New York, December 2, 2021 – Mizuho Americas today announced it has been awarded four 2021 Bonds & Loans Latin America & Caribbean Awards. Presented at a ceremony in Miami last night, the awards recognize outstanding achievement in deals across sovereign, corporate and financial institution issuers and borrowers in the LatAm region. In addition to being named Loan House of the Year, Mizuho Americas was honored for its role in deals for the United Mexican States, Suzano, and EnfraGen.
Loan House of the Year based on the judges’ evaluation of Mizuho Americas’ active leadership in both number and volume of deals across the region, roles on key transactions, market feedback, innovation, and deals of note.
Liability Management Deal of the Year for United Mexican States (UMS), US$3.625bn long 10yr and inaugural long 40yr bond offering and concurrent ~US$3.0bn cash & switch tender offer. The 2.659% coupon on the 10Y was the lowest ever for UMS, demonstrating its strong position in the market and the robust appetite from emerging market investors for higher-quality credits.
Ground-Breaking Deal of the Year for Suzano’s US$750mm 3.75% Sustainability Linked Bond (SLB). This was the first SLB in Latin America and the second globally, innovating and pushing the boundaries of the sustainability agenda in the region. The transaction effectively opened the door for a wide array of corporates from the region to approach investors actively focused on ESG.
Project Finance Deal of the Year for EnfraGen’s bank debt and senior secured notes deal totaling over US$1.7bn in debt. The senior secured notes were the first ever multi-jurisdictional project bond in the market. The notes were well received by investors globally, and EnfraGen’s success in the market has paved the path for future multi-jurisdictional project bonds in Latin America.
“We are honored to receive the Loan House of the Year Award, and the recognition of Mizuho’s leadership in executing innovative, creative and groundbreaking transactions for our clients,” said Mark Tuttle, Head of Latin America Banking and Capital Markets. “We take special pride in our ability to showcase our capabilities with our core clients in the region, and becoming trusted advisors for them. Global investors continue to be supportive of the region, and our platform allows our corporate, sovereign, quasi-sovereign and FI clients to optimize their capital structures, finance transformational projects and move their ESG agendas forward.”
The selection process for the awards involves examination of deal size, tenor, structure, and distribution, as well as analysis and background of the borrower and their accessibility to financing. Extra emphasis is placed on deals that demonstrate high-quality execution, access new pools of liquidity, feature innovative structuring, and open up new markets.
About Mizuho Americas
Mizuho Americas is a leading provider of a broad range of financial services, including corporate and investment banking, lending, custody, treasury services, research and capital markets solutions. With professionals across the U.S., Canada, and Latin and South America, Mizuho Americas supports corporate clients, institutional investors, and public sector organizations by connecting local markets to a vast global network. To learn more about Mizuho Americas' business, values, and ethical commitments, and the entities it comprises, visit to www.mizuhogroup.com/americas.
Mizuho Americas is an integral part of the Japan-based Mizuho Financial Group, Inc. (NYSE: MFG). Mizuho Financial Group is one of the largest financial institutions in the world, offering comprehensive financial and strategic services through its subsidiaries. The group has approximately 900 offices and 60,000 employees worldwide in nearly 40 countries throughout the Americas, EMEA, and Asia. As of December 31, 2020, its total assets were $2.1 trillion. Learn more about Mizuho Financial Group at www.mizuhogroup.com.
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Director, Media Relations, Mizuho Americas
Vice President, Media Relations, Mizuho Americas