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

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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%