Deals of the Year: Latin America pushes boundaries

Mexico, OGX and Cencosud showed that innovative, well-timed deals were possible in spite of market turmoil.

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In 2008, Latin American corporates and sovereigns continued to broaden their activity in capital markets, despite increasingly adverse conditions. In December, Mexico showed guts and ingenuity when it got an impressive $2 billion deal priced in the midst of arguably the worst financial crisis in more than 70 years.

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