FinanceAsia is pleased to announce the winners of its country awards, the first of a three-part series revealing our Achievement Awards for 2018.
We will announce the best deals overall and the best banks in a variety of categories over the next two days. But for now — the following deals were the most impressive among all those we considered from individual countries.
BEST BANGLADESH DEAL
Technaf Solartech Energy's $15 million term loan
Local currency arrangers: Standard Chartered, One Bank, Shahjalal Islami Bank, Saudi Bangladesh Industrial & Agricultural Investment Company
Foreign currency arranger: Standard Chartered
Risk participator: GuarantCo
Legal advisors: Eversheds Sutherland, DFDL Bangladesh
Technical advisor: Advisian
BEST CAMBODIA DEAL
NagaCorp’s $300 million 9.375% May 2021 bond deal
Joint global co-ordinators: Credit Suisse, Morgan Stanley
Legal advisors:
Issuer: Freshfields Bruckhaus Deringer, Maples & Calder, HML Law Group
Managers: Latham & Watkins, DFDL
BEST CHINA DEAL
Ant Financial's $14 billion Series C funding
Financial advisors: Deutsche Bank, Citi, China International Capital Corp, CITIC Securities, JPMorgan, Morgan Stanley
Legal advisors:
To Ant Financial: Simpson Thacher & Bartlett, King & Wood Mallesons
To financial advisors: Sullivan & Cromwell LLP
To selected investors: Kirkland & Ellis, Allen & Overy
BEST HONG KONG DEAL
Bank of China Hong Kong’s $3 billion 5.9% additional tier 1 perpetual bond deal
Joint global co-ordinators: Bank of China, Bank of China International, Cinda International, Citi, Goldman Sachs
Joint lead managers: BNP Paribas, Guotai Junan International, Morgan Stanley
Legal advisors:
Issuer: Clifford Chance
Managers: Linklaters
BEST INDIA DEAL
Walmart’s $16 billion acquisition of a 77% stake in Flipkart Online Services
Financial advisors:
Sell side: Goldman Sachs, Raine Group
Buy side: Barclays, JP Morgan
Legal advisors:
Sell side: J. Sagar Associates, Allen & Gledhill, Cyril Amarchand Mangaldas, Dentons Rodyk & Davidson, Gunderson Dettmer Stough Villeneuve Franklin & Hachigian, Khaitan & Co, Allen & Overy, TriLegal Partners
Buy side: Gibson Dunn & Crutcher, Hogan Lovells, Shardul Amarchand Mangaldas& Co, WongPartnership
BEST INDONESIA DEAL
MUFG Bank's $5.9 billion acquisition of a 40% stake in Bank Danamon from Fullerton Financial Holdings
Financial advisors:
Sell side: Credit Suisse, UBS
Buy side: JP Morgan, Mitsubishi UFJ Morgan Stanley Securities
Legal advisors:
Sell side: Herbert Smith Freehills, Hiswara Bunjamin & Tandjung in association with Herbert Smith Freehills, Makes & Partners, WongPartnership
Buy side: Baker McKenzie, Hadiputranto, Hadinoto & Partners
BEST KOREA DEAL
LG Chem's EUR 315.2 million convertible bonds due 2021 and $220 million convertible bonds due 2021
Lead Manager: Credit Suisse
Trustee: Bank of New York Mellon
Legal Advisors: Linklaters, Cleary Gottlieb Steen & Hamilton
BEST LAOS DEAL
EDL-Generation’s Bt13.7 billion ($410 million) multi-tranche bond
Financial advisor: Twin Pine Group
Joint lead arrangers: Bangkok Bank, Krung Thai Bank, Siam Commercial Bank, Thanachart Bank; Standard Chartered
Legal advisors: LS Horizon, Allen & Overy
BEST MALAYSIA DEAL
Saudi Aramco's $7 billion acquisition of a 50% stake in Petronas' RAPID project
Financial advisor: Morgan Stanley
Legal advisors:
Sell side: Shearman & Sterling
Buy side: White & Case
BEST MONGOLIA DEAL
Development Bank of Mongolia’s $500 million 7.25% October 2023 bond deal
Joint global co-ordinators: HSBC, JP Morgan, Morgan Stanley
Advisor to DBM: Frontier Strategies
Legal advisors:
Issuer: Mayer Brown
Managers: Allen & Overy
BEST MYANMAR DEAL
None awarded
BEST PAPUA NEW GUINEA DEAL
Papua New Guinea’s 8.375% October 2028 bond deal
Global co-ordinator: Credit Suisse
Joint lead manager: Citi
Legal advisors:
Issuer: Milbank Tweed Hadley & McCloy
Managers: Linklaters, Dentons
BEST PAKISTAN DEAL
Government of Pakistan’s $565 million 12-month syndicated term loan
Lead advisors, joint mandated lead managers and bookrunners: Credit Suisse, ICBC
Lead arrangers: Bank of Zhengzhou (and Paris branch), Export-Import Bank of China, Postal Savings Bank of China, Beijing Changping sub-branch
Legal advisors: Clifford Chance, HaidermotaBNR
BEST PHILIPPINES DEAL
San Miguel Food and Beverage’s Ps34.1 billion ($637 million) follow-on
Financial advisor: Standard Chartered Bank
Joint global co-ordinators: JP Morgan, Morgan Stanley, UBS
Joint bookrunners: Deutsche Bank, Goldman Sachs
Local lead underwriters: BDO Capital, BPI Capital
Legal advisors: Picazo Buyco Tan Fider & Santo, SyCip Salazar Hernandex & Gatmaitan, Latham & Watkins, Milbank Tweed Hadley McCloy LLP
BEST SINGAPORE DEAL
Merger between ESR-Reit and Viva Industrial Trust, S$3 billion ($2.2 billion) asset base
Financial advisors:
ESR-REIT: Citi, RHB Securities, UOB
Viva Industrial Trust: Bank of America Merrill Lynch
Joint Lead Arrangers: HSBC, Maybank, RHB Bank, UOB
Legal advisors: WongPartnership, Rajah & Tann
BEST SRI LANKA DEAL
The Democratic Socialist Republic of Sri Lanka’s $2.5 billion 5.75% and 6.75% April 2023 and 2028 bond deal
Joint global co-ordinators: Citi, Deutsche Bank, HSBC, JP Morgan, Standard Chartered.
Legal advisors:
Issuer: Allen & Overy
Managers: Mayer Brown, FJ & G De Saram
BEST TAIWAN DEAL
The $3.35 billion merger of Advanced Semiconductor Engineering (ASE) and Silicon Precision Industries (SPIL)
Financial advisors:
SPIL: JPMorgan
ASE: Citi, Credit Suisse, KGI Securities
Legal advisors:
SPIL: Jones Day, Simpson Thacher & Bartlett
ASE: Baker McKenzie, Davis Polk & Wardwell
BEST THAILAND DEAL
Thai Future Fund's Bt44.7 billion ($1.372 billion) IPO
Domestic joint bookrunners: Finansa Securities, Krung Thai Bank, Phatra Securities
International joint bookrunners: Bank of America Merrill Lynch, JP Morgan
Legal advisors:
Issuer: Baker McKenzie
Managers: Linklaters
Asset owner: Weerawong C&P, Latham & Watkins
BEST VIETNAM DEAL
Vinhomes VND30.8 trillion ($1.349 billion) Initial Equity Offering
Joint global co-ordinators: Citi, Credit Suisse, Deutsche Bank, Morgan Stanley
Joint bookrunners: HSBC, Maybank Kim Eng Securities, Saigon Securities
Legal advisors: Latham & Watkins, Allen & Overy, VILAF
This article has been amended with updated information
