LatinFinance - Special Edition - August 2013 - 7

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BEST STRUCTURED
FINANCE DEAL:
Aeropuertos Argentina
$300m, 10.75% 2020
bond sold 2010
leads: credit suisse,
morgan stanley

Deals of the
Quarter Century
The awards for
25 years of
excellence
in the capital
markets

BEST M&A DEAL:
Companhia Vale do Rio
Doce’s purchase of Inco Ltd
$18.9bn cash and debt,
executed in 2006
adVisoRs: aBn, credit suisse,
santander, UBs
BEST EQUITY DEAL:
Bovespa Holding IPO
BRl5.76bn iPo, executed 2007
Joint BooKs: Goldman sachs
& credit suisse

atin America has been accessing bond
markets for close to 200 years. But major advances in the capital markets have only taken place since the troubled 1980s, following a wave of
sovereign defaults. The arduous period began with tense negotiations
on a way out of crisis. As governments inked plans to restructure debt,
they cleared the way for a quarter century of astonishing progress. Panama and Peru, two of the region’s particularly troubled economies 25
years ago, now boast among its highest growth rates and are perhaps
the starkest examples of progress.
In this section, LatinFinance examines the landmarks and turning
points of the past 25 years in Latin America. We examine the advances
made, and those that are needed.
An 11-page chronology (page 33) details the major events that, for better
or worse, have defined a quarter century of Latin America’s development. In a special fold-out section beginning after page 32, we chart the
evolution of the major banks in the region: both the national champions and the global banks with the biggest presence in 1988 and today;
as well as tallying up the top debt, equity and M&A lead managers of a
quarter century.
Over the coming pages we also highlight the standout capital markets
transactions of the period: LatinFinance’s “Deals of the Quarter Century”. These recognize the most impressive debt, equity and M&A deals,
stretching from Mexico’s landmark Brady bond exchange, to Petrobras’
blockbuster $11 billion debt issue in May 2013.
These deals, selected by the editors of LatinFinance, in consultation
with market participants, highlight excellence and progress in Latin
America’s financial history.

BEST PRIVATIZATION:
Telebras
$19bn, 1998
leads: morgan stanley,
salomon smith Barney
BEST LOCAL CURRENCY DEAL:
América Móvil
mXP15bn, 6,45% 2022
global peso “título de crédito
extranjero”, sold 2012
actiVe leads: HsBc,
deutsche Bank,
morgan stanley
BEST INFRASTRUCTURE DEAL:
Odebrecht Drilling Norbe VIII/IX
$1.5bn 6,35% 2021 drillship
bond, sold 2010
leads: Banco do Brasil,
deutsche, HsBc, santander
BEST SOVEREIGN DEAL:
United Mexican States
$48bn Brady bond agreement, 1990
neGotiatinG committee co-cHaiRs:

citicorp, Bank of america,
swiss Bank corp

BEST CORPORATE DEAL:
Petrobras
$11bn, six-tranche bond
issue sold 2013
lead manaGeRs: Banco do Brasil,
Bank of america merrill lynch,
citi, HsBc, itaú, JPmorgan
and morgan stanley
BEST BANK DEAL:
Banco do Brasil
$1bn, 9.25% perpetual non-call
11 year tier one hybrid sold 2012
lead manaGeRs: Banco do Brasil,
BnP Paribas, citi, HsBc,
standard chartered

August 2013 - 25 Years - l atinfina nce.com 7
http://LATINFINANCE.COM
LatinFinance - Special Edition - August 2013

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