League Table Wrap April 29, 2005

Little to talk about in equity but debt begins to show signs of revival.

Equity Capital Markets




It has been another sluggish week in the stock markets across Asia with only 11 deals totalling less than $100 million. Two convertible bonds propped volume levels up, but even so there was less than $500 million total issuance for the third week this year.



UBS crept close to leader Merrill Lynch after acting as sole lead on the $250 million convertible bond for YTL Power Finance. This pushed it up to $2.4 billion, just behind Merrill Lynch on $2.5 billion.



The other deal of note for the week was another convertible, a $125 million transaction for India's Amtek Auto. Barclays was bookrunner on the deal, but failed to break in to the top ten.



 


Debt Capital Markets




Issuance in the debt capital markets began to show signs of revival following a four week. One $350 million trade was printed this week for Tenaga Nasional pushing the total for the year through the $10 billion mark. Barclays, Credit Suisse First Boston and Commerce International were joint leads on the transaction.



This deal pushed Credit Suisse First Boston above HSBC into sixth place with $622 million from four deals. Barclays moved to $897 million, but remains in fifth place, $350 million behind UBS in fourth.



JP Morgan continues to lead the table with $2 billion from six deals. Citigroup sits in second with $1.8 billion and Deutsche Bank in third on $1.4 billion.



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