League Table Wrap May 28

Dealflow continues to be sluggish in both the equity and debt capital markets.
Equity Capital Markets

Only a handful of deals were completed in the Asian market this week and just one breached the $100 million barrier. Credit Suisse First Boston and Lehman Brothers ran the books on this transaction: a $330 million convertible for SK Telecom. This allowed Morgan Stanley to extend its lead at the top of the table over Goldman Sachs to $424 million with $3.8 billion from 15 deals. There was no change in the rest of the top five but CSFB was able to clamber up one place to seventh, replacing Kotak Mahindra Finance. Deutsche Bank priced the second largest issue of the week, the $50m convertible for Tomson. Despite the inactivity of JP Morgan in fifth, the German House was unable to move into the top half of the table. With a number of large deals slated to come to the market in the near future, there are plenty of opportunities for banks to move up the table before the second quarter ends. DCM The first international G3 issue in almost three weeks was priced on Tuesday. Citigroup and Deutsche Bank ran the books on the $500 million trade. This enabled these two houses to consolidate their standings at the top of the table. Citigroup is currently marginally ahead by $90 million with Deutsche Bank some $300 million ahead of UBS in third spot.