Controversial though they are, MTN league tables cannot be ignored and Merrill Lynch, Euromoney MTN House of the Year, tops them all. It is way ahead in terms of programmes arranged, presence on dealer groups and as a bookrunner of non-syndicated MTN issues.
“Most houses tend to focus solely on the MTN new-issue side,” says Scott Church, Merrill’s head of Euro-MTN origination. “We balance both programme arranging and product development on the one hand and MTN new issues on the other.
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