NEW YORK, NY--(Marketwired - Oct 1, 2015) - The financing backing the Los Ramones II Sur pipeline has won three of LatinFinance's 2015 Project & Infrastructure Finance Awards. The Project & Infrastructure Finance Awards, which were presented at an event in New York on September 30, recognize the most impressive transactions, lenders and sponsors in a field critical to the region's economic progress. The Los Ramones II Sur financing stood out for its execution in a highly dynamic regulatory environment and for setting a benchmark for midstream financing in Mexico, which is anticipating billions of dollars in pipeline development in the coming decades. It won the Best Loan, Best Oil & Gas Financing and the Best Infrastructure Financing: Mexico categories.
"Lenders, attorneys and borrowers had to navigate a number of unusual challenges in the midst of the country's landmark energy reform to bring Los Ramones II Sur to the finish line. The deal has paved the way for project financings under Mexico's new energy regime," said LatinFinance editor in chief Katie Llanos-Small. Affiliates of Pemex and GDF Suez are the developers of Los Ramones II Sur.
Rutas de Lima also garnered a trio of awards, including Best Local Currency Financing, Best Road Financing and Best Infrastructure Financing: Andes. The consortium developing the 72-mile Peruvian highway project took out a $200 million bank loan and issued a $520 million Peruvian sol-denominated bond that lured international and local investors. "This transaction not only met the long-term needs of the borrower, but also demonstrated a new depth in the project bond market in the international arena," Llanos-Small said.
Other winners in LatinFinance's Project & Infrastructure Finance Awards include: TV Azteca and Tendai's Red Dorsal bond deal, Grupo Cobra, Sumitomo Mitsui Banking Corporation, Machado Meyer, Credicorp Capital and White & Case. A full list of winners is below, and available at latinfinance.com/infrastructureawards.
Project & Infrastructure Finance Awards winners:
The LatinFinance Project & Infrastructure Finance Awards acknowledge the most impressive deals executed, and institutions active, across Latin America and the Caribbean between June 1, 2014 and May 31, 2015. Please click through for full details on the winner in each category.
FINANCING - ACI Airport SudAmerica
BEST PORT FINANCING - Tisur
BEST TRANSPORT FINANCING - Metro de Santiago
BEST RENEWABLE ENERGY FINANCING - Parque Eólica Marcona/Tres Hermanas
BEST POWER FINANCING - Kelar
BEST INFRASTRUCTURE FINANCING: CENTRAL AMERICA - Corredor Turístico
BEST INFRASTRUCTURE FINANCING: ANDES - Rutas de Lima
BEST LOCAL CURRENCY FINANCING - Rutas de Lima
BEST ROAD FINANCING - Rutas de Lima
BEST INFRASTRUCTURE FINANCING: MEXICO - Los Ramones II Sur
BEST OIL & GAS FINANCING - Los Ramones II Sur
BEST LOAN - Los Ramones II Sur
BEST INFRASTRUCTURE FINANCING: BRAZIL - Companhia Siderúrgica do Pecém Steel Mill
BEST MINING FINANCING - Companhia Siderúrgica do Pecém Steel Mill
BEST BOND - Red Dorsal
BEST INFRASTRUCTURE LAW FIRM: ANDES - Garrigues
BEST INFRASTRUCTURE LAW FIRM: MEXICO - Ritch Mueller
BEST INFRASTRUCTURE LAW FIRM: BRAZIL - Machado Meyer
BEST INFRASTRUCTURE LAW FIRM: LATIN AMERICA - White & Case
BEST INFRASTRUCTURE BANK: ANDES - Credicorp Capital
BEST INFRASTRUCTURE BANK: MEXICO - Santander México
BEST INFRASTRUCTURE BANK: BRAZIL - Itaú BBA
BEST INFRASTRUCTURE BANK: LATIN AMERICA - Sumitomo Mitsui Banking Corp.
BEST INFRASTRUCTURE SPONSOR - Grupo Cobra
The awards are selected by the LatinFinance editorial team. The selection process takes into account the market significance or strategic importance of deals as well as how these transactions were structured, received and executed. Volume and diversity of transactions, innovation and approach to market timing and examination of financial data also went toward determining the winning institutions. For more information on the awards go to latinfinance.com/infrastructureawards.
Since 1988 LatinFinance has distinguished itself as a leading source of intelligence on the financial markets and economies of Latin America and the Caribbean. Published from New York and Miami, with a network of correspondents across the region, the Daily Brief delivers the latest news and deal coverage, while the magazine and data-intensive website, latinfinance.com, add the further context and analysis required to do business in these fast-moving markets. Covering debt, equity, structured finance, syndicated loans, private equity and M&A, as well as multilateral financing, people moves and secondary trading, LatinFinance is the essential provider of news and analysis that can't be found anywhere else. For more information please visit latinfinance.com.
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