HONG KONG, Jan. 29, 2013 /PRNewswire/ -- Ipreo, a leading global provider of market intelligence and productivity solutions to capital markets and corporate professionals, announced the successful launch of their IssueNet fixed-income syndicate platform in Asia. The first deal run was the Korea Southern Power offering on January 28, 2013. The joint leads on the deal were Barclays, Deutsche Bank, Citi, and RBS.
IssueNet is a unique community of member banks, linked via a technology platform that gives syndicate connectivity across the market, allowing orders and allocations to flow between banks without manual intervention. IssueNet was launched in 2003 to support the increasing complexity and global nature of fixed-income new-issuance. Today, IssueNet remains the only system with the capability to connect syndicate members and enable deal execution in this fashion, with well over 50 member banks, including all of the top-tier European and global investment banks.
"IssueNet has long been the core hub of primary new-issuance in the fixed-income community, and there has been a real need for this type of connectivity in Asia," said Allen Williams, EVP and Managing Director of Global Fixed-Income Capital Markets at Ipreo. "We're very pleased by the success of this first deal, and are committed to continuing to deliver innovative capital-raising solutions to the banking community in Asia."
About Ipreo Ipreo is a global leader in providing market intelligence, data, and technology solutions to all participants in the global capital markets, including sell-side banks, publicly traded companies, and buy-side institutions. From new issuance through ongoing investor management, our unique solutions drive connectivity and efficiency throughout all stages of the capital-raising process. Ipreo is a KKR portfolio company with more than 650 employees supporting clients in every major financial center around the world. For more information, please go to www.ipreo.com.SOURCE Ipreo