Asian equity markets saw the revival of initial public offerings (IPO) this year, particularly from China. But the support these deals are getting from other Chinese corporates as cornerstone investors has been giving some investors pause.

The US$8.5 billion IPO of Postal Savings Bank of China, the largest IPO globally, saw over 70% of the total funds raised going to cornerstone investors with China Shipbuilding Industry Corp and Shanghai International Port Group accounting for over 50%. That has been a running theme throughout the year with Chinese issuers tapping Chinese investors who are more than happy to diversify their exposure away from the weakening renminbi.

In the bond market, G3 issuance started the year slow, but picked up steam in the second half. The market has weathered volatility well with regional investors and declining US Treasury yields underpinning an increase in volume.

Meanwhile, the M&A market remained a bright spot despite lingering uncertainty. The market saw several large outbound M&A deals from Chinese private corporates, driving global deal activity and boosting market optimism.

For the past 17 years, The Asset Triple A Awards has been trying to go beyond the rankings to choose deals that are transformational and select banks that provide the best advice and best execution. Often, this involved hours of probing, speaking to the clients and their advisers. The result is this year’s Triple A Country Awards.  

 

The Asset Triple A Country Awards 2016 will be celebrating the achievements of some of the region's top deal makers in a ceremony to be held on January 11. Please click here to see all of this year's winners.

For details of the upcoming event, please click here.