IFR Special Reports | IFR

Asian Issuers: Timing it right

Source: REUTERS/Vivek Prakash US figure skater Michelle Kwan performs during the opening of the ice rink at the Marina Bay Sands casino in Singapore. This year’s Asian Issuers Special Report showcases a group of issuers that each demonstrated an ability to adapt to changing market conditions. Asia’s capital markets enjoyed another strong year, but companies needed to be nimble to take full advantage. Across every asset class, shifting fund flows and risk appetite complicated efforts to capture the best terms, and many slow movers missed out...Read more

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Stories in Special Report

Talk of the town

Ahead of the group’s hotly anticipated listing, Alibaba is already stirring debate across the capital markets.

Making waves

CNOOC’s acquisition of Canada’s Nexen set a new standard for overseas Chinese M&A, coming with a well-thought-out strategy and a sophisticated financing package.

Nimble moves

Kaisa Group was at the head of a high-yield resurgence in 2013, with a US dollar bond in January and a hugely oversubscribed Dim Sum offering in April.

Active manager

Blue-chip Singapore developer CapitaLand reduced its interest payments on convertible bonds just as talk of tapering was gathering pace.

Looking abroad

Croesus Retail Trust broke new ground when it listed a portfolio of Japanese shopping malls in Singapore, catching huge demand for Japan’s new growth story.

Gaining from growth

Besides providing exposure to a myriad of businesses, LT Group from the Philippines gave investors a piece of the country’s growth story.

Trouncing obstacles

Thai oil-and-gas group PTTEP tapped multiple asset classes to finance an ambitious African acquisition, at one point, even considering a hybrid capital issue.

Changing course

The darling of the credit markets only six months ago, Indonesia has become a symbol of just how fast sentiment can change.

Silver lining

Reliance Industries has kept financiers on their toes with a smart and consistent strategy, despite India’s troubled economy and highly volatile markets.

Scanning horizons

National Australia Bank showcased its ability to vary its financing strategies with the notable debut of a New Zealand Kauri bond and a rare Australian Dim Sum offering.