIC M&A TRANSACTION
The merger of Itaú and Unibanco created Brazil’s largest bank by equity, assets and loan portfolio, and the eleventh largest in the world by market cap.
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BEST SOVEREIGN BOND
In a dazzling display of all it has achieved this decade, Mexico cracked open international bond markets for EM issuers just before Christmas 2008 with a tightly priced $2 billion 10-year benchmark that took out much of 2009 funding needs.
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BEST PROJECT FINANCE DEAL
Securing $1.34 billion in 10-year money through a quasi-syndication in a year when even high quality five-year projects in Chile struggle is a major feat.
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BEST QUASI SOVEREIGN BOND
It had been two years since a non-sovereign entity has issued bonds from Colombia, a country whose economic and security improvements landed it near the top of many EM investor wish lists.
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BEST STRUCTURED FINANCING
When regulators stepped in to set guidelines for quasi-equity structures sold in Mexico’s domestic bond market, a new asset class was born.