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Cogeneration PCL, the Thai power producer, has completed a series of transactions that give it new financial freedom. An innovative local currency bond and dual currency loan provide it with new capital and protection against foreign exchange risk. By Chris Wright.

There is simply not enough equity capital in Asia to fuel the economic miracle to which it aspires. To keep the dream alive, Asian corporates are having to seek new equity from the international markets – mainly through the use of depositary receipts.

There is simply not enough equity capital in Asia to fuel the economic miracle to which it aspires. To keep the dream alive, Asian corporates are having to seek new equity from the international markets – mainly through the use of depositary receipts.

A year of achievements for the Singapore dollar bond market was augmented in October when Jurong Town Corporation (JTC), a Singaporean industrial property developer, launched the first 12-year bond in the local currency market.

It has come to something when the internet, the architect of the supposedly paperless office, becomes the trading platform for paper itself.

It has come to something when the internet, the architect of the supposedly paperless office, becomes the trading platform for paper itself.

A US$1 billion convertible bond blockbuster from government-owned Korean Deposit Insurance Corp (KDIC) could well lead the revival of the Asian convertible bond market. The largest pure Asian equity-linked issue from the region ex-Japan, and the second-largest in absolute terms (Hutchison Whampoa's US$3 billion exchangeable was the largest), it attracted a surprisingly enthusiastic response from investors. The book-build for the issuance closed within 48 hours – a record for a Korean equity-linked deal – and was said to be oversubscribed eight times. The exchange premium of 26% was also the highest in Asia.

Asia and M&A have been unlikely bed fellows in the past due to a high proportion of family-owned businesses in the region, and cross-cultural barriers. But there are clear signs that Asian companies are yielding to the global M&A trend. Joy Lee reports.

Why do Asia-Pacific companies prefer Nasdaq? Why have Indian software companies opted for the NYSE? As the distinction between the two US bourses becomes blurred, what are the issues governing corporates' choices?

The partial privatization of Hong Kong's Mass Transit Railway Corporation (MTRC) logged a number of achievements, but none greater than its success in promoting on-line broking. The eIPO method – as the government tagged the on-line component of the deal – accounted for a record 12% of the entire transaction.

Bancassurance is slowly taking hold in Asia following its success in Europe. But Asian nations vary significantly in their acceptance of cross-selling insurance through banking channels. By Chris Wright and Saibal Dasgupta.

The partial privatization of Hong Kong's Mass Transit Railway Corporation (MTRC) logged a number of achievements, but none greater than its success in promoting on-line broking. The eIPO method – as the government tagged the on-line component of the deal – accounted for a record 12% of the entire transaction.