Deutsche Bank tops list of underwriters for int’l bond offers

Deutsche Bank, Europe’s second-largest bank by assets, has continued to expand its global platform franchise by being the No. 1 underwriter of international bonds for the first time in the third quarter of 2003. According to data compiled by Bloomberg, Deutsche Bank has underwritten international bonds amounting to $47.261 billion in the third quarter this year, ahead of Citigroup which underwrote $45.795 billion in the same period.

Deutsche Bank’s dollar bond franchise has continued to make tremendous strides, largely due to continued investment by the firm in trading, sales and research expertise. Market share has risen steadily in the league in US Debt from No. 10 in 2000 to No. 5 this year (September year to date).

Enrico Cruz, chief country officer for Deutsche Bank in the Philippines, said this growth "reflects that US and non-US borrowers have in Deutsche Bank’s ability to place US dollar denominated bonds."

In Asia, Deutsche Bank has been the only bank to be involved in all sovereign debt issuance in the region in 2003 year to date. In the Philippines, Deutsche Bank was one of the three banks that helped manage a 300 million Euro sale of seven-year bonds for the Philippine government in February and a $750 million sale of 10.5-year bonds in July.

"These recent rankings clearly confirm what many of our clients known for some time – Deutsche Bank’s distribution platform is world class and competes directly for top global position with the US franchises, including on their own turf, and is a clear leader in Euro issuance. Deutsche Bank has proven to be a very competitive and efficient conduit in taking both sovereigns and Asian based companies to global investors," said Cruz.

With approximately 802 billion in assets and 70,900 employees, Deutsche Bank offers its 13 million clients unparalleled services in 76 countries throughout the world. The bank aspires to be a leading global provider of integrated financial solutions for demanding clients and the pre-eminent bank in Germany generating exceptional value for its shareholders and people.

Deutsche Bank ranks among the global leaders in corporate banking and securities, transaction banking asset management, and private wealth management, and has a significant private and business banking franchise in Germany and other selected countries in Continental Europe.

In Asia Pacific, Deutsche Bank has 30 offices in 15 countries with more than 5,900 staff. Deutsche Bank obtained a full commercial banking license in the Philippines in 1995 after operating as an offshore banking unit in Manila since 1977. Deutsche Bank in the Philippines has over 100 employees.