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Here are the top 26 deals in Southeast Asia
The Asset is pleased to present the Triple A country awards winners for Southeast Asia where the board of editors saw the emergence of interesting deals despite a lull in deal-making activity in some markets in the region.
The Asset 19 Nov 2015

The Asset is pleased to present the Triple A country awards winners for Southeast Asia where the board of editors saw the emergence of interesting deals despite a lull in deal-making activity in some markets in the region.

 

Singapore was a bright spot in Southeast Asia during the review period. The city-state saw the region's first covered bond issuance when DBS priced its US$1 billion covered bond in June. The deal was a landmark trade that opened up a whole new stable funding avenue for banks.

 

Another dynamic and impactful transaction was Neptune Orient Lines' US$1.2 billion sale of APL Logistics that resulted in both companies now being able to focus on their own core competencies. Other key deals in Singapore included Keppel DC's S$512.9 million real estate investment trust (Reit), which represented the first data centre Reit in Asia.

 

In places like Indonesia and the Philippines, sovereigns tested investor sentiment by issuing sizeable bonds. Indonesia's US$4 billion 10- to 30-year fixed rate notes, for instance, had such high demand from investors that the combined order book reached US$20 billion. The board of editors also got a rare chance to evaluate a deal from Laos, and saw how the country was using debt financing to fund infrastructure projects there.

 

In terms of houses, the usual players solidified their position in the marketplace taking part in exciting deals and showcasing their multi-faceted approach to complex fundraising challenges. Citi was a force to be reckoned with, winning the Best Global Bank award in most countries in Southeast Asia. HSBC stood out from the competition in the bond space after executing significant transactions in G3 and local currencies.

 

Even local players were there to compete with international houses. In Malaysia, the likes of CIMB Investment Bank and RHB Investment Bank established themselves as strong houses catering to a number of large corporates. RHB was involved in one of the largest M&A deals in Malaysia being sole advisor to Kulim in the sale of its 49% stake in New Britain Palm Oil.

 

To see the full list of best houses and deals in Southeast Asia, please click here

 

Be sure to watch this space for future awards announcements for North Asia. The winners of The Asset Triple A Awards will be officially honoured at an awards dinner in Hong Kong in January 2016. For more information about this event, please contact [email protected]

 

 

 

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