The equity capital markets saw $780 million raised this week via 14 issues. The top 10 league table rankings remain static with Goldman Sachs leading the field on $6.7 billion, followed by Morgan Stanley with $6.3 billion and UBS on $5.7 billion.
JSW SteelÆs $325 million convertible was the largest issue of the week and led by ABN AMRO Rothschild and Citigroup. Citigroup currently sits in fifth place.
JPMorgan, in fourth place, narrowed the gap between itself and UBS to a $136 million differential in the rankings, after running the books on CapitaLandÆs $655 million convertible that was priced late last week.
Deals expected to price next week include Alliance Global GroupÆs $363 million follow-on offering led by UBS; and a $348 million IPO for Yingli Green Energy Holding run by Goldman Sachs and UBS.
Debt Capital Markets
A total of $647 million was raised in the debt capital markets this week from three trades. Deutsche Bank remains fixed at the top of the league tables with $4.7 billion, with Citigroup on $3.9 billion and JP Morgan with $2.3 billion.
Merrill Lynch jumped up to fourth place in the rankings, from sixth last week, on the back of Export-Import Bank of Korea (KEXIM)Æs $300 million deal that was run on a sole basis. The US investment house also printed a $150 million trade for Shanghai Zendai Property.
