The equity capital markets saw $1.8 billion raised this week via 24 issues. The top 10 league table rankings remain static with Goldman Sachs leading the field on $6.8 billion, followed by UBS with $6.7 billion and Morgan Stanley on $6.6 billion.
Samsung CardÆs $619 million IPO was the largest issue of the week and led by Merrill Lynch and Korea Investment & Securities. Merrill Lynch switched position with Deutsche Bank from eighth place to seventh place.
Deals expected to price next week include RREEF China Commercial TrustÆs $300 million IPO led by Deutsche Bank and HSBC; and a $582 million IPO for KWG Properties run by Morgan Stanley.
Debt Capital Markets
A total of $164 million was raised in the debt capital markets this week from one trade. Deutsche Bank remains fixed at the top of the league tables with $4.7 billion, with Citigroup on $4.2 billion and Merrill Lynch with $2.3 billion.
Citigroup, in second place, narrowed the gap between itself and Deutsche Bank to a $511 million differential in the rankings, after running the books on Kookmin BankÆs $164 million deal that was run on a sole basis.
Merrill Lynch jumped up to third place in the rankings, from fourth last week, on the back of ICICI BankÆs $500 million deal led by Merrill Lynch and Lehman Brothers that was placed late last week.