CC leads on equity capital markets deals in Thomson's H1 table

Allen & Overy (A&O) has topped Thomson Reuters' debt capital markets (DCM) rankings for international cross-border bonds for the first half of 2011 by both manager and issuer.

The firm advised managers on 238 bond deals worth $180bn (£110bn) during the period, giving it a 7.1% share of the market, ahead of Linklaters, which held a 3.5% share of the market, with roles on 117 deals worth $104bn (£63.8bn).

Cahill Gordon & Reindel, Clifford Chance (CC) and Simpson Thacher & Bartlett made up the rest of the top five by manager, with A&O, Sidley Austin and Sullivan & Cromwell holding the top three spots in the debt rankings by issuer.

Meanwhile, the EMEA equity capital markets (ECM) rankings show CC topping the charts by manager, with roles on eight deals generating proceeds of $14.7bn (£9bn). By volume, CC shared first place with Freshfields Bruckhaus Deringer and Herbert Smith and alliance partners Gleiss Lutz and Stibbe, both of which advised on eight deals.

Freshfields topped the ECM rankings by issuer, with roles on nine deals with proceeds of $15.5bn (£9.5bn).

Standout ECM deals during the period included Glencore's $60bn (£36.8bn) dual London and Hong Kong listing, which generated roles for CC and Linklaters, while CC also advised the underwriters on Italian fashion house Prada's $2.1bn (£1.3bn) Hong Kong listing in June.

CC co-head of ECM Adrian Cartwright (pictured) said: "Our ability to respond to the market and be able to advise in both London and Hong Kong proved very important for us."