| Headline: Eurobond syndicate practises - Transparency or skulduggery? Source: Euromoney Date: February 2000 Author: Marcus Walker Some investment banks in the euro bond market are pushing for underwriting syndicates to disclose their order books. On the surface, it's a technical debate about how to organize bond deals. Underneath, it's a fierce clash about different banks' competence. The argument polarizes US and European firms. Marcus Walker hears the claims and counterclaims, and how the internet might lead to an unexpected solution
Proponents say the pot creates transparency for the syndicate managers and ensures a better quality of distribution for the borrower. |