BOND ORIGINATION
The euroland playground is getting shaken up. A group of small but reputable European banks are getting together in an attempt to wrest back at least part of their former market share from the global banks who now dominate the market for bond underwriting.
The advent of the euro and the popularity of jumbo issues left these institutions unable to underwrite the major transactions and pushed them into the junior role of distributing to the European retail market.
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