Deutsche Bank has continued its dominance of Asia’s largest G3 bond market, finishing top of the Korean league table for the first half of 2009, according to Bloomberg. Widely seen as home to some of the region’s most sophisticated and demanding clients, the Bank’s performance in Korea clearly illustrates the strength of its local DCM franchise and broader regional debt platform.

As an export-driven economy that is home to some of the largest companies in Asia, Korea has a natural need for US-dollar funding. The Republic currently accounts for 73% of all primary issuance in 2009, with Deutsche present on six of the nine benchmark G3 debt transactions.

Korea is likely to continue dominating new issuance in the second half of the year, as the country’s exporters remain hungry for US-dollar funding and the cost of borrowing offshore remains relatively competitive compared to onshore markets.