S&P Global Market Intelligence expands Equity Bookbuild to Japanese Capital Markets Clients

Rhea-AI Summary

S&P Global Market Intelligence has expanded its Equity Bookbuild solution to Japan, marking its first geographic expansion to this significant market. This web-based utility simplifies operational and regulatory tasks for new issuance and has been utilized in the U.S. market for nearly two decades. The platform allows for real-time sharing of deal terms with a vast bank community and enhances operational efficiency. Collaboration with top Japanese investment banks has started, with domestic deals already executed and plans for joint global deals. This expansion demonstrates S&P's commitment to globalizing its solutions.

Positive

• Expansion of Equity Bookbuild to Japan, a major capital market.
• Collaboration with top Japanese investment banks enhances market presence.
• Real-time deal term sharing increases operational efficiency.

Negative

• None.

NEW YORK, April 17, 2023 /PRNewswire/ -- S&P Global Market Intelligence, a division of S&P Global (NYSE: SPGI), has expanded its Equity Bookbuild new issuance solution to Japan. This marks the first geographic expansion of the web-based utility, which has been utilized by global banks for new issuance in the U.S. market for nearly two decades.

Equity Bookbuild provides a single point of entry to execute numerous operational and regulatory tasks associated with new issuance, while building a comprehensive and centralized repository of activities to analyze deal performance. The utility features direct connectivity to an expansive bank community, enabling real time sharing of deal terms, orders and allocations while its unique reconciliation process for joint institutional order management maximizes efficiency.

"Equity Bookbuild is an essential resource for all capital markets users to manage the complexities and fluidity of new issuance markets," said John Barneson, Head of Network and Regulatory Solutions, S&P Global Market Intelligence. "The expansion of Equity Bookbuild to the Japanese capital market illustrates S&P Global Market Intelligence's commitment to globalizing the solution across all geographies, with significant investment into platform localization and resource concentration."

To enable the solution expansion in Japan, S&P Global Market Intelligence collaborated with top Japanese investment banks to implement the utility as their software for new issuance execution. The banks were onboarded simultaneously to ensure real-time interoperability with dealmaking. Execution of domestic deals via the platform has already begun, and the banks are preparing to utilize the application for joint global deals in the future.

"We are pleased to offer Equity Bookbuild for equity new issuance in the Japanese capital markets, one of the largest capital markets in the world," said Seiichiro Miyaoka, Head of Global Markets Group Asia Pacific, S&P Global Market Intelligence. "Users will be able to leverage the solution to directly connect with participating banks to share vital deal information and drive efficiency in their new issuance process."

S&P Global Market Intelligence's opinions, quotes, and credit-related and other analyses are statements of opinion as of the date they are expressed and not statements of fact or recommendation to purchase, hold, or sell any securities or to make any investment decisions, and do not address the suitability of any security.

About S&P Global Market Intelligence

At S&P Global Market Intelligence, we understand the importance of accurate, deep and insightful information. Our team of experts delivers unrivaled insights and leading data and technology solutions, partnering with customers to expand their perspective, operate with confidence, and make decisions with conviction.

S&P Global Market Intelligence is a division of S&P Global (NYSE: SPGI). S&P Global is the world's foremost provider of credit ratings, benchmarks, analytics and workflow solutions in the global capital, commodity and automotive markets. With every one of our offerings, we help many of the world's leading organizations navigate the economic landscape so they can plan for tomorrow, today. For more information, visit www.spglobal.com/marketintelligence.

Media Contact 

Katherine Smith
S&P Global Market Intelligence
+1 781-301-9311
katherine.smith@spglobal.com

 

 

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SOURCE S&P Global Market Intelligence

FAQ

What is the new development for S&P Global (SPGI) as of April 2023?

S&P Global Market Intelligence has expanded its Equity Bookbuild solution to the Japanese capital markets.

How does the Equity Bookbuild solution benefit capital markets users?

It provides a centralized repository for transaction activities and enables real-time sharing of deal terms, enhancing efficiency.

What has S&P Global achieved with the launch of Equity Bookbuild in Japan?

The launch marks S&P Global's first geographic expansion of the Equity Bookbuild solution into a significant Asian market.

Which banks are collaborating with S&P Global for the Equity Bookbuild expansion?

S&P Global has collaborated with top Japanese investment banks to implement the Equity Bookbuild solution.