CSFB top high yield underwriter year to date

* High yield issuance $53.21 billion year to date

* Deutsche Bank top high yield underwriter in November

* High yield issuance $5.41 billion in November

New York, Nov. 27 - High-yield bond issuance surged in November to its best level since June as underwriters brought $5.41 billion of new deals to market, according to data compiled by Prospect News.

The month's volume was more than double the $2.69 billion recorded in October and more than four times the monthly low of $1.30 billion touched in July. The last time new deal activity was higher was in June when there were $7.31 billion of new junk bonds.

November's figure brings the year-to-date total to $53.21 billion. While the month's issuance was above November 2001's $5.01 billion, the amount brought to market so far in 2002 is only 74.6% of the level at the same point last year.

By underwriter Credit Suisse First Boston remains number one so far this year with $8.80 billion in 64 deals, comfortably ahead of second-placed Deutsche Bank Securities Inc. with $6.87 billion in 45 deals.

For November Deutsche was the leader, bringing $1.23 billion in nine deals.

2002 Year To Date

2001 Comparables

	Underwriter	Amount	No.	Rank	Amount	No.
1.	CS First Boston	8,798.91	64	1	11,396.31	57
2.	Deutsche Bank	6,871.23	45	7	4,905.72	32
3.	Salomon SB	6,607.74	45	2	9,433.40	39
4.	JP Morgan	5,542.82	45	4	7,907.01	50
5.	Banc of America	5,286.55	41	5	6,530.81	42
6.	Lehman	4,075.50	22	9	4,306.05	23
7.	Goldman Sachs	3,802.95	14	3	9,046.32	38
8.	Morgan Stanley	3,410.58	17	6	6,108.41	24
9.	UBS Warburg	2,914.45	18	10	2,512.15	16
10.	Bear Stearns	1,368.50	10	11	2,304.09	16
11.	Merrill Lynch	1,086.38	8	8	4,477.31	23
12.	Dresdner KW	775.61	7	18	123.65	1
13.	Wachovia	733.92	9	13	362.30	3
14.	Jefferies	589.41	7	12	773.07	8
15.	CIBC	418.88	5	16	245.05	2
16.	BMO	267.39	3	-	-	-
17.	TD Securities	265.54	2	14	348.00	3
18.	ABN Amro	198.67	1	-	-	-
19.	ING	128.01	1	-	-	-
20.	Scotia	40.54	1	-	-	-
	Total	$53,211.05	225	$71,330.43	263
	Average size	$236.49	$271.22
November 2002
					2001 Comparables
	Underwriter	Amount	No.	Rank	Amount	No.
1.	Deutsche Bank	1,232.03	9	5	405.20	4
2.	Salomon SB	1,079.55	8	2	922.05	3
3.	JP Morgan	848.80	8	1	1,610.38	8
4.	CS First Boston	838.65	8	4	452.04	3
5.	Banc of America	674.48	4	3	463.36	4
6.	Bear Stearns	308.33	2	-	-	-
7.	Goldman Sachs	166.16	2	11	102.25	1
8.	Merrill Lynch	100.00	1	7	237.69	2
9.	Dresdner KW	100.00	1	-	-	-
10.	UBS Warburg	66.16	1	8	176.50	2
	Total	$5,414.17	24	$5,009.67	22
	Average size	$225.59	$227.71
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 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.

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