The Asset
Country Awards 2017

Best Deals - South Asia

Bangladesh Flag
Best syndicated loan
KSRM Billet Industries 6 billion taka fixed rate loan
Mandated Lead Arranger:
Standard Chartered
The first fixed rate syndicated loan in local currency in Bangladesh. Yield was the lowest ever achieved by any borrower in terms of fixed rate.
India Flag
Best IPO
Avenue Supermarts 18.7 billion rupee IPO
Sole global coordinator and bookrunning lead manager:
Kotak Investment Banking
Bookrunning lead managers:
Axis Capital, Edelweiss, HDFC Bank, ICICI Securities, INGA, JM Financial, Motilal Oswal, SBI Capital Markets
Largest IPO in the Indian retail/consumer sector
Best QIP
State Bank of India's US$2.3 billion QIP
Joint bookrunning lead managers:
Bank of America Merrill Lynch, Deutsche Bank, IIFL Holdings, Kotak Investment Banking, JM Financial, SBI Capital Markets
Largest QIP out of India to date that was priced at a zero percent discount
Best M&A
LafargeHolcim's US$1.4 billion sale stake in Lafarge India to Nirma
Financial advisers:
Arpwood Capital, Citi, Barclays, Credit Suisse, IDFC Limited
The transaction is transformational for Nirma as it catapults them into a leading cement player in India
Best private equity deal
SoftBank's Vision Fund US$2.5 billion investment in Flipkart
Financial advisers:
Citi, Goldman Sachs
The investment is the largest ever private investment in an Indian technology company
Best quasi-sovereign bond
NTPC €500 million Senior Unsecured notes due 2027
Joint bookrunners and lead managers:
Axis Bank, Barclays, Citi, MUFG, SBI Capital Markets, Standard Chartered
Inaugural euro bond offering by NTPC and first 10-year euro by issuance by an Asian utility issuer
Best corporate bond
Marble II (Mphasis) US$500 million senior notes
Joint global coordinators:
Deutsche Bank, Standard Chartered
Joint bookrunners and lead managers:
Barclays, Citi, Credit Agricole CIB, Credit Suisse, Deutsche Bank, HSBC, ING, J.P. Morgan, Standard Chartered, UBS
Largest private equity sponsored back bond out of India. Achieving the largest spread compression of 45 bps from the initial price guidance to final pricing among all US dollar transactions in June 2017
Best FIG bond
Canara Bank US$400 million senior unsecured notes
Joint bookrunners:
Axis Bank, Bank of America Merrill Lynch, Barclays, Citi Credit Agricole CIB, HSBC, J.P. Morgan, Standard Chartered
Tightest US dollar bond coupon for the bank after being absent for 4 years
Best green bond
Neerg Energy’s US$475 million green bond
Joint global coodindators and bookrunners:
Bank of America Merrill Lynch, Goldman Sachs, HSBC, J.P.Morgan, UBS
The deal garnered robust investor demand and achieved a price compression of 37.5 bps from initial price guidance to final pricing
Best masala bond
National Highways Authority of India 30 billion rupees senior unsecured masala bonds
Joint bookrunners and lead managers:
Axis Bank, Nomura, SBI Capital Markets, Standard Chartered
This is National Highways Authority of India inaugural international debt offering and the largest Masala bond transaction by any Indian public sector entity.
Best high-yield bond/Best liability management
Vedanta Resources any-and-all tender offer with US$1 billion new issue
Joint dealer managers/joint global coordinators, bookrunners and lead managers:
Barclays, Citi, J.P. Morgan, Standard Chartered
First tender offer by an Indian issuer in accordance with amended guidelines permitting shortened offer periods and first G3 high yield bond transaction from India in 2017.
Best new bond
HPCL – Mittal Energy US$375 million senior unsecured notes
Joint bookrunners:
Citi, DBS, MUFG, Standard Chartered, SBI Capital Markets
Inaugural bond offering by the company that saw significant tightening of 32.5bps.
Best syndicated loan
US$394.3 million financing facility for Mu Sigma
Joint mandated lead arrangers, underwriters and bookrunners:
Barclays, Credit Suisse, Deutsche Bank, Standard Chartered
Debut issuance of the company in the syndicated loan market
Best securitization
Panchshil Corporate Park Private Limited 3.75 billion rupees secured undated unlisted non-convertible debentures
Sole arranger:
Standard Chartered
Deal helped reduce the borrowing cost of issuer and provided construction financing for additional projects.
Bangladesh Flag
Best bond
The Republic of Maldives US$200 million bond
Sole global coordinator, lead manager and bookrunner:
BOCOM International
Inaugural US dollar deal for the sovereign.
Pakistan Flag
Best equity
Pakistan Stock Exchange 4.488 billion Pakistani rupee IPO
Lead consultant :
Arif Habib
Joint consultants:
AKD Securities, BMA Capital Management, Elixir Securities, Intermarket Securities, JS Global Capital, Topline Securities
MCB Bank
First equity transaction done following the announcement of Pakistani public offering regulations.
Best M&A
US$250 million acquisition of Dawlance Pvt. Limited by Arçelik
Financial Adviser:
Habib Bank
Transaction is seen as a catalyst for further foreign direct investments into the country.
Best corporate loan
Pakistan Water and Power Development Authority US$350 million term loan
Sole mandated lead arranger and lender :
Credit Suisse
The first corporate loan in Pakistan with partial guarantee from International Development Association of the World Bank and the Pakistan Ministry of Finance.
Sri Lanka
Sri Lanka Flag
Best bond
Democratic Socialist Republic of Sri Lanka US$1.5 billion fixed rate notes
Joint bookrunners and lead managers:
Citi, CITIC CLSA Securities, Deutsche Bank, HSBC, ICBC International, J.P. Morgan, Standard Chartered
Largest single tranche offering by the Republic of Sri Lanka.
Best structured finance
SriLankan Airlines US$125 million structured syndicated financing facility
Sole mandated lead arranger and bookrunner:
Credit Suisse
Financing was done without sovereign guarantee and without any letter of comfort.
More information & previous award results
Read the full article on
Read more
More information & how to attend the awards dinner
Contact us