IFRASIA INTERNATIONAL FINANCING REVIEW ASIA MARCH 13 2021 ISSUE 1178 www.ifre.com Coupang delivers roaring NYSE debut stoked by lots of unfulfilled orders US Treasury yield spike derails IRFC but Asian credit shows resilience NYSE pariah China Telecom plans A-share homecoming in Shanghai INSIDE: OUTLOOK FOR ASIAN CREDIT ROUNDTABLE LOANS BONDS EQUITIES PEOPLE & MARKETS Leveraged finance Indian infrastructure Powdered milk Orion Credit steps makes a comeback issuers turn to maker shelves up pace of lending in Australia as orphan SPVs to Indonesian IPO on after OMERS pandemic eases sidestep yield cap valuation concerns capital infusion 07 08 08 12 B&RYHULQGG LOOKING FOR A WIDER VIEW OF THE GLOBAL SYNDICATED LOAN MARKET? LOOK TO LPC LPC is the premier global provider of information on the syndicated loan markets. Our first-to- the-market news and comprehensive real-time and historical data help industry players stay informed about market trends and facilitate trading and investment decisions. LPC’s publications, end-of-day valuations, online news, analysis, and interactive databases are used every day by banks, asset managers, law firms, regulators, corporations and others to drive valuation, syndication, trading, research and portfolio management activities. CONNECT TO THE GLOBAL SYNDICATED LOAN MARKET WITH LPC. www.loanpricing.com
[email protected] Upfront OPINION INTERNATIONAL FINANCING REVIEW ASIA Impossible India benign of market conditions. %VENûCOMPANIESûWITHû53ûDOLLARûBONDSûTOûRElNANCEûnû ndia has always made it hard for the capital markets. If like Delhi International Airport – have been forced to a once-in-a-lifetime public health crisis and a banking use complicated offshore pass-through structures to get I sector that is running dangerously low on capital cannot themselves out of a tight spot.