Equity Capital Markets
The equity capital markets maintained a steady pace this week, raising $2.3 billion from 24 deals and bumping up issuance to $11.7 billion for the year so far -- up 33% compared to the same period in 2009.
China International Capital Corp holds on to the top rung in the league table rankings with $1.6 billion, followed by UBS on $881 million and Deutsche Bank on $776 million.
Avago Technologies' $435 million fully-marketed issue was the largest deal of the week and led by Barclays Capital, Citi, Deutsche Bank and Morgan Stanley. The deal enabled Deutsche Bank to move up a notch in the league table and Morgan Stanley to enter the top ten to sit in the tenth spot with $409 million.
A handful of deals are scheduled to price next week, including China First Heavy Industries' $1.6 billion A-share IPO via bookrunner Bank of China; and a $377 million Hong Kong listing for International Mining Machinery led by Bank of China and UBS.
Debt Capital Markets
The debt capital markets saw a total of $1.7 billion raised from four trades this week -- pushing year-to-date volume over the $6 billion mark, which is up 25% year-on-year.
Barclays Capital continues to head the league table ranking on $1.6 billion with Deutsche Bank and Citi rounding out the top three on $1.15 billion and $1.14 billion respectively.
Vietnam's $1 billion bond was the biggest trade of the week and led by Barclays Capital, Citi and Deutsche Bank. The deal was the first US dollar-denominated bond from the sovereign since October 2005, when it issued a $750 million bond.
Deutsche Bank and Citi moved into the top three on the back of the Vietnam issue and a $300 million trade for Export-Import Bank of India that was jointly led by these two banks.