Credit Suisse First Boston held tight to its No. 1 spot in the public and Rule 144A asset-backed market, underwriting $37. 8 billion in 1999, according to preliminary findings from Thomson Financial Securities Data.
CSFB issued 180 deals year-to-date and is responsible for a 14.5 % share of the market for 1999. Of the combined total, 102 were public deals.
Close on the heels of CSFB, with $35.1 billion in proceeds, Salomon Smith Barney pulled off the No. 2 spot.
Though Salomon did $7.8 billion in deals in the fourth quarter, for a 17.6% market share (compared with CSFB's $4.2 billion, 9.5% market share) it wasn't enough to edge them into the year-end lead. However, overall, Salomon's second place spot is a hike from the No. 4 spot they held last year.
Lehman Brothers, meanwhile, finished close behind Salomon, with proceeds nearing $34.6 billion in the combined markets. With a 13.3% market share in 1999, Lehman leapt up from the No. 5 ranking in 1998. Though third overall, Lehman pulled in first for proceeds in Rule 144A transactions in 1999 with $10.5 billion worth of business.The above figures are preliminary, and may be adjusted by SDC for next week's recap, which will include complete League Tables. - JL
