In one of the most dismal years on record for debt market practitioners in Asia, JP Morgan has been able to re-asset some of the pre-crisis dominance that once saw it at the forefront of issuance for many of the region's semi-sovereign and blue chip corporate borrowers. In a year that has produced only 18 major international public deals, the bank has been able draw on a combination of innovation, luck and foresight to lead three of the most important transactions of the year.
It is particularly well entrenched in Singapore where, alongside archrival Morgan Stanley Dean Witter, it had the acumen to see that the Lion City was about to emerge from the...