Hybrids heat up as Sino-Ocean, CRP and ICTSI join the crowd

DCM bankers have long been bullish about corporate hybrids in Asia, but for much of the year they have also been sceptical about how many deals were possible. Not anymore. Three companies made plans to sell hybrids this week and bankers that once considered hybrids open to only the top tier of Asian companies are now winning mandates on issues for a variety of credits.