Awards for Excellence 2014: Best emerging markets debt house

Best emerging markets debt house:

HSBC

In recent years, the boom in emerging market bond issuance has offered a quantum of solace for fee-famished emerging market focused investment banks grappling with equity market volatility and rising regulatory costs. Competition remains fierce, however, as the traditionally strong global EM debt houses improve local currency execution capacity and seek a slice of the offshore renminbi market, in addition to arranging deals in G3 currencies.