Best Corporates in the Capital Markets 2016

LatinFinance’s 2016 Best Corporates in the Capital Markets Awards celebrate the companies in Latin America and the Caribbean that have made the most impressive use of the debt, equity and M&A markets between April 1, 2015 and March 31, 2016.

View 2015 winners >

Voting is now closed.
LatinFinance has ended voting for the 2016 awards. Browse the tabs above to view our shortlist of nominees, learn more about how to participate, the nomination and selection processes, criteria and categories for these awards. Winners will be announced in the July/August 2016 issue of the magazine.

Shortlists

LatinFinance will reveal the shortlisted companies for its 2016 Best Corporates in the Capital Markets Awards on April 04, 2016. For information on nominating a corporate for the shortlists of the categories below, please review the information under Participate.

BEST REGIONAL M&A STRATEGY

Grupo Alfa
Grupo Argos
Telefônica Vivo Brazil
Fintech
Parque Arauco
Grupo Sura

BEST EX-REGIONAL M&A STRATEGY

BEST CAPITAL MARKETS STRATEGY: ANDES

Parque Arauco
Falabella
Colbún
AES Gener
Grupo Argos
Graña y Montero
Pampa Energía
Pan American Energy

BEST CAPITAL MARKETS STRATEGY: MEXICO

Cemex
América Móvil
Televisa
Pemex
Femsa

BEST CAPITAL MARKETS STRATEGY: BRAZIL

Fibria
Votorantim
Klabin
BRF
Marfrig
Minerva Foods

BEST CAPITAL MARKETS STRATEGY: CENTRAL AMERICA AND CARIBBEAN

TCL
AES Panamá
AES Dominicana
Copa Airlines
Lady Lee

BEST BOND MARKET STRATEGY: LATAM HIGH GRADE

América Móvil
FEMSA
AES Gener
BRF

BEST BOND MARKET STRATEGY: LATAM HIGH YIELD

Cemex
YPF
LATAM Airlines
JBS

BEST LOAN MARKET STRATEGY

Pemex
Axtel
Pan American Energy
TCL

BEST EQUITY MARKET STRATEGY

Pampa Energía
Grupo Alfa
Unifin
Parque Arauco
Cemex

Nominate a candidate

LatinFinance does not request pitch documents or nominations for its Best Corporates in the Capital Markets Awards. However, interested parties may recommend potential candidates by forwarding details to awards@latinfinance.com with the subject line “Best Corporates 2016”. Nominations must be limited to one institution per category, and any supporting material must not exceed one A4-sized sheet. Any nominations must be received by end of day on Thursday, March 31, 2016.

Voting

A market vote will be taken to inform the selection of the winners. Voting will be open online from April 4, 2016 to April 15, 2016.

LatinFinance invites debt and equity bankers, traders, portfolio managers, credit analysts, funding officials, chief financial officers, treasurers, chief investment officers and other market participants to vote on the shortlist, subject to the following rules:

Each person may only vote once.
Voters may not vote for their own company or an affiliated one.
Individuals and companies are allowed to pass details of the voting process to their clients and peers.
Voters may indicate a company on the shortlist, or nominate another firm.
Votes are kept strictly confidential and will not be disclosed.

Criteria

Best Capital Markets Strategy — Andes/Mexico/Brazil/Central America & Caribbean, and Overall Best Corporate in the Capital Market
These accolades recognize the institutions in each part of Latin America that have used local and international debt, equity and syndicated loan markets to best effect. A company does not have to have been active in all three areas over the reference period to be considered for the award: institutions that have excelled in just one market will be considered. The award emphasizes the longer-term strategy of accessing markets over the success of a single transaction, and hence takes into account:

Investor relations efforts and strategy, including frequency of market communications
Ability to use multiple markets for best effect
Success of individual transactions in terms of size, timing, and investor response
Secondary performance of deals
Changing investor perceptions, including ratings upgrades and downgrades
Innovations in funding and capital strategy, and ability to take advantage of changing external factors such as regulatory changes or macroeconomic scenario

Best Bond Market Strategy — High Grade/High Yield
These categories focus on Latin American corporates’ debt issuing strategy, considering primarily term bonds sold in local and international markets. Any Latin American company to have issued debt since April 1, 2015, will be considered. The award emphasizes the longer-term market access strategy over the success of a single transaction. Factors under consideration in this category are:

Investor relations efforts and strategy, including frequency of market communications
Success of individual transactions in terms of size, timing, and investor response
Secondary performance of deals
Use of liability management to optimize the funding profile
Changing investor perceptions, including ratings upgrades and downgrades
Innovations in debt financing strategy, and ability to take advantage of changing external factors such as regulatory changes or macroeconomic scenario

Best Equity Market Strategy
This award recognizes the Latin American company to have had most success in the primary equity capital markets since April 1, 2015. The award emphasizes the longer-term market access strategy over the success of a single transaction. Factors under consideration are:

Investor relations efforts and strategy, including frequency of market communications
Success of individual transactions in terms of size, timing, and investor response
Secondary performance of deals
Innovations in capital strategy

Best Regional and Ex-Regional Strategy
These awards consider the expansion strategies of Latin American companies within Latin America (Best Regional Strategy), and outside Latin America (Best Ex-Regional Strategy). The award looks at the strategic rationale and success of mergers, acquisitions and divestments outside a company’s home country, and takes into account transactions closed between April 1, 2015 and March 31, 2016. Specific factors to be reviewed are:

Investor relations efforts and strategy, including frequency and clarity of market communications
Size, timing, and utility of mergers, acquisitions and divestment
Market reaction to M&A activity
Success in financing acquisitions
Execution success in M&A activity

Selection process

Pitches and nominations
LatinFinance does not request pitch documents or nominations for its Best Corporates in the Capital Markets Awards. However, interested parties may recommend potential candidates by forwarding details to awards@latinfinance.com with the subject line “Best Corporates 2016”. Nominations must be limited to one institution per category, and any supporting material must not exceed one A4-sized sheet. Any nominations must be received by end of day on Thursday, March 31, 2016.

Shortlisting
A shortlist of five institutions in each category will be decided by soliciting feedback from market participants, examining transaction data and market history, and reviewing nominations.Latin American companies that have been active in the local or international capital markets, or which made acquisitions or divestments, since April 1, 2015, will form an initial longlist of candidates. This data will be drawn from data from Dealogic and LatinFinance. Capital markets analysts, investors, issuers and bankers will be asked for feedback by phone and in person by LatinFinance’s editorial team through the course of March 2016 to refine the list of candidates. The longlist and the market feedback will be reviewed by LatinFinance’s editors, and cross checked with publicly available data to draw up the shortlist of five institutions in each category.The shortlist for each category will be published on the Best Corporates Awards page (www.latinfinance.com/bestcorporates), on Monday, April 4, 2016.

Voting
A market vote will be taken to inform the selection of the winners. Voting will be open online from Monday April 4 to Friday, April 15. A link will be provided on the Best Corporates Awards page (www.latinfinance.com/bestcorporates), published in LatinFinance’s Daily Brief and circulated on social media once the poll is live. LatinFinance invites debt and equity bankers, traders, portfolio managers, credit analysts, funding officials, chief financial officers, treasurers, chief investment officers and other market participants to vote on the shortlist, subject to the following rules:

Each person may only vote once.
Voters may not vote for their own company or an affiliated one.
Individuals and companies are allowed to pass details of the voting process to their clients and peers.
Voters may indicate a company on the shortlist, or nominate another firm.
Votes are kept strictly confidential and will not be disclosed.

Examination of financial data & final evaluation
LatinFinance will review official financial data for each of the shortlisted or nominated corporates. As is relevant in each category, such data will include, but will not be limited to: financial reports and accounts, company presentations, stock exchange filings, transaction pricing details, secondary market trading data. LatinFinance’s editors will seek further qualitative feedback from market participants in April. LatinFinance’s editors retain discretion over the final allocation of awards in each category. The final decision will be based on market votes submitted, financial data, and feedback on market events and transactions over the course of the past 12 months.

Contact

Enquiries can be sent to awards@latinfinance.com with “Best Corporates 2016” in the subject line.