Dragon Capital Named as Best Equity House in Ukraine
Kyiv, July 18, 2006 – International financial magazine Euromoney has named the Kyiv-based investment bank Dragon Capital the Best Equity House in Ukraine for the third year running, demonstrating the bank’s continued leadership on the Ukrainian stock market.
The accolade, one of Euromoney’s Awards for Excellence 2006, which defined financial industry leaders in 20 global categories and across 110 individual countries, became Dragon’s fourth Best Equity House in Ukraine award since 2002. As Euromoney did not select Ukrainian nominees for this category in 2003, Dragon has thus taken each of the four Best Equity House in Ukraine awards presented by the London-based publication so far.
"This year’s equity house award goes to Dragon Capital for its efforts in stimulating the country’s domestic capital markets," Euromoney wrote in the July issue presenting Awards for Excellence 2006. "According to the PFTS, Ukraine’s domestic exchange, Dragon ranked as the largest Ukrainian stockbroker by turnover in 2005."
In addition, Dragon Capital spearheaded the recent boom in Ukrainian IPOs. In December and through the first half of 2006, the bank completed seven IPOs and private placements for Ukrainian companies and banks, having raised USD 220 mil. Over the same period, Dragon helped attract over USD 300 mil. of debt financing for local corporates.
"In January, for example, Dragon arranged a USD 26 mil. IPO for the country’s second-largest car producer, LuAZ, having arranged a USD 27.5 mil. IPO for retail chain Velyka Kyshenya in December," Euromoney wrote.
The two other Ukraine awards from this year’s Awards for Excellence went to Raiffeisen Bank Aval, which was named the Best Bank in Ukraine, and UBS, recognized as the Best Debt House.
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