When regulators stepped in to set guidelines for quasi-equity structures sold in Mexico’s domestic bond market, a new asset class was born.
Category: Awards
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BEST LOAN HOUSE
Santander has demonstrated in the past 14 months that it has what it takes to weather a downturn and remain an active lender.
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BEST TRADE FINANCE DEAL
In a tough year for trade finance, leading borrower América Móvil proved that diversification to the east is not just for rogue governments strapped for cash.
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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 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 Bank Mexico: Capitalizing on Crisis
Since the collapse of Lehman, Mexican authorities have come out repeatedly to defend their nation’s banking system as competitive, profitable and well capitalized.
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Best Bank Bolivia: Still on Top
Banks operating in the smaller LatAm economies have hunkered down during the crisis and the pecking order has remained largely the same as a result. In Bolivia, the dominant bank remains Banco Mercantil Santa Cruz (BMSC).
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Best Bank Colombia: Extending Reach
Despite Colombia’s generally sturdy fundamentals during the financial crisis, its financial institutions have had to swallow their share of bitter cocktails, including isolated corporate derivative losses, toxic Lehman notes, Stanford fallout, and slowing exports to the US. An uptick in unemployment and slower economic growth also boosted defaults at the retail and corporate levels for all banks.
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Best Bank Trinidad & Tobago: Bailout Assistant
Not every bank is able to say it benefitted from assisting the government bail out troubled financial entities, but Trinidad & Tobago’s First Citizens Bank can.
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Best Local Investment Bank Colombia: Taking on the Big Boys
Bancolombia looms large in some of Colombia’s most important markets, including DCM and project finance advisory.