February 2012
Deals of the Year 2011: Global markets – Diamonds in the rough
It was a year that many in banking would
like to forget. But adversity can be the
mother of invention and an impressive array
of transactions shone through the gloom:
evidence of the market’s resilience in the face
of everything macroeconomic headwinds can
throw at it
| Cargill Inc/The Mosaic Company |
| Size |
$7.5 billion customized split-off and debt-for-equity exchange |
| Date |
May 2011 |
| Joint bookrunners |
Credit Suisse, JPMorgan, UBS |
| Adviser to Cargill |
Credit Suisse |
| Adviser to MAC Foundation |
UBS |
|
View deal information: Cargill Inc/The Mosaic Company |
| Glencore |
| Size |
$11 billion initial public offering |
| Date |
May 2011 |
| Joint bookrunners |
Citigroup, Credit Suisse, Morgan Stanley |
| Issue price |
530p |
| View deal information: Glencore |
| Kinder Morgan |
| Size |
$3.3 billion private equity-backed initial public offering |
| Date |
February 2011 |
| Lead managers |
Goldman Sachs, Barclays Capital |
| Issue price |
$30 |
| View deal information: Kinder Morgan |
| European Union |
| Size |
4 billion benchmark notes due 2026 |
| Date |
September 2011 |
| Lead managers |
Barclays Capital, Crédit Agricole, DZ Bank, Goldman Sachs, JPMorgan |
| Coupon |
3% over OAT 3.5% April 26 |
| View deal information: European Union |
| Rabobank |
| Size |
$2 billion PerpNC 5.5 additional tier 1 capital securities |
| Date |
November 2011 |
| Lead managers |
Credit Suisse, Morgan Stanley, Nomura, Rabobank |
| Coupon |
8.4% |
|
View deal information: Rabobank |
More information on deals of the year
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