Dealogic league table roundup, July 31

Equity Capital Markets

The equity capital markets raised a total of $2.2 billion from 20 issues this week -- bringing year-to-date volume to $62.5 billion, down 13% compared to the same period last year. China International Capital Corp continues to top the league table ranking with $7.6 billion, followed by J.P. Morgan on $6.5 billion and Morgan Stanley close behind with $6.4 billion.

Credit Suisse led the two largest deals of the week -- convertibles for CapitaLand ($762 million) and Bumi Resources ($375 million). The Swiss house moved up a notch to sixth place in the league table with $4.4 billion.

J.P. Morgan nudged ahead of Morgan Stanley to sit in second place in the ranking on the back of C C Land Holdings' $327 million follow-on offering, which it led together with Citi.

Deals scheduled to price next week include Everbright Securities' $1.6 billion A-share IPO via Orient Securities; a $672 million listing for Adani Power led by Bank of America Merrill Lynch, Enam Financial Consultants, ICICI Bank, IDFC, JM financial, Kotak Mahindra Finance, Morgan Stanley and SBI Capital Markets; and Avago Technologies' $504 million IPO via bookrunners Barclays Capital, Citi, Deutsche Bank and Morgan Stanley.

Debt Capital Markets

The debt capital markets saw two trades totalling $1.3 billion this week, pushing volumes to $29.5 billion so far this year, up 88% from the $15.7 billion raised in the same period last year2. Deutsche Bank remains at the head of the league table with $4.9 billion, followed by HSBC on $4.1 billion and Barclays Capital on $3.0 billion.

Woori Bank's $800 million trade was the largest deal of the week and led by Bank of America Merrill Lynch, HSBC, Morgan Stanley, Nomura and Royal Bank of Scotland. Bank of America Merrill Lynch moved up a notch in the ranking to sit in fourth place with $2.8 billion, while RBS also climbed up a rung to take the ninth spot on $1.3 billion.

The second trade was a $500 million bond sale by the Hong Kong Mortgage Corp via bookrunners J.P. Morgan and HSBC.