Dealogic league table roundup, February 27

Equity Capital Markets

It was a lacklustre week in the equity capital markets with only $37 million raised from nine issues. The league table ranking remains static, led by Bank of America - Merrill Lynch ($1.93 billion), UBS ($1.87 billion) and Morgan Stanley ($1.7 billion) in the top three places.

Year-to-date issuance in the region stands at $9.8 billion - down 13% from the $11.3 billion raised in the same period last year and the lowest year-to-date level since 2005 when volumes reached $7.7 billion.

Deals scheduled to price next week include Pusan Bank's $146 million (W200 billion) follow-on offering via bookrunners Daewoo Securities, Mirae Asset Securities and HI Investment & Securities.

Debt Capital Markets

The debt capital markets stirred back to life this week, breaking a three-week drought with Republic of Indonesia's $3.0 billion trade via Barclays Capital and UBS. It marks the largest G3 bond from the region so far this year, surpassing Korea Development Bank's $2.0 billion offering last month.

Barclays Capital and UBS jumped to the top of the league table ranking on the back of the sovereign bond, with $1.5 billion worth of credits each; while Deutsche Bank and HSBC round out the top three on $1.3 billion apiece.

Year-to-date volume has reached $8.6 billion - up 87% from the $4.6 billion raised year-to-date in 2008. The deal flow of five trades is, however, down 64% from the 14 deals priced in the same period last year.