The Capital Markets department provides a wide range of high-quality services customized to meet client needs, including primary underwriting, derivative transactions, and advice on financial risk.

• Capital Markets Products

BNP Paribas' extensive experience in managing foreign-denominated Japanese bond issuance for both corporations and government-related agencies, has helped us earn recognition as a leader among foreign investment banks in Japan. Transactions are managed, including US dollar, Euro, British pound, Swiss franc and JPY-denominated bond issuance.

A recent example of our capabilities includes our role as bookrunner in June 2008 of the government-backed $1.5billion global bond offered by the Japan Bank for International Cooperation, which is the largest transaction in the issuer's history. We have also established a strong presence in the domestic bond underwriting market as well, having acted as bookrunner for numerous issuances of utility and corporate bonds. In fiscal 2008 BNP Paribas ranked 9th in terms of total amount underwritten in Japanese corporate bonds, which ranks in the top three positions among foreign underwriters.

In Japan
The Capital Markets Department provides its clients with financing solutions, focusing on : bond underwriting; structuring and arranging securitisation transactions; structuring financial risk management strategies.

Our extensive involvement in international debt issuance denominated in a variety of currencies including Euro, US Dollar, British Pound, Swiss Franc, and Japanese Yen etc. for Japanese corporates and government financial agencies has helped us achieve recognition as a leader among international bond underwriters.

In June 2008, we jointly lead managed a USD1.5billion global bond issue for Japan Bank for International Cooperation (JBIC), the largest Japanese government guaranteed bond issue ever. We have also established a strong presence in the domestic bond markets, having acted as lead manager for numerous issuances of corporate bonds. In fiscal year 2008, we ranked ninth overall and third among non-Japanese houses in the domestic corporate bond markets.