It was a relatively subdued week in the equity capital markets with $397 million raised from 13 issues. Citi, UBS and Credit Suisse remain in the top three rankings of the league table with market shares of 10.3%, 8.8% and 7.5% respectively.
ReneSolaÆs $185 million fully marketed deal was the largest issue of the week and led by Credit Suisse and Deutsche Bank. The German bank currently sits in sixth place in the rankings with a 4.9% share.
Deals scheduled to price next week include China Shanshui Cement GroupÆs $265 million IPO via Credit Suisse and Morgan Stanley.
Debt Capital Markets
The debt capital markets saw a single trade this week û Republic of IndonesiaÆs $2.2 billion sovereign bond via Credit Suisse, Deutsche Bank and Lehman Brothers. Deutsche Bank moved up to take the second spot in the league tables from fourth place last week; Lehman Brothers secured the third ranking from eighth; and Credit Suisse moved into the top 10 to sit in sixth place.
HSBC continues to lead the rankings with a $300 million margin to the runner-up.