In a lacklustre week, Morgan Stanley was able to extend its lead over second place Goldman Sachs. The US house broke through the $4 billion barrier for the year this week.
On Thursday it priced a $260 million convertible issue for Shin Kong Financial Holdings. This will be followed by an IPO of up to $170 million for China Mengniu Dairy Co on which it is acting as joint books with BNP Paribas Peregrine.
It was also a successful week for the French bank as it priced an $85 million follow on for Weiquiao Textiles of China. This pushed it up to 17th in the table with $491 million.