Daiwa Securities SMBC wins IFR Yen Bond House of the Year
For more details, please contact:
Caroline Klein, Business Communication
Daiwa Capital Markets Europe Limited
5 King William Street, London, EC4N 7AX
+44 (0)20 7597 8101
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1 January 2009
Daiwa Securities SMBC is delighted to have been awarded IFR’s prestigious Yen Bond House of the Year award. This is the second time in three years that the company has won this award.
Despite international and domestic difficulties, Daiwa Securities SMBC was the top yen underwriter of the year in which the yen sector stayed surprisingly resilient, with the Samurai market growing despite a decline in issuance volumes elsewhere.
IFR said, “In spite of unprecedented market volatility throughout 2008, the yen market, and the Samurai sector in particular, enjoyed an exceptionally strong period. Daiwa SMBC was instrumental in bringing a variety of issuers to Japan as it re-established itself in its core market, demonstrating a capability to deliver a wide range of deals in the eye of the financial storm”
Eishu Kosuge, Chairman & CEO of Daiwa Securities SMBC Europe, commented, “We are very proud to have won this award on a number of occasions. Despite a difficult year for many, we have had a strong year, focusing on our strengths, and making the most of our three core regional centres (Asia & Oceania, Europe & the Middle East and the Americas) to work across the globe and give our clients the level of service they deserve. I would like to thank our staff for all their hard work, in line with our slogan of 'Passion for the Best'.”
Note to editors:
Daiwa Capital Markets Europe Limited is a wholly owned subsidiary of Daiwa Securities Capital Markets Co Ltd, the investment banking arm of Daiwa Securities Group.
Daiwa Capital Markets Europe Limited offers a wide range of services from its main business areas:
• Equity
• Fixed Income
• Derivatives
• Debt & Equity Capital Markets
Corporate Finance and M&A advisory services are provided in Europe by our subsidiary, Close Brothers Corporate Finance