AWARDS: Best Infrastructure Bank: Brazil.

AWARDS: Best Infrastructure Bank: Brazil.

Corporate & Sovereign Strategy Brazil

Although it was a slower year for project finance in Brazil, Itaú BBA showed a knack for executing deals.  The bank found a sweet spot for dealmaking in power projects, most notably renewable energy. It also helped secure financing on two transportation projects at a time when Brazil’s market is increasingly complex. The bank’s ability to land key deals helped it win the Best Infrastructure Bank: Brazil award for the third consecutive year. “The renewable sector was like an island among all the problems,” says Marcelo Girão, the head of power coverage at Itaú’s project finance unit. Transactions included the $405 million Sao Benedito and Campos dos Ventos wind complexes. Itaú was the sole

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