Top Two Firms Took 25% of the Negotiated Market in 2004

January 2005
Bond Buyer;1/11/2005, Vol. 351 Issue 32047, p6
Trade Publication
The article reports that two top firms took the negotiated market in 2004. Most bankers are more concerned about the negotiated business because it can lead to profits in various areas. Negotiated deals typically pay more per bond than underwriting fees on competitive deals, be added. UBS Financial Services Inc.'s rise to the top is a signal that USB municipalities are willing to deal with foreign banks. These issuers are American authorities, cities, and states. Citigroup Global Markets Inc. focuses primarily on larger transactions, while UBS focuses on both large and small.


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