The equity capital markets ploughed ahead after the Easter break with $1.8 billion raised this week via 16 issues. Goldman Sachs continues to head the league table rankings with $3.1 billion while runner-up UBS has closed the gap to a $92 million difference, standing on $3.0 billion. Morgan Stanley rounds out the top three with $2.6 billion.
Yangzijiang Shipbuilding (Holdings)Æ $619 million IPO was the largest issue of the week and led by UBS.
Morgan Stanley led a handful of deals on a sole basis this week, bumping it up to third place in the rankings from fifth position last week. The US investment house led LG Philips LCDÆs $500 million convertible through an accelerated bookbuild as well as China Infrastructure Machinery HoldingsÆ $287 million convertible and $202 million follow-on offering.
Credit Suisse moved up a notch in the league tables to take the sixth spot on the back of Shui On LandÆs $48 million bought deal.
A number of deals are scheduled to price next week including China CITIC BankÆs much anticipated $5.0 billion IPO led by China International Capital Corp, CITIC Group, Citigroup, HSBC and Lehman Brothers. Citigroup is currently ranked fifth in the tables and HSBC eighth. The $1.6 billion A-share portion will not be credited to the Asia (ex Japan) league tables, however.
Country Garden HoldingsÆ $1.5 billion IPO is also set to price next week. Morgan Stanley and UBS are the bookrunners.
Debt Capital Markets
The debt capital markets had a subdued week with $397 million raised via a single trade. The league table rankings remain unchanged with Deutsche Bank leading the field with $2.9 billion followed by Citigroup with $2.6 billion and UBS on $1.6 billion.
Wing Hang BankÆs $400 million deal was the sole trade of the week and led by Citigroup, HSBC and UBS.
