The pace of deals has slowed in recent months, but South-East Asia continues to provide a tantalising opportunity for capital markets professionals.
With recent efforts to bring lower-rated South-East Asian borrowers to the global debt capital markets yielding mixed results, the outlook for investors’ high-yield appetites remains uncertain.
After a stuttering start, local corporate bond markets in Singapore and Malaysia are showing signs of a rebound, and bankers and analysts believe issuance volumes in 2015 will grow year on year.
The outlook for cross-border listings within ASEAN has improved with Thailand looking to promote itself as a regional related destination and Bangkok’s liquid equity market may appeal to some foreign issuers over Singapore.
The long-awaited arrival of covered bonds in Singapore debut has moved closer to reality following the release of the latest MAS consultation paper. What’s in store for 2015 and what is the potential for this market?
Prospects for the South-East Asian loan market remain strong even after a sharp decline in pricing, as yield-hungry lenders look to new markets to boost their returns.
A stop-start privatisation programme and talk of landmark cross-border listings is raising hopes for Vietnam’s capital markets, although investors remain cautious about the country’s future.
It is early days for Myanmar’s capital markets, but already international financings and plans for a modern stock exchange are attracting overseas interest.