Deutsche Bank on Wednesday announced that it had been awarded 'Best Foreign Investment Bank in Pakistan' by leading pan-Asian financial publication, Finance Asia.
Finance Asia said Deutsche Bank was recognised because of the strong investment banking platform it has built in Pakistan and its work in providing the Islamic Republic and a variety of companies with a range of innovative funding and advisory solutions.
"Deutsche Bank has built up an impressive presence in investment banking in Pakistan and offers innovative products to clients", the magazine's editors said. Chief Country Officer and Head of Global Banking Pakistan at Deutsche Bank, Shazad Dada said having a strong on-the-ground presence in Pakistan it has been crucial to developing an award winning Franchise.
"Our investment banking team is highly experienced both in Pakistan and international markets. It is this experience that has enabled Deutsche Bank to provide local businesses in Pakistan with a greater variety of funding and structuring options", he said.
Deutsche Bank has been involved in all international bond offerings from Pakistan over the past year, including a 800 million dollars sovereign bond deal for the Islamic Republic of Pakistan in March 2006 and a 250 million dollars bond for Pakistan Mobile Communications Limited. In June this year, Deutsche Bank was a key participant on the Republic's 750 million dollars sovereign bond issues, which was the largest-ever single tranche sovereign bond deal issued from Pakistan.-PR
Comments
Comments are closed.