The Egyptian government's recent Eurobond issue has catapulted Merrill Lynch to the top of the emerging market bond bookrunners' table.

Merrill Lynch, which managed Egypt's jumbo $1.5bn (€1.8bn) debut Eurobond alongside Morgan Stanley, has taken over as the leading underwriter of emerging market bonds in Emerging Europe, the Middle East and Africa (Eemea), according to Thomson Financial.