18 July 2014
Debt Capital Markets is experiencing strong momentum and positive feedback from the market in recent weeks, including winning an award, being the largest bond underwriter amongst the Nordic banks and seeing a strong improvement in customer satisfaction.
Firing on all cylinders, and with the inclusion of the High Yield product, DCM has increased both its market share and customer perception, highlighted by the three pieces of extremely positive news received within the past few weeks.
First, it was voted Best Bank for Corporate Debt Capital Markets in Nordic Currencies by the renowned magazine GlobalCapital. This honour is particular valuable for DCM as the survey is conducted among the bank’s peer group of European and international banks. Being voted no. 1 by your peers is a strong signal that the general market recognizes the high quality of the unit’s work.
Positive news from the customers followed, as Danske Bank leaped to second from fourth in the Prospera Report of Nordic Debt Capital Markets. Danske Bank moved up to first from second in Denmark, stayed second in Sweden and Finland and improved to fourth from fifth in Norway.
And finally, data by Bloomberg shows that no other Nordic bank has underwritten bonds for a larger amount in the first half of 2014 than the USD 17.59bn by Danske Bank.
“We are extremely happy with the feedback we are receiving from the markets these days. We are moving in the right direction across the board and we are constantly pushing the boundaries for what kind of deals a Nordic bank can be a part of,” says Bo Wetterstein, Head of Debt Capital Markets, referring to a couple of landmark deals.