The best of Latin America’s capital markets users took full advantage of favorable conditions while they lasted. Hindsight shows the value of doing so
Category: Deals of the Year Awards
M&A HOUSE: Credit Suisse
The Swiss bank worked on several notable deals in an otherwise quiet year, but it expects mergers and acquisitions to increase in 2014
BOND HOUSE: Citi
Choppy markets for bond issuers in 2013 demanded creative solutions to get deals done. That’s
unlikely to change in the year ahead
PRIVATE EQUITY DEAL: BTG Infrastructure Fund/GlobeNet
Brazilian telecom Oi freed capital and cut debt by selling a submarine cable system, but still kept access to the network
CORPORATE HIGH-GRADE BOND: Femsa $1 bn 2023/2043
A record-low yield from a new issuer highlighted the strength of demand for emerging market paper
QUASI-SOVEREIGN BOND: Petrobras $11bn jumbo
Timing, size and execution were all remarkable in this attention-grabbing bond sale
CORPORATE HIGH-YIELD BOND: Cosan $500m/BRL500m dual tranche bond
The Brazilian energy and infrastructure firm reopened the global-real market, and says local currency funding is set to become even more important this year
SOVEREIGN BOND: Republic of Chile $1.5 bn 2022/2042
Chile impressed with the lowest coupon and yield ever achieved by a Latin American issuer for the 10 and 30-year tranches
CORPORATE ISSUER: América Móvil
LOCAL CURRENCY DEAL
FINANCING INNOVATION
América Móvil MXN15bn global peso bond
Pioneering a new type of local currency instrument and swaggering into European hybrid debt has set América Móvil apart as Latin America’s most sophisticated borrower
SOVEREIGN ISSUER/LIABILITY MANAGEMENT: United Mexican States / Mexico €1.6bn new issue and tender
Mexico’s foresight, nimbleness and use of innovative structures marks it out as Latin America’s most sophisticated sovereign borrower
