Activity in the equity capital markets held steady this week with $223 million raised from four issues, bringing year-to-date volume to $54.2 billion from 580 deals û down 51% compared to the $110.3 billion raised in the same period last year. Citi continues to lead the league table rankings with $4.7 billion, followed by Credit Suisse on $3.8 billion and UBS with $3.7 billion.
The $175 million convertible bond for Shanda Interactive Entertainment was the largest issue of the week and led by sole bookrunner Goldman Sachs. The US investment bank reached the sixth spot in the rankings on the back of this deal.
Deals scheduled to price before the end of this month include Alumina's A$910 million follow-on offering via bookrunners Goldman Sachs, Macquarie and UBS and Leighton HoldingsÆ A$700 million follow-on via Macquarie and ABN AMRO.
Debt Capital Markets
The debt capital markets saw a single $75 million trade price this week û a medium-term note for Woori Bank via bookrunner Merrill Lynch. Year-to-date activity totals $16.2 billion, a decline of 47% from $31.2 billion in the same period last year.
The top three spots in the league table remains unchanged. HSBC sits at the top with $2.6 billion, followed by Deutsche Bank and Citi with $2.2 billion and $1.6 billion respectively. Merrill Lynch is in fifth place with $1.3 billion.
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