MTNs: Arguments rage over new league table

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.

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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