Deutsche Bank named lead debt arranger for Asian countries

Deutsche Bank has been named lead arranger of major currency debt for Asian governments and corporates in 2006, according to data released by Dealogic.

In US dollar, Euro and Yen Asia bonds, Deutsche Bank in Asia (excluding Japan ) completed a total of 30 deals worth $4.85 billion last year.

Notable transactions in the Philippines included a $130-million deal for Development Bank of the Philippines (DBP), which was the first-ever hybrid Tier 1 capital issue by a state-owned bank that was sold to offshore investors.

A hybrid Tier 1 capital bond is a form of capital that gives a bank the option to convert these securities into equity (usually in the form of preference shares) under certain conditions.

The German Bank was also lead manager on international bond offerings from the Republic of the Philippines (ROP) in January and July 2006, and January 2007.

Deutsche Bank AG Manila Branch chief country officer Enrico Cruz said positive local and global investor sentiment, as well as improved economic conditions in the Philippines, bodes well for Philippine borrowers in 2007.

"Deutsche Bank’s ability to work closely with domestic clients is critical to our success. The bank’s leading regional and global capital markets platform provides our Philippine issuers with access to a diverse investor base and delivers favorable pricing," Cruz said.

The global financial institution tailor fits financing packages with its ability to provide an efficient, liquid capital markets platform to meet the unique needs of the diverse Asian client base.

Overall, Deutsche Bank arranged seven bond deals in the Philippines this year worth a total of $3.62 billion.

It was awarded Best Bond House by IFR Asia and Best Bond House and Best Equity-Linked House by FinanceAsia in their 2006 awards.

Deutsche Bank is a leading global investment bank with a strong and profitable private clients franchise.

A leader in Germany and Europe, the bank is continuously growing in North America, Asia and key emerging markets. With Euro 1,097 billion in assets and 67,474 employees in 73 countries, Deutsche Bank offers unparalleled financial services throughout the world.