International Bond Issues: Arrival of the euro

There may still be 10 months before the euro is officially born, but in the international debt markets there is already a glut of euro activity. As Thomas Keller, treasurer at Landeskreditbank Baden-Württemberg (L-Bank), emphatically puts it: "The euro is coming."

Bookrunners – €/Ecu deals, Jan 1 to Feb 26 1998
Rank Manager or group Amt € m Iss. % Share
1

Banque Paribas

8,426

10

73.26

2

SBC Warburg Dillon Read

6,475

6

56.30

3

JP Morgan

5,250

3

45.65

4

Banco Santander de Negocios

1,000

1

8.69

4

Barclays de Zoete Wedd

1,000

1

8.69

4

Credit Suisse First Boston

1,000

1

8.69

4

Deutsche Morgan Grenfell

1,000

1

8.69

4

Salomon Smith Barney International

1,000

1

8.69

9

Banque Nationale de Paris

750

1

6.52

10

Merrill Lynch

300

1

2.61

Source: Capital Data Bondware

There may still be 10 months before the euro is officially born, but in the international debt markets there is already a glut of euro activity. As Thomas Keller, treasurer at Landeskreditbank Baden-Württemberg (L-Bank), emphatically puts it: “The euro is coming.

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