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Japanese, Korean corporates consider bonds for M&A financing

February 10, 2012  

From Anita Davis

Japanese and Korean corporates are assessing borrowing options to fund their outbound M&A activity in 2012, and find that tapping the debt capital markets may be the best way to raise capital, debt capital market (DCM) sources say.

With Japanese and Korean corporates poised for a rash of overseas M&A activity in 2012, DCM sources say their clients are considering a range of traditional as well as more innovative debt financing options – including high-yield bonds – to...


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OFFSHORE RMB DCM

Rank Bookrunner Value ($m) No. %Share 2011 YTD Rank
1 HSBC 1,439 15 33.0 1
2 Bank of China Ltd 1,079 5 24.8 14
3 Standard Chartered Bank 513 10 11.8 11
4 Citi 208 4 4.8 3
5 Barclays 198 2 4.5 0
6 Deutsche Bank 159 4 3.6 2
7 Goldman Sachs 152 2 3.5 6
8 RBS 136 3 3.1 5
9 BNP Paribas 95 2 2.2 21
10 JPMorgan 79 1 1.8 7
Subtotal 4,059 29 93.2
Total 4,356 29 100.0


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