The equity capital markets steamed ahead this week with $5.5 billion raised from 18 issues and pushing year-to-date volume over $116 billion. Goldman Sachs holds securely its frontrunner position in the league table rankings with $11.4 billion followed by UBS with $10.2 billion and Citigroup with $8.1 billion.
China Communications ConstructionÆs $2.1 billion IPO was the largest issue of the week and bookrun by Bank of China, Merrill Lynch and UBS. Merrill Lynch climbed up two places in the rankings to fifth place and also ran the books on a $275 million accelerated bookbuild for Genting International together with Daiwa Securities and HSBC.
Citigroup jumped up three positions to take third place on the back of China Coal EnergyÆs $1.7 billion IPO led together with China International Capital Corp and Morgan Stanley. CICC sits in ninth place in the tables and Morgan Stanley in eighth.
A number of deals are scheduled to price next week including Pyramid Saimira TheatreÆs $1.8 billion IPO led by Keynote Corporate Services; and Melco PBL Entertainment (Macau)Æs $901 million IPO via bookrunners Citigroup, Credit Suisse and UBS.
Debt Capital Markets
The debt capital markets saw $350 million raised this week via two trades. Deutsche Bank sits in first place in the rankings with $4.7 billion followed by Citigroup with $4.6 billion and UBS with $4.4 billion.
Merrill Lynch printed a $325 million trade for IndonesiaÆs Empire Capital Resources that was the largest deal of the week. The US house currently sits in 10th place in the rankings.
Citigroup nabbed second place in the rankings on the back of State Bank of IndiaÆs $300 million deal that was priced late last week and jointly led with Barclays Capital and Deutsche Bank.
