Standard Chartered Bank scored over its foreign banking peers, having been ranked top arranger of private sector corporate bonds by Prime Database for the fiscal ended 2002. It topped the charts having arranged funds to the tune of Rs 2,341.94 crore for 66 issues, commanding a market share of 20.9 per cent.
The total market volume for the year stood at Rs 11,199.82 crore as corporate India came out with 255 issues. StanChart lead-managed and arranged local currency capital, helping domestic issuers like Bank of India (Rs 160 crore), Indo Gulf (Rs 200 crore), Housing Development Finance Corporation (Rs 100 core), Reliance Industries (Rs 148 crore), Gujarat Ambuja Cements (Rs 200 crore) and Bharat Hevay Electricals (Rs 500 crore).
According to Prime Database, ABN Amro Bank stood second among the arrangers, having completed 49 issues, amounting to Rs 2,158.93 crore, giving it a market share of 19.3 per cent.
Though Citibank arranged more issues, DSP Merrill Lynch has been ranked third since it arranged 25 issues amounting to Rs 1,708.25 crore, giving it a market share of 15.2 per cent.
Deutsche Bank followed in fourth place, with 8 issues but arranged funds to the tune of Rs 1,515 crore, giving it a 13.5 per cent market share. Citibank arranged 33 issues, but the amount was less than the rest of the industry at Rs 1,470.95 crore.
StanChart head of Asian Fixed Income Brad Levitt stated in a press communique:
