The equity capital markets show no signs of abating with $1.3 billion raised via 19 issues this week, bringing year-to-date volume to $109.0 billion. Goldman Sachs has pulled away from the pack, now sitting on $11.3 billion at the top of the league table rankings, followed by UBS on $9.2 billion and Credit Suisse on $7.7 billion.
KT&G CorpÆs $458 million bought deal was the largest issue of the week and led by Citigroup. The US bank also ran the books for Shanghai Real EstateÆs $106 million follow-on and climbed two places in the league tables to fourth place on the back of these two deals.
Goldman Sachs managed to put more distance between itself and UBS in the rankings via a number of issues priced late last week. The US investment house ran the books for Kingboard Laminates HoldingsÆ $745 million IPO on a sole basis; led the $710 million follow-on for Oil & Gas Development (OGDCL) together with Citigroup; and also bookran China Communications ServicesÆ $365 million IPO with China International Capital Corp.
The equity capital markets are set to have another busy week with a handful of deals set to price next week. Upcoming issues include China Communications ConstructionsÆ $1.8 billion IPO led by Bank of China, Merrill Lynch and UBS; China Coal EnergyÆs $1.5 billion IPO via bookrunners China International Capital Corp, Citigroup and Morgan Stanley; and Cairn IndiaÆs $1.3 billion IPO led by ABN AMRO Rothschild, Merrill Lynch and Morgan Stanley.
Debt Capital Markets
The debt capital markets saw $459 million raised from only one trade this week. Deutsche Bank has secured the top ranking in the league tables with $4.6 billion from 28 deals, followed by Citigroup with $4.5 billion and UBS with $4.4 billion.
Citigroup and Deutsche Bank printed a $465 million trade for ThailandÆs True Move, the sole deal of the week. Deutsche moved to first place in the rankings from second last week, while Citigroup also gained more ground via a couple of deals priced late last week û South KoreaÆs $994 million trade led together with Barclays Capital, Credit Suisse and KDB; and Ciliandra Perkasa FinanceÆs $160 million deal run on a sole basis.
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