Barclays Capital has started 2010 with a notable success in Asia-Pacific sovereign bonds, becoming the only bank to win mandates on all three deals so far this year. The bank, which was a bookrunner on the $1.5 billion Philippines and $2 billion Indonesia deals priced in January, has also been mandated on the $1 billion Vietnam deal, which was in the market at the time of writing and is expected to yield around 7%.
"Credit to them, it’s been a great start to the year for BarCap," says a debt capital markets banker at a rival franchise. "They obviously had and still have a solid team in place and have said the right things to sovereign issuers at the start of the year."...
