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UTI Bank `top arranger' in H1

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Nilanjan Dey

Kolkata, Nov. 16

FOR arrangers, the debt placement sweepstakes are changing rapidly. UTI Bank, followed by I-Sec and AK Capital, now leads the rankings chart, which has lately seen pronounced ups and downs.

The league tables released by Prime Database have put UTI Bank as the No. 1 player considering all categories of issuers and all types of instruments - bonds, NCDs and pass through certificates.

UTI Bank, which has accounted for Rs 14,736 crore, has topped the rankings that have covered 170 private placements in all, the aggregate issue amount being Rs 31,086 crore.

For I-Sec and AK Cap, the amounts are respectively Rs 13,041 crore and Rs 10,112 crore. The number of issues handled by them is 42 and 26 respectively, while that for UTI Bank it is 40. The period under consideration here relates to the half-year ended September 30.

The players that have followed these entities are Centrum, Standard Chartered Bank, Darashaw and Allianz, in exactly that order. At the other end of the spectrum, each with only one issue to its credit, are IDBI, Canara Bank and BOBCaps. A.K. Cap has topped the score-sheet when it comes to catering to public-sector banks/PSUs. The total number of issues in this segment is 21, the aggregate issue amount being Rs 8,888 crore.

UTI Bank, Centrum and I-Sec bring up the rear in the PSB segment, handling 10, 11 and 7 placements respectively compared to the dozen issues accounted for by AK Cap. The latter, incidentally, has also emerged as the top player when it comes to State-level undertakings. Here, there are 15 issues in all, the issue amount being a modest Rs 4,990 crore.

The arrangers, according to Prime Database, range from foreign banks such as HSBC and Deutsche Bank to local bankers such as ICICI and UTI as well as private sector entities such as SPA and RR Fin. Merchant banking arms of SBI and IDBI are also included.

(This article was published in the Business Line print edition dated November 17, 2005)
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