The equity capital markets held steady this week with $876 million raised from 13 issues, pushing year-to-date volume over the $77 billion mark. Goldman Sachs, UBS and JPMorgan continue to lead the league table rankings.
The $248 million follow-on for TaiwanÆs InnoLux Display Corp was the largest deal of the week and led by Fubon Integrated Securities. Merrill Lynch climbed up a notch to eighth place on the back of MCB BankÆs $150 million follow-on.
ICBCÆs mammoth $20.1 billion IPO is scheduled to price next week and is set to push the bookrunners on the H-share listing û Merrill Lynch, ICEA Capital, China International Capital Corp, Credit Suisse and Deutsche Bank û up the rankings. Deutsche Bank currently sits in sixth place with $3.9 billion, Merrill Lynch in eighth place with $3.3 billion and Credit Suisse close behind in the ninth spot with $3.3 billion.
Debt capital markets
The debt capital markets were propped up this week with a single $992 million trade. UBS ran the books for Majapahit HoldingÆs deal on a sole basis and jumped up the league table rankings to secure first place, from fourth last week, with $3.9 billion from 17 deals. Morgan Stanley sits in second place and Deutsche Bank in third.
