In a differentleague

League tables


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 buying position in them and borrowers choose the most prolific bookrunner, not necessarily the best.


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