LatinFinance - September/October 2013 - 31

awards
inFrastructure
Finance
2013

F

As infrastructure needs grow in Latin America, so the funding opportunities
are becoming broader, deeper and more sophisticated. LatinFinance
recognizes the stand-out deals in a year of industry firsts

or a region in dire need of more — and better — infrastructure, the news is encouraging: latin america’s options for financing
projects have never looked better.
transactions are getting bigger, and developers increasingly have
more choice: financing is today equally accessible in dollars or in local
currency; the growing strength of domestic investors means a wider
base of funding support; and the capital markets have become an ever
more important tool for getting deals done.
this has helped fill a gap left by commercial banks struggling to lend
the sums needed to meet latin america’s vast infrastructure needs,
even before they confront the effects of ever-tighter regulation. and,
as institutional investors pile into project bonds locally and internationally, the debt markets are poised to become increasingly important financiers of roads, power plants and mining infrastructure in the
years ahead.
Still, there is a long way to go before latin america’s project finance
markets rival their developed world peers. as we examine in the following pages, the most innovative and ground-breaking deals are often the hardest to execute.
as infrastructure developers seek new funding sources, in particular
issuing local and hard currency bonds, they must educate investors
new to the risks at hand.
Such instruction will be critical to ensuring the development of the
region’s infrastructure. in its inaugural infrastructure finance awards,
LatinFinance recognizes the advances made in this crucial arena between June 2012 and may 2013.
the winning deals were selected by the editorial staff after a rigorous
process which involved extensive discussions with infrastructure market participants, an open market vote on the shortlists, and thorough
examination of financial data.

WINNERS:
BEST TRANSPORT FINANCING
BEST LOCAL CURRENCY
INFRASTRUCTURE FINANCING
BEST INFRASTRUCTURE FINANCING,
MEXICO
Red de Carreteras de Occidente
mXn7.5bn europeso, may-13
BEST INFRASTRUCTURE FINANCING,
BRAZIL
CART
BRl750m debenture, Dec-12
BEST INFRASTRUCTURE FINANCING,
ANDEAN
Vía Parque Rímac
Pen1.4bn bond & loan, Jun-12
BEST POWER FINANCING
México Generadora de Energía
$575m bond, nov-12
BEST RENEWABLE ENERGY
FINANCING
Oaxaca II & IV
$298.7m bonds, aug-12
BEST OIL/GAS FINANCING
Oleoducto Bicentenario de Colombia
coP2.1trn loan, Jun-12
BEST MINING FINANCING
Maracás Vanadium
BRl331m loan, Jun-12
BEST SOCIAL INFRASTRUCTURE
FINANCING
Doihi
mXP1.85bn bond, may-13
BEST INFRASTRUCTURE BANK
HSBC
BEST INFRASTRUCTURE LAW FIRM
White & Case

September/October 2013 - l atinfina nce.com 31
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LatinFinance - September/October 2013

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