It was another subdued week in the equity capital markets with just $21 million raised from four issues, representing the lowest weekly level so far this year. Year-to-date volume stands at $56.6 billion û down 59% from the comparable period last year. The league table rankings remain unchanged with Citi holding on to the top spot with $4.9 billion from 20 issues, followed by Swiss houses UBS and Credit Suisse on $3.9 billion and $3.8 billion respectively.
Chinese Renhe CommercialÆs $437 million IPO priced last Friday via bookrunners Bank of China International, Morgan Stanley, UBS and HSBC. Morgan Stanley is currently ranked fourth in the tables with $3.4 billion.
Australian PaperlinXÆs $181 million rights issue is scheduled to price next week via bookrunners Deutsche Bank and Macquarie Group.
Debt Capital Markets
Activity in the debt capital markets is shut with zero trades for the sixth week running. HSBC sits at the top of the league tables with $2.6 billion, followed by Deutsche Bank on $2.2 billion and Citi with $1.6 billion.
¬ Haymarket Media Limited. All rights reserved.
