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Barclays Capital wins six awards at mtn-i's Global MTN Awards

30 Jan 2008

Barclays Capital picked up six awards at mtn-i's Global MTN Awards ceremony earlier this week.

  • Commodity House of the Year (for two consecutive years)
  • FX House of the Year (for two consecutive years)
  • Inflation House of the Year
  • International Structured Note Dealer of the Year
  • Landmark Deal of the Year for iPath ETNs
  • US MTN Issuer of the Year

In addition, the firm was runner-up in two categories: Global Structured Note Dealer of the Year and International Vanilla MTN Dealer of the Year.

Commenting on the awards, mtn-i said:

The leadership position enjoyed by mtn-i's Commodity House of the Year is underlined by the nearly one-third of the asset class's reported global structured sales that it captured last year. Barclays Capital brought its strong fundamental research base to bear on a host of commodity-linked products with appeal across investors bases - exemplified by its iPath suite of jumbo US exchange-traded notes.

While Barclays Capital is mtn-i's FX House of the Year for the second year in a row, the UK firm claims its 2007 award for its leadership in the increasingly key index/systematic product area. Its earlier driver of emerging markets prowess also remains important, however, with new pushes in Gulf and African currencies last year.

mtn-i's Inflation House of the Year resumed its leading role as the asset class went global last year. From Norway to Korea, Barclays Capital met demand for exposure for local and emerging market inflation by opening up new consumer price indices to MTN investors. After a year of consolidation in 2006, the UK firm's resurgence also included the first global inflation index-linker.

Barclays Capital's award as International Structured Note Dealer of the Year recognises its commanding position across its traditional strengths in commodities, currencies and inflation and its significant progress in interest rate products. Moreover, at a time when many firms are increasingly falling back on their own treasuries, it has managed to top multiple league tables while remaining committed to working with a host of counterparties.

Barclays Capital's iPath platform wins a Landmark Deal of 2007 award for setting the global standard in the booming US exchange-traded note (ETN) sector. Its 12 new commodity, currency and equity-linked offerings over the year attracted USD2.75bn of new assets and spawned a host of imitations as they eliminated market barriers and extended the frontiers of the structured product universe.

Barclays wins mti-i's US MTN Issuer of the Year award for its leadership in supplying the world's fastest-growing structured market. Strikingly, the UK bank was the US's leading issuer of retail-targeted structured notes in 2007, raising USD8.6bn from more than 1,100 SEC-registered deals. This achievement was all the more remarkable in view of its lack of captive distribution.

 

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