| Bookrunner/ lead dealer on non-syndicated MTNs | |||
| January 1 to February 25 1997 | |||
| Rank | Dealer | Amount (US$ bn) | No. of issues |
| 1 | Merrill Lynch | 1.632 | 17 |
| 2 | UBS | 1.627 | 50 |
| 3 | Sumitomo Finance | 1.135 | 62 |
| 4 | JP Morgan | 1.044 | 20 |
| 5 | Yamaichi | 0.980 | 5 |
| 6 | Nikko | 0.931 | 24 |
| 7 | Morgan Stanley | 0.797 | 12 |
| 8 | Daiwa | 0.758 | 7 |
| 9 | Lehman Brothers | 0.638 | 45 |
| 10 | Salomon Brothers | 0.618 | 8 |
| Significant others… | |||
| 15 | CSFB | 0.311 | 2 |
| 23 | DMG | 0.153 | 6 |
| 33 | Goldman Sachs | 0.041 | 3 |
| Source: Euromoney Capital Data MTNWare | |||
It’s not often that a league table for a major capital markets sector features firms like Wako Securities, Kokusai Securities and Caja de Madrid above Goldman Sachs. But the MTNWare bookrunner league table for the first two months of 1997 does. It’s the league table, generated by Euromoney and Capital Data, that the whole market is arguing over: the table of MTN trades.
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