2018 Best Corporates in the Capital Markets

It was a year of surprises.

Early in 2017, the global compass already pointed to higher interest rates propelling many issuers to run to the market before the Fed’s expected hike materialized, while geopolitical events and protectionist waves created a more difficult landscape. Against this backdrop, coming up with a strategy on how to raise funds became a noteworthy exercise for companies in Latin America. This year, LatinFinance’s Best Corporates in Capital Markets Awards celebrates the companies that dared to take heightened risks

Pushing ahead with expansion plans, entering the bond market for the first time, creating new benchmarks for sustainable funding and innovation, the award winners for 2018 have helped Latin America’s capital markets and issuers shine. The winners were chosen by LatinFinance’s editorial team from nominations and a thorough review of deals closed between April 1, 2017 and March 31, 2018. across the region.

Winners: 2018 Best Corporates in the Capital Markets

  1. Best Funding Strategy – Andes: Enel Américas
  2. Best Funding Strategy – Argentina: MSU Energy
  3. Best Funding Strategy – Brazil: Azul
  4. Best Funding Strategy – Central America and Caribbean: Digicel
  5. Best Funding Strategy – Mexico: Bimbo
  6. Best M&A Strategy: Suzano
  7. Best Newcomer to Capital Markets: Natura
  8. Best Fintech in Capital Markets: PagSeguro
  9. Best Sustainable Funding: Grupo Rotoplas

Selection: 2018 Best Corporates in the Capital Markets

Click any of the sections below to learn more about how the 2018 Best Corporates in the Capital Markets were selected.

Overview

LatinFinance’s 2018 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, 2017 and March 31, 2018.

Categories

Provisional categories for Best Corporates in the Capital Markets 2018 are:

  1. Best Funding Strategy: Andes
  2. Best Funding Strategy: Mexico
  3. Best Funding Strategy: Brazil
  4. Best Funding Strategy: Central America & the Caribbean
  5. Best Funding Strategy: Argentina
  6. Best M&A Strategy
  7. Best Newcomer to Capital Markets
  8. Most Promising Fintech Solution for Financial Market
  9. Best Use of Sustainable Funding

Criteria

Best Funding Strategy — Andes/Mexico/Brazil/Argentina/Central America & Caribbean

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 M&A Strategy

These awards consider the expansion strategies of Latin American companies within and outside Latin America. The award looks at the strategic rationale and success of mergers, acquisitions and divestments and takes into account transactions closed between April 1, 2016 and March 31, 2017. 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

Best Newcomer to Capital Markets

This accolade recognizes the institution that have tapped capital markets for the first time to best effect. Institutions that have excelled in one or more markets will be considered. The award emphasizes the longer-term strategy of accessing markets and the strategy leading to it and takes into account transactions closed between April 1, 2017 and March 31, 2018. Specific factors to be reviewed are:

  • Investor relations efforts and strategy, including clarity of market communications
  • Ability to use multiple markets for best effect
  • Success of transaction in terms of size, timing, and investor response
  • Secondary performance of deals
  • Market coverage

Best Use of Sustainable Financing

This accolade recognize the institution in Latin America that used local and international debt, equity and syndicated loan markets to fund sustainable initiatives to the 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 he use of green bonds, impact investing and other facilities aimed towards environmental and socially focused projects and takes into account:

  • Purpose and impact
  • 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

Most Promising Fintech Solution

This accolade recognizes innovation and application of new technology in Latin America’s financial markets. The award emphasizes sustainability and impact in financial markets, and takes into account:

  • Ability to raise capital and attract investors
  • Applicability and implementation
  • Impact in existing markets
  • Clarity of communication with markets and stakeholders
  • Changing investor perceptions, including ratings upgrades and downgrades

Selection Process

Pitches and nominations

Nominations were accepted through June 10, 2018.

Shortlisting

Latin American companies that have been active in the local or international capital markets or that made acquisitions or divestments since April 1, 2017, will form an initial longlist of candidates. Our editors will then solicit feedback from market participants, examine transaction data from Dealogic and LatinFinance and review nominations to create a shortlist of three institutions in each category. We will publish the shortlist for each category on Friday, June 29, 2018.

Our editors retain discretion over the final allocation of awards in each category. We will base the final decision on market votes submitted, financial data and feedback on market events and transactions over the course of the past 12 months.

Contact

Send inquiries to awards@latinfinance.com with "2018 Best Corporates" in the subject line.

Previous winners: 2017, 2016, 2015