A total of $2.1 billion was raised in the equity capital markets this week via 17 issues, bumping year-to-date volume over the $100 billion mark. The same barrier was broken in October last year. The top three rankings remain unchanged with Morgan Stanley leading the field on $10.2 billion followed by UBS with $9.9 billion and Goldman Sachs on $9.2 billion.
Bank Negara IndonesiaÆs $787 million fully marketed deal was the largest issue of the week and led by Bahana Securities and JP Morgan.
Merrill Lynch moved up a notch in the rankings to secure fifth place on the back of Melco PBL SPVÆs $200 million convertible and Symphony International HoldingsÆ $190 million IPO, both run on a sole basis by the US investment house.
Deals scheduled to price next week include E-House (China) HoldingsÆ $183 million IPO led by Credit Suisse and Merrill Lynch; and WuXi PharmaTechÆs $158 million IPO bookrun by Credit Suisse and JP Morgan.
Debt Capital Markets
It was a silent week in the debt capital markets with zero trades.
