CSFB top high yield underwriter YTD, Q3, Sept.

High yield issuance $363.2 mln in Sept.

High yield issuance $11.0 bln in Q3

High yield issuance $62.9 bln YTD

New York, Sept. 28 - Credit Suisse First Boston held on to its place as top underwriter of high-yield debt, according to data compiled by Prospect News.

The firm was number one for September, the third quarter and the year to date.

Meanwhile issuance slumped in September to its lowest level since Prospect News and predecessor Bridge began collecting the data at the beginning of 1999. Volume for the month was just $363.15 million in only two deals. The previous low was in December 1999 when $1.14 billion came to market in six deals.

However despite the slowdown - the result early in the month of the end of the holiday lull followed by the aftershocks from the terrorist attacks on New York and Washington - issuance year to date is much stronger than last year.

So far $62.85 billion of junk bonds have been sold compared to $44.44 billion for all of 2000.

The third quarter figure of $11.01 billion was almost exactly double the $5.41 billion seen in the third quarter of 2000.

Details are as follows:

SEPTEMBER

---------

September 2000

Dealer Amount ($ mln) No. Deals Rank Amount No.

------ -------------- --------- ---- ------ ---

1. CS First Boston 150.00 1 1 1150.00 2

2. Bear Stearns 71.05 1 - - -

2. Goldman Sachs 71.05 1 - - -

2. Merrill Lynch 71.05 1 8 200.00 1

Total 363.15 2 5309.45 14

Average size 181.58 379.25

THIRD QUARTER

-------------

2000 Comparables

Dealer Amount ($ mln) No. Deals Rank Amount No.

------ -------------- --------- ---- ------ ---

1. CS First Boston 2176.70 14 1 3352.00 9

2. Goldman Sachs 2098.05 10 4 1571.90 4

3. Banc of America 1155.70 9 8 1233.58 7

4. Merrill Lynch 1154.15 8 7 1330.00 8

5. JP Morgan 1098.30 8 3 1691.78 8

6. Salomon SB 773.20 5 5 1492.80 10

7. Deutsche Banc AB 701.80 5 9 643.30 4

8. Morgan Stanley 598.80 4 2 1993.60 5

9. Bear Stearns 370.05 5 - - -

10. UBS Warburg 315.00 2 12 472.70 2

Total 11012.15 50 5409.50 17

Average Size 220.24 318.21

YEAR TO DATE

------------

2000 comparables

Dealer Amount ($ mln) No. Deals Rank Amount No.

------ -------------- --------- ---- ------ ---

1. CS First Boston 9996.73 50 1 8287.20 66

2. Salomon SB 8312.40 35 3 5105.10 25

3. Goldman Sachs 8268.55 33 2 5362.30 19

4. Morgan Stanley 6028.18 23 4 4508.27 16

5. Banc of America 5842.48 37 6 2206.28 10

6. JP Morgan 5647.25 36 5 3927.78 18

7. Deutsche Banc AB 4316.15 26 7 2414.50 12

8. Merrill Lynch 4239.65 21 8 2053.70 14

9. Lehman Brothers 3954.10 20 9 1542.60 6

10. UBS Warburg 2250.65 13 10 1308.40 6

Total 62853.13 224 39072.15 130

Average Size 280.59 300.56

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