13 December 2024, Hong Kong: Although markets were extremely challenging this year, the average number of key deals submitted per bank remains marginally higher than usual. More banks participated than ever before.
Following an intensive 10-day review, please refer to the awards announcement for the 18th Annual Best Deal & Solution Awards 2024.
The awards outcome this year is especially momentous, considering the challenging operating environment for corporate, commercial and investment banks.
Many congratulations on the award(s).
IMPORTANT:
- The early-bird rate expires at 6pm on 27 December 2024.
- All corrections, if any – including the bank’s name and exact role in a given transaction should be submitted before 20 December 2024, since plaques will go into production following Monday, 23 December. Any changes requested after 20 December will incur a non-negotiable fee, charge at cost, paid for by the bank.
- The media embargo on announcing the wins is lifted once your bank has purchased the logo licensing package (covering the use of our company name, awards logo & awards categories). Please email awards@whatinvestorswant.com for details.
BONDS/LOANS
BEST LOCAL CURRENCY BOND DEAL OF THE YEAR IN SINGAPORE 2024
iFAST Corporation’s SGD100 million (US$74.3 million) Bond
Sole Lead Manager and Bookrunner: OCBC Bank
BEST SUBORDINATED PERPETUAL BOND 2024
UBS Group AG’s SGD650 million Subordinated Perpetual AT1 Bond
Joint Lead Managers and Bookrunners: United Overseas Bank Limited, DBS Bank Limited., Overseas-Chinese Banking Corp Limited, Standard Chartered Bank PLC
BEST SYNDICATED LOAN DEAL OF THE YEAR 2024
New NAIA Infrastructure Corporation’s PHP80 billion Project X-Wing Syndicated Term Loan Facility
Issue Managers, Arrangers, and Bookrunners: BDO Capital & Investment Corporation, Bank of Commerce
Arrangers: Asia United Bank Corporation, China Bank Capital Corporation, SB Capital Investment Corporation
Senior Term Lenders: Asia United Bank Corporation, BDO Unibank, Inc, Bank of Commerce, China Banking Corporation, Development Bank of the Philippines, Security Bank Corporation
BEST LOCAL CURRENCY BOND DEAL OF THE YEAR IN THAILAND 2024
Gulf Energy Development PCL’s THB25,000 million (US$729 million equiv.) Bond
Joint Lead Arrangers: Bangkok Bank PCL, Bank of Ayudhya PCL, KASIKORNBANK PCL, Krungthai Bank PCL, Kiatnakin Phatra Securities PCL, Maybank Securities (Thailand) PCL, United Overseas Bank (Thai) PCL
BEST LOCAL CURRENCY BOND DEAL OF THE YEAR IN MALAYSIA 2024
GENM Capital’s RM1,300 million MTN Issuance
Joint Lead Managers: AmInvestment Bank, Hong Leong Investment Bank
BEST PERPETUAL BOND 2024
PTT Global Chemical PCL’s THB17,000 million (US$507 million equiv.) Subordinated Perpetual Bond
Joint Lead Arrangers: Asia Plus Securities, Bank of Ayodhya PCL, Bangkok Bank PCL, CIMB Thai PCL, KASIKORNBANK PCL, Kiatnakin Phatra Securities PCL, Krungthai Bank PCL, Maybank Securities (Thailand), Siam Commercial Bank, TMBThanachart Bank PCL, XSpring Securities, Yuanta Securities (Thailand), Financial Adviser: CGS Securities International (Thailand)
SUKUKS
BEST SDG BOND IN S.E.A & MOST INNOVATIVE ISLAMIC FINANCE DEAL OF THE YEAR 2024
PT Sarana Multigriya Finansial (Persero)’s IDR1.143 trillion (US$72.1 million) Bonds and IDR1.5 trillion (US$94.6 million) Social Bond
Lead Underwriters: PT Bahana Sekuritas, PT BRI Danareksa Sekuritas, PT CIMB Niaga Sekuritas, PT DBS Vickers Sekuritas Indonesia, PT Mandiri Sekuritas, PT Trimegah Sekuritas Indonesia, PT UOB Kay Hian Sekuritas
BEST UNRATED SUKUK & BEST CORPORATE SUKUK 2024
Pantai Holdings Sdn Bhd’s RM1 billion ICP and RM3 billion IMTN Unrated Sukuk Wakalah
Principal Adviser, Lead Arranger: OCBC Al-Amin Bank
Lead Managers: CIMB Investment Bank, HSBC Amanah Malaysia, Maybank IBG, OCBC Al-Amin Bank, RHB Investment Bank, United Overseas Bank (Malaysia)
BEST ASEAN GREEN SRI SUKUK IN SOUTHEAST ASIA
Exsim Capital Resources Sdn Bhd’s RM310 million for Sukuk Musharakah and RM76 million for Sukuk Murabahah (Tranche 6)
Principal Adviser, Lead Arranger and Lead Manager: United Overseas Bank (Malaysia);
Financial Adviser: NewParadigm Securities
BEST MUDARABAH SUKUK IN SOUTHEAST ASIA 2024
PT Bank Syariah Indonesia’s IDR3 trillion (US$189.20 million) Sukuk Mudharaba
Joint Underwriters: PT BNI Sekuritas, PT BRI Danareksa Sekuritas, PT Mandiri Sekuritas, PT Maybank Sekuritas, PT Mega Capital Sekuritas, PT Trimegah Sekuritas
BEST ISLAMIC FINANCE DEAL IN SOUTHEAST ASIA & BEST GREEN SUKUK 2024
Malaysia Rail Link Sdn Bhd’s RM1.5 Billion SDG Sukuk
Joint Lead Arrangers: AmInvestment Bank, Bank of China (Malaysia), China Construction Bank (Malaysia), CIMB Investment Bank, Maybank IBG, RHB Investment Bank, United Overseas Bank (Malaysia); Joint Lead Managers and Bookrunners: AmInvestment Bank, Bank of China (Malaysia), China Construction Bank (Malaysia), CIMB Investment Bank, Kenanga Investment Bank, Maybank IBG, OCBC Al-Amin Bank, RHB Investment Bank, United Overseas Bank (Malaysia)
Joint Shariah Advisers: CIMB Islamic, Maybank Islamic, RHB Islamic;
Sustainability Structuring Adviser: Maybank IBG
BEST WAKALAH SUKUK IN S.E.A & BEST SUKUK DEAL OF THE YEAR 2024
AEON Credit Service (M) Berhad’s RM5 billion Sukuk Wakalah & Murabahah Series V, VI & VII
Joint Principal Advisers, Joint Lead Arrangers, Joint Lead Managers: CIMB Investment Bank, Hong Leong Investment Bank
Facility Agent: Hong Leong Investment Bank
BEST SRI SUKUK IN SOUTHEAST ASIA
Pelaburan Hartanah Sdn Bhd’s RM1.5 Billion Islamic MTN Sukuk Murabahah
Joint Lead Principal Adviser & Lead Arranger: Affin Hwang Investment Bank
Joint Lead Managers: Affin Hwang Investment Bank, AmInvestment Bank, Bank Islam Malaysia, Bank Muamalat Malaysia
BEST CORPORATE SUKUK IN SOUTHEAST ASIA
SEP Resources (M) Sdn Bhd’s RM185.0 million ASEAN Sustainability SRI Sukuk Wakalah
Joint Principal Advisers, Joint Lead Arrangers, Joint Lead Managers: MIDF Amanah Investment Bank, Public Investment Bank
ISLAMIC FINANCE
BEST ESG GREEN FINANCING IN SOUTHEAST ASIA 2024
Advanced Info Service’s THB25,000 million (US$744 million) Sustainability Bonds
Joint Bookrunners & Joint Lead Arrangers: Bank of Ayudhya PCL, Bangkok Bank PCL, KASIKORNBANK Plc., Krungthai Bank PCL, Siam Commercial Bank PCL, Kiatnakin Phatra Securities PCL, United Overseas Bank (Thai) PCL
MOST INNOVATIVE DEAL IN SOUTHEAST ASIA 2024
ACEN’s PHP11 billion (US$196.3 million) Sustainability-Linked Loan
Lenders: Asian Development Bank, Bank of the Philippine Islands
BEST GREEN PERPETUAL BOND IN SOUTHEAST ASIA 2024
PT Indonesia Infrastructure Finance’s IDR335.2 billion Green Perpetual Note
Joint Underwriters: PT BNI Sekuritas, PT BRI Danareksa Sekuritas, PT Indo Premier Sekuritas, PT Mandiri Sekuritas
BEST SUSTAINABILITY-LINKED TRANSACTION & BEST LOCAL CURRENCY BOND DEAL OF THE YEAR IN SOUTHEAST ASIA 2024
- Ayala Land, Inc.’s PHP6 billion (US$102.95 million) Tranche I Sustainability-Linked Bonds
Joint Lead Underwriters and Bookrunners: BDO Capital & Investment Corporation, BPI Capital Corporation, China Bank Capital Corporation, Land Bank of the Philippines, RCBC Capital Corporation, SB Capital Investment Corporation
- Ayala Land, Inc.’s PHP8 billion (US$136.35 million) Tranche II Sustainability-Linked Bonds
Joint Lead Underwriters and Bookrunners: BDO Capital & Investment Corporation, BPI Capital Corporation, China Bank Capital Corporation, East West Banking Corporation, First Metro Investment Corporation, Land Bank of the Philippines, RCBC Capital Corporation, SB Capital Investment Corporation
BEST SUSTAINABILITY-LINKED TRANSACTION 2024
PT Steel Pipe Industry of Indonesia’s IDR1,000 billion Sustainability-Linked Bond
Joint Underwriters: PT BCA Sekuritas, PT Indo Premier Sekuritas, PT KISI Sekuritas Indonesia, PT Sucor Sekuritas
Guarantor: Credit Guarantee & Investment Facility (CGIF)
BEST BLUE BOND IN SOUTHEAST ASIA & MOST INNOVATIVE DEAL OF THE YEAR 2024
Maynilad Water Services, Inc.’s PHP15 billion (US$205.4 million) 5- and 10-year Blue Bonds
Sole Issue Manager: BPI Capital Corp
Joint Lead Underwriters & Bookrunners: BDO Capital & Investment Corporation, BPI Capital Corporation, East West Banking Corporation, First Metro Investment Corporation
EQUITY
BEST EQUITY/IPO DEAL OF THE YEAR IN SOUTHEAST ASIA & BEST IPO FOR RETAIL INVESTORS IN SOUTHEAST ASIA 2024
99 Speed Mart Retail Holdings’ RM2.4 billion (US$543.6 million) IPO
Principal Adviser, Sole Bookrunner, Sole Managing Underwriter and Joint Underwriter: CIMB Investment Bank
Joint Underwriter: Affin Hwang Investment Bank, RHB Investment Bank
BEST IPO/EQUITY DEAL OF THE YEAR IN INDONESIA 2024
PT Adaro Andalan’s IDR4.59 trillion (US$290.9 million) IPO
Lead Underwriter: Trimegah Sekuritas
BEST IPO/EQUITY DEAL OF THE YEAR IN THAILAND 2024
Petch Srivichai Enterprise’s THB6.27 billion (US$ 185.39 million) IPO
Joint Underwriters: Maybank Securities (Thailand) PCL, Yuanta Securities (Thailand) Co., Ltd
BEST EQUITY DEAL OF THE YEAR IN SOUTHEAST ASIA & BEST EQUITY/IPO IN MALAYSIA 2024
Johor Plantations Group’s RM735 million IPO
Principal Adviser, Joint Global Coordinator, Joint Bookrunner, Managing Underwriter and Joint Underwriter: RHB Investment Bank
Joint Global Coordinators, Joint Bookrunners and Joint Underwriters: AmInvestment Bank, CIMB Investment Bank
Joint Global Coordinator & Joint Bookrunner: CLSA Singapore
Joint Bookrunner and Joint Underwriter: Affin Hwang Investment Bank
BEST SECONDARY DEAL OF THE YEAR IN SOUTHEAST ASIA 2024
PT Siloam International Hospitals Tbk’s IDR16.68 trillion (US$1.05 billion) Voluntary Tender Offer
Sole Arranger: PT BNI Sekuritas
BEST MID-CAP EQUITY DEAL OF THE YEAR 2024
Citicore Renewable Energy Corporation’s PHP5.3 Billion IPO
Domestic Lead Manager: BDO Capital & Investment Corporation
Bookrunner, Sole Global Coordinator, and Joint Bookrunner: UBS AG, Singapore
BEST SMALL-CAP EQUITY DEAL OF THE YEAR IN INDONESIA 2024
PT Ancara Logistics Indonesia IDR861 Billion (US$55.1 Million) IPO
Joint Lead Underwriters: PT Ciptadana Sekuritas Asia, PT Samuel Sekuritas Indonesia
BEST SMALL-CAP EQUITY DEAL OF THE YEAR IN MALAYSIA 2024
MKH Oil Palm Sdn Bhd’s RM136 million (US$30 million) IPO
Adviser, Managing Underwriter, Joint Underwriter and Joint Placement Agent: M&A Securities
Joint Underwriter and Joint Placement Agent: Kenanga Investment Bank;
Joint Placement Agent: AmInvestment Bank
M&A
BEST DOMESTIC M&A DEAL OF THE YEAR & BEST DEAL OF THE YEAR FOR MINORITY SHAREHOLDERS IN SOUTHEAST ASIA 2024
RM5,841.5 million Takeover of UMW Holdings shares by Sime Darby Enterprise and Sime Darby & RM3.574 billion Acquisition by Sime Darby Enterprise (approximately 61.18%) equity interest in UMW Holdings
Principal Adviser to UMW for the unconditional mandatory take-over offer on UMW by SDESB and Sime Darby: Maybank IBG
Principal Adviser to Sime Darby: CIMB Investment Bank
Independent Adviser to Sime Darby: AmInvestment Bank
BEST CROSS BORDER M&A DEAL OF THE YEAR 2024
IDR15.75 trillion (US$993.31 million) Sellside M&A of 35% Stake in PT Jasamarga Transjawa Toll
Sell-side Advisers: PT BNI Sekuritas, JPMorgan
Buyside Advisers: PT BCA Sekuritas, HSBC Holdings Plc.
BEST DOMESTIC M&A DEAL OF THE YEAR 2024
MIND ID, PT Vale Indonesia Tbk., Vale Canada Ltd. and Sumitomo Metal Mining IDR 5.2 trillion (US$ 325 million) M&A Transaction
Co-Lead Buyside Advisers: Mandiri Sekuritas, BNP Paribas
Sell-side Adviser: HSBC Sekuritas Indonesia
BEST DOMESTIC M&A DEAL OF THE YEAR 2024
THB26,154 million (US$705 million) Bangchak Corporation PCL’s acquisition of 65.99% shares in Esso (Thailand) PCL
Co-Financial Adviser to Bangchak Corporation PCL: Kianatkin Phatra Securities, JPMorgan
TRANSACTION BANKING
BEST DIGITAL BANKING PLATFORM IN INDONESIA 2024
Bank Mandiri
BEST ISLAMIC CUSTODY BANK 2024
Bank Syariah Indonesia
BEST CROSS BORDER PAYMENTS SOLUTION IN INDONESIA 2024
BNI Remittances
BEST CROSS BORDER PAYMENTS SOLUTION IN THAILAND 2024
Kasikornbank’s Cross-Border Payment with StraitsX
BEST PAYABLES, RECIEVABLES, API & LIQUIDITY MANAGEMENT SOLUTION IN MALAYSIA 2024
UOB Malaysia’s integrated solution for GH Computer Technology
BEST CASH MANAGEMENT SOLUTION IN THAILAND 2024
Bangkok Bank’s SME All-in-One Package
BEST ONLINE FINANCIAL SUPPLY CHAIN PLATFORM 2024
DBS Supply Chain Finance
BEST ONLINE TRADE FACILITATION SOLUTION IN INDONESIA 2024
BNIdirect Trade & BNI Trade Online
BEST ONLINE TRADE FACILITATION SOLUTION IN THAILAND
Kasikornbank’s K Connect-Intertrade (KCIT) or KBIZ – One-stop Banking Solution for SMEs
BEST INTERNATIONAL BANKING NETWORK 2024
Bank Mandiri’s International Banking Network
MARQUEE AWARDS
BEST CENTRAL SECURITIES DEPOSITORY IN SOUTHEAST ASIA 2024
PT Kustodian Sentral Efek Indonesia (KSEI)
BEST M&A HOUSE IN SOUTHEAST ASIA 2024
AmInvestment Bank
BEST BOND HOUSE IN MALAYSIA 2024
Maybank IBG
BEST EQUITY HOUSE IN SOUTHEAST ASIA 2024
CIMB Investment Bank
BEST BANK FOR BLOCKCHAIN, DLT & CBDCs OFFERINGS 2024
Unita Capital, a digital asset ecosystem investor in exchanges, custodial services, investments, and blockchain technology in parallel to traditional finance services by Kbank
BEST SUSTAINABLE FINANCE HOUSE 2024
DBS Bank
BEST BOND HOUSE IN SOUTHEAST ASIA 2024
United Overseas Bank Limited
BEST RINGGIT SUKUK HOUSE IN MALAYSIA 2024
CIMB Investment Bank
BEST BLOCKCHAIN-BASED BOND DEAL OF THE YEAR 2024
KBank, Orbix Tech, and PTT jointly launch Thailand’s first Q-Bond, leveraging blockchain technology
BEST BOND DEAL FOR RETAIL INVESTORS IN SOUTHEAST ASIA 2024
CPALL’s THB15,000 million (US$446.43 million) Multi-tranche Bond
Joint Bookrunners & Joint Lead Arrangers: Krungthai Bank PCL
Joint Lead Arrangers: Bangkok Bank PCL, Kasikornbank PCL, Siam Commercial Bank PCL, Krungthai Bank PCL, CIMB Thai Bank PCL, UOB Bank PCL, Bank of Ayudhya PCL, Thanachart Bank PCL, Kiantnakin Phata Securities PCL
BEST DIGITAL BROKER IN VIETNAM 2024
MB Securities Vietnam
BORROWER/ISSUER AWARDS
The following 29 issuers/borrowers will also receive special plaques for the deals undertaken. Since a given deal involves multiple banks, we leave it up to banks to invite their client(s) to the event.
MALAYSIA:
- GENM Capital Sdn Bhd for its’ RM1,300 million MTN Issuance
BEST LOCAL CURRENCY BOND DEAL OF THE YEAR IN MALAYSIA 2024
- Pantai Holdings Sdn Bhd for its’RM1 billion ICP and RM3 billion IMTN Unrated Sukuk Wakalah
BEST UNRATED SUKUK & BEST CORPORATE SUKUK 2024
- Exsim Capital Resources Sdn Bhd for its’ RM310 million for Sukuk Musharakah and RM76 million for Sukuk Murabahah (Tranche 6)
BEST ASEAN GREEN SRI SUKUK IN SOUTHEAST ASIA
- Malaysia Rail Link Sdn Bhd for its’ RM1.5 Billion SDG Sukuk
BEST ISLAMIC FINANCE DEAL IN SOUTHEAST ASIA & BEST GREEN SUKUK 2024
- AEON Credit Service (M) Berhad for its’ RM5 billion Sukuk Wakalah & Murabahah Programme: Series V, VI & VII
BEST WAKALAH SUKUK IN SOUTHEAST ASIA & BEST SUKUK DEAL OF THE YEAR 2024
- Pelaburan Hartanah Sdn Bhd for its’ RM1.5 Billion Islamic MTN Sukuk Murabahah
BEST SRI SUKUK IN SOUTHEAST ASIA
- 99 Speed Mart Retail Holdings for its’ RM2.4 billion (US$543.6 million) IPO
BEST EQUITY/IPO DEAL OF THE YEAR IN SOUTHEASTASIA & BEST IPO FOR RETAIL INVESTORS IN SOUTHEAST ASIA 2024
- Johor Plantations Group for its’ RM735 million IPO
BEST EQUITY DEAL OF THE YEAR IN SOUTHEAST ASIA & BEST EQUITY/IPO IN MALAYSIA 2024
- MKH Oil Palm Sdn Bhd for its’ RM136 million (US$30 million) IPO
BEST SMALL-CAP EQUITY DEAL OF THE YEAR IN MALAYSIA 2024
- SEP Resources (M) Sdn Bhd’s RM185.0 million ASEAN Sustainability SRI Sukuk Wakalah
BEST CORPORATE SUKUK 2024
THAILAND:
- Gulf Energy Development PCL
BEST BORROWER IN SOUTHEAST ASIA 2024
- Gulf Energy Development PCL for its THB25,000 million (US$729 million equiv.) Bond
BEST LOCAL CURRENCY BOND DEAL OF THE YEAR IN THAILAND 2024
- CPALL for its’ THB15,000 million (US$446.43 million) Multi-tranche Bond
BEST BOND DEAL FOR RETAIL INVESTORS IN SOUTHEAST ASIA 2024
- PTT Global Chemical PCL for its THB17,000 million (US$507 million equiv.) Subordinated Perpetual Bond
BEST PERPETUAL BOND 2024
- Petch Srivichai Enterprise for its’ THB6.27 billion (US$ 185.39 million) IPO
BEST IPO/EQUITY DEAL OF THE YEAR IN THAILAND 2024
- Advanced Info Service for its’ THB25,000 million (US$744 million) Sustainability Bonds
BEST ESG GREEN FINANCING IN SOUTHEAST ASIA 2024
PHILIPPINES:
- Ayala Land, Inc. for its’ PHP6 billion (US$102.95 million) Tranche I Sustainability-Linked Bonds & PHP8 billion (US$136.35 million) Tranche II Sustainability-Linked Bonds
BEST SUSTAINABILITY-LINKED TRANSACTION & BEST LOCAL CURRENCY BOND DEAL OF THE YEAR IN SOUTHEAST ASIA 2024
- New NAIA Infrastructure Corporation for its’ PHP80 billion Project X-Wing Syndicated Term Loan Facility
BEST SYNDICATED LOAN DEAL OF THE YEAR 2024
- ACEN for its’ PHP11 billion (US$196.3 million) Sustainability-Linked Loan
MOST INNOVATIVE DEAL IN SOUTHEAST ASIA 2024
- Maynilad Water Services, Inc., for its’ PHP15 billion (US$205.4 million) 5- and 10-year Blue Bonds
BEST BLUE BOND IN SOUTHEAST ASIA & MOST INNOVATIVE DEAL OF THE YEAR 2024
- Citicore Renewable Energy Corporation for its’ PHP5.3 Billion IPO
BEST MID-CAP EQUITY DEAL OF THE YEAR 2024
INDONESIA:
- PT Sarana Multigriya Finansial (Persero) for its’ IDR1.143 trillion (US$72.1 million) Bonds and IDR1.5 trillion (US$94.6 million) Social Bond
BEST SDG BOND IN SOUTHEAST ASIA and MOST INNOVATIVE ISLAMIC FINANCE DEAL OF THE YEAR 2024
- PT Bank Syariah Indonesia for its’ IDR3 trillion (US$189.20 million) Sukuk Mudharaba
BEST MUDARABAH SUKUK IN SOUTHEAST ASIA 2024
- PT Indonesia Infrastructure Finance for its’ IDR335.2 billion Green Perpetual Note
BEST GREEN PERPETUAL BOND IN SOUTHEAST ASIA 2024
- PT Steel Pipe Industry of Indonesia for its’ IDR1,000 billion IDR Sustainability-Linked Bond
BEST SUSTAINABILITY-LINKED TRANSACTION 2024
- PT Adaro Andalan for its’ IDR4.59 trillion (US$290.9 million) IPO
BEST IPO/EQUITY DEAL OF THE YEAR IN INDONESIA 2024
- PT Siloam International Hospitals Tbk for its’ IDR16.68 trillion (US$1.05 billion) Voluntary Tender Offer
BEST SECONDARY DEAL OF THE YEAR IN SOUTHEAST ASIA 2024
- PT Ancara Logistics Indonesia for its’ IDR861 Billion (US$55.1 Million) IPO
BEST SMALL-CAP EQUITY DEAL OF THE YEAR IN INDONESIA 2024
SINGAPORE:
- iFAST Corporation for its’ SGD100 million (US$74.3 million) Bond
BEST LOCAL CURRENCY BOND DEAL OF THE YEAR IN SINGAPORE 2024
- UBS Group AG for its’ SGD650 million Subordinated Perpetual AT1 Bond
BEST SUBORDINATED PERPETUAL BOND 2024
-END-
The media embargo on announcing the wins is lifted once your bank has purchased the logo licensing package (covering the use of our company name, awards logo & awards categories) Please email awards@whatinvestorswant.comfor details.