Leading the field in Asia
Asia 100 1997: Waiting for the impact
Asian 100
Japanese Top 50
ASEAN 25
Australasia top 25
Indian Sub-Continent Top 25
North Asia 25
Methodology and Definitions
After a slow year for Asian Eurobonds, new issuance all but dried up following the Hong Kong stock-market crash in late October. With spreads for Asian benchmark issues widening dramatically, it was clear that confidence in Asian debt had suffered a dramatic decline. Only the most desperate, the most creditworthy or the best-known borrowers are likely to risk a return to the market in 1998.
The slow recovery of the Asian Eurobond market will be led by a small group of the region's most creditworthy borrowers: sovereigns, quasi-sovereigns and the very best of the region's corporates. Although most Asian companies will be able to issue only on highly unfavourable terms, a select few - those with export markets...
