The cement maker’s rehabilitation in global markets goes on, most impressively this year in a dual-currency bond combined with a liability management exercise
Category: Deals of the Year Awards
AWARDS: PRIVATE EQUITY DEAL
A sale that gave a three-times return on capital was a showcase of the benefits of pension fund investment in private equity firms
AWARDS: CORPORATE LIABILITY MANAGEMENT
The deal’s negative new issue premium marked the culmination of a long-running liability management program that has lengthened the Brazilian company’s maturity profile
AWARDS: QUASI-SOVEREIGN BOND
Argentina’s largest-ever corporate bond had orders from more than 300 accounts, including real money and retail — a big achievement given its owner’s turbulent relationship with markets
AWARDS: CROSS-BORDER M&A DEAL
This large investment came as doubts grew over mining industry profitability, securing investment in a project that’s pivotal to Peru’s economy
AWARDS: RESTRUCTURING
Restructuring debt can be a messy business. This Brazilian company showed it can be streamlined
AWARDS: DEALS OF THE YEAR 2014
Astute decision making became more important in 2014 as investor concern about emerging markets grew, Mexico’s reforms took shape and Brazil’s elections paused deals. LatinFinance selects the deals and institutions that managed those hurdles most effectively
AWARDS: SOVEREIGN BOND
The state managed to increase the deal’s size and tighten a landmark return to the Eurobond markets after its 2008 default
AWARDS: DOMESTIC M&A DEAL
A merger of two companies with no control groups created a benchmark for M&A in Brazil in education and other industries
AWARDS: SOVEREIGN ISSUER
With liability management, a rare long-tenor deal in yen and a 100-year sterling bond, the issuer retains its lead among regional sovereigns