ISSUER OF THE YEAR 2001- Singtel - pick of the City State's year

Just as Singapore dominates our deals of the year, our issuer of the year category came down to a choice between two Singaporean and one Hong Kong company. SingTel takes the title from DBS and Hutch not for the range of its activity but for its transformation from a name suffering from its government connections, to the region's benchmark borrower. By Chris Wright.