The Asset
Regional Awards 2016

Best Deals - Fixed Income

Best bond /
Best FIG green bond

Bank of China US$2.25 billion, CNH 1.5 billion, €500 million green bond offering
Bank of America Merrill Lynch, Bank of China, Credit Agricole CIB, HSBC
Bank of China, Citi, Wells Fargo Securities
Bank of America Merrill Lynch, Bank of China, BNP Paribas, CCBI, Credit Agricole CIB, Commerzbank, HSBC, ING, SEB

The largest ever international green bond offering globally and the first ever euro green bond issuance from Asia, ex-Japan.
Best sovereign bond

Republic of the Philippines US$2 billion accelerated one-day switch tender offer and new global bond
Citi, Deutsche Bank, HSBC, Standard Chartered
Citi, Credit Suisse, Deutsche Bank, HSBC, J.P. Morgan, Morgan Stanley, Standard Chartered, UBS

This is the first emerging market sovereign US dollar long bond – 20 years or more in tenor – offering globally in 2016 and achieves a new record low coupon for a US dollar offering by the RoP.
Best quasi-sovereign bond

Export-Import Bank of Korea US$2.5 billion bond offering
Bank of America Merrill Lynch, BNP Paribas, Citi, Goldman Sachs, HSBC, Nomura

The well-received transaction represents the first triple tranche US dollar offering out of Korea and the first three-year public offering by a quasi-sovereign out of Korea since April 2014.
Best local financing vehicle bond (LGFV)

Tianjin Rail Transit Group US$500 million senior unsecured notes
BOSC International, CCBI, DBS, Deutsche Bank, HSBC, ICBCI, Standard Chartered, Wing Lung

Debut trade for the company that represents the lowest coupon and re-offer yield of a Chinese provincial/municipal SOE issuer’s USD 3-year and 5-year bonds issue.
Best corporate bond

Cheung Kong Infrastructure US$1.2 billion fixed-for-life perpetual securities
Deutsche Bank
Deutsche Bank, HSBC, J.P. Morgan

This is the largest perpetual issuance in Asia since 2010 and was backed was robust investor demand.
Best bank capital bond

DBS Group US$750 million Basel III-compliant additional tier 1 capital
DBS
Citi, DBS, Deutsche Bank, HSBC, Societe Generale CIB

This is DBS Group’s first US dollar Basel III-compliant additional tier 1 (AT1) instrument and achieves the tightest coupon globally for a US dollar perpetual AT1 capital securities.
Best investment grade bond

State Grid Corporation of China US$1 billion and €1 billion multi-tranche bond
BOCI, Goldman Sachs, HSBC, ICBCI, Morgan Stanley
BOCI, CCBI, Citi, Goldman Sachs, HSBC, ICBCI, J.P. Morgan, Mizuho Securities, Morgan Stanley, Santander, UBS

The first Asian issuer to tap the six-year and nine-year euro bond market curve simultaneously and the company’s first ever Reg S/144A dual currency multiple tranche senior bond issue.
Best high-yield bond

361 Degrees International US$400 million senior unsecured bond
Bank of America Merrill Lynch

The largest non-property high yield bond issuance from Asia in 2016 and garnered strong investor demand.
Best local currency bond

Housing Development Finance Corporation 30 billion rupee bond
Axis Bank, Credit Suisse, Nomura

This is the first Indian corporate masala bonds, thus opening a new funding avenue for Indian corporate credits.
Best renminbi bond

Veolia 1 billion yuan bond
Bank of China
BNP Paribas, Credit Agricole CIB, Standard Chartered

Represents the first time a French corporate has tapped the onshore Chinese market for renminbi financing to support its China operations.
Best new bond

Television Broadcasts Limited US$500 million senior unsecured bond
Bank of America Merrill Lynch, Credit Suisse

This debut bond deal achieved the lowest yield for a five-year unrated US dollar bond offering by a Hong Kong issuer since March 2013.
Best corporate green bond

Zhejiang Geely Holding Group Company US$400 million green bond
Bank of China, Bank of America Merrill Lynch, Barclays, Societe Generale CIB

This is the first ever green bond from a global automobile manufacturer and the first Chinese green bond whose net proceeds are used for dedicated green project.
Best corporate liability management

ICTSI US$375 million new issue and hybrid tender exercise
Citi, HSBC, Standard Chartered

The first tender offer targeting repurchase of US dollar perpetual securities in Asia this year.
Most innovative deal

Astrea III US$510 million private equity bond
Credit Suisse, DBS

This is a ground-breaking transaction, representing the first listed notes in Singapore backed by cash flows from private equity funds.
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