Shearman And Sterling

News January 29, 2021

Shearman & Sterling Advises on Four LatinFinance Deal of the Year Award Winning Transactions

Shearman & Sterling advised on four LatinFinance  Deal of the Year award winning transactions, offering further proof of our world-class expertise advising on a wide range of complex and cross-border financial transactions in Latin America.

The awards were given to the following deals:

  • Peru’s $3 Billion Dual-Tranche Bond IssuanceSovereign Bond of the Year – This offering, which attracted more than $25 billion in orders, is but one part of the sovereign’s efforts to raise cash to help in its battle to contain the COVID-19 pandemic.
  • Argentina’s $65 Billion Debt RestructuringRestructuring of the Year –Argentina’s latest restructuring stands in contrast to the sovereign’s 2005 debt restructuring, which saw creditors holding around a quarter of bonds reject a deal, leading to over a decade of legal battles. In this transaction, bondholders tendered 93.55 percent of the eligible bonds in the exchange, which with collective action clauses allowed a near-full deal to go ahead.
  • PEMEX’s $5 Billion Debt SecuritiesQuasi-Sovereign of the Year – PEMEX used proceeds of this offering to repurchase dollar-denominated debt maturing in 2020 and for refinancing purposes.
  • Abertis Infraestructuras and GIC’s Acquisition of a 70 Percent Stake in Red de Carreteras de OccidentePrivate Equity Deal of the Year – This transaction allows Abertis to add nearly 900 kilometers to its toll road network and demonstrates its commitment to investment and public-private partnership in Mexico.

LatinFinance  selects the winners of its Deal of the Year awards following a consultation with market participants, research of publicly available information and an evaluation by its editorial team.

These awards demonstrate our leading practice as advisors to Latin America’s leading corporates, financial institutions and sovereigns.

The Team