The equity capital markets continued at a slow pace this week with $406 million raised from seven issues, bringing year-to-date volume to $60.2 billion from 768 deals. Goldman Sachs remains on top of the league table, UBS and Citigroup follows in second and third place respectively.
The largest issue of the week was the $195 million accelerated bookbuild for Huabao International Holdings. Deutsche bank led the deal on a sole basis and sits at the seventh position in the league table.
IndiaÆs GMR InfrastructureÆs $246 million IPO is scheduled to price next week via Morgan Stanley, Merrill Lynch, Enam Financial and SSKI. Morgan Stanley is currently ranked fourth in the table and Merrill Lynch sits in eighth place.
Debt Capital Markets
The debt capital markets were subdued in the opening week of August with $200 million raised from a single trade. The league table ranking remains static with Morgan Stanley sitting in first place with $3.1 billion from eight deals and is followed by Citigroup and Deutsche Bank.
Deutsche Bank and Goldman Sachs printed a $200 million trade for GS Caltex Corp. Deutsche Bank remains in third position in the table and Goldman Sachs in eighth, only $13 million behind HSBC in seventh place
