It had been two years since a non-sovereign entity has issued bonds from Colombia, a country whose economic and security improvements landed it near the top of many EM investor wish lists.
Author Archives: LatinFinance Awards
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BEST STRUCTURED FINANCING
When regulators stepped in to set guidelines for quasi-equity structures sold in Mexico’s domestic bond market, a new asset class was born.
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BEST FINANCIAL INSTITUTION BOND
The region’s financial institutions were latecomers to the new issue party during the market recovery. Eventually the demand was too good to resist, and institutions began to load up on subordinated capital.
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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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DEALS OF THE YEAR RESULTS
Participants in last year’s capital markets bungee jump will remember it forever. In Latin America, the key lesson learned is that the bigger, more investor-friendly economies can take external shock on the chin.
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BEST CORPORATE LIABILITY MANAGEMENT
For much of last year, CFO and finance ministry agendas were dominated by efforts to survive the credit crunch, and, as debt markets reopened in the second half, address immediate funding needs.
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BEST RESTRUCTURING: Cemex Admits Mistakes
Cemex is back from the brink of disaster. After a laudable $15 billion restructure, many wonder how the fallen blue chip ever got itself into such a twist.
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BEST SOVEREIGN LIABILITY MANAGEMENT
A mid severe volatility, liability management was not at the front of most issuers’ minds last year. In the sovereign space, the region’s largest and most market-ready issuers were not in great need, and the market was tricky for most others.
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BEST CORPORATE ISSUER: Bimbo Bakes Up a Storm
Bimbo, the largest bread and confectionary producer in the hemisphere, seized the opportunity to expand in the US. It is cutting leverage, but has an eye on further expansion.
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BEST LOCAL CURRENCY FINANCING
Mexican telecom giant América Móvil’s successful UF4.0 million ($145 million) April bond issue in Chile opens the gates to other LatAm companies seeking to raise funds in new markets.