Fubon Financial

Fubon Financial Holdings Named Best Investment Bank in Taiwan by Global Finance for the Fourth Time

2017.04.13

Owing to the accomplishments of Taipei Fubon Bank and Fubon Securities in the investment banking segment, Fubon Financial Holdings was named "Best Investment Bank in Taiwan" for the fourth time by Global Finance in 2017!

Chairman Richard Tsai of Fubon Financial Holding said that Taipei Fubon Bank and Fubon Securities each has a team of award-winning investment bankers that help build Fubon's leadership position in the capital and equity markets. Taipei Fubon Bank has been leading the industry in terms of syndication lending and structured finance; it lead-arranged 41 syndicated loans in 2016, ranking first among private banks with a market share of 8.5%. The bank also exhibits a high level of globalization and diversity given the mixture of overseas and local structured financial projects on hand. Fubon Securities ranks 2nd in terms of transaction volume in the Emerging Stock Market with a market share of 21%. It is devoted to providing customers with the best range of capital market service, and has performed exceptionally well in terms of IPO, SPO and M&A consultation, for which it was awarded "Market Value in IPO - 1st Place," "IPO Fund-raising - 3rd Place," and "Number of IPO deals - 3rd Place" by Taiwan Stock Exchange Corporation.

In terms of banking service, Taipei Fubon Bank has been supporting the financial holding company's efforts to expand into Southeast Asia, and with the establishment of Singapore Branch last year, the bank was able to help Vietinbank (one of the 4 largest commercial banks in Vietnam) and Vingroup (the largest real estate company in Vietnam) obtain syndicated funding totaling US$200 million and US$300 million, respectively. Both projects were over-subscribed by a large extent, which signified Fubon's success in promoting syndicated loan service to the Southeast Asian market. As credit markets shrink throughout the Greater China Region, Taipei Fubon Bank shall rely on its robust risk assessment practices to identify quality customers, and strive to complete syndicated loan projects of high significance, such as the US$350-million syndicated lending to China Orient Asset Management Co., Ltd. (as the sole lead arranger) and the US$600-million syndicated lending to LESSO (as a co-lead arranger).

Taipei Fubon Bank has also been active in the development of structured finance. In addition to coordinating a syndicate of underwriters to complete TBC's NT$28-billion syndicated loan, Taipei Fubon Bank also worked with other financial institutions worldwide to raise US$430 million and help Baring Private Equity Asia acquire HCP Global - world's leading packaging service provider. Taipei Fubon Bank has been supportive of Taiwanese businesses as well. It assumed the role of managing bank for 15 local lending projects including Compeq Manufacturing, King Yuan Electronics, Lite-On Semiconductor and Shinkong Synthetic Fibers. Through years of practice, Taipei Fubon Bank has developed the ability to precisely anticipate customers' needs and structure solutions in great flexibility to succeed in the market of syndicated lending.

In the Year of the Rooster, Taipei Fubon Bank will strive to maintain its advantage in services such as syndicated lending and M&A financing, and thereby secure leadership position in Taiwan, China and Southeast Asian markets. Meanwhile, the bank will aim to raise customers' satisfaction and loyalty by providing full range of customer services such as financial consultation, increasing market share to become our customers' number 1 investment bank.

In terms of securities service, Fubon Securities has made several significant accomplishments in recent years, including the NT$6-billion exchangeable bond of Mega Financial Holding (the largest funding project of the year in Taiwan's capital market) and the NT$4.366-billion IPO of Nien Made Enterprise Co., Ltd. (the largest IPO of the year in Taiwan). Its outstanding business performance was equally reflected in share price movements. Fubon Securities has sufficiently proven its ability and capacity by completing large underwriting cases of significant value. In doing so, the company not only recommends top quality companies to investors, but also brings activities to Taiwan's capital market.

Following the deregulation of OSU service, Fubon Securities OSU made an overseas offering for King Yuan Electronic's US$50-million ECB, which made it the first OSU to assume the role of overseas lead underwriter, as the role was usually taken up by investment banks in the past. This accomplishment was a good demonstration of Fubon Securities' globalized financial services, as well as its versatility in domestic and overseas securities underwriting. Its ability to reduce overseas funding costs for TWSE and TPEX listed companies is especially meaningful to Taiwan's capital market.

In 2017, Fubon Securities will continue utilizing advantages of the financial holding company, including its strong underwriting capacity, diverse distribution channels, professional research team and venture capital investments, to capitalize on growth opportunities created by new technologies such as IoT, cloud computing, AI, automation, robotics, automobile electronics etc, and the government's support to the four innovative industries, namely "Asian Silicon Valley," "smart machinery," "green energy" and "biomedicine." The company will also take initiative in making IPO and funding proposals to local and foreign customers and exploring Greater China Market and new markets highlighted in the government's southbound expansion policy. By actively involving itself in cross-border M&A and financial consultancy, Fubon Securities hopes to develop its reputation as an investment bank.