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Shrewd operator
Numerous borrowers were undone in 2022, when Russia’s invasion of Ukraine crippled issuers’ capacity to act, the market was shut for vast swathes of time and trades fell by the wayside. For its ability to manoeuvre clients through a hazardous environment, Goldman Sachs is IFR’s Emerging EMEA Bond House of the Year.
Ton up
In a tough year for borrowers from emerging EMEA, one new issue stood out.
Thinking outside the box
For providing issuers with a set of tools to navigate a fractured market, through unlocking ESG capital, accessing regional liquidity, and opening up new funding routes both public and private, Standard Chartered is IFR’s Middle East Bond House of the Year.
ESG inspiration
Uruguay’s US$1.5bn sustainability-linked bond was one of the highlights of the year in Latin America's primary bond market and a landmark in sustainable finance as it introduced two-way pricing to the global SLB market.
Fresh approach
Reliance Industries’ blockbuster US$4bn triple-tranche bond came before market conditions worsened, but there was nothing simple about it.
The Middle East was one of the few bright spots globally in equity capital markets in 2022, with IPOs regularly flooded with billions of dollars of demand. Bankers believe that not only is issuance sustainable, but the diversity of sectors, types of deals and even geographic location of companies tapping the market will expand, ensuring the region is a significant part of future ECM activity.
The UK’s LDI crisis was one of the most shocking events in the financial markets in 2022. What went wrong and what happens now?
So-called perfect storms are becoming more frequent in the financial world. The UK will need to tread carefully to avoid being caught in another one.
Buffeted by Covid-19 and caught in the crosshairs of Sino-US tensions and an authoritarian Chinese regime, Hong Kong’s ability to adapt is under sharp focus as it seeks to remain relevant as a global financial centre.
As Japan makes the crucial move to net-zero carbon emissions and other environmental targets, it is relying on transition finance as the mechanism to get there.
