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Capital Access Promotes Top Buyers, Brokers and Issuers of Corporate Bonds In New Book

MURRAY HILL, N.J., Sept. 22 /PRNewswire/ -- Capital Access, an information services company specializing in fixed-income research, announced the publication of its Corporate Bond Desk Reference, a book which profiles institutional participants in the corporate bond market. Featured "League Tables" provide valuable insight to the corporate fixed-income market: the top buyers, brokers and issuers of corporate debt held by U.S. mutual funds, insurance companies and leading pension funds.

According to Capital Access CEO David Farrington, "Corporate bonds continue to play an important role in the world of finance. Initial offerings and seasoned bonds are integral structures in thousands of portfolios. Our Corporate Bond Desk Reference is an accurate and comprehensive reflection of the many participants in the market. The corporate bond League Tables clearly demonstrate the size and scope of the market."

While the Corporate Bond Desk Reference provides profile information on the buyers of corporate bonds, the data collection stage revealed some interesting background on the leading institutional buyers, brokers and issuers in various corporate bond structures. For example, insurance companies are big purchasers of investment grade corporate bonds. Prudential Capital Management Group with nearly $28.5 billion par amount leads the list of institutional corporate bond buyers. Metropolitan Life Insurance Company ($26.9 billion) and American General Corporation ($20 billion) follow Prudential.

With a par amount of $5.8 billion invested in high yield corporate bonds, Fidelity Management & Research leads the list of high yield bond buyers. American Express Financial Advisors with $4.8 billion follows Fidelity. Tables for leading buyers of private placement, non-U.S. and convertible bonds are also included in the Corporate Bond Desk Reference.

On the sales side, Goldman Sachs, Merrill Lynch and Morgan Stanley topped the League Tables of leading brokers in investment grade, high yield, private placement, non-U.S. & convertible bonds.

Ford Motor Company crowns the list of the top 25 issuers of institutionally held corporate debt. Ford-issued debt is held by 932 managing firms in 2,166 sub-accounts -- for a par outstanding of $18.4 billion. Another auto giant, General Motors is the second largest corporate debt issuer with nearly $12.6 billion held in U.S. mutual funds, insurance companies and pension funds. Bank America takes slot number three with $12.5 billion in outstanding corporate debt. The remainder of the top 25 list comprises a large number of financial institutions although retailer Sears Roebuck placed tenth ($5.73 billion) and Coca Cola 23rd ($3.79 billion). Other League Tables detail top issuers among specific corporate debt structure categories such as investment grade, high yield, medium term notes and convertibles.

Detailed information about the institutional corporate bond market participants is available in the Corporate Bond Desk Reference published by Capital Access. It profiles firms active in the corporate debt market. This guide to the buyside and sellside universe of corporate bond participants is available for $395.

Capital Access, founded in 1989, is the premier data research and information services company supporting the information needs of broker/dealers, underwriters and debt issuers worldwide. It is the only firm that supports the information needs of the fixed-income community exclusively. The company maintains a detailed database of investor profiles, bondholdings and transaction data. The popular MAXX(TM) data and software program is used by hundreds of institutional salespeople, traders and marketers to manage sales and trading opportunities, and to retrieve information on bonds and bondbuying firms around the world. The firm also produces directories, reports and surveys on trends in the fixed-income marketplace. Capital Access is headquartered in Murray Hill, New Jersey and has regional offices in London and Paris.

You can obtain information about the Corporate Bond Desk Reference or other Capital Access fixed-income information services by contacting Paula Siwczak at 800-866-5987 or

SOURCE Capital Access International
 -0- 09/22/97

/CONTACT: Paula C. Siwczak of Capital Access, 908-771-0800, fax, 908-771-0330, or, or web site: /

CO: Capital Access International ST: New Jersey IN: FIN SU: PDT

CH-KH -- NYM011 -- 5334 09/22/97 07:30 EDT
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Publication:PR Newswire
Date:Sep 22, 1997
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