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Awards for Excellence 2013: Best Emerging markets debt house

In a record year for emerging market debt, the incumbent continued to power ahead.

Awards for Excellence 2013

Best Emerging markets debt house: HSBC

Also shortlisted: Citi and Goldman Sachs

Between April 2012 and March 2013, bond issuance from the emerging markets surpassed the trillion-dollar level, reaching $1.29 trillion. That compares with an already large $977 billion in the previous 12 months.

HSBC stayed well ahead in the league tables. According to Dealogic, the bank’s share of emerging market issuance was almost a full percentage point ahead of Citi’s, while Citi’s lead over the number three, JPMorgan, was only 20 basis points.

HSBC is way ahead of international rivals in many of the biggest markets, such as Brazil. It also has a clear lead, for example, in the Middle East. In both Brazil and the Middle East, HSBC’s market share is roughly double that of Citi.

And in the biggest region and the biggest country – Asia and China – HSBC’s lead over its global rivals is particularly strong. In emerging Asia, HSBC is the only international bank with a position in the top five in the DCM league table.

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