Equity Capital Markets
Issuance in the equity capital markets totalled $2.1 billion from 26 issues this week the lowest weekly level seen since early August, when $1.9 billion was raised. The top 10 league table rankings remain unchanged with Goldman Sachs, Morgan Stanley and UBS leading the field on $20.7 billion, $18.0 billion and $16.1 billion respectively.
A $325 million accelerated bookbuild for Suntec Real Estate Investment Trust was the largest issue of the week and led by Citi, DBS and Standard Chartered Bank.
A total of four convertibles were issued this week the most active week in over two months led by Beijing Gehua CATV Network’s $240 million offering via bookrunner UBS.