FinanceAsia Achievement Awards: Inside Apac's Winning Capital Markets & Advisory Deals

Why It Matters

The breadth and scale of these transactions signal that APAC is becoming a dominant source of global capital, with investors embracing innovative structures, sustainability and digital assets, reshaping financing norms for corporations worldwide.

Key Takeaways

• Hysan issued first perpetual hybrid rated one notch below senior
• Scentre Group’s A$650 m hybrid reopened Australian hybrid market after three years
• NTT Finance raised $11.25 bn, largest APAC USD/EUR bond ever
• China Modern Dairy’s $350 m sustainability bond hit 3.4× oversubscription
• Zhuhai Huafa launched first corporate digital bond using blockchain

Pulse Analysis

The 2025 FinanceAsia Achievement Awards painted a vivid picture of APAC’s accelerating capital‑markets dynamism. Record‑size bond issuances dominated the headlines, from Hysan’s innovative subordinated perpetual securities that set a new rating benchmark to NTT Finance’s $11.25 billion USD/EUR senior bonds, the largest ever by a regional issuer. Australia’s Scentre Group re‑entered the corporate‑hybrid arena with a A$650 million (≈ $430 million) issue, tightening spreads and demonstrating renewed investor appetite for hybrid financing. These deals, many oversubscribed by multiple times, underscore the depth of liquidity and the region’s growing influence on global funding flows.

Sustainability and digital innovation emerged as parallel themes reshaping financing structures. China Modern Dairy’s $350 million Reg S sustainability bond attracted a 3.4× order book, highlighting strong demand for ESG‑linked assets in the food‑and‑beverage sector. Meanwhile, Exsim Capital Resources’ RM455 million (≈ $100 million) green sukuk and Pakistan Mobile Communications’ PKR 15 billion (≈ $54 million) short‑term sukuk illustrated the rapid maturation of Sharia‑compliant green finance. The landmark launch of Zhuhai Huafa’s blockchain‑based digital bond marked the first corporate digital issuance in China, offering immutable documentation and real‑time transparency—features likely to accelerate broader adoption of tokenised debt across the region.

Equity markets and M&A activity reinforced the narrative of a robust, diversified financing ecosystem. CATL’s $5.3 billion Hong Kong IPO set a four‑year record, while Xero’s A$1.85 billion (≈ $1.22 billion) equity raise showcased cross‑border capital flexibility amid geopolitical volatility. High‑profile mergers, such as the $8.5 billion Reliance‑Disney media combination, created the largest integrated entertainment platform in India, signaling strategic consolidation trends. Collectively, these developments suggest that APAC will continue to attract global investors seeking innovative, sustainable, and digitally enabled financing solutions, cementing its role as a pivotal hub for future capital formation.