Cleary Gottlieb Counsel in Six IFR “Deals of the Year”

January 6, 2011

Six deals on which Cleary Gottlieb advised during 2010 were named as “Deals of the Year” by International Financing Review.

The award-winning deals are:

Latin America Equity Issue of the Year: Petrobras’s $70 billion follow-on offering. (Cleary Gottlieb represented Petrobras. This is expected to be largest equity offering ever.)

Investment-Grade Corporate Bond of the Year: América Móvil’s €2.5 billion-equivalent bond. (Cleary Gottlieb represented América Móvil.)

Financial Bond—Subordinated Debt: HSBC’s $3.8 billion $25 par capital securities. (Cleary Gottlieb represented HSBC.)

Latin America Loan of the Year: Americas Mining Corporation’s $1.5 billion loan. (Cleary Gottlieb was counsel to a bank syndicate. The loan was used to fund Americas Mining plan of reorganization for its U.S. copper unit, ASARCO LLC.)

Americas Restructuring of the Year: CIT Group. (Cleary Gottlieb was counsel to various derivative counterparties and market makers.)

Emerging Asia Bond of the Year: Philippines’ Ps44.1 billion 2021 global bond. (Cleary Gottlieb represented the underwriters.)

IFR, a Thomson Reuters publication, is one of the world’s leading providers of international capital markets news and analysis, and their annual awards highlight the leading capital markets and financing deals and practitioners of the year.