Corporate Press Release
Credit Suisse named Best Foreign Investment Bank in Singapore for the third consecutive year by The Asset
This is the third consecutive year Credit Suisse has received the Best Foreign Investment Bank in Singapore accolade from The Asset, a leading industry business publication in Asia Pacific. This marks a continuation of an excellent track record in Singapore and across Southeast Asia.
Edwin Low, Co-Head of Southeast Asia Investment Banking, said: “Today’s announcement underpins the excellent reputation we have maintained in Singapore as a leading player in a highly competitive environment among the international and local banks. The Asset recognises the quality of our advisory services, the breadth and depth across product and sector coverage, and most of all the skills and commitment of our employees.”
In the period under review, Credit Suisse executed a number of landmark transactions across mergers and acquisitions, and equity and debt issuances in Singapore. In M&A, it was involved in three out of the four largest domestic M&A transactions including its advisory role to CapitaLand’s US$2.56 billion acquisition of CapitaMalls Asia, KKR’s US$1.1 billion acquisition of Goodpack and Temasek’s US$2.5 billion acquisition of Olam International.
In equity capital markets, Credit Suisse executed seven high profile transactions for Singapore and foreign corporates in the period under review including a joint global coordinator role in Japfas’ US$183 million listing, Temasek US$175 million block trade of Seoul Semiconductor to name a few. Credit Suisse is also currently acting as a joint global coordinator on the US$393 million Singapore listing of Keppel DC REIT, Asia’s first prospective data center REIT.
In debt capital markets, Credit Suisse executed nine complex and high profile deals across industries and debt product offerings including its sole bookrunner role in Hyflux S$175 million perpetual bond issue, UOB’s US$800 million Basel III-compliant Tier 2 subordinated notes issue, GuocoLand’s S$125 million senior notes issue and Pacific International Lines S$300 million debut bond offering.
Kuan-Ern Tan, Head of Singapore Coverage in Investment Banking, said: "We have invested heavily in recruiting a high caliber local team and providing integrated solutions to clients across all industries and products. The award recognition is a clear reflection of our proven ability to fulfil clients' objectives. We are delighted to win these awards and thank both The Asset and our clients for allowing us to be in this position."
Credit Suisse is a leading player in Southeast Asia as the region forms a critical part of the bank’s Asia Pacific business strategy. Apart from The Asset, in July, the bank has also won Best Investment Bank and Best Equity House in Singapore in Euromoney’s Awards for Excellence and is a first time winner as Best Foreign Investment Bank in Singapore in FinanceAsia’s Country Awards Achievements.
Other house awards Credit Suisse has won across Asia Pacific in The Asset’s Triple A Country Awards 2014 include Best Equity House in Indonesia, first time winner of Best Foreign Investment Bank in Philippines and Pakistan, Best Foreign Investment Bank and Best M&A House in Malaysia, Best Foreign Investment Bank in Vietnam and Best M&A House and Best Brokerage House in Korea.