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Article: No more hogging, Harley tells its 11-time banker.(Harley-Davidson moves securities underwriting to Chase Manhattan)(Brief Article)
- Article from:
- Investment Dealers' Digest
- Article date:
- December 4, 2000
- Author:
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Harley-Davidson Co. has ditched its long-time asset-backed securities underwriter of the last half-decade in favor of new blood, in part due to Chase Manhattan's ambitious salesmanship. It was a market given that any time Harley-Davidson hit the tape in the late 1990s, Salomon Smith Barney had underwritten the offering. The average Harley deal was considered one of the ABS market's small prizes-the deals weren't huge, but were eagerly snatched up by investors. What is more, the deals typically weren't traded in the secondary markets, as investors have tended to buy them and store them away in their portfolios.
With Chase's snatching of the lead-manager role in ...