NEW YORK, June 7, 2021 /PRNewswire/ -- DirectBooks, the
capital markets consortium founded to optimize global financing
markets, today announced that Scotiabank, Rabo Securities and
Huntington Capital Markets have joined the DirectBooks platform.
The addition of these dealers increases the sell-side participation
to fifteen firms. The platform was launched in Q4 2020 with deal
announcement functionality for U.S. Dollar Investment Grade
issuances globally with the recent addition of Euro and Sterling
deals in April 2021. Onboarding of
additional underwriters and institutional investors will continue
throughout 2021.
"DirectBooks is excited to welcome Scotiabank, Rabo Securities
and Huntington, as we continue on
our path to establishing a broad and diverse global community of
underwriters," said DirectBooks CEO, Rich
Kerschner.
"Scotiabank is committed to meeting the evolving needs of our
clients and to providing a best-in-class client experience," said
Paul McKeown, Managing Director and
Head of U.S. Debt Capital Markets, Scotiabank. "We are pleased to
have the opportunity to leverage this integrated solution from
DirectBooks that advances the new issuance process, which will help
us provide greater support for our clients."
"Rabo Securities is very pleased to join DirectBooks. We are
constantly looking for innovative ways to support our clients, and
this platform is a logical next step in the evolution of capital
markets," said Jan Hendrik de
Graaff, Head Investment Grade Capital Markets, Rabo
Securities. "We're excited to offer institutional investors an
enhanced service and new issuance experience."
"As the new issuance market continues to evolve, Huntington is committed to participating in
solutions that simplify and automate processes for our clients,"
said Matt Milcetich, Executive
Managing Director of Huntington Capital Markets. "We are
excited to join the DirectBooks community to streamline the deal
process and bring greater efficiencies to the primary market."
DirectBooks is simplifying the primary issuance process for
fixed income by streamlining communications workflows for
underwriters and institutional investors. The platform will
continue to expand with the capability to optimize the
communications of order and allocation information, hedging
instructions and final deal documentation. High Yield and Emerging
Markets issuances will be added to the platform later this
year.
ABOUT DIRECTBOOKS
DirectBooks leverages its technology
expertise and market knowledge to optimize global financing
markets. We are simplifying the primary issuance process for fixed
income by streamlining communications workflows for underwriters
and institutional investors. 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), Wells Fargo (NYSE: WFC). A complete list of
participating underwriting firms can be found on our website. For
additional information, please visit www.DirectBooks.com.
ABOUT RABOBANK
Rabobank Group is a global financial
services leader providing wholesale and retail banking, leasing,
and real estate services in more
than 40 countries worldwide. Founded over a century
ago, Rabobank today is one of the world's largest banks
with over $640 billion in assets. In the
Americas, Rabobank is a premier bank to the food, agribusiness and
beverage industry, providing sector expertise, strategic counsel
and tailored financial solutions to clients across the entire food
value chain. Securities-related activities are conducted
through Rabo Securities USA, Inc.,
Rabobank's U.S.-registered broker-dealer. Additional information is
available on our website or on our social media
platforms, including Twitter and LinkedIn.
ABOUT HUNTINGTON CAPITAL
MARKETS
Huntington Bancshares Incorporated is a regional
bank holding company headquartered in Columbus, Ohio, with $126 billion of assets and a network of 814
full-service branches, including 11 Private Client Group offices,
and 1,314 ATMs across seven Midwestern states. Founded in 1866, The
Huntington National Bank and its affiliates provide consumer, small
business, commercial, treasury management, wealth management,
brokerage, trust, and insurance services. Huntington also provides vehicle finance,
equipment finance, national settlement, and capital market services
that extend beyond its core states. Visit huntington.com for more
information.
MEDIA CONTACT:
Chris Rodriguez
Chris.Rodriguez@DirectBooks.com
(848) 888-7704
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SOURCE DirectBooks