NEW YORK, Dec. 16, 2020 /PRNewswire/ -- DirectBooks™,
the capital markets consortium founded to optimize global financing
markets, today announced that Mizuho and Credit Suisse have joined
the DirectBooks platform. Addressing inefficiencies in the
marketplace across multiple communication channels, DirectBooks is
simplifying the primary issuance process through the use of
structured data and streamlined communications.
Mizuho strengthens the DirectBooks platform with its top
ten USD Investment Grade position and
further complements the consortium's presence through its global
strength in capital markets across the Americas, EMEA and
Asia, including its number one
ranking in Japanese Yen Bonds.
Credit Suisse brings to DirectBooks a world-class credit
franchise with a leadership position in both Investment Grade and
Leveraged Finance, spanning the US, European and Asian capital
markets.
"I am excited to continue our network expansion with Mizuho and
Credit Suisse as the first banks to join us since our launch," said
DirectBooks CEO, Rich Kerschner.
"These major dealers are great additions to our platform, and we
look forward to working with them as we expand our global footprint
in 2021."
"Mizuho is proud to join DirectBooks to help lead the evolution
of capital markets by providing an innovative, technology-driven
solution to our corporate and investment banking clients," said
Jerry Rizzieri, President & CEO,
Mizuho Securities USA. "Capital
markets origination has been a major growth driver for the industry
and is core to how we support our clients, thus, this consortium
represents a strategically important next step for the market."
Rob Kay, Head of Americas Debt
Syndicate at Credit Suisse said, "Direct Books represents a
powerful and logical evolution in the primary market for fixed
income. Credit Suisse looks forward to working with DirectBooks to
modernize the new issue process through technology, thereby
benefitting investors and issuers alike."
The DirectBooks platform recently launched with deal
announcement functionality for globally distributed U.S. Dollar
Investment Grade issuances, offering a common set of structured
deal data and document access for institutional investors. Orders
and Allocations functionality will be added next, and the product
set will continue to expand globally with Euro deals. Onboarding of
additional dealers and institutional investors will continue to be
phased in throughout 2021.
ABOUT DIRECTBOOKS
DirectBooks leverages its technology
expertise and market knowledge to optimize global financing
markets. DirectBooks improves the efficiency and accuracy of
communications for underwriters, allowing institutional investors
to focus on their investment process. DirectBooks was formed by 9
global banks, consisting of Bank of America (NYSE:BAC),
Barclays (NYSE:BCS), BNP Paribas (FR:BNP), Citi (NYSE:C), Deutsche
Bank (NYSE:DB), Goldman Sachs (NYSE:GS), J.P. Morgan (NYSE:JPM),
Morgan Stanley (NYSE:MS), and Wells Fargo (NYSE:WFC). For additional
information on DirectBooks, please
visit www.DirectBooks.com.
ABOUT MIZUHO AMERICAS
Mizuho Americas is a leading
financial institution comprising several legal entities, which
together offer clients corporate and investment banking, financing,
securities, treasury services, asset management, research and more.
With professionals in offices throughout the US, Canada, Mexico, Brazil and Chile, Mizuho's operations in the Americas
connect a broad client base of major corporations, financial
institutions and public sector groups to local markets and a vast
global network. Learn more at www.mizuhoamericas.com.
Mizuho Americas is an integral part of the Japan-based Mizuho Financial Group, Inc.
(NYSE: MFG). Mizuho Financial Group is one of the largest financial
institutions in the world, offering comprehensive financial and
strategic services including private banking and venture capital
through its subsidiaries. The group has over 900 offices and 60,000
employees worldwide in nearly 40 countries throughout the Americas,
EMEA, and Asia. As of December 31, 2019, its total assets were
$1.8 trillion. Learn more about
Mizuho Financial Group at www.mizuho-fg.com.
ABOUT CREDIT SUISSE
Credit Suisse is one of the
world's leading financial services providers. Our strategy builds
on Credit Suisse's core strengths: its position as a leading wealth
manager, its specialist investment banking capabilities and its
strong presence in our home market of Switzerland. We seek to follow a balanced
approach to wealth management, aiming to capitalize on both the
large pool of wealth within mature markets as well as the
significant growth in wealth in Asia
Pacific and other emerging markets, while also serving key
developed markets with an emphasis on Switzerland. Credit Suisse employs
approximately 48,800 people. The registered shares (CSGN) of Credit
Suisse Group AG, are listed in Switzerland and, in the form of American
Depositary Shares (CS), in New
York. Further information about Credit Suisse can be found
at www.credit-suisse.com.
MEDIA CONTACTS:
Chris Rodriguez, DirectBooks
Chris.Rodriguez@DirectBooks.com
Jim Gorman, Mizuho
jim.gorman@mizuhogroup.com
Candice Sun, Credit Suisse
candice.sun@credit-suisse.com
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SOURCE DirectBooks