Dealogic league table roundup, July 10

The debt capital markets spring back to life with three US dollar trades.

Equity Capital Markets

Issuance in the equity capital markets fell back to $578 million this week from 15 deals -- the lowest weekly level since the first week of March when $27 million was raised from eight issues. The league table rankings remain static with Goldman Sachs leading the field on $5.3 billion, followed by Morgan Stanley with $4.84 billion and J.P. Morgan close behind on $4.76 billion.

A $983 million fully-marketed deal for Neptune Orient Lines was the biggest issue for the week and led by DBS, HSBC, J.P. Morgan and Morgan Stanley. China's Your-Mart raised $143 million from the A-share market via an IPO led by Huatai Securities.

Deals scheduled to price next week include Sichuan Expressway's $334 million A-share follow-on via China Galaxy Securities; a $220 million rights issue for Golden Agri-Resources led by BNP Paribas, Credit Suisse and UBS; and Pacific Andes (Holdings)'s $143 million rights offer via bookrunners Cazenove and HSBC.

Debt Capital Markets

The debt capital markets stirred back to life this week raising a total of $2.5 billion from three deals -- the highest weekly level since the second week of April when $4.5 billion was raised from two trades. Deutsche Bank continues to top the league table rankings on $4.4 billion with HSBC and Barclays Capital rounding out the top three on $3.6 billion and $2.8 billion respectively.

Export-Import Bank of Korea (KEXIM)'s $1.5 billion bond was the biggest issue of the week and led by Bank of America-Merrill Lynch, Barclays Capital, Credit Suisse, Deutsche Bank and Morgan Stanley. Korea Gas Corp and ST Engineering also raised $500 million each.

Morgan Stanley moved up a couple of notches in the rankings to sit in sixth place on the back of the trades for Kexim and ST Engineering, the latter jointly run with Deutsche Bank.

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