|BEST BANK: Santander Totta
BEST DEBT HOUSE: Merrill Lynch
BEST EQUITY HOUSE: Caixa BI
BEST M&A HOUSE: Santander Negocios
Merrill Lynch tops the league table for bond issuance in Portugal thanks to its sole-lead role on large deals such as the $3.3 billion MBS transaction for Hippo Totta, which was the second largest deal of the year after the sovereign’s $3.6 billion issue in July 2005, led by five banks. Merrill also co-led with Morgan Stanley the largest corporate bond issue of the year, a $2 billion multi-tranche issue for Portugal Telecom that was substantially upsized.