Morgan Stanley to regain top rank in equity-linked table

Morgan Stanley looks set to leap back to the top of the league table for bookrunners of European equity-linked issues as it launches an exchangeable bond for Iberdrola, the Spanish electricity conglomerate.

Deutsche Bank is currently number one in the league tables with a €5.14bn ($4.6bn) credit, Dealogic, the investment banking research firm, said. The German bank overtook Morgan Stanley last week with a €2.8bn dual tranche issue for Novartis, the healthcare company.

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Europe Draws Up Retaliatory Tariffs for U.S. Goods in Case No Trade Deal Is ReachedExternal link

Europe Draws Up Retaliatory Tariffs for U.S. Goods in Case No Trade Deal Is Reached