Bonds & Loans Latin America & Caribbean Awards 2023 | GFC Media Group | The Ritz-Carlton Key Biscayne, Miami, 455 Grand Bay Drive Key Biscayne, Miami, FL 33149, US

Since 2015, the Bonds & Loans Awards has been recognising the most innovative and ground-breaking deals from Sovereign, Corporate and Financial Institution issuers and borrowers.

The exhaustive selection process involves close examination of deal size, tenor, structure, and distribution; analysis and background of the borrower and their accessibility to financing; with extra credit for those deals demonstrating high quality execution, accessing new pools of liquidity, innovative structuring, and opening-up new markets.

Bringing together the industry’s most high-profile figures, the Bonds & Loans Latin America & Caribbean AWARDS ceremony is an opportunity to raise the profile of the financial markets with the international investment community, and to inspire future issuance by Latin American & Caribbean companies.

2022 Winners

Bonds & Loans Lifetime Achievement Award
• Carlos Garcia Moreno, Chief Financial Officer, America Movil

Sovereign Bond Deal of the Year
• The Republic of Chile
USD 2bn SEC Registered Sustainability-Linked Bond at 4.340%
Issued: March 2022; Matures: March 2042
JLMs/Bookrunners: BNP Paribas, Credit Agricole CIB, Societe Generale
Legal Advisers to Issuer: Linklaters, Morales & Besa
Legal Adviser to the JLMs: Cleary Gottlieb, Garrigues

Agency Bond Deal of the Year
• CABEI
MXN 5bn Floating Rate Notes at 3.98%
Issued: June 2021; Matures: June 2024
JLMs/Bookrunners: BBVA, HSBC
Legal Advisers to Issuer: Shearman & Sterling, Ritch Mueller
Legal Adviser to the JLMs:

Investment Grade Corporate Bond Deal of the Year
• Sitios (America Movil)
USD 1bn 144a/RegS Senior Unsecured Bond at 5.375%
Issued: March 2022; Matures: April 2032
Global Coordinators: Citi, JPMorgan
JLMs/Bookrunners: Citi, Barclays, BBVA, BofA Securities, JP Morgan, Scotiabank
Legal Advisers to Issuer: Cleary Gottlieb, Bufete Robles Miaja
Legal Adviser to the JLMs: Ritch Mueller, Simpson Thacher & Bartlett

High Yield Corporate Bond Deal of the Year
• Comunicaciones Celulares S.A. (Millicom, Comcel)
USD 900m 144a/RegS 10NC5 Senior Secured Guaranteed Notes at 5.125% to finance Millicom’s acquisition of the remaining 45% equity stake in Comcel
Issued: January 2022; Matures: January 2032
Global Coordinators: Goldman Sachs, JP Morgan
JLMs/Bookrunners: Goldman Sachs, JP Morgan, Scotiabank
Legal Advisers to Issuer: Davis Polk & Wardwell, Consortium Legal
Legal Adviser to the JLMs: Milbank, Cuestas PPQ

Hybrid Bond Deal of the Year
• CEMEX
USD 1bn 144a/RegS Hybrid Perpetual NC5.25 Notes at 5.125%
Issued: June 2021; Matures: PerpNC5.25
JLMs/Bookrunners: Citi, BofA Securities, HSBC
Legal Advisers to Issuer: Skadden
Legal Adviser to the JLMs: Cleary Gottlieb

Sovereign Liability Management Deal of the Year
• The Dominican Republic
DOP 110bn 144a/RegS (with permanent restrictions and concurrently offered via local auction) Senior Unsecured Dual-tranche Bonds at 8.0% and 8.625%
Issued: June 2021; Matures: June 2028 and 2031
JLMs/Bookrunners: Citi, JP Morgan
Legal Advisers to Issuer: Cleary Gottlieb
Legal Adviser to the JLMs: Simpson Thacher & Bartlett

Corporate Liability Management Deal of the Year
• PEMEX
USD 1bn 144a/RegS Bonds and USD 5.814bn Exchange/Tender Offer at 6.70%
Issued: December 2021; Matures: February 2023
Bookrunners: BofA Securities, Citi, Goldman Sachs, HSBC
Legal Advisers to the Issuer: Cleary Gottlieb
Legal Advisers to the Bookrunners: Shearman & Sterling, Ritch Mueller

Sovereign Restructuring Deal of the Year
• The Republic of Belize
USD 553m Blue Loan (USD364m Blue Loan used to retire USD553m Superbond with coupon of 3.0% at 55c to USD)
Settled: September 2021
Financial Adviser: Citi
Legal Advisers to Issuer/Borrower: Sullivan & Cromwell
Legal Adviser to the JLMs: David Polk

Corporate Restructuring Deal of the Year
• Cinepolis
USD 1.6bn MXN, USD, EUR, BRL and PEN Multi-Currency Debt Restructuring (Covenant Holiday and 2-Year Tenor Extension) and USD 200m New Term Loan Facility
Settled: July 2021; Matures: July 2028
Obligor’s Adviser: Lazard
Lenders’ Advisor: FTI Consulting
Legal Adviser to the Obligor: Skadden, Galicia
Legal Advisers to the Lenders:

Syndicated Loan Deal of the Year
• KKR (Project Alameda)
USD 460m 4-tranche syndicated loan (USD 230m Term Loan, USD 140m Capex, USD 11m Revolving Credit, and USD 55m VAT Facilities) for the acquisition of 60% of Telefonica Chile’s Fiber Optic Network
Issued: July 2021; Matures: July 2027
Global Coordinators: Scotiabank, KKR Capital Markets
Bookrunners: Scotiabank, KKR Capital Markets
Legal Advisers to the Borrowers: Simpson Thacher & Barlett, CM Carey & Allende
Legal Advisers to the Bookrunners: Allen & Overy, PPU

Mid-Cap Loan Deal of the Year
• Lifemiles
USD 400m Term Loan B
Issued: August 2020; Matures: March 2026
Bookrunners: Citi, Morgan Stanley

Leveraged Finance Deal of the Year
• Mubadala Capital
USD 1.8bn 144a/RegS Senior Secured Bonds at 7.25%
Issued: July 2021; Matures: June 2031
Global Coordinators and Bookrunners: Bradesco BBI, JPMorgan, HSBC, Societe Generale, Standard Chartered, UBS
Bookrunners: Deutsche Bank
Legal Advisers to Issuer: Skadden
Legal Adviser to the JLMs: Milbank, Machado Meyer

Acquisition Finance Deal of the Year
• Ecopetrol
USD 3.8bn Bridge Loan for the Acquisition of ISA
Issued: November 2021; Matures: November 2023
Bookrunners: Citi, JPMorgan, Santander, Scotiabank
Legal Advisers to the Borrower: Shearman & Sterling, Baker McKenzie
Legal Advisers to the JLMs/Bookrunners: Milbank, Gomez Pinzon & Asociado

Project Finance Deal of the Year
• Tocumen
USD 1.855bn 144a/RegS Senior Secured Dual-Tranche Project Bond at 4.0% and 5.125%
Issued: August 2021; Matures August 2041 and August 2061
Bookrunners/JLMs: Citi, BofA Securities
Legal Advisers to the Issuer: Shearman & Sterling, Icaza, González Ruiz & Alemán
Legal Advisers to the JLMs: Milbank, Aleman Cordero Galindo & Lee

ESG Bond Deal of the Year
• The Central America Bottling Corporation
USD 1.1bn 144a/RegS Sustainability-Linked Bond at 5.25%
Issued January 2022; Matures: April 2029
Global Coordinators: Citi, JP Morgan
JLMs/Bookrunners: Citi, JP Morgan
Legal Advisers to Issuer: Hogan Lovells, Walkers, Palacios y Asociados
Legal Adviser to the JLMs: Shearman & Sterling, Harney Westwood & Riegels, Atla Qil, Uria Menendez

ESG Loan Deal of the Year
• CEMEX
USD 3.25bn Sustainability-Linked Dual-tranche Credit Facility
Issued: October 2021; Matures: October 2026
Bookrunners: BNP Paribas, Banamex, Citi, BofA Securities, JP Morgan
Legal Advisers to the Borrower: Skadden, GHR Rechtsanwalte
Legal Adviser to the Bookrunners: Cleary Gottlieb, Galicia

BRL Deal of the Year
• BNDES + VALE
BRL 11.5bn 144a/RegS and ICVM 476 Senior Unsecured Dual-tranche Debenture
Issued: April 2021
Bookrunners: Bradesco, Citi, Itau BBA, JP Morgan
Legal Advisers to the Issuer: Cleary Gottlieb Steen & Hamilton, Pinheiro Guimaraer Advogados
Legal Adviser to the Bookrunners: Mattos Filho Veiga Filho Marrey Jr e Quiroga

MXN Deal of the Year
• Grupo Aeroportuario del Centro Norte (OMA)
MXN 5bn Dual Tranche 5-year Sustainability-Linked Floating Rate Note and 7-year Sustainability-Linked Fixed Rate Note at 6.87% and 9.35%
Issued: March 2022; Matures: March 2027 and March 2029
JLMs/Bookrunners: Citi, HSBC, Santander
Legal Advisers to Issuer: Mijares, Angoitia, Cortés y Fuentes
Legal Adviser to the JLMs:

COP Deal of the Year
• Sacyr Concesiones
USD798m 144s/RegS Project Bonds at 6.60% and Secured Loans
Issued: February 2022; Matures: February 2041, May 2030, May 2037, April 2030
Global Coordinators and Bookrunners: Goldman Sachs, JP Morgan
Legal Advisers to Borrower/Sponsors: Clifford Chance, Posse Herrera
Legal Adviser to the JLMs: Latham & Watkins, Philippi Prietocarrizosa, Perez Bustamante & Ponce, Uria Menendez

PEN Deal of the Year
• Multimercados Zonales (Minka)
PEN 135m Private Placement Securitisation Bonds at 7.969%
Issued: November 2021; Matures: November 2041
Bookrunner: Scotiabank
Legal Adviser to the JLMs: Rodrigo Elias & Medrano

CLP Deal of the Year
• Digital Bridge (Project Ocean)
CLP 205bn Term Loan Facility for Digital Bridge’s acquisition of 100% stake of Pacífico Cable
Issued: March 2022; Matures: March 2027
Bookrunners: Scotiabank
Legal Advisers to the Borrower: Vinson & Elkins, Carey
Legal Advisers to the JLMs/Bookrunners: Allen & Overy, PPU

Bond House of the Year
• JP Morgan

Loan House of the Year
• Citi

Structured Finance Bank of the Year
• Citi

Project Finance Bank of the Year
• SMBC

ESG/Sustainable Finance Adviser of the Year
• BNP Paribas

Brazilian Investment Bank of the Year
• Itau BBA

Mexican Investment Bank of the Year
• Santander

Andean Investment Bank of the Year
• Scotiabank

Sovereign Funding Team of the Year
• Ministry of Finance, Republic of Mexico

Corporate Funding Team of the Year
• America Movil

Bank Funding Team of the Year
• Corporación Andina de Fomento (CAF)

Banking & Finance Legal Adviser of the Year
• Skadden

Debt Capital Markets Legal Adviser of the Year
• Milbank