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Deals of the Year 2012: América Móvil

América Móvil
Date November 28
Size Ps15 billion ($1.1 billion-equivalent)
Structure Global Peso, 10-year bonds
Bookrunners Deutsche Bank, HSBC and Morgan Stanley were active bookrunners, with BBVA, Citi and Credit Suisse as passive bookrunners
return to the Latin America Deals of the Year index

Latin American issuers in the international debt capital markets enjoyed near-perfect conditions in 2012; total volumes hit another new record and many other records were set. The region’s credits continued to improve relatively and absolutely on those from developed markets, while issuers could access lower rates in the international market than were available domestically. There was heavy demand as international investors searched for yield outside their home and other developed markets. The result was that records tumbled. In total, $114.2 billion was raised by Latin American issuers in the international DCM markets. In February 2012, Petrobras broke the record for a single deal by an emerging markets issuer when it printed a total of $7 billion in four tranches.

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