London’s unique position as a gateway to Europe for companies from across the whole Asia Pacific region (including India, Japan and South East Asia) makes London Stock Exchange the preferred international listing venue for companies of all stages and sizes. To learn more about our activity in China, please visit our dedicated page.
Indian companies have raised $14.5bn in strategic equity capital through IPOs and follow-on offerings on London’s Main Market, Professional Securities Market and AIM. Additionally, more than 20 Indian companies have issued Eurobonds and Rupee or “Masala” bonds on the Main Market and on the International Securities Market (ISM), LSEG’s dedicated trading platform for fixed income securities. Having supported the internationalisation of the Indian Rupee from conception, LSEG is now the largest Masala bond centre globally.
In recent years LSEG has strengthened its support for India’s companies and capital markets with new initiatives and partnerships including:
Three of Pakistan’s largest companies also have Depositary Receipts listed in London. Oil and Gas Development Company raised US$750m, United Bank secured US$400m and Lucky Cement raised $109m. In addition, well known Bangladeshi companies Beximco Pharmaceuticals and GCM Resources have raised growth capital on AIM. Our markets have also been chosen by Sri Lanka for its largest ever offshore dollar bond offering.
South East Asian companies listed on our markets represent a broad spectrum of businesses from across the region, including companies with primary operations in Singapore, Vietnam, Indonesia, Philippines, Myanmar, Mongolia and Thailand.
South East Asian companies listing on our markets are attracted by a number of factors: access to unique pools of European and US capital (comprising circa 45% of the London’s register); significant passive index tracking demand via FTSE index series; and investment from dedicated Europe or UK mandated funds.
To date, there have been over 40 IPOs on London’s Main Market and AIM raising US$4.5bn. Companies from the region have remained active post IPO, raising a total of US$3bn in further issues. Key Main Market success stories from the region include Vietnam-based open-ended fund VinaCapital Singapore-based Orient Telecoms and Philippines-based Big Dish Plc.
Larger companies are not the only ones to have benefited from London’s internationally oriented capital market. Smaller, growing companies like South East Asian focused Jadestone Energy raised US$109m upon its AIM admission, and has since seen its shares trade at a premium to the offer price.
LSEG is also home to a significant Fixed Income footprint in the region, serving as the largest offshore Komodo (Indonesian Rupiah-denominated) bond centre. London’s International Securities Markets (ISM) is currently home to 22 active bonds from Indonesia, including programs from key issuers including Jasa Marga, Indonesia’s pioneer in leading offshore bond issuances.
London Stock Exchange has a long history of supporting Japanese issuers raise capital across asset classes.
We currently have 6 Japanese companies on our market including Toyota Motor Corporation, Mitsubishi Electric Corporation, and Konami, who have all been listed for two decades. In addition, we have a number of listed Japan-focused closed-ended investment funds from managers including Aberdeen, Baillie Gifford, Fidelity and Schroders. The most recent Japan-focused fund to list on our market was AVI Japan Opportunity Trust, which listed in October 2018 having raised £80 million.
Fixed income issuers are also welcome. A number of leading Japanese corporates, financial institutions and municipalities, including Hitachi Capital, Toyota Motor Credit Corporation, Japan Finance Organisation for Municipalities, Tokyo Metropolitan Government and Toyota Motor Finance have all chosen to list bonds on our markets. Japanese issuers have tapped the London market in nine different currencies including Yen, Euros, Dollars and Sterling. Highlights include Toyota Motor Credit Corporation’s €600 million green bond issuance in November 2017 and Barclays plc issuing the first JPY denominated bond to admit to London’s International Securities Market.
The links between London and Japan continue to grow. In July 2018, LSEG announced a number of collaboration initiatives including an agreement between LSEG and JPX on initiatives to promote global sustainable investment.
LSEG also launched a Japan Advisory Group, comprised of senior leaders in Japanese business and finance. This group will work towards bringing the London and Tokyo markets together.
Today, London Stock Exchange markets were opened by Singapore Exchange (SGX) and FTSE Russell to mark the launch of Futures contracts tracking ESG indexes.
SGX FTSE Emerging ESG Index Futures
SGX FTSE Emerging Asia ESG Index Futures
SGX FTSE Asia ex Japan ESG Index Futures
SGX FTSE Blossom Japan Index Futures
As sustainable investing becomes more and mor
Fidelity International (Fidelity) expands its Sustainable Research Enhanced ETF range with the launch of 3 new funds offering exposure to Emerging Markets, Japan and Pacific Ex Japan.Fund Ticker OCF Comparative market index Fidelity Sustainable Research Enhanced Emerging Market Equity ETF FEMR 0.50% MSCI Emerging Markets
London Stock Exchange welcomes One Heritage Group PLC (“One Heritage”) to trading on the Main Market by the way of a standard listing. The Group undertakes developments to create self-contained apartments while also refurbishing existing residential properties to create Co-living accommodation. It listed on 23 December 2020 having successfully raised £930,000 through a subscription and placemen
Head of Asia Pacific Primary Markets, London Stock Exchange plc
Head of Middle East, Africa, India, Primary Markets, London Stock Exchange plc
India representative, Primary Markets, London Stock Exchange plc