New York, September 30, 2022 – Mizuho Americas today announced that it has won two LatinFinance Project & Infrastructure Finance 2022 awards for its lead role financing Panama’s Metro Line 3. The awards were announced at an annual awards dinner last night in New York City.
Mizuho was awarded Infrastructure Financing of the Year – Central America and Infrastructure Financing of the Year – Latin America for its role as mandated lead arranger on the $1.9 billion credit facility for Panama Metro Line 3, the first monorail system in Latin America to use Japanese high-speed train technology. The 24.5km project is expected to carry approximately 160,000 passengers daily, reduce average travel times during peak hours, and cut carbon dioxide emissions in Panama by 20,000 tons per year.
“We are proud to be a part of this important infrastructure project, which will help strengthen Panama’s transportation network and its economy more broadly,” said Mark Tuttle, Head of Latin America Banking & Debt Capital Markets, Mizuho Americas. “This transaction is merely one example of the innovative financing solutions our banking teams support, which contribute enormously to the economic vitality of the Latin America region.”
LatinFinance previously recognized Mizuho for its role on the Panama metro project with the Structured Finance of the Year award, at the annual Deal of the Year awards in February 2022.
The LatinFinance Project & Infrastructure Finance Awards recognize the most impressive transactions and institutions in Latin America infrastructure finance and investment – a field critical to the region’s economic progress – as judged by the LatinFinance editorial team. Selection criteria include market significance, structural aspects such as complexity and innovation, social impact, and execution of each transaction.
About Mizuho Americas
Mizuho Americas is a leading provider of a broad range of financial services, including investment and corporate banking, lending, custody, treasury services, research and capital markets solutions. With professionals across the U.S., Canada, and Latin 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 www.mizuhoamericas.com.
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 800 offices and 55,000 employees worldwide in nearly 40 countries throughout the Americas, EMEA and Asia. As of December 31, 2021, its total assets were approximately $2 trillion. Learn more about Mizuho Financial Group at www.mizuhogroup.com.
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Executive Director, Media Relations, Mizuho Americas
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