Deutsche Bank has lead its fourth equity-linked deal in two weeks with a $310m (€276.6m) exchangeable bond for Millicom International Cellular, the US mobile phone company.

Deutsche is the sole bookrunner of the Millicom bond. Earlier this month Deutsche Bank leapt to first place from fourth in the European equity-linked league table with its role as joint bookrunner with JP Morgan on the record €5bn ($5.57bn) exchangeable bond from Kreditanstalt für Wiederaufbau (KfW), the German state-owned development bank.