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Banks race for uncertain fixed income returns

May 05, 2010  

From Pamela Tang

Several banks have been bulking up their fixed income and debt capital market teams despite an apparently bleak revenue outlook. The next year is likely to sort out the winners from the losers.

Asia’s fixed income markets might not look particularly exciting right now, but the bankers covering them have never had it so good.

The likes of UBS, Standard Chartered, Société Générale, Credit Suisse and Bank of America-Merrill Lynch have all...


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 LOCAL CURRENCY DCM

Rank Bookrunner Value ($m) No. %Share
1 Samsung Securities Co 1,079 13 4.8
2 China Development Bank Corp 1,066 3 4.8
3 KB Financial Group Inc 1,052 10 4.7
4 Daewoo Securities 950 8 4.2
5 Korea Investment & Securities 865 14 3.9
6 Woori Investment & Securities 854 12 3.8
7 SK Securities 758 8 3.4
8 CITIC Securities 686 2 3.1
9 Dongbu Group 650 10 2.9
10 Haitong Securities 649 2 2.9
Subtotal 8,609 70 38.4
Total 22,396 168 100.0

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