Infrastructure bonds will boost India's underdeveloped debt capital markets in 2013, and corporate offerings are set to follow. The success of India's equity capital markets has masked the lack of interest and liquidity in the bond market. But with equities recently slowing, attention will turn to debt.
The Hong Kong Securities and Futures Commission's (SFC) sponsor regulations lack teeth without an independent audit regulator, according to Public Company Accounting Oversight Board (PCAOB) standing advisory group member and Peking University professor Paul Gillis.
At $20 billion, the Ichthys LNG project is the biggest financing arranged in the international markets. The deal also signals a fundamental shift in project finance, with deal counsel expecting more complex deals ahead
