This survey is open for completion to the world’s largest issuers in the international bond markets.
Euromoney is looking for the opinions of funding officials at these large borrowers that, through their volume of issuance, are covered by a large group of banks and issue frequently, and therefore are best placed to judge the relevant merits of different lead managers.
Categories have been designed to reflect the different services that bond houses offer to their issuer clients.
The poll is divided up into three categories: services to clients, by issue currency and by product type.
Click here to vote online
Click here for the Word version
The poll closes at 5pm on Friday the 21st of April
Categories:
By service:
Best at deal execution (eg pricing, allocation)
Best debt syndicate
Best coverage team
Best swap provider
Best distribution
Best at secondary market support
Best at issuer research
Best at deal-related investor relations (ie roadshows)
Best at non-deal investor relations
Best at ratings agency advisory
By currency:
US dollar
Euro
Sterling
Yen
Non-core currencies
By product:
Benchmark/vanilla issues
Structured notes/ MTNs
ABS
Hybrid
Commercial paper
Syndicated loans
Inflation-llinked
Funding officials at the top issuers will be asked to rate their top three preferred banks in each category. Scores will be weighted as follows: four points will be awarded for the first choice in each category, three points for the second place and two points for third place. When all votes have been submitted, respondents will be divided into quartiles based on their amount of issuance over the past two years. The scores of the largest issuers by volume will be multiplied by four, the next quartile by three, the next by two, and the quartile with the least volume will count as voted. By this method, more weight is given to borrowers who issue most frequently.
Results will be published in the June edition of Euromoney, alongside the magazine’s annual best borrower awards. Borrowers will be invited to send submissions for the best borrower awards when they are sent the best debt house poll.
The best debt house poll and best borrower awards will form the centrepiece of the June edition of Euromoney, which has special distribution at the annual Global Borrowers and Investors Forum, in London from June 20 to June 22, which is attended by many of the world’s largest debt issuers.
Banks with further questions or concerns about this survey, are invited to contact Andrew Newby at anewby@euromoney.com, or Paul Pedzinski at pepdzinski@euromoney.com, tel:00 44 207 779 8233.