The equity capital markets continued at an even pace this week with $802 million raised from 13 issues, bringing year-to-date volume to $35.8 billion û down 35% from the $54.8 billion raised in the same period last year. The deal flow of 296 issues is less than half the 616 deals priced by this time last year. Citi remains at the top of the league table rankings with $3.3 billion, while UBS and Credit Suisse round out the top three with $3.0 billion each.
DC ChemicalÆs $364 million bought deal was the largest issue of the week and led by UBS. The Swiss house moved up a notch in the rankings from third last week.
JPMorgan also climbed up a rung in the table to sit in fourth place on the back of Italian-Thai DevelopmentÆs $150 million convertible that it ran on a sole basis.
Deals scheduled to price next week include Xtep International HoldingsÆ $337 million IPO, bookrun by JPMorgan and UBS; and a $210 million IPO for Central China Real Estate via Morgan Stanley.
Debt Capital Markets
The debt capital markets saw $500 million raised from a single trade this week. HSBC, Citi and Deutsche Bank take out the top three places in the league table with market shares of 21.7%, 12.3% and 10.3% respectively.
Citi and JPMorgan printed the $500 million trade for Noble Group. The deal pushed Citi up a notch in the rankings from third place last week and JPMorgan advanced to fifth place from seventh.
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