Equity Capital Markets
Given the Lunar New Year holidays, it was a very subdued week in the equity capital markets with only $0.8 million raised from a single trade. Volume for the year so far stands at $8.9 billion from 37 issues - the highest monthly level achieved since April 2008 when $10.9 billion was raised from 78 deals.
Bank of America-Merrill Lynch remains at the top of the league table ranking with $1.9 billion from two issues, followed by UBS and Morgan Stanley with $1.8 billion and $1.5 billion respectively.
Morgan Stanley moved ahead of RBS to secure third place in the rankings on the back of DBS Group Holdings' $2.8 billion rights issue priced late last week. Morgan Stanley acted as joint bookrunner together with Citi, DBS, Goldman Sachs, J.P. Morgan and UBS.
Debt Capital Markets
The debt capital markets remained silent for the second week in a row, with zero trades. Deutsche Bank and HSBC share top place in the league table ranking with $1.3 billion apiece, followed by Bank of America-Merrill Lynch and RBS with $795 million each. Year-to-date volume stands at $5.5 billion from two deals - the highest monthly level since May 2007 when $7.4 billion was raised from 17 trades.
