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Monday, 22 December 2014

The IFR Asia Awards 2014

IFR Asia RoY Cover 2014 image





Bank of the year

Bank of the year

IFR Asia Review of the Year 2014

In a year when bond offerings reached new heights, China embraced global markets and equity financings put India and Australia back on the world stage, one bank captured every trend. For its unrivalled breadth of expertise, Citigroup is IFR Asia’s Bank of the Year.

Top Stories from this week's IFR Asia magazine

Released online
Saturday 23:00 Hong Kong / Friday 16:00 London


Mixed end to Hong Kong IPO year

Mixed end to Hong Kong IPO year

IFR Asia 875 - December 20, 2014

Hong Kong’s IPO market ended the year with polarised results last week. While Dalian Wanda Commercial Properties managed to price the city’s biggest IPO of the year near the top of its target range, shares of funeral services group Nirvana Asia plummeted on debut.

Beijing Energy pays up for Dim Sum

Beijing Energy pays up for Dim Sum

IFR Asia 875 - December 20, 2014

Beijing Energy Investment Holding sold a three-year offshore Rmb1bn (US$162m) bond on Tuesday, braving a softer market with one of the last Dim Sum offerings of the year.

Del Monte to delever after jumbo LBO

Del Monte to delever after jumbo LBO

IFR Asia 875 - December 20, 2014

Philippine canned fruit maker Del Monte Pacific is planning to meet investors at the beginning of next year ahead of a rare US$360m offering of offshore preference shares, according to sources close to the transaction.

ECM volumes to hold up in 2015

ECM volumes to hold up in 2015

IFR Asia 875 - December 20, 2014

Equity capital markets specialists are gearing up for another busy year in Asia in 2015, despite more challenging market conditions.

An Army soldier parachutes near a giant national flag during the Army's exhibition at Monas Park in Jakarta.

Indonesia loans under review

IFR Asia 875 - December 20, 2014

After a couple of blockbuster years, offshore loans from Indonesia will face new hurdles in 2015 following a currency slump and looming borrowing restrictions from the country’s central bank.

Asia to test bond record again in 2015

Asia to test bond record again in 2015

IFR Asia 875 - December 20, 2014

Asia could set another record for international bond issues in 2015 if Chinese companies continue to borrow offshore at the same voracious pace they did this year, while bankers expect a heavy redemption schedule and larger pipelines from India and Indonesia to lift activity.

CDL sells Sentosa cash flows in Asia first

CDL sells Sentosa cash flows in Asia first

IFR Asia 875 - December 20, 2014

Singapore’s City Developments has sold the rights to present and future cash flows from a luxury development on Sentosa Island in a securitisation that is thought to be the first of its kind in Asia.

People walk on a bridge near the financial district of Pudong in Shanghai.

New rule stalls China bonds

IFR Asia 875 - December 20, 2014

More Chinese onshore bond sales were pulled last week following the implementation of a new regulation on December 8 banning the use of paper rated below Triple A as collateral for repurchase agreements.

Managing Director of Kazanah Nasional Berhad Tan Sri Dato' Azman Mokhtar gestures during a news conference to announce Malaysia Airlines' restructuring plans, at Petronas Towers in Kuala Lumpur.

Sing bonds set for S$11bn refi boost

IFR Asia 875 - December 20, 2014

Benchmark rates have fallen in the Singapore dollar bond market, making for conducive conditions for new issues early in 2015 as issuers begin refinancing S$11.13bn (US$8.5bn) of bonds due to mature in 2015.

The logo of Mexican petroleum company Pemex is seen at its gas station in Mexico City.

Samurai bulls still riding strong

IFR Asia 875 - December 20, 2014

The Samurai bond market is expected to remain busy for the remainder of Japan’s fiscal year, as the central bank’s monetary-easing programme continues to squeeze domestic yields and global lenders step up their search for alternative sources of funding.

Jonathan Rogers

Asia's ghosts are stirring

IFR Asia 875 - December 20, 2014

Slumping currencies in Indonesia and Malaysia are unwelcome reminders of the region’s financial crisis, says Jonathan Rogers.

Bakrie Telecom agrees restructuring

Bakrie Telecom agrees restructuring

IFR Asia 875 - December 20, 2014

Creditors of Bakrie Telecom have approved its restructuring plan, after it missed a November 2013 coupon payment on its US$380m 11.5% bonds due 2015, but some bondholders were unhappy that they were barred from voting.

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IFR's daily digest of views & news for capital markets professionals

Kaupthing Bank file photo

​Icelandic bank creditors seek separate solutions

Some investors in the failed Icelandic banks Landsbanki, Kaupthing and Glitnir are pressing the Nordic island’s government to settle outstanding monies with them individually rather than reach one grand solution.

Keith Mullin 475px June 2014

Introducing: the alternative IB Awards

Keith Mullin looks back on some alternative winners and losers of 2014.

IFR

Asia's ghosts are stirring

Slumping currencies in Indonesia and Malaysia are unwelcome reminders.

Peters 475px June 2014

And in with the new

Anthony Peters sees a calamity coming – but just not yet.

Keith Mullin 475px June 2014

Some fighting capital markets talk

Keith Mullin examines Paul Young’s decision to jump ship.

Greece

Greek parliament vote in balance after Samaras offer

(Reuters) - Greek Prime Minister Antonis Samaras’ surprise offer to lawmakers to go to the polls late next year in exchange for a vote for his presidential nominee has injected fresh momentum into his flight against the anti-austerity left.

An employee is seen walking over a mosaic of pound sterling symbols

UK banks must do more than stress tests - BoE

(Reuters) - Banks in Britain need to do more than pass health checks on their ability to withstand financial shocks, the Bank of England said, urging boards to improve the way their companies are run.

Putin

Russia's richest man answers Putin call to bring assets home

(Reuters) - Russia’s richest man Alisher Usmanov has transferred his holdings in mobile operator Megafon and iron ore producer Metalloinvest to Russian entities after President Vladimir Putin urged businessmen to bring their assets home.

European Union flags

EC postpones swaps frontloading

The swaps market received an early Christmas present this week as the European Commission lightened the burden for loading existing derivatives trades into central clearing by postponing the start-date for the controversial frontloading requirement.

HK

HKBN files for HK listing

Hong Kong Broadband Network, the city’s second-largest broadband services provider, has filed an application to the Stock Exchange of Hong Kong for a proposed IPO, according to a source familiar with the situation.

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Phew, what a year!

IFR Asia 875 - December 20, 2014

A relentless year for the Asian capital markets is limping to a close. Credit markets have slammed shut, and equity markets remain open only at a cost. This unexpectedly quiet period has given the financing markets time to reflect on a breathtaking year, but it also raises some disturbing questions for 2015.

Comment and Opinion

Jonathan Rogers

Asia's ghosts are stirring

IFR Asia 875 - December 20, 2014

Slumping currencies in Indonesia and Malaysia are unwelcome reminders of the region’s financial crisis, says Jonathan Rogers.

An Army soldier parachutes near a giant national flag during the Army's exhibition at Monas Park in Jakarta.

Indonesia loans under review

IFR Asia 875 - December 20, 2014

After a couple of blockbuster years, offshore loans from Indonesia will face new hurdles in 2015 following a currency slump and looming borrowing restrictions from the country’s central bank.

People walk on a bridge near the financial district of Pudong in Shanghai.

New rule stalls China bonds

IFR Asia 875 - December 20, 2014

More Chinese onshore bond sales were pulled last week following the implementation of a new regulation on December 8 banning the use of paper rated below Triple A as collateral for repurchase agreements.

SPDB: Wu joins as DCM head

IFR Asia 875 - December 20, 2014

Frank Wu joined the structured products department of Shanghai Pudong Development Bank at its Hong Kong branch on November 17.

Special report

Bank of the year

Bank of the year

IFR Asia Review of the Year 2014

In a year when bond offerings reached new heights, China embraced global markets and equity financings put India and Australia back on the world stage, one bank captured every trend. For its unrivalled breadth of expertise, Citigroup is IFR Asia’s Bank of the Year.

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