Brazil's Itau' Unibanco Tops Global Debt List

By Marc Castro

Mar 23, 2013 09:51 PM EDT

Brazilian banks raced ahead of its foreign competition in the management of global debt offerings from both its government and fellow companies in 2012. The banks captured the biggest market share, earning 67% of fees paid in the region according to Thomson Reuters data.

The Brazilian markets' record low interest rates allowed it to earn a 37% increase in global debt offerings. This also created a balance between higher returns and fundraising alternatives according to its banking community. The volumes for this year are expected to increase this year, especially in risky investments that promise high returns, such as junk debt.

Itau' Unibanco Holding SA lead HSBC Holdings Plc and Banco Santander SA to hold the top position as the highest bank on global debt sales of Brazilian government and/or private sector debt. This is the highest a Brazilian bank has ever attained since Thomson Reuters tracked the data from 2010. Overall, Itau' managed US$6.02 billion worth of bonds in 2012, was only third in 2011.

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