Equity Capital Markets
The equity capital markets showed no signs of abating this week with $3.6 billion raised from 30 issues. Morgan Stanley leapt to the top of the league table rankings with $8.4 billion from 34 deals, nudging Goldman Sachs down to second place and UBS to third.
ICICI's $1.5 billion fully marketed follow on accounts for 42% of the week's issuance and was led by Merrill Lynch, Morgan Stanley and Nomura. Merrill Lynch edged up a position in the league tables to fourth place, while Nomura sits outside of the top 10.
Morgan Stanley made gains on its ranking as sole bookrunner for SK Telecom's $185 million accelerated bookbuild. Merrill Lynch also improved its league table standing via Prosperity Reit's $247 million IPO that was bookrun together with JPMorgan.
Guangzhou Investment Reit's $230 million IPO is scheduled to price next week via bookrunners Citigroup, DBS and HSBC.
Debt Capital Markets
The debt capital markets held steady this week with volume reaching $1.1 billion from three trades. The top three league table rankings remain static with Citigroup out in front with $5.7 billion, followed by Deutsche Bank and JPMorgan.
Merrill Lynch and Morgan Stanley printed a $600 million trade for Galaxy Entertainment, the largest deal of the week. Morgan Stanley re-entered the top 10 to take eighth place while Merrill Lynch sits in seventh. A $500 million facility for UOB was bookrun by Credit Suisse First Boston, Deutsche Bank and JP Morgan. The deal pushed Credit Suisse up a notch in the rankings to fourth place.
To view the latest Dealogic league tables click here.
