Yen market elusive for EM issuers despite strong vols

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Yen market elusive for EM issuers despite strong vols

August 16, 2012

From Anita Davis

Foreigners have been strong issuers of yen-denominated debt in 2012, yet while some names benefit from favourable conditions, emerging market players aren’t finding the same window of opportunity.

International players remain prevalent issuers of yen-denominated debt in 2012, seeking the benefits of a high yen currency, a diversified group of investors and low bond yields. Yet, emerging market issuers are finding that the same opportunities may not extend...

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SOUTHEAST ASIA DCM

Rank

Bookrunner Parents

Deal Value $ (Proceeds) (m)

No.

%share

2012 YTD Rank

HSBC

4,160

8.3

Standard Chartered Bank

4,110

8.2

Goldman Sachs

3,666

7.3

Deutsche Bank

3,354

6.7

Citi

2,774

5.5

DBS

2,341

4.6

JPMorgan

2,288

4.5

CIMB Group

2,095

4.2

Siam Commercial Bank

1,835

3.6

RHB Capital Bhd

1,688

3.4

Subtotal

28,311

161

56.2

Total

50,423

249

100.0

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