11.   Italy retained the European subsidiaries of Nomura Securities, Daiwa Securities and Nikko Securities to underwrite the bonds.

12.   Japanese authorities arrested five Yamaichi Securities Co. executives and banned the brokerage from underwriting government bonds on suspicion it made illegal payoffs to a corporate racketeer.

13.   J.P. Morgan Securities will underwrite the bonds, they said.

14.   Llama will underwrite the bonds.

15.   Local governments such as the cities of Tokyo, Hiroshima and Osaka and Chiba Prefecture have said they are considering whether to stop hiring Nomura to underwrite their bonds.

16.   Morgan Stanley and Goldman Sachs are leading candidates to underwrite the bonds, the newsletter said.

17.   Of course Lehman Bros. also underwrites bonds, and why Suria was allowed to take Amazon apart limb by limb is a mystery.

18.   SBC Warburg won the right to underwrite the bond by agreeing to sell it on cheaper terms for the borrower.

19.   Shares in securities companies also tumbled because they lent Sammi money and underwrote corporate bonds sold by the company.

20.   Seoul Guarantee is barred from underwriting new bonds with public funds.