The equity capital markets raised almost $2 billion this week via 24 issues, pushing year-to-date volume over the $12 billion mark. UBS heads the league table rankings with $1.6 billion from 14 deals followed by JP Morgan and Goldman Sachs.
Kowloon DevelopmentÆs $678 million fully marketed deal was the largest issue of the week and bookrun by Intellinsight Holdings. UBS led the $307 million IPO for China Huiyuan Juice Group on a sole basis.
Merrill Lynch jumped up to sixth place from tenth last week, on the back of China Properties GroupÆs $208 million IPO and Orchid Chemicals & PharmaceuticalsÆ $175 million convertible, both run on a sole basis by the US investment house.
Debt Capital Markets
The debt capital markets continued its pace with $1.8 billion raised from four trades and bringing year-to-date volume over the $9 billion barrier. Deutsche Bank continues to lead the rankings with $2.5 billion from nine deals, with Citigroup and UBS rounding out the top three.
The $974 million bond for Export-Import Bank of Korea-KEXIM was the largest trade of the week and led by Citigroup, DePfa Deutsche Pfandbriefbank, Deutsche Bank, Merrill Lynch and UBS. UBS climbed up a notch to third place, also running the books for Dah Sing BankÆs $200 million trade.
ICICI Bank UK also raised $500 million via bookrunners Barclays Capital and Deutsche Bank. Barclays moved up a place to the fifth spot with $638 million.