Archive

September / October 2017

The unpopulist: Brazil's Temer tangles with reforms. Also, a special report on China's economic ties to Latin America and the 2017 Project & Infrastructure Finance Awards.

BNDES sets a new benchmark

Project & Infrastructure Finance Bonds Structured Finance

Brazil's national development bank will move from a subsidized long-term lending rate to a new rate based on the government's borrowing costs, but will short-term pain tr...

China shapes stronger trade ties with Latin America

Argentina Brazil Chile

Following the end of the commodities boom, China and Latin America are forging bonds in a range of new industries

Interview: Brazil-China Fund

Project & Infrastructure Finance Brazil Funds

A new bilateral fund managed by Brazil and China has billions of dollars to invest. But, as the foreign affairs secretary at Brazil’s Planning Ministry says, the exact st...

Chinese investors go big in Latin American energy

Project & Infrastructure Finance Brazil China

Some of China’s biggest power companies are starting to look beyond acquisitions to greenfield projects in the region

LatAm institutional investors look for an opening in China's stock markets

Argentina Chile Colombia

Latin American investment teams are tracking the changes in China’s markets, with many welcoming the expansion of options

LatAm infra markets struggle to shake off corruption

Project & Infrastructure Finance Argentina Brazil

Project finance in Latin America is having another tough year as the effects of the Odebrecht bribery scandal rattle the region. Now political uncertainty in major econom...

Latin America tests anti-corruption measures

Project & Infrastructure Finance Brazil Colombia

In the wake of the Odebrecht bribery scandal, governments across the region are overhauling the way they award and oversee new projects

Project bonds try to find footing

Project & Infrastructure Finance Argentina Brazil

A few bond issues have been used to finance greenfield infrastructure projects in Latin America, but institutional investors are still wary of construction risk

Interview: FDN CEO Clemente del Valle

Project & Infrastructure Finance Bonds Structured Finance

Financing Colombia’s 4G toll road concessions is getting tougher as local and global lenders are squeezed. But now the national development bank is betting on some new ro...

Parting Shot: IFC unveils new equity fund in Latin America

Project & Infrastructure Finance Bonds Structured Finance

Multilateral agency aims to go beyond the standard A/B loan structure and build a more active portfolio in Latin America, says Irene Arias

AWARDS: PROJECT AND INFRASTRUCTURE FINANCE 2017

Corporate & Sovereign Strategy

Despite a sharp decline in deal flow over the past year, infrastructure sponsors landed several firsts and found creative ways to finance much-needed investments

AWARDS: BEST LOCAL CURRENCY FINANCING

Corporate & Sovereign Strategy Colombia

Latin America is starting to embrace the value of a liquid local bank and bond market. Colombia’s 4G toll road concessions program, for example, has drawn on multiple poc...

AWARDS: BEST AIRPORT FINANCING, BEST TRANSPORT FINANCING

Corporate & Sovereign Strategy

Valued at roughly $13 billion, the new international airport in Mexico City will likely be a hallmark of President Enrique Peña Nieto’s time in office. It is also slated ...

AWARDS: BEST PORT FINANCING

Corporate & Sovereign Strategy

When the Panama Canal doubled its capacity in 2016, the port in nearby Kingston, Jamaica, took advantage of its position on Caribbean shipping routes. Despite a strugglin...

AWARDS: BEST ROAD FINANCING

Corporate & Sovereign Strategy

Virtually all of the projects in Colombia’s 4G toll road concessions program that have reached financial close have raised some financing in dollars. Some have issued dol...

AWARDS: BEST RENEWABLE ENERGY FINANCING

Corporate & Sovereign Strategy

When the US solar panel manufacturer SunPower got a 15-year loan for the El Pelícano project in Chile, it did not break the financing mold.

AWARDS: BEST BOND, BEST POWER FINANCING, BEST INFRASTRUCTURE FINANCING: ANDES

Corporate & Sovereign Strategy

Strong investor appetite for Latin American debt in the first half of the year proved a boon for some first-time Andean borrowers. Chilean power transmission company Cele...

AWARDS: BEST OIL & GAS FINANCING

Corporate & Sovereign Strategy Mexico

Increasing the use and competitiveness of gas-generated power is key to Mexico’s lauded energy reforms. With the expansion of the midstream network crucial to the plan, M...

AWARDS: BEST LOAN, BEST SPONSOR, BEST INFRASTRUCTURE FINANCING: MEXICO

Corporate & Sovereign Strategy Mexico

Many things have changed since Altán Redes first outlined its bid for the Red Compartida wireless telecommunications PPP in Mexico. But the financing plan remained a cons...

AWARDS: BEST INFRASTRUCTURE FINANCING: CARIBBEAN

Corporate & Sovereign Strategy Dominican Republic

While it closed the acquisition of Aeropuertos Dominicanos Siglo XXI, or Aerodom, in early 2016, Vinci Airports started looking at ways to improve the company’s finances.

AWARDS: BEST INFRASTRUCTURE FINANCING: CENTRAL AMERICA

Corporate & Sovereign Strategy Central America Costa Rica

When Autopistas del Sol, a toll road concessionaire owned by Spain’s Globalvia, sought financing for the Ruta 27 toll road in Costa Rica in 2007, it relied on loans from ...

AWARDS: BEST INFRASTRUCTURE FINANCING: BRAZIL

Corporate & Sovereign Strategy Brazil

Casa dos Ventos Energias Renováveis has received more than 3.5 billion reais ($1.11 billion) from Brazil’s national development bank BNDES in the past few years. But when...

AWARDS: BEST INFRASTRUCTURE LAW FIRM: ANDES

Corporate & Sovereign Strategy Chile

Chile, already a large consumer of electricity, needs to raise capital to build new transmission lines that will strengthen the country’s grid and integrate many upcoming...

AWARDS: BEST INFRASTRUCTURE LAW FIRM: MEXICO

Corporate & Sovereign Strategy Mexico

Mexico’s Galicia Abogados has been ever-present in the project finance market over the past year. The law firm took part in a $2 billion green bond issue for the new airp...

AWARDS: BEST INFRASTRUCTURE LAW FIRM: BRAZIL

Corporate & Sovereign Strategy Brazil

To fund infrastructure projects in the economic and political turbulence in Brazil, investors have banded together to share risks, making for some complex deals. One law ...

AWARDS: BEST INFRASTRUCTURE LAW FIRM: LATIN AMERICA

Corporate & Sovereign Strategy

What project finance doldrums? Milbank, Tweed, Hadley & McCloy was involved in a swathe of notable deals in the past year. The New York-based law firm advised the Colombi...

AWARDS: BEST INFRASTRUCTURE BANK: ANDES

Corporate & Sovereign Strategy

In a tough year for project financing in the Andes, Goldman Sachs has shown it can bring together local financiers, international lenders and institutional investors on m...

AWARDS: BEST INFRASTRUCTURE BANK: BRAZIL

Corporate & Sovereign Strategy Brazil

In a lackluster climate, strained by bribery scandals and investor apathy, Santander Brasil stands out as the best bank for Brazilian infrastructure.

AWARDS: BEST INFRASTRUCTURE BANK: MEXICO

Corporate & Sovereign Strategy Mexico

Santander México has long stood out for its ability to structure and execute some of Mexico’s biggest oil and gas infrastructure projects. But over the last year, the ban...

AWARDS: BEST INFRASTRUCTURE BANK: LATIN AMERICA

Corporate & Sovereign Strategy

Conexión Norte is the first 4G toll road in Colombia to have foreign banks provide a long-term loan in dollars. Cabo Leones I in Chile is the first wind farm investment i...