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Monday, 26 June 2017

Top Awards 2014

Flying the EM flag

Emerging Markets Bond House, Latin America Bond House and Emerging EMEA Bond House: Citigroup

IFR Review of the Year 2014

In a year in which political and market risks have intensified, one firm has stood out as the complete emerging markets bank, with its consistency across all borrower types and every developing region putting it ahead of its competitors. Citigroup is IFR’s Emerging Markets Bond House, Latin America Bond House and Emerging EMEA Bond House of the Year.

Issuer Awards 2014

Taking responsibility

Financial Issuer: Morgan Stanley

IFR Review of the Year 2014

Morgan Stanley issued deals in five currencies, paved the way for other banks and corporates to tap the Taiwanese Formosa market, and enjoyed so much outperformance in spreads that it now trades through Goldman Sachs. For these efforts and for the glowing reports from investors about its deal execution, it is IFR’s Financial Issuer of the Year.

Bond Awards 2014

North American Financial Bond: RBC’s C$500m non-call five-year AT1

IFR Review of the Year 2014

Royal Bank of Canada flexed its muscles as a leader and an innovator in the Canadian debt capital markets in 2014, pioneering the development of a new market for non-viability contingent capital for Canadian banks.

Structured Finance Awards 2014

Asia-Pacific Structured Finance Issue: Volkswagen Finance’s Driver China One Rmb796m ABS

IFR Review of the Year 2014

China’s burgeoning securitisation market stepped up a notch in 2014 as six companies won approval to issue securities backed by auto loans, but Volkswagen’s local financing unit went the extra mile to introduce international standards to the domestic arena.

Emerging Markets Awards 2014

Asia Bond: Bank of China’s Rmb40bn AT1 preference share issue

IFR Review of the Year 2014

In a year when bank capital securities took centre stage in Asia, the first Additional Tier 1 offering from mainland China proved the most ambitious, and the most significant.

Derivatives Awards 2014

Gaining an edge

Commodity Derivatives House: Societe Generale

IFR Review of the Year 2014

Bullish commodity expectations were dashed as first-quarter exuberance faded fast. A stable model combining derivatives and financing with physical capabilities led to market share gains for one bank, as the integration of a broking business proved to be a game-changer. Societe Generale is IFR’s Commodity Derivatives House of the Year.

Loans Awards 2014

North America Leveraged Loan: Burger King’s US$7.25bn acquisition loan

IFR Review of the Year 2014

Burger King Worldwide got the recipe right by pushing a well-timed and priced leveraged loan backing its C$12.64bn (US$11.06bn) acquisition of Canadian quick-service restaurant chain Tim Hortons through the US leveraged loan market just before a market correction.

Equities Awards 2014

Staying strong

Asia-Pacific Equity House: Goldman Sachs

IFR Review of the Year 2014

In an uncertain year, one bank combined its Asian expertise and global platform to raise funds for top-tier clients. For its continued dominance of market-defining deals, Goldman Sachs is IFR’s Asia-Pacific Equity House of the Year.

Structured Equity Awards 2014

Asia-Pacific Structured Equity Issue: CP Food’s US$290m exchangeable bond into CP All

IFR Review of the Year 2014

In a turbulent year for Thailand, CP Foods managed to bring a new structure to market, achieve aggressive terms and time the offering to perfection, raising US$290.4m from an exchangeable bond just three days before street protests brought issuance to a standstill.

IFR Awards

IFR Global 2014 Cover - SP Page

IFR Review of the Year 2014

IFR Review of the Year 2014

In many ways 2014 was a bumper year for the investment banking industry. Although the year began with a few jitters as the US Federal Reserve changed guard and began to taper its purchases of government and asset-backed securities, asset prices across the markets quickly resumed their upward march of the past five years.

2014 IFR Americas Awards

The IFR Americas Awards seek to recognise outstanding capital markets achievement in the US, Canada and Latin America. These Awards will be presented at a special ceremony at the Thomson Reuters Building, Times Square, New York on January 28 2015.

2014 IFR Asia Awards

The IFR Asia Awards honour achievement in Asia’s capital markets and are celebrated at the annual IFR Asia Awards Dinner.

This year’s ceremony will be held on February 11 2015 at the Four Seasons Hotel in Hong Kong. For full details, visit www.ifrasiaawards.com.

Digital version

The hard copy of the 2014 IFR Review of the Year is sent to all IFR magazine subscribers, but non-subscribers can view a full digital version for free by clicking here.

If you would like to order the 2014 IFR Review of the Year in hard copy, please contact gloria.balbastro@thomsonreuters.com.

Features

Year in Numbers

IFR Review of the Year 2014

 

Breaking the bank

Breaking the bank

IFR Review of the Year 2014

Fines for previous misdemeanours reached all-time highs in 2014 as regulators became more assertive in extracting large settlements that, while eye-popping, wouldn’t break the banks. But with the last of the big scandals reaching a close, banks are hoping the era of penalties may be behind them.

Time for the great unbundling

Time for the unbundling

IFR Review of the Year 2014

Equities sales and trading is yet another area of European banking in the midst of upheaval. Regulators want banks to be more open with the way they price equity services, including research.

Let’s not make a deal

Let’s not make a deal

IFR Review of the Year 2014

Holdout investors in recent years have done better than those that accepted the terms of sovereign debt restructurings. That has prompted renewed efforts to change the system, level the playing field and bind in defiant creditors. But can the reforms actually work?