2001
February: A formal agreement regarding Sakura Securities’
transfer of its entire business to Daiwa Securities SB Capital Markets (Daiwa SBCM) is reached.
April: The merger between Daiwa SBCM and Sakura Securities is completed successfully. On 1 April 2001 Daiwa SBCM changes its name to Daiwa Securities SMBC (full legal name Daiwa Securities SMBC Co. Ltd.). Daiwa Securities SMBC is now a joint venture owned 60% by Daiwa Securities Group Inc. and 40% by the Sumitomo Mitsui Financial Group, Inc.
In line with the name change of its 100% parent company, on 2 April Daiwa SBCM Europe becomes Daiwa Securities SMBC Europe Limited ("DSEL", or "the Company").
Daiwa Securities SMBC Europefs NEC Global Convertible Bond issue marks an outstanding achievement with significantly oversubscribed international demand. The issue is awarded gDeal of the Year 2000h for equity transactions by Japanfs gNikkei Newsletter on Bond and Moneyh, and gEquity-linked Bond Deal of the Yearh by Thomson DealWatch.
Daiwa Securities SMBC Europe Limited becomes one of the first foreign investment banks to advise on the sale of an interest in a Turkish private bank to a strategic investor.
Following the Companyfs successful co-leading of a seven year ¥60 billion Samurai issue for the Republic of South Africa, gSamurai Bond of the Year 2001h is awarded to this issue by IFR.
2002
IFR presents the prestigious gAgency/Supranational Bond of the Year 2002h award to DSEL for an African Development Bank $500 million deal.
In the Samurai sector, the Company continues to excel and BMWfs inaugural ¥45 billion issue wins EuroWeekfs gBest Yen Deal of the Year 2002h.
Despite difficult market conditions, DSEL acts as global coordinator for four major IPOs by Japanese issuers, demonstrating strength in the distribution of Japanese equity offerings.
2003
The financial year 2003-4 sees an extremely strong financial performance for DSEL as the company accumulates a number of awards. In particular, it is voted one of the gmost impressive banks in dollarsh in EuroWeekfs annual review. The ¥25 billion Samurai for Republic of Poland and the groundbreaking ¥60 billion Lower Tier 2 EuroYen for HBOS plc are both voted as the top overall Yen deals of the year by EuroWeek. Further, IFR awards gSamurai Bond of the Yearh to the Volkswagen Financial Services N.V. ¥50 billion Samurai.
The Company also increases its presence in Central and Eastern Europe by advising on the sale of the $455 million strategic stake in Hungarian Postabank and the strategic sale of the $222 million stake in Banca Comerciala Romana to IFC and EBRD.
2004
With continuing improvement in the Japanese economic situation, all divisions see good results. IFR names Daiwa Securities SMBC Europe as the gEuroyen/Global Yen Bond House of the Year, 2004h.
The Company also acts as Joint Global Coordinator for Japan Tobaccofs ¥244 billion follow-on privatisation issue and Sole Global Coordinator for Sumitomo Corporation's ¥104 billion Global Offering.
Daiwa Securities SMBC Europe scores a notable success by winning the mandate as Joint Arranger and Documentation Manager of a Public Offering Without Listing (POWL) in Japan, as well as part of the €7.6 billion Global Offering of Enel shares by the Italian Government.
2005
The Company starts Credit Derivative business in February 2005.
Dominance in Uridashi distribution is noted by EuroWeek, which votes the NZ$752 million two-year bond the gBest Uridashi of the Year 2005h.
2006
All divisions see strong growth and good profits at the end of the 2005-6 financial year. The company continues to look to strengthen global, Japan and Asia-related business and to work closely with SMBC.
January: Daiwa Securities SMBC Co Ltd opens a representative office in Thailand.
February: Daiwa Securities SMBC Co Ltd opens a representative office in India.
In April, the Daiwa Securities Group announces its new three year mid term management plan - Passion for the Best 2008. Daiwa Securities SMBC Co Ltd aims to become the best Japanese Investment Bank with a first class international reputation.
Daiwa Securities SMBC Europe is voted gBest Samurai Bond House of the Yearh by Finance New Europe.
As sole financial advisor to the Romanian Government DSEL successfully negotiates the €3.75 billion sale of a 62% stake in Banca Comerciala Romana, the largest Romanian bank.
