Equity Capital Markets
The equity capital markets advanced at a steady pace this week with $529 million raised from nine issues. Volume for the year so far stands at $15.8 billion -- down 42% from the same period last year $27.2 billion. The deal flow of 181 issues has fallen 25% year-on-year.
The top three banks in the league table ranking remain unchanged with UBS leading the field on $2.9 billion, followed by Morgan Stanley on $2.5 billion and Bank of America-Merrill Lynch with $2.2 billion.
Unitech's $324 million fully marketed follow-on was the largest deal of the week and led by IDFC, Morgan Stanley and UBS.
Daewoo Securities moved up a...