Activity in the equity capital markets picked up this week with $1.6 billion raised from seven issues û the highest weekly result since the first week of June, which saw $1.4 billion worth of deals price. Citi continues to lead the field in the league table ranking with $4.7 billion and is followed by Credit Suisse with $3.7 billion and Morgan Stanley with $3.6 billion.
A handful of sizeable deals came to the market this week and saw some reshuffling in the league table as a result. Taiwan Semiconductor Manufacturing (TSMC)Æs $702 million deal was the largest issue of the week and led by Goldman Sachs. The US investment house moved up a couple of notches in the league table to take sixth place with $2.7 billion.
China South Locomotive & Rolling Stock Corp raised $533 million from the H-share portion of its $1.5 billion simultaneous A- and H-share offering and was bookrun by China International Capital Corp and Macquarie Group. The Australian investment bank entered the top 10 in the rankings, to sit in the tenth spot on the back of this deal.
Credit Suisse and Morgan Stanley ran the books for China Medical TechnologiesÆ $240 million convertible û enabling Morgan Stanley to nudge ahead of UBS in the ranking to secure the third spot.
Debt Capital Markets
It was another quiet week in the debt capital markets with zero trades. HSBC, Deutsche Bank and Citi take out the top three spots in the league table with $2.5 billion, $2 billion and $1.5 billion respectively.
¬ Haymarket Media Limited. All rights reserved.
