Asia Deals of the Year 2019: The winners' enclosure
This year's Asia Awards featured new technologies, new types of risk allocation and some impressive feats of multisourcing. With Asia coming back strongly, these are the deals to emulate.

Asia Deals of the Year 2019: The winners' enclosure
At first glance the spread of winners of Proximo's Awards for 2019 in Asia looks reassuringly familiar. There are a good spread of names in power and oil & gas, and a strong contingent from Australia's transport sector.
But a closer look at the list of winners sees newer technologies closing financing - offshore wind and floating solar both make appearances this year - and newer debt sources being recognised. This years winners used commercial bank debt, ECA debt, US 144A bonds, islamic finance, DFI debt, local currency debt and even local currency green bonds to make their projects a reality.
There were some small deals that impressed the market, and there were some huge bank groups, though more than one multi-billion-dollar deal made do with a small group of underwriters. One deal in particular - the acquisition of the Hokkaido Airports portfolio - featured more than four times as many sponsors as lead arrangers.
All of the winning transactions appeared on Tagmydeals - the open platform that powers Proximo's Playbook data platform - which allowed all market participants to vote on their merits.
Only deals that signed or reached financial close in 2019 in the Asia-Pacific region, in all sectors (other than traditional real estate) where project financing is used, were eligible for inclusion.
Proximo recognised the new reality by holding a virtual awards ceremony for the winners, with the Proximo team presenting awards. The ceremony went out live on 10 June 2020, but is available for replay here.
The winners:
Asia Power - Riau IPP
Asia Power Refinancing - Mong Duong 2
Asia Hydro - Upper Trishuli
Asia Offshore Wind - Yunlin
Asia Development Finance - Da Mi floating solar
Asia Rail - Cross River Rail
Asia PPP - Sydney Metro Extension
Asia Upstream Oil & Gas - Jambaran-Tiung Biru
Asia Downstream Oil & Gas - RAPID/Project Marigold
Asia Airports - Hokkaido
Asia Developer - Mitsubishi