Citibank tops debt arranger list in Q1
Citibank topped the debt arrangers’ list for the quarter to June 2007, followed by Axis Bank (formerly UTI Bank) and ICICI Securities (I-Sec). Two foreign banks, namely HSBC and Standard Chartered Bank, have also featured among the top five debt a...
By TNN |
KOLKATA: Citibank topped the debt arrangers’ list for the quarter to June 2007, followed by Axis Bank (formerly UTI Bank) and ICICI Securities (I-Sec). Two foreign banks, namely HSBC and Standard Chartered Bank, have also featured among the top five debt arrangers.
This is according to Prime Database, which collated statistics on privately-placed debt issues with minimum one-year maturity. In the period under review, a total of 111 such debt placements took place amounting to Rs 19,432 crore.
Citibank alone arranged 17.5% of these deals. Axis Bank captured 13.6% of the market, while I-Sec cornered 12.2% market share. HSBC and StanChart have a market share of 9.2% and 8.1%, respectively. Among new debt arrangers, YES Bank and IDFC have become prominent, of late. While YES Bank ranked eighth in the list for the period under review, IDFC got the ninth slot. SBI Capital Markets is the lone public sector player in the top 10 debt arrangers’ list. SBI Caps ranked 10th for the period.
Prime Database prepared the list by crediting the issue amount on pro-rata basis to concerned arrangers. Meanwhile, the primary bond market remained quite at present before the mid-term monetary policy announcement by the Reserve Bank of India. The central bank will unveil its policy document on October 30. Investment bankers expect bond issuers to make a beeline to mop up resources after RBI’s policy announcement
This is according to Prime Database, which collated statistics on privately-placed debt issues with minimum one-year maturity. In the period under review, a total of 111 such debt placements took place amounting to Rs 19,432 crore.
Citibank alone arranged 17.5% of these deals. Axis Bank captured 13.6% of the market, while I-Sec cornered 12.2% market share. HSBC and StanChart have a market share of 9.2% and 8.1%, respectively. Among new debt arrangers, YES Bank and IDFC have become prominent, of late. While YES Bank ranked eighth in the list for the period under review, IDFC got the ninth slot. SBI Capital Markets is the lone public sector player in the top 10 debt arrangers’ list. SBI Caps ranked 10th for the period.
Prime Database prepared the list by crediting the issue amount on pro-rata basis to concerned arrangers. Meanwhile, the primary bond market remained quite at present before the mid-term monetary policy announcement by the Reserve Bank of India. The central bank will unveil its policy document on October 30. Investment bankers expect bond issuers to make a beeline to mop up resources after RBI’s policy announcement
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