Category: 2025 Deals of the Year Awards

In a year marked by volatile markets, geopolitical shocks and selective investor risk appetite, JBS delivered one of the most comprehensive and convincing capital markets performances ever seen from a […]

El Salvador’s Comisión Ejecutiva Hidroeléctrica del Río Lempa rewrote the country’s capital-markets playbook in 2025 with an inaugural international bond that combined scale, structure and timing in a way few […]

Water security sits at the heart of El Salvador’s most ambitious sovereign liability management exercise to date, a landmark $1 billion debt-for-nature swap that combines balance sheet relief with long-term […]

South America’s commodity powerhouses rely on infrastructure corridors to move product to market. Few are as critical — or as underappreciated — as the Paraná–Paraguay Waterway, a 4,000-kilometer river system […]

A carefully timed return to the international capital markets, combined with a clear social mandate and robust execution, sees Caixa Econômica Federal’s $700 million social bond — which wins the […]

In a year when Brazil’s capital markets slowed and deal windows narrowed, BTG Pactual pushed in the opposite direction. The São Paulo-based bank expanded its footprint across debt, equity and […]

Equity capital markets in Latin America remained selective and fragile in 2025. Liquidity was concentrated in a small number of issuers, volatility persisted in Brazil and most markets saw only […]

The mandate of development finance institutions is often described in simple terms: provide long-term capital on reasonable terms while mobilizing private investment to support economic growth. In practice, few transactions […]

Mexico set the tone for global emerging-market issuance in 2025 with a record-breaking $8.5 billion triple-tranche US dollar bond that combined scale, precision and impeccable timing. Executed in the first […]

Pemex’s $9.9 billion tender offer was not just large — it was precisely timed. Executed in September at the tail end of a coordinated sovereign funding program, the liability-management operation […]