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

 
Global markets
Return to the Deals of the Year main index
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

Crest Nicholson
Size £509 million refinancing and debt-for-equity swap
Date September 2011
Financial adviser Lazard

View deal information: Crest Nicholson

BNP Paribas Emerging Balanced Note index
Size $30 million
Date February 2011
Structurer BNP Paribas

View deal information: BNP Paribas Emerging Balanced Note index