When one fundraising route closes, another one opens – at least, if you have a good bank behind you. Politics, regulators and credit concerns all closed funding avenues for Asian companies at some point in 2021, so issuers and arrangers had to be flexible and quick to adapt. After a booming first half of China-to-US listings, China’s regulatory crackdown on industries like the technology sector, coupled with increased scrutiny from the US authorities, ended that route to market. Some forward-thinking Chinese companies and their advisers had...Read more
To purchase printed copies or a PDF of this report, please email leonie.welss@lseg.com and shahid.hamid@lseg.com
In a year that required the ability to pivot to different geographies and industries as several funding avenues slammed shut, Morgan Stanley demonstrated the breadth and depth of its capabilities, making it IFR Asia’s Bank of the Year.
Perfect harmony
In a year when investors turned to India as a non-correlated alternative to China, one bank stood out in a highly competitive field. For its breadth of coverage and depth of expertise, Axis Bank is IFR Asia’s Asian Bank of the Year.
Funding transition
For bringing challenging transactions to the onshore and offshore markets, advancing its sustainability agenda in rocky conditions for Asian high yield, while also funding a landmark acquisition, JSW Group is IFR Asia’s Issuer of the Year.
Western hedge funds eye big-ticket workouts from China as restructurings become more predictable elsewhere in Asia
India’s attempts to internationalise the rupee have fallen short of expectations, hampered by red tape and a volatile currency. Still, there are hopes that the subdued Masala bond market could see a revival in 2022
The Tokyo Stock Exchange is restructuring in a process designed to rationalise its board structure, improve corporate governance and attract more investors to Japan. But do the changes go far enough?
A selection of numbers and charts that illustrate the events of 2021
Highlights of the year in black and white
A year in the life of bond banker reginald sellars
Alternative definitions of the year’s buzzwords