CSFB top high yield underwriter year to date

* High yield issuance $24.96 billion year to date

* UBS top high yield underwriter in April

* High yield issuance $7.38 billion in April

New York, April 30 - Credit Suisse First Boston remained number one among underwriters of high-yield bonds for the year so far, according to data compiled by Prospect News.

But for the month of April, UBS Warburg came in first, although by a narrow margin of just $44 million over number-two placed Salomon Smith Barney.

CSFB, which was also first in February, March and for 2001 as a whole, has brought to market $3.869 billion of junk bonds for the year through the end of April (with bonds included on their settlement date).

Salomon, which ranks second, has brought $3.065 billion, according to the Prospect News data.

UBS Warburg was helped to first place for April by the current enthusiasm for homebuilders. It was sole bookrunner on $350 million for Beazer Homes USA, Inc. and $200 million for WCI Communities, Inc.

Overall issuance for April was $7.381 billion, very similar to the $7.738 billion recorded for April 2001.

However year-to-date issuance of $24.958 billion remains significantly below the $33.291 total at the same point last year, a 25% decline.

Average deal size is much smaller as well at $240 versus $340.

2002 Year To Date

2001 Comparables

	Underwriter	Amount	No.	Rank	Amount	No.
1.	CS First Boston	3,868.60	26	2	5,535.75	23
2.	Salomon SB	3,064.77	22	1	5,676.08	20
3.	Deutsche Bank	2,842.02	16	7	2,517.68	12
4.	Banc of America	2,793.77	22	8	2,217.20	13
5.	JP Morgan	2,603.43	19	9	1,798.80	9
6.	UBS Warburg	2,162.91	12	10	1,190.40	6
7.	Lehman	1,881.04	9	6	2,629.38	12
8.	Goldman Sachs	1,496.85	4	4	3,494.65	10
9.	Morgan Stanley	1,228.13	8	3	3,512.48	11
10.	Merrill Lynch	887.78	6	5	2,826.12	10
11.	Dresdner KW	519.80	4	-	-	-
12.	Bear Stearns	435.91	3	11	1,153.20	6
13.	CIBC	343.88	4	-	-	-
14.	Wachovia	299.47	4	-	-	-
15.	TD Securities	225.00	1	13	275.00	2
	Total	$24,957.99	104	$33,291.73	98
	Average size	$239.98	$339.71
April 2002
					2001 Comparables
	Underwriter	Amount	No.	Rank	Amount	No.
1.	UBS Warburg	1,157.50	7	7	378.30	22
2.	Salomon SB	1,113.33	7	5	542.23	3
3.	JP Morgan	1,030.44	8	9	230.00	2
4.	CS First Boston	977.90	9	1	2,592.50	8
5.	Banc of America	806.76	7	10	212.50	2
6.	Lehman	700.00	3	6	410.53	2
7.	Deutsche Banc	595.43	4	-	-	-
8.	TD Securities	225.00	1	-	-	-
9.	Bear Stearns	200.00	1	4	733.43	4
10.	Merrill Lynch	200.00	2	3	1,050.00	3
	Total	$7,381.32	35	$7,738.10	25
	Average size	$210.89	$309.52
Prospect News High Yield Underwriter Rankings

Criteria

* The tables include all dollar-denominated offerings sold in the U.S. as public or Rule 144A deals reported to Prospect News.

* Issues maturing in 397 days or less are excluded.

* Convertibles, trust preferreds, capital securities and preferred stock are excluded.

* Fixed-rate medium-term notes with a face value above $100 million are included. All other MTNs are excluded.

* Deals rated investment-grade by either Standard & Poor's or Moody's Investors Service are excluded but deals not rated by both are included.

* Offerings are included in the time period in which they settle.

* Amounts are based on the total sales price (face amount multiplied by the offering price). The full amount is credited to the bookrunner. For multiple leads, the total value is divided equally among joint bookrunners.

* Units made up of a bond and a warrant are included; other units are excluded.

* Sovereign issues are excluded.

* Each tranche is counted as a separate deal.

* Passthroughs, collateral trust and equipment trust certificates are included.

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