The material on this site is for financial institutions, professional investors and their professional advisers. It is for information only. Please read our Terms & Conditions, Privacy Policy and Cookies before using this site. Please see our Subscription Terms and Conditions.

All material subject to strictly enforced copyright laws. © 2022 Euromoney, a part of the Euromoney Institutional Investor PLC.

Awards for Excellence 2012: Best Emerging Markets Debt House

The bank has made good use of its global presence, bringing new pools of liquidity to emerging market borrowers.

Awards for Excellence 2012

Best Emerging Markets Debt House: HSBC

Also nominated: Citi and Deutsche Bank

The battle for global supremacy in emerging markets debt now appears to be between Citi and HSBC.

Citi has jumped ahead of Deutsche Bank in the global rankings, but HSBC is number one in the league tables – and its lead over Citi was especially wide in the most challenging part of the awards period, at the end of last year.

Furthermore, HSBC boasts an excellent balance between issuance in G3 and in local currency – the latter being one of the year’s defining themes.

Citi and, indeed, JPMorgan are more natural US dollar debt houses, and that continues to put them in a good position in emerging market debt. In 2012, the proportion of emerging market issuance in dollars has grown at the expense of euro issuance.

Yet HSBC’s involvement in so many of the period’s most high-profile dollar-denominated transactions also illustrates the breadth of its platform.

You have reached premium content. Please log in to continue reading.

Read beyond the headlines with Euromoney

For over 50 years, our readers have looked to Euromoney to stay informed about the issues that matter in the international banking and financial markets. Find out more about our different levels of access below.


Unlimited access to and

Expert comment, long reads and in-depth analysis interviews with senior finance professionals

Access the results of our market-leading annual surveys across core financial services

Access the results of our annual awards, including the world-renowned Awards for Excellence

Your print copy of Euromoney magazine delivered monthly

£73.75 per month

Billed Annually


Unlimited access to and, including our top stories, long reads, expert analysis, and the results of our annual surveys and awards

Sign up to any of our newsletters, curated by our editors


Already a user?

We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.
I agree