Nachum Kaplan, Asia Pacific Bureau Chief
Nachum Kaplan is the Asia Pacific Bureau Chief for International Financing Review magazine, IFR’s real-time analysis and commentary in Asia and a senior judge in IFR’s annual investment banking awards. He is based in Singapore but joined IFR in London in 2001. He has written two definitive capital market guides: Rethinking European Syndicated Lending and Asian Leveraged Finance. A career financial journalist with almost 20 years international experience as a reporter and commentator, he has worked in his native Australia, Indonesia, the United Kingdom and Singapore and has traveled extensively through Asia, Europe and the United States as part of his work.
A lot of water has passed under the bridge since the Asian financial crisis 15 years ago, and although there is still plenty of work to be done, the region has made spectacular progress. The current turmoil in Europe has left Asia looking like a safe bet.
Asian convertible bonds are starting to look decidedly sexy again. Three deals priced this week but more noteworthy than the volumes is the comparatively aggressive structures on display.
It might seem strange to think of a bankruptcy as good news but that is exactly what the Elpida Memory bankruptcy was for Japan. It was not good news for shareholder or creditors, of course. But it was good news more bro