Daiwa wins IFR’s Yen Bond of the Year Award 2013

3 January 2014

Daiwa Capital Markets has received the Yen Bond of the Year Award from International Financing Review (IFR) magazine. The firm received the accolade for its role in Rabobank’s ¥101.5 billion four-part Samurai bond.

IFR editors commented: “The Samurai market faced some notable challenges in 2013: a less than benign basis swap from yen into US dollars and the rate uncertainty surrounding Abenomics and the Bank of Japan’s quantitative easing programme. If that weren’t enough, credit spreads were near the all-time lows seen just before the 2007-08 financial crisis, something which was a deterrent for investors. Rabobank met this challenging backdrop head-on and in the process in mid-May produced a landmark deal that effectively set the tone for the Samurai issuance which emerged over the rest of the year.”

IFR is a highly regarded capital markets magazine published by Thomson Reuters. Its Awards are considered to be the ‘Oscars of the financial markets’. 

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Note to editors:

Daiwa Capital Markets (www.daiwacm.com/uk) is the wholly-owned investment banking arm of Daiwa Securities Group. The award winning firm provides integrated financial services including brokerage, capital raising, IPOs, M&A and other creative financial solutions to clients through a network of more than 20 offices across Asia, the Middle East, Europe and North America. Corporate finance and M&A advisory services are provided in Europe through DC Advisory (www.dcadvisory.com), a wholly owned subsidiary of Daiwa Capital Markets Europe Limited.


Daiwa Securities Group (www.daiwa-grp.jp/english) is one of the largest brokerage and banking groups in Japan and employs approximately 14,000 professionals worldwide providing comprehensive financial services, including retail brokerage, investment banking and asset management. Daiwa Securities Group has been in continuous operation in the financial services industry since 1902.


For more details, please contact:

Paul Lyon, Head of Communication & Marketing
Daiwa Capital Markets Europe Limited
5 King William Street, London, EC4N 7AX

+44 (0)20 7597 8109


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