Mizuho

For the past 13 years Asiamoney has revealed the top domestic banks, equity houses and debt houses in the region's largest financial markets. For our 25th anniversary edition we have amalgamated these winners to reveal which institutions in Asia have best stood the test of time. Richard Morrow reports.

Lenovo's lack of a rating is not putting investors off the new five year bond that it kicked off on Tuesday, although bankers reckon that the issuer will have to pay up a little. By late afternoon in Hong Kong, the Chinese computer giant had already amassed $2bn of orders for its five year bond, which is due to price overnight.

San Miguel Corporation’s Global Power Holdings opened books on a new hybrid bond on Tuesday morning, with guidance on the perpetual non call 5.5 bond set at 7.625% area. Bankers have indicated that the borrower is looking to do a benchmark size transaction.

India’s Reliance Industries has raised a loan of $550m with a tenor of 12 years, after bringing on board export credit agencies and a group of Japanese banks.

Vista Land & Lifescapes priced the first corporate dollar bond from the Philippines this year after closing a tender offer. Despite continued strong domestic demand for its name, the issuer took the opportunity to distribute its new bond to a more international investor base.

San Miguel Corporation’s Power Holdings looks set to return to the dollar bond market and has mandated banks to arrange a series of investor meetings.

United Asia Finance has managed to increase its loan size to HK$2.436bn ($314m) from the launch size of HK$2.25bn, thanks to an oversubscription after a total of eight banks piled in during general syndication.

Santander’s Chilean arm, the largest bank in the South American country, issued in its fifth currency of the year this week as it became the second borrower — and first from Latin America — to raise money in the Tokyo Pro-Bond market.

India’s Rural Electrification Corp lit up the loan market on Monday by launching its $180m five year fundraising into syndication, pricing it at 170bp over Libor.

Indonesia Eximbank has pushed the go button on its $600m fundraising, launching it into syndication on Tuesday evening, with the leads splitting the loan into two tranches.

HSBC has appointed Olivier de Grivel as co-head of the firm's global financial institutions group, only 18 months after he joined the bank to head FIG in the Asia Pacific region.

Indonesia Eximbank has pushed the go button on its $600m fundraising, launched into syndication on the evening of April 15, with the leads splitting the loan into two tranches.