22nd April 2020

Top 10 Deals in Latin America

Latin America Top 10 Deals of the Year 2020


Andrade Gutierrez International S.A. Debt Refinancing

Size: USD435mn

Date: 19/12/2019

Type: Debt refinancing + new money private placement

Joint-Lead Managers (JLMs) / Placement Agents (PAs): HSBC / Bradesco BBI / BB Securities

Legal Adviser to the Issuer: Milbank / Pinheiro Guimarães

Legal Adviser to the JLMs/PAs: Simpson Thacher & Bartlett / Barbosa Mussnich Aragão


Central American Bank for Economic Integration (CABEI) Debut Green Bond

Size: USD375mn

Date: 11/15/2019

Type: USD 375m 5-year Floating Rate Note Green Bond

Green Structuring Advisors & Bookrunners: Credit Agricole CIB / Standard Chartered Bank

Legal Advisors to the Issuer: Shearman & Sterling

Legal Advisors to the Arrangers: Davis Polk & Wardell


Consorcio Transmantaro S.A. Green Bond

Size: USD400mn

Date: 16/04/2019

Type: Senior Unsecured 15-yr (soft-bullet) Green bond to (re)finance green projects in Peru

Joint-Lead Managers (JLMs) / Bookrunners: Bank of America Merrill Lynch / J.P. Morgan

Legal Adviser to the Issuer: Milbank LLP / Estudio Echecopar

Legal Adviser to the JLMs: Clifford Chance US LLP / Estudio Miranda&Amado


Consortium Consorcio Corredor Vial Bioceánico Toll Road Financing

Size: USD732mn

Date: 20/05/2019

Type: Turnkey/“German style” project financing of toll road in Paraguay

Sole Arranger: UBS

Legal Adviser to the Issuer / Obligor: BKM Berkemeyer

Legal Adviser to the JLMs: Clifford Chance / Gross Brown


Empresa Eléctrica Cochrane SpA Dual-Currency Bond Refinancing

Size: USD915mn (equiv)

Date: 05/11/2019

Type: Dual-tranche RegS International & Local Bond

Joint-Lead Managers (JLMs) / Bookrunners: Goldman Sachs / HSBC / SMBC / LarrainVial

Legal Advisors to the Issuer: Shearman & Sterling (US) / Claro & Cía. (Chile)

Legal Advisors to the Arrangers: Davis Polk & Wardell (US) / Honorato Delaveau (Chile) / Larrain y Asociados


Engie Brazil Corporate Facility

Size: USD385.5mn (equiv)

Date: 15/07/2019

Type: Four-tranche local bonds (debentures)

Joint-Lead Managers (JLMs) / Bookrunners: Banco Santander (Brasil) S.A. / Banco Bradesco BBI S.A. / Banco Itaú BBA S.A. / Banco J. Safra S.A. / BB-Banco de Investimento S.A.

Legal Adviser to the Issuer: Tauil & Chequer

Legal Adviser to the JLMs: Cescon, Barrieu, Flesch & Barreto Advogados


Equatorial Transmissão S.A. Project Financing

Size: USD274mn (equiv)

Date: 05/2019; 11/2019

Type: Dual-tranche project financing (Syndicated Infrastructure Bonds and bilateral Loan)

Joint-Lead Managers (JLMs) / Bookrunners: Banco do Brasil S.A. / BTG Pactual S.A.

Legal Adviser to the Issuer / Obligor: Stocche Forbes


Invenergy/ Energia del Pacifico Project Financing

Size: USD1bn

Date: 20/11/2019

Type: Project Financing of 4 projects in Port of Acajutla, El Salvador

Joint-Lead Managers (JLMs) / Bookrunners: OPIC / IFC / IADB / KFW IPEX-Bank GmbH (as agent for Finnish Export Credit Ltd. and Finnvera plc)

Legal Adviser to the Issuer / Obligor / Sponsor: White & Case LLP

Legal Adviser to the JLMs: Norton Rose Fulbright


Inversiones CMPC S.A. Sho-gun Green Loan

Size: USD100mn

Date: 24/09/2019

Type: 5-year bullet-term green loan issued in Japan

Sole Lead Arranger: MUFG Bank

Legal Adviser to the Borrower: Sullivan & Cromwell LLP

Legal Adviser to the JLMs: Davis Polk & Wardwell LLP


Quiport Debut Bond

Size: USD400mn

Date: 14/03/2019

Type: 144a/RegS Debut Bond Issuance secured by SPV incorporated in Spain

Joint-Lead Managers (JLMs) / Bookrunners: Citigroup Global Markets Inc. / Santander Investment Securities Inc.

Legal Adviser to the Issuer / Obligor: White & Case LLP

Legal Adviser to the JLMs: Milbank LLP