A total of $2.7 billion was raised from nine issues this week, pushing year-to-date volumes to $6.4 billion from 19 deals. This is the highest year-to-date level since 2004 when $7.2 billion was raised from 70 issues, and up 144% from the $2.6 billion reached in the same period last year. However, the year-to-date deal flow of 19 issues was the slowest since 2001 when 19 issues were also priced.
Bank of America-Merrill Lynch leads the bookrunner ranking for the year so far with $1.9 billion from two deals, followed by UBS on $1.4 billion and Morgan Stanley and RBS with $1.2 billion each.
Bank of ChinaÆs $2.4 billion follow-on offering this...
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