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Latin American Downstream Oil & Gas Deal of the Year 2011: Reficar
The largest project in Colombia to date with export credit agency support, and US Ex-Ims second largest direct majority loan, the $3.5 billion debt financing for the $5 billion Refineria de Cartagena (Reficar) refinery expansion project in Colombia saw US Ex-Im provide a $2.65 billion direct loan wi...
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Latin American Mining Deal of the Year 2011: Caserones
A unique lending group spawned by a unique sponsor line-up the $2 billion Caserones copper mine project is the first of its kind to feature Japanese sponsors, offtakers and three Japanese government backed financial institutions JBIC, NEXI and JOGMEC. With the exception of HSBC in the commercial len...
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Latin American Oil & Gas Deal of the Year 2011: OSX 2
OSX’ financing of its OSX 2 floating production storage and offloading unit managed to overcome difficult market conditions and reassured lenders about its charter with a start-up sister company by allowing for the possible redeployment of the FPSO in the event that oil production from the vess...
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Latin American Power Deal of the Year 201: Norte II
The Mexican independent power project market sustained many New York-based power bankers during some lean years early in the last decade. Japanese, Canadian, French and US developers brought deals to market that asked lenders to accept varying degrees of offtake and fuel risk before a slowing of pow...
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Latin American PPP Deal of the Year 2011: Tlalnepanlta Hospital
Marhnos closed a Ps1.06 billion ($83.6 million) financing for the 25- year Tlalnepantla hospital concession on 24 October 2011. The deal is significant because it features the first equity investment from pension funds in Mexico in a greenfield social infrastructure PPP project using a development c...
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Latin American Project Bond Deal of the Year 2011: ICA Detention
ICAs financing for the Ps9.7 billion ($709 million) Proyectos de Infraestructura Social de ICA detention centre concession is the first fully commercially financed greenfield social infrastructure concession in Mexico. The bond financing, which closed on 28 September 2011, involved institutional inv...
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Latin American Renewables Deal of the Year 2011: T-Solar Peru
T-Solar’s $165 million financing for 44MW of Peruvian solar photovoltaic capacity is the country’s largest solar deal to date. The financing, which closed on 2 December, but has yet to draw, involves a direct loan from the Overseas Private Investment Corporation, with Assured Guaranty prov...
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Latin American Social Infrastructure Deal of the Year 2011: La Florida and Maipu
Grupo Sanjose closed the financing for the UF6.301 million ($238 million) La Florida and Maipu hospitals concession in Chile on 11 February 2011. The deal was the first healthcare concession in a country with a long history of private investment in infrastructure. The countrys health ministry, Minis...
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Latin American Transport Deal of the Year 2011: Embraport
Multi-currency and multi-lender-type financings invariably require lengthier negotiations than a straight commercially banked project. But the $786 million 12- to 15-year limited recourse debt facilities for Brazils Embraport project also required lenders to take on full port market risk no mean fea...
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Latin American Water Deal of the Year 2011: Aqueduct El Realito
A key water supply project for the State of San Luis Potosi in Mexico, the $214.8 million Aqueduct El Realito project, a 25-year PPP concession sponsored by ICA and FCC-owned Aqualia, involves a complex payment structure between government, sponsors, trust and lenders backed by equally complex lette...
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