It was convertibles week in the Asian markets last week with five of the top six deals being taken up by equity-linked trades. Issuance was low at just $892 million for the week, well below the peak of $3.8 billion recorded in the third week of January.
Goldman Sachs retains its top position, but Merrill Lynch and Morgan Stanley are within touching distance after running the books on the $400 million convertible for Tata Motor. This moved Morgan up to $3.2 billion from 11 transactions, just $23 million behind Goldman, while Merrill sits in third with $2.9 billion.
The only movement in the table came at the bottom where Citigroup and HSBC...
