If 2009 was all about survival, then 2010 has been a year of progress. Having weathered the storm of the financial crisis last year, Asian issuers have taken advantage of resurgent demand for emerging market assets to launch a variety of innovative deals. This year’s Asian Issuers report highlights a number of the landmark transactions and leading companies that are paving the way for others to follow and moving the Asian capital markets into higher gear. Singapore’s Temasek Holdings broke new ground across a variety of markets as it pushed its...Read more
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If bank health is anything to go by, then the theory that Asia has decoupled from the US and Europe seems to be sound. While US and European regulators have been busy stress-testing their banks, Asian banks continue to outperform.
Singapore investment fund Temasek Holdings has this year stepped up its capital market activity, establishing itself as a savvy, opportunistic issuer with new benchmarks in both the domestic and offshore markets.
Malaysia is already the world’s biggest Islamic bond market. However, co-operation with Middle Eastern investors has been lacking and national mortgage agency Cagamas is leading efforts to change that.
Psalm finally began to deliver on its promise to become an active domestic issuer this year, but political upheaval has since rocked its funding plans.
Few real estate companies in China can stake claims to having as strong a following among investors as Shimao Property Holdings. Among its peers, Shimao stands out for its ability to have raised funds even during testing times.
The last of China’s big four bank IPOs came to market amid treacherous conditions, but that did not stop Agricultural Bank of China from closing the record deal.
India’s first microfinance listing from SKS Microfinance captured the attention of investors, boosting the company’s ability to provide essential loans to India’s poor and proving there is a place for the altruistic microfinance sector in the commercial equity capital markets.
The listing of Sunway REIT re-opened Malaysia’s property trust market, coming just ahead of another benchmark IPO from the sector.
Was it a CB or was it a CMBS? Ascendas REIT combined the two to end up with an unusual Triple A rated secured deal that set a new model for the Singaporean market.
Bharti Airtel’s merger with Zain Telecom’s African assets capped the remarkable transformation of the Indian mobile phone group from bit-part player into a national champion.
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