Asia’s best deals of 2009: sovereign bond

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Asia’s best deals of 2009: sovereign bond

December 16, 2009

From Richard Morrow

The international bond market was in panic mode at the start of the year, but one deal stood out for raising the confidence of other Asian borrowers. Asiamoney unveils its choice for the best sovereign bond deal of 2009.

BEST SOVEREIGN BOND
Republic of the Philippines US$1.5 billion 8.375% bonds due 2019
Bookrunners: Credit Suisse; Deutsche Bank; HSBC

Hard as it may now be to recall, in the beginning of 2009 the world’s international bond market was...

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SOUTHEAST ASIA DCM

Rank

Bookrunner Parents

Deal Value $ (Proceeds) (m)

No.

%share

2012 YTD Rank

Standard Chartered Bank

3,991

8.9

HSBC

3,710

8.3

Goldman Sachs

3,333

7.4

Deutsche Bank

2,895

6.4

Citi

2,774

6.2

JPMorgan

2,288

5.1

DBS

2,106

4.7

Siam Commercial Bank

1,835

4.1

Barclays

1,586

3.5

CIMB Group

1,523

3.4

Subtotal

26,040

123

57.9

Total

44,958

212

100.0

Asiamoney Views

Thailand must let bond investors think for themselves – opinion

21 May 2013 | The Thai MoF’s cosseting of investors is bordering on the ridiculous. The treasury must start letting bondholders think for themselves if it doesn’t want to damage the domestic market.
Korean credit rating agencies overrated – opinion

15 May 2013 | Korean credit rating agencies need to work harder to boost market transparency in order to instill confidence the nation’s financial system which has been plagued by rising delinquencies and NPLs.
Too much of a good thing for the Philippines – opinion

14 May 2013 | The Philippines should employ macro-prudential measures to avoid the risk of being derailed by capital inflows due to its recent promotion to investment grade.
Japan’s ballooning debt must take a back seat – opinion

13 May 2013 | Japan has taken heat for tackling the yen before remedying the country’s inflating debt level. While this remains a serious issue, the reality is that Japan must kick the can to deal with debt later.

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