June 2007
Primary debt poll 2007: Service please
Banks are often inclined to monitor new issue league tables for evidence of their performance in fixed income. In Euromoney’s debt poll, though, those banks’ clients get to tell their side of the story. Quality and quantity, their views suggest, by no means always equate.
Jethro Wookey reports.
THE EUROMONEY DEBT poll was conceived as an alternative measure of debt house performance to the more traditional, volume-driven league tables. Just because something is the biggest, it isn’t necessarily the best. Euromoney asked the world’s biggest borrowers to name what they thought were the best debt underwriters in 23 different categories, covering service provision, currencies, and products.
It soon became clear that the banks that conduct the largest deal volumes are not necessarily the ones that provide the best service to their clients.
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