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| Leading bookrunners of asset-backed Euromarket issues | ||
| Rank | Bookrunner | $bn |
| 1 | Credit Suisse First Boston | 12.7 |
| 2 | Deutsche Bank | 9.1 |
| 3 | Lehman Brothers | 5.5 |
| 4 | Merrill Lynch | 3.9 |
| 5 | Goldman Sachs | 3.0 |
| 6 | HypoVereinsbank | 2.6 |
| 7 | Nomura | 2.4 |
| 8 | Société Générale | 1.9 |
| 9 | Morgan Stanley | 1.7 |
| 10 | JP Morgan | 1.1 |
| Source: Capital Data Bondware, January to June 1999 | ||
Of all the growing asset classes in the European capital markets, asset-backed finance has been one of the most hyped. In the US it is a mature market where the culture of consumer credit and a large amount of non-bank mortgages provide ample revenue streams for securitization, but issuer and investor interest elsewhere has been lacking.
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