Cleary Gottlieb “dominated” in Latin Lawyer’s league table for debt capital markets activity across Latin America for 2019, with the highest number of transactions and the highest combined value of any international law firm.
Published on June 9, the No. 1 rankings were based on deals submitted to Latin Lawyer by law firms that took place in 2019. Cleary led the way, working on 37 debt transactions and helping companies raise a combined $55 billion across Latin America, nearly $20 billion more than the next-ranked firm.
Cleary partner Nick Grabar commented in the article, saying, “The large, well-established Latin American borrowers continued to have good access to international debt capital markets funding at attractive rates. Less well-known names also found their way to the market, despite a complicated political environment in the major jurisdictions.” Latin Lawyer also reported on the outlook for the rest of 2020, and shared Nick’s remark that “at this point, 2019 seems like a different world.” The article is available here.
In 2019, Cleary advised on the largest debt transaction that took place in Latin America, by Mexican state-run oil company Pemex, and advised Chile on its “precedent-setting” sovereign green bond – the first Latin American country to complete such an offering.