In a year when public equity markets were far from their best, one company managed to raise nearly US$8bn and complete its strategic objectives against the odds. For executing a unique financing scheme and making use of new markets and investors, Alibaba is IFR Asia’s Issuer of the Year.
Change is afoot in Asia’s capital markets. This year’s Review comes after the best year on record for Asian bonds, but one of the toughest ever for primary equities, turning the region’s established investment banking model on its head.
While many readers will doubtless be relieved to see the end of 2012, the region’s debt specialists are looking forward to a well-earned break. The breakthrough growth of Asia’s debt capital markets has been one of the highlights during a challenging year, but it is just one of a number of themes that have...Read more