Following the yearÆs highest weekly volume of $5.4 billion achieved last week, issuance this week dropped back to $749 million from 10 deals. Credit Suisse shot to the top of the league table rankings to stand on $3.5 billion from nine issues, followed by Citi with $3.3 billion and Danatama Securities on $2.2 billion.
The largest deal of the week was China High Speed Transmission Equipment GroupÆs $285 million convertible led by Morgan Stanley. The US investment house also ran the books together with Phatra Securities for Esso ThailandÆs $269 million IPO, and moved up a couple of notches to sit in seventh place in the rankings on the back of the two biggest deals of the week.
Credit Suisse clinched the lead in the league tables following Bakrie & BrothersÆ $4.4 billion follow-on offering priced late last week, bookrun together with Danatama Securities. The Swiss bank jumped to the number one spot from seventh place.
Debt Capital Markets
The debt capital markets continued at a steady pace with another two trades priced this week, for a total of $398 million. HSBC remains at the top of the league table rankings on $1.6 billion, followed by Barclays Capital with $764 million and Lehman Brothers with $665 million.
Merrill Lynch printed a $300 million trade for Nine Dragons Paper (Holdings), which was the largest deal of the week and pushed the US house into the top 10 to eighth place.