Dealogic league table roundup, January 15

Equity Capital Markets

The equity capital markets moved forward at a steady pace last week, raising $2.5 billion from 16 issues. This brings year-to-date issuance to $4.7 billion, which is 23% lower than in the same period last year. However, with 38 completed deals, the deal activity is more than double the level recorded year-to-date last year.

Continuing on from last year, UBS sits at the top of the league table ranking with $762 million from one deal so far, followed by Citic Securities and Ping An Securities on $461 million and $439 million respectively.

Reliance Industries' $762 million follow-on offering, which was led by UBS on a sole basis, was the largest deal of the week. The deal marked the first transaction arranged by UBS this year and helped push the Swiss bank to the top of the league table.

Deals scheduled to price next week include: Indorama Ventures' $306 million IPO led by Bank of America Merrill Lynch, Morgan Stanley and Bualuang Securities; and Religare Enterprises' $359 million rights issue by sole bookrunner Enam Securities.

Debt Capital Markets

The debt capital markets were less busy with only one trade last week. Following Republic of the Philippines' $1.5 billion sovereign debt issue in the first full week of 2010, Republic of Indonesia tapped the G3 bond market to raise $2 billion via Barclays Capital, Credit Suisse and Citi. The deal helped push Barclays Capital to the top of the league table ranking with $1.2 billion from three deals, while Credit Suisse and Citi round out the top three with $660 million each.