In a differentleague
The issue of bookrunner league tables is one of the corporate bond market’s perennialbugbears. In an effort to unearth a metholodogy that accurately reflects more than justvolume of deals, Credit has come up with a few variations on a theme
Last month Credit asked whether a new issue league table could be produced that gave more insightful information than merely which bank has brought most bonds to market. While such information is interesting in an academic sense, Credit argued it is not really useful in any practical sense to any of the interested parties. Rather, the present league tables disrupt the market, banks waste money
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