Equity Capital Markets
It was another uneventful week in the equity capital markets with $117 million raised from six issues. Bank of America-Merrill Lynch remains at the top of the league table ranking with $1.9 billion from two deals, followed by UBS on $1.8 billion and Morgan Stanley with $1.7 billion.
Year-to-date volume stands at $9.4 billion, which is marginally higher than the $9.3 billion raised in the same period 2008. However, the deal flow of 51 issues is less than half of the 106 deals priced thus far last year.
The $73 million follow-on offering for Ascendas Real Estate Investment Trust was the largest deal of the week and led by Citi...