1981
Daiwa Europe Limited is launched with capital of £5
million (Daiwa Europe N.V. London branch is closed the same
day, 2 March).
In June, Daiwa Europe Limited underwrites a £50 million issue of convertible bonds for Nissan. The issue is the largest so far issued through the London market.
Daiwa Securities Economic Institute, later to become DIR (Daiwa Institute of Research) is established in Tokyo.
1982
Daiwa underwrites an Asia-dollar warrant bond.
Banks are allowed to sell municipal bonds over the counter.
Daiwa Europe Limited is granted LIFFE membership in September.
Daiwa Securities opens offices in Seoul and Beijing.
1983
Banks are allowed to sell medium- and long-term government
bonds.
First borrowing in Japan by the world’s then largest financial institution - Credit Agricole.
1984
As large number of bonds near maturity, banks are allowed
to open municipal bond dealing departments in order to keep
the market stable.
The first yen/dollar dual currency bonds is issued by Ford Motor Credit. The first private euroyen is issued by Sears Roebuck.
1985
Daiwa underwrites a euroyen certificate of deposit (Singapore)
and a dollar-denominated bond (Tokyo). Such issues helped
to invigorate the market and established Daiwa as a leading
international underwriter.
Daiwa is lead manager for first yen-denominated bond issue in the US market.
1986
The first European warrant is issued by Studen Loan Kartket
Association.
The first Nikkei stock average linked bond is issued by Swedish Export Credit Bank and receives an award from Institutional Investor magazine.
Daiwa begins home trading services in Japan.
In November Daiwa Europe Limited (DEL) becomes a member of the London Stock Exchange.
Daiwa Securities America becomes the first Japanese company to underwrite a bond by an American issuer on the American capital markets.
Daiwa Europe Finance Limited is established in London.
1987
The capital of Daiwa Europe Limited (DEL) is increased from
£5 million to £35 million.
The first Daimyo and euroyen CP issues are
brought to market.
Daiwa Europe France S.A. is established.
Daiwa Europe Computer Services Limited, a UK subsidiary, is established.
Daiwa Europe Limited is lead manager for the Swedish Export Credit Bank euroyen CP programme.
1988
The first issue of JGB warrants.
Daiwa Europe (Gilts) Ltd is established with capital of £10 million.
The Madrid office of Daiwa Securities opens.
Daiwa Securities Canada, Daiwa Middle East, Daiwa Europe Belgium are established.
Daiwa Europe Finance Limited changes its name to Daiwa Europe Bank.
1989
Daiwa becomes the first Japanese securities house to issue
a fixed price re-offer sovereign issue for Austria.
Daiwa negotiates with Finance Ministry to permit a public
offer without listing (POWL - public offering without listing).
Daiwa Europe Limited enters into business collaboration for M&A business with IFIL (Italy).
1990
Daiwa Europe Limited becomes the first Japanese house to make
markets in eurosterling - the first eurobond issue using a
partial World Bank guarantee under the Expanded Co-Financing
Operations (ECO) concept for the Hungarian State Development
Institute.
Daiwa Europe Property Plc is established in September.
Daiwa Securities is listed on seven stock exchanges in Europe: London, Paris, Zurich, Frankfurt, Amsterdam, Brussels, and Luxembourg.
Daiwa Europe Bank opens a Dublin branch.
Daiwa Europe Limited ranks first on underwritten euro CP and in number of dealerships (IFR magazine).
During 1990 Daiwa Europe Limited enters
into business collaboration for M&A business with UI (France).
Daiwa Europe Corporate Services Limited is established.
Daiwa Europe Investment Services (Jersey), a subsidiary of
Daiwa Europe Limited, is established.
Daiwa Europe Limited is a Japanese lead in the privatisation of British Water and is first among Japanese investment banks to start market-making business in eurobonds.
Daiwa Europe Corporate Services Ltd changes name to Daiwa Europe Strategic Advisory Ltd. Daiwa Europe Property establishes a 100%-owned subsidiary, Daiwa Europe Leasing plc.
