The Asset Triple A Country Awards 2015

The Asset Triple A
Country Awards 2015

Australia & South Asia

Australia

Best Houses

Best Deals

Best corporate and institutional bank - Global

A one-stop shop for Australian institutional clients with a solid footing in both the capital markets and M&A space

Best equity house

Reliable bookrunner that was on the largest placement and IPO executed in Australia in 2015

Best bond house - Global

An experienced house that was able to take several Australian corporates to the offshore global debt market during the review period

Best loan house

Was able to showcase innovative structuring solutions that led to strong demand and oversubscription from domestic and international lenders

Best M&A house

Involved in a number of deals both domestic/cross-border and advised on two of Australia’s largest four transactions in the last 12 months

Best brokerage house

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Reclaims its place as a strong brokerage service provider in Australia with range of liquidity options for its clients. Has a beneficial partnership with Bell Potter an Australian retail distributor

Deal of the year:

Medibank Private A$5.68 billion IPO

This landmark privatization IPO on behalf of the Australian government represents the largest Australian IPO in 17 years and the second largest Australian IPO ever behind Telstra 1 A$14 billion IPO in November 1997

Deutsche Bank, Goldman Sachs, Macquarie Capital

Deal of the year - highly commended:

MYOB Group A$833 million IPO

The transaction involved a complex capital structure reorganization, including renegotiation of vendor PIK (payment in kind) note and new IPO debt facility

Bank of America Merrill Lynch, Citi, Goldman Sachs, UBS

Reunion Capital Partners

Best cross-border M&A:

Woodside US$2.75 billion acquisition of Apache's oil and LNG assets

Sale of part of Apache’s Australian and Canadian assets in preparation for the company’s upcoming capital call

Citi, Goldman Sachs

Best bank bond:

Macquarie Bank US$750 million Basel III-compliant tier 2 bonds

Macquarie Bank’s first US dollar sub-debt deal since 2011 achieved a positive T2 major premium of 40bps

Citi, HSBC, J.P. Morgan, Macquarie Capital

Best corporate bond:

APT Pipelines €1.35 billion and £600 million senior unsecured notes

The deal created additional flexibility in the financing structure through tranching debt into fixed instrument. It also improved APA Group’s operating flexibility and diversified its sources of funding

BNP Paribas, HSBC, National Australia Bank, Royal Bank of Scotland

Best local currency bond:

ANZ CNH2.5 billion Basel III-compliant subordinated capital securities

The first ever Basel III-compliant tier 2 bank capital bonds from a non-Chinese issuer in the offshore renminbi market

ANZ, HSBC

ANZ, Bank of Communications, CCB International, HSBC, ICBC (Singapore), Standard Chartered

Best acquisition financing:

TPG Telecom A$1.96 billion acquisition financing

This transaction has defined the market in 2015 as the largest syndicated loan facility in Australia

ANZ

National Australia Bank, Westpac Banking Corporation

Bank of China, Bank of Tokyo-Mitsubishi UFJ, Commonwealth Bank of Australia, HSBC, ING, Oversea-Chinese Banking Corporation, Sumitomo Mitsui Banking Corporation, United Overseas Bank

Credit Industriel et Commercial, GE

Best corporate debt restructuring:

Boart Longyear US$352 million recapitalization by Centerbridge Partners

The recapitalization cut Boart Longyear’s net debt by about US$120 million and increased pro-forma cash liquidity to about US$240 million

Moelis & Company

India

Best Houses

Best Deals

Best bank - Global

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A broad banking franchise in India offering a complete range of services for its clients from consumers to corporates

Best corporate and institutional bank - Global

Consistently involved in market-defining deals in India servicing Indian corporate giants such as Tata and Reliance

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Best corporate and institutional bank - Domestic

Leadership and expertise in both M&A and capital markets

Best equity house

Fundamentally strong player in the QIP space executing a number of landmark deals during the review period

Best bond house - Global

Provides the widest range of debt financing options for clients across G3 and local currency bonds. The number 1 foreign bookrunner for INR Bonds during the award period

Best loan house

Was able to provide game changing complex financing for Indian companies including Air India and Genpact

Best M&A house

Key partner in several Indian deals with four of them exceeding US$1 billion in transaction value

Deal of the year:

Tata Motors US$1.2 billion rights offering

First rights offering ever by an Indian corporate to ADR holders in the US

Citi, Bank of America Merrill Lynch, Credit Suisse, HSBC, JP Morgan

ICICI Securities, Kotak Mahindra Capital, SBI Capital Markets

HDFC Bank

Best M&A deal:

Merger of ING Vysya Bank with Kotak Mahindra Bank

Significant deal that led to the formation of the fourth largest private sector bank in India in terms of market capitalization

ING Groep, Bank of America Merrill Lynch, ING Vysya Bank

Best QIP deal:

Indiabulls Housing Finance US$600 million QIP

The deal was launched and closed successfully during the backdrop of extremely volatile and uncertain global market environment with the Indian markets also correcting

Bank of America Merrill Lynch, CLSA/CITIC Securities, SBI Capital Markets

Axis Capital

Best corporate bond:

Reliance Industries US$750 million 30-year senior notes

Lowest coupon ever achieved by an Asian private corporate issuer for a 30-year issuance with a sub-5% coupon despite rate volatility

Bank of America Merrill Lynch, Barclays, Citi, HSBC

Best high yield bond:

Delhi International Airport US$288.75 million senior unsecured notes

Inaugural US dollar bond offering from Delhi International Airport and GMR Group

Citi and Standard Chartered

Citi, HSBC, JP Morgan, Standard Chartered

Best acquisition financing:

Brookfield Strategic Real Estate Partners US$580 million, including US$220 million acquisition financing

The deal has established Brookfield as one of the largest owners of Grade A commercial real asset portfolio in India

Deutsche Bank, HSBC, Standard Chartered

Pakistan

Best Houses

Best Deals

Best bank - Domestic

The biggest domestic bank in Pakistan looks to grow further since it was fully privatized by the government

Best corporate and institutional bank - Domestic

Was a consistent participant across the board in key Pakistani deals that shaped the economy

Best equity house

A strong team house that saw itself execute transactions in multiple sectors and has played a crucial role in shaping the continuous development of Pakistan’s capital markets

Best bond house - Domestic

Being able to execute both conventional and Islamic fixed-income instruments makes this house a force to be reckoned with in Pakistan

Best loan house

One of the key syndication desks in Pakistan leading the way with innovative term finance facilities

Best M&A house

Top Pakistani M&A adviser that was involved in key deals such as the largest M&A deal in Pakistan in 2014

Best brokerage house

The house has a slew of products ranging from equity brokerage and interbank brokerage services backed by a competent equity research team

✯

Indicates a consecutive winner of this award category.

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