June 2007

Best borrowers 2007: Best corporate borrower – Latin America: Companhia Vale do Rio Doce


CVRD mines rich loan seam, following through with record-breaking bond issues.


Euromoney’s borrower awards 2007
Overall awards
Best sovereign/supranational/agency borrower Best bank borrower
Best insurance borrower Best ABS
Best CDO borrower Best covered bond issuer
Best corporate borrower Best high-yield/leveraged finance borrower
Latin America regional awards
Best sovereign borrower Best corporate borrower
Best financial borrower
Central & Eastern Europe regional awards
Best sovereign borrower Best corporate borrower
Best financial borrower
Asia regional awards
Best sovereign borrower Best corporate borrower
Best financial borrower
Middle East and northern Africa regional awards
Best borrower

When Brazilian mining company Companhia Vale do Rio Doce (CVRD) offered to buy Canadian rival Inco for $18 billion in August 2006, CFO Fabio Barbosa and CEO Roger Agnelli weren’t worried about raising the money – to all intents and purposes it was already in the bank, thanks to the largest emerging market syndicated loan of all time.

More information on best borrowers


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