Indian deals dominated the market this week with four of the top five deals coming from the sub-continent. Leader Merrill Lynch maintains its number one status, but UBS is hard on its heels. The largest offering was the $700 million follow on for Punjab National Bank. Bookrunners comprise ICICI Securities, DSP Merrill Lynch, Enam Financial Consultants and Kotak Mahindra Finance.
UBS made up ground at the top of the table after acting as sole lead on the $560 million block for Bharti-Televentures. It also joined forces with Merrill Lynch and Morgan Stanley to run the $400 million ADR for ICICI Bank. This pushed it up to $1.8 billion from 13 deals...
