Barclays is top bookrunner; $514 million of new issues priced during week, a 38.9% decrease

By Sheri Kasprzak

New York, Sept. 26 - Barclays took the top spot for bookrunners for the week of Sept. 16, according to Prospect News data.

Barclays acted as bookrunner for $148 million in 11 deals, up 182.9% from the previous week, when Barclays priced $52 million in 15 deals.

Coming in at No. 2 was JPMorgan, which was the bookrunner for $82 million in 15 deals, making up 17.6% of the week's volume. Last week, JPMorgan was in the top spot with $505 million of new issues, making up 71.3% of the week's volume in 15 deals, representing an 83.7% drop week over week.

Rounding out the top-three bookrunners was UBS, which acted as bookrunner for $73 million issues, making up 15.7% of the week's volume in 60 offerings. UBS sold $43 million in 51 deals the previous week, representing a 69.2% increase week over week.

UBS knocked Bank of America Merrill Lynch out of the top three. The previous week, Bank of America was the No. 3 bookrunner. This week, it was No. 9 on the list.

$514 million priced

The week of Sept. 16 brought $514 million of new issues in 133 deals including exchange-traded notes, representing a 38.9% drop over the previous week. Last week, $842 million of new issues were sold in 136 deals.

Excluding ETNs, $467 million priced in 122 deals, down 34.2% from the previous week, in which $709 million of issues excluding ETNs were sold in 117 deals.

There were a few more larger offerings than the previous week. Twelve deals exceeded $10 million, compared with eight the previous week. Five deals were larger than $20 million, up from three deals the previous week, and one deal was over $50 million, the same as the prior week.

$1.64 billion sold this month

During the period from Sept. 1 to Sept. 22, $1.64 billion of notes priced in 374 deals. The same period of the previous month saw $1.61 billion in 328 deals, a 1.8% change month over month.

From Sept. 1, 2011 to Sept. 22, 2011, $1.88 billion in 452 deals were priced, marking a drop of 12.7% compared to the same period a year ago.

Excluding ETNs, $1.44 billion of notes have priced in 338 deals this month through Sept. 22. Comparatively, $1.13 billion in 300 deals were priced during the period from Aug. 1 to Aug. 22, representing a 27.3% increase month over month.

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