AWARDS: PROJECT & INFRASTRUCTURE FINANCE 2016

Borrowers, bankers, sponsors and lenders have pushed the boundaries once again to develop innovative financing packages for Latin American infrastructure

Since LatinFinance launched its Project & Infrastructure Finance Awards in 2013, the structural complexity of financing solutions has deepened and the range of investors being drawn into the industry has broadened. As a result, the projects reaching construction have grown in size and sophistication.

The financing packages recognized in LatinFinance’s 2016 Project and Infrastructure Awards are testament to that.

Ingenuity could be seen in several deals, including a landmark $3 billion revolving credit facility that helped Grupo Aeroportuario de la Ciudad de México move forward with new international airport in Mexico City. The loan was the largest of its type in Latin America over the last year and tapped into revenues from the city’s current airport to bring the financing together.

Unique structuring also helped Colombia’s 4G toll-road concessions to gain momentum, with two of the program’s first financing packages nabbing awards this year.

Elsewhere in the region, several deals stood out for successfully identifying broader sources of capital. Project sponsors for the second line of the Lima Metro in Peru took out an $800 million loan backed by Italian export credit agency Sace, a $30 million value added tax facility and a $1.15 billion project bond to finance construction of the line, which will connect the Peruvian capital with the nearby area of Callao, home to the country’s biggest seaport. The funding packing amounted to the largest ever in the global capital markets for a Peruvian public-private partnership.

The winning deals recognized in this year’s awards were selected by LatinFinance’s editorial staff after an examination of information provided by market participants, interviews with industry leaders and research of publicly available information on the projects.

LatinFinance considered deals that closed between June 1, 2015, and May 31, 2016. For full details on the selection process, visit www.latinfinance.com/infrastructureawards. LF

Award Categories (click on category to reveal winner)

BEST AIRPORT FINANCING

BEST INFRASTRUCTURE FINANCING: MEXICO

BEST LOAN

BEST PORT FINANCING

BEST TRANSPORT FINANCING

BEST BOND

BEST RENEWABLE ENERGY FINANCING

BEST POWER FINANCING

BEST OIL & GAS FINANCING

BEST LOCAL CURRENCY FINANCING

BEST INFRASTRUCTURE FINANCING: ANDES