An offering by PTT Exploration and Production (PTTEP) has marked the first hybrid bond issuance by a non-financial institution in Thailand, and a regulatory shift towards a more disclosure-based regime.
Bite-sized deals are needed to kickstart Vietnamese PPPs While public-private partnerships (PPPs) have been popular throughout Southeast Asia, they haven't taken off in Vietnam – despite the country's desperate need for infrastructure. Vietnam's preferred structure for project financings to-date has been the build-operate-transfer (BOT) model, which has been encouraged by local ministries such as the Ministry of Industry and Trade (MOIT). Though the BOT framework has existed for over 10 years, few projects have reached the financing stage. Mong Duong II closed in 2011, representing the first BOT to close in Vietnam since 2004.
Investigations into South Korea’s CD rate-setting prompted the country’s FSC to introduce the Cofix benchmark for short-term lending rates. But there are issues with Cofix setting too
Sahabank and Habubank’s merger is part of the State Bank of Vietnam’s plan to reform the country’s troubled banking sector. And it could spark copycat deals
As Dutch bank ABN AMRO opened its escrow and settlement services in Hong Kong this month, Asia lawyers outline why the escrow business is growing in Asia
The Development Bank of Kazakhstan’s sukuk offering is the first such issuance out of the former Soviet Union. But compliance with local laws proved considerable challenging for deal counsel.
PTTEP's hybrid bonds issuance is the first such offering by a Thai non-financial institution. Deal counsel expect it to prompt more complex debt capital markets transactions in Thailand. Here's why
Public-private partnerships (PPPs) have been popular throughout Southeast Asia, but they haven’t yet taken off in Vietnam despite a desperate need for infrastructure. Here’s why
Indian lawyers eagerly await the passage of India’s Companies Bill 2011 to replace the outdated Companies Act 1956. But they are concerned by the new law’s corporate-social responsibility (CSR) requirement and layering restrictions
China’s National Association of Financial Market Institutional Investors (NAFMII) has released draft rules for a securitisation instrument for non-financial issuers. Here’s why this could signal the reopening of China’s securitisation market
The UK’s FSA today revealed it is considering scrapping Libor. Lawyers in Tokyo and Singapore expect Tibor and Sibor amendments to follow those made in the UK and US
China Nonferrous Mining Corporation’s IPO and subsequent listing marked the first Africa-based company to list on the Hong Kong Stock Exchange. Practitioners believe it could spark a wave of copycats. Here’s why
