FinanceAsia names Daiwa Securities SMBC Best Investment Bank, Japan
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
For up to date Fixed Income Research analysis, see our blog site here.
2 April 2009
Daiwa Securities SMBC has been named Best Investment Bank in FinanceAsia’s Achievement Awards 2008, Japan. The accolade reinforces the firm's position as the leading Asian investment bank, following recent recognition by a number of major industry publications including IFR, which named Daiwa Securities SMBC Yen Bond House of the Year.
FinanceAsia said: “Daiwa has shown the character and the discipline not to be swept up in the vortex of cheap debt and principal investment which has destroyed so many of its rivals. While other banks embarked on more reckless strategies in 2008, Daiwa stayed cool and collected and concentrated on its traditional strengths in equity and bond underwriting, and securitisation. For the year as a whole it ranked top in international bond underwriting, top in the underwriting of asset and mortgage backed securities, second in total ECM underwriting, third in domestic M&A, and fourth in all domestic DCM underwriting.”
Finance Asia also named the firm Best Securitisation House and Best Bond House. Additionally, Daiwa Securities SMBC was also lead manager for three award winning transactions:.
- Best International Bond - Sumitomo Mitsui Financial Group's $1.8 billion preferred share issue
- Best Samurai Bond - Westpac Bank's ¥245 billion multi‐tranche offering
- Most Innovative Deal - World Bank's $25 million Certified Emission Reduction‐linked CO2L Uridashi Bond
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