CSFB top U.S. market high-yield underwriter year to date

* U.S. market high-yield issuance totals $112.03 billion year to date

* CSFB top European high-yield underwriter year to date

* European high-yield issuance totals $16.52 billion year to date

* CSFB top global high-yield underwriter year to date

* Global high-yield issuance totals $120.05 billion

New York, Oct. 29 - Credit Suisse First Boston again swept the Prospect News high-yield league tables in October, ranking number one in the U.S. market, the European market and globally.

New deal volume, meanwhile, eased for a fourth month but at $7.74 billion for the month was enough to push the year-to-date total to $112.03 billion, very close to the $114.34 billion at the same stage of 2003.

Last year ended at $138.43 billion, widely considered the second biggest year ever although Prospect News' data does not go back far enough to verify that fact.

CSFB has now brought to market $16.44 billion of new junk bonds for a 14.68% share.

The firm marginally widened its lead over number two-placed Citigroup to $92 million from $90 million the month before.

The figures cover dollar-denominated high-yield deals issued in the United States as registered offerings or under Rule 144A and include all issuers, regardless of their home country.

For industrialized countries only - excluding emerging market issuers - Citigroup placed first year to date in the U.S. market with $15.41 billion while CSFB was number two at $14.75 billion.

In Europe, CSFB was number one with $3.15 billion equivalent of deals so far this year. The figures cover new issues from industrialized countries denominated in the currency of a European industrialized country.

For the global high-yield market, counting all currencies but excluding emerging market issuers, CSFB was also number one at $17.91 billion.

Citigroup was number two with $17.17 billion.

October's $7.74 billion volume in the U.S. market was the second lowest level this year after May's $6.96 billion and down from $8.90 billion in September.

European junk activity remained far stronger than last year, with the year-to-date total now $16.52 billion equivalent compared to $7.27 billion for the same period of 2003.

The global total for industrialized countries is now $120.05 billion year to date, significantly higher than the $113.47 billion at the same point in 2003.

Year to date 2004, U.S. market, all issuers

2003 Comparables

	Underwriter	Amount	No.	Share	Rank	Amount	No.	Share
1	CSFB	16.440	108	14.68%	1	19.089	108	16.70%
2	Citigroup	16.348	104	14.59%	2	15.469	85	13.53%
3	Banc of America	13.132	102	11.72%	6	10.635	71	9.30%
4	JPMorgan	12.228	91	10.92%	5	11.198	82	9.79%
5	Deutsche Bank	10.928	75	9.75%	4	11.430	81	10.00%
6	Morgan Stanley	8.098	47	7.23%	10	5.260	27	4.60%
7	UBS	7.411	58	6.62%	8	6.269	49	5.48%
8	Lehman	6.601	52	5.89%	7	7.455	48	6.52%
9	Goldman Sachs	5.338	42	4.76%	3	12.240	55	10.70%
10	Merrill Lynch	4.871	32	4.35%	12	2.198	18	1.92%
11	Bear Stearns	4.070	33	3.63%	9	5.537	30	4.84%
12	Wachovia	1.682	21	1.50%	11	2.282	19	2.00%
13	Jefferies	1.647	22	1.47%	13	1.524	12	1.33%
14	CIBC	0.791	7	0.71%	14	1.321	14	1.16%
15	ABN	0.409	2	0.37%	-	-	-	-
	Total	112.025	457	114.339	404
	Average size:	0.245	0.283
October 2004, U.S. market, all issuers
					2003 Comparables
	Underwriter	Amount	No.	Share	Rank	Amount	No.	Share
1	Lehman	1.234	9	15.95%	12	0.246	3	2.20%
2	Morgan Stanley	1.050	8	13.56%	15	0.100	1	0.90%
3	JPMorgan	1.023	9	13.22%	6	1.051	8	9.43%
4	Banc of America	0.571	8	7.38%	4	1.353	10	12.13%
5	UBS	0.556	5	7.19%	7	0.779	8	6.99%
6	CSFB	0.540	6	6.98%	2	1.592	11	14.28%
7	Citigroup	0.538	4	6.95%	5	1.118	6	10.03%
8	Deutsche Bank	0.510	6	6.59%	1	1.766	11	15.84%
9	Merrill Lynch	0.450	4	5.82%	16	0.099	1	0.89%
10	Bear Stearns	0.308	4	3.99%	9	0.350	1	3.14%
	Total	7.739	40	11.149	43
	Average size:	0.193	0.259
Year to date 2004, U.S. market, industrialized country issuers
					2003 Comparables
	Underwriter	Amount	No.	Share	Rank	Amount	No.	Share
1	Citigroup	15.409	98	14.90%	2	14.663	82	13.81%
2	CSFB	14.754	100	14.26%	1	17.803	100	16.77%
3	Banc of America	13.132	102	12.70%	6	10.635	71	10.02%
4	JPMorgan	11.565	86	11.18%	5	10.640	78	10.02%
5	Deutsche Bank	9.627	70	9.31%	4	10.760	77	10.14%
6	Morgan Stanley	7.587	44	7.33%	10	4.105	24	3.87%
7	Lehman	6.261	50	6.05%	7	7.267	47	6.85%
8	UBS	6.012	48	5.81%	8	5.433	44	5.12%
9	Goldman Sachs	5.338	42	5.16%	3	12.140	54	11.44%
10	Merrill Lynch	4.176	30	4.04%	12	2.099	17	1.98%
11	Bear Stearns	3.654	31	3.53%	9	4.502	26	4.24%
12	Wachovia	1.682	21	1.63%	11	2.282	19	2.15%
13	Jefferies	1.647	22	1.59%	13	1.524	12	1.44%
14	CIBC	0.791	7	0.76%	14	1.321	14	1.24%
15	RBC	0.273	4	0.26%	19	0.100	1	0.09%
	Total	103.440	423	106.156	379
	Average size:	0.245	0.280
October 2004, U.S. market, industrialized country issuers
					2003 Comparables
	Underwriter	Amount	No.	Share	Rank	Amount	No.	Share
1	Lehman	1.234	9	18.47%	11	0.246	3	2.55%
2	JPMorgan	1.023	9	15.31%	5	1.051	8	10.91%
3	Morgan Stanley	0.951	7	14.23%	13	0.100	1	1.04%
4	Banc of America	0.571	8	8.55%	2	1.353	10	14.04%
5	Citigroup	0.538	4	8.05%	7	0.621	5	6.45%
6	CSFB	0.441	5	6.60%	4	1.170	9	12.15%
7	Deutsche Bank	0.410	5	6.14%	1	1.766	11	18.34%
8	Bear Stearns	0.308	4	4.62%	9	0.350	1	3.63%
9	UBS	0.256	4	3.84%	6	0.779	8	8.09%
10	Merrill Lynch	0.250	3	3.74%	-	-	-	-
	Total	6.681	35	9.632	38
	Average size:	0.191	0.253
Year to date 2004, European currencies, industrialized country issuers
					2003 Comparables
	Underwriter	Amount	No.	Share	Rank	Amount	No.	Share
1	CSFB	3.153	17	19.09%	2	1.190	9	16.38%
2	Deutsche Bank	2.651	21	16.05%	1	1.999	12	27.52%
3	Citigroup	1.765	11	10.69%	4	0.929	9	12.78%
4	JPMorgan	1.421	9	8.60%	7	0.330	7	4.54%
5	RBS	1.049	4	6.35%	6	0.339	2	4.67%
6	Morgan Stanley	0.979	11	5.93%	15	0.057	1	0.79%
7	Goldman Sachs	0.936	8	5.67%	3	0.975	7	13.42%
8	Merrill Lynch	0.857	5	5.19%	13	0.061	1	0.84%
9	BNP Paribas	0.781	7	4.73%	5	0.396	4	5.46%
10	WestLB	0.599	3	3.63%	-	-	-	-
	Total	16.516	60	7.266	28
	Average size:	0.275	0.259
Year to date 2004, global market, industrialized country issuers
					2003 Comparables
	Underwriter	Amount	No.	Share	Rank	Amount	No.	Share
1	CSFB	17.906	117	14.92%	1	18.993	109	16.74%
2	Citigroup	17.174	109	14.31%	2	15.592	91	13.74%
3	Banc of America	13.529	108	11.27%	6	10.955	77	9.65%
4	JPMorgan	12.986	95	10.82%	5	10.971	85	9.67%
5	Deutsche Bank	12.376	92	10.31%	4	12.759	89	11.24%
6	Morgan Stanley	8.567	55	7.14%	10	4.162	25	3.67%
7	Lehman	6.515	54	5.43%	7	7.488	50	6.60%
8	Goldman Sachs	6.273	50	5.23%	3	13.115	61	11.56%
9	UBS	6.012	48	5.01%	8	5.511	46	4.86%
10	Merrill Lynch	5.033	35	4.19%	12	2.208	19	1.95%
11	Bear Stearns	4.047	33	3.37%	9	4.696	28	4.14%
12	Wachovia	1.682	21	1.40%	11	2.282	19	2.01%
13	Jefferies	1.647	22	1.37%	13	1.524	12	1.34%
14	RBS	1.174	5	0.98%	16	0.526	3	0.46%
15	BNP Paribas	1.053	9	0.88%	15	0.666	7	0.59%
	Total	120.053	484	113.470	408
	Average size:	0.248	0.278
October 2004, global market, industrialized country issuers
					2003 Comparables
	Underwriter	Amount	No.	Share	Rank	Amount	No.	Share
1	Lehman	1.297	10	16.92%	11	0.246	3	2.40%
2	JPMorgan	1.023	9	13.34%	5	1.129	10	11.04%
3	Morgan Stanley	0.951	7	12.40%	13	0.100	1	0.98%
4	CSFB	0.763	7	9.95%	4	1.170	9	11.44%
5	Citigroup	0.709	5	9.24%	7	0.699	7	6.83%
6	Banc of America	0.571	8	7.45%	2	1.431	12	13.99%
7	Merrill Lynch	0.433	4	5.65%	-	-	-	-
8	Deutsche Bank	0.410	5	5.35%	1	1.973	14	19.29%
9	Bear Stearns	0.308	4	4.02%	9	0.350	1	3.42%
10	UBS	0.256	4	3.34%	6	0.857	10	8.38%
	Total	7.668	40	10.228	41
	Average size:	0.192	0.249
Prospect News High-Yield Underwriter Rankings

Criteria

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

* European tables cover deals denominated in currency of a European industrialized country

* Global tables cover deals denominated in currency of an industrialized country

* Amounts converted to dollars (if necessary) at rate shown in Federal Reserve's H.10 release on day of pricing

* 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 more than $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 price.

* 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.

* The headquarters location of the parent company is used for the country criteria (i.e. registrations in tax havens and offshore finance subsidiaries are ignored)

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