In a year that required the ability to pivot to different geographies and industries as several funding avenues slammed shut, Morgan Stanley demonstrated the breadth and depth of its capabilities, making it IFR Asia’s Bank of the Year.
When one fundraising route closes, another one opens – at least, if you have a good bank behind you.
Politics, regulators and credit concerns all closed funding avenues for Asian companies at some point in 2021, so issuers and arrangers had to be flexible and quick to adapt.
After a booming first half of China-to-US listings, China’s regulatory crackdown on industries like the technology sector, coupled with increased scrutiny from the US authorities, ended that route to market.
Some forward-thinking Chinese companies and their advisers had...Read more