Buyside increasingly pursues unrated debt

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Buyside increasingly pursues unrated debt

June 04, 2012 (Last updated: June 05, 2012)

From Clare Hammond

Asset managers in Asia are placing an increasing focus on performing their own due diligence and buying unrated debt, as rating agencies’ penetration of the sphere remains limited.

In order to combat a world of falling yields, asset managers in Asia are increasingly conducting their own research and purchasing unrated debt for their portfolios.

“The whole concept of the need for yield is becoming more profound and more...

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SOUTHEAST ASIA DCM

Rank

Bookrunner Parents

Deal Value $ (Proceeds) (m)

No.

%share

2012 YTD Rank

Standard Chartered Bank

3,991

8.9

HSBC

3,710

8.3

Goldman Sachs

3,333

7.4

Deutsche Bank

2,895

6.4

Citi

2,774

6.2

JPMorgan

2,288

5.1

DBS

2,106

4.7

Siam Commercial Bank

1,835

4.1

Barclays

1,586

3.5

CIMB Group

1,523

3.4

Subtotal

26,040

123

57.9

Total

44,958

212

100.0

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