Despite just nine deals being priced last week a total of $2.2 billion was raised. The largest deal of the week was the $1.7 billion offering for China Telecom Corp run by Morgan Stanley, CICC and UBS. The credit from the transaction helped Morgan Stanley to displace long time leader Goldman Sachs at the top of the table.
UBS was also able to move up into third, pushing Merrill Lynch out of the top three. Credit Suisse First Boston and Lehman Brothers acted as joint bookrunners on the only other deal of note, the $330 million follow on for SK Telecom. This pushed CSFB into eighth place, although Lehman Brothers sits...
