| 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.