Equity Capital Markets
The equity capital markets maintained a steady pace this week with $1.2 billion raised from 20 issues, pushing year-to-date volume over the $40 billion mark. Deal value so far this year is down 15% compared to the same period 2008, while the deal flow of 451 issues is actually up 2% year-on-year.
Goldman Sachs heads into the quarter end at the top of the league table with $5.3 billion, followed by UBS on $4.5 billion and J.P. Morgan with $4.4 billion.
CapitaCommercial Trust's $747 million fully marketed deal was the largest issue of the week and led by Cazenove, DBS and UOB. 361 Degrees International raised $233 million from its initial public offering via Bank of America-Merrill Lynch to become the second largest IPO from the region so far this year, behind China Zhongwang Holdings' $1.3 billion listing.
Debt Capital Markets
Shinhan Bank's $500 million bond was the sole trade of the week, led by bookrunners Bank of America-Merrill Lynch, BNP Paribas, Deutsche Bank, HSBC and RBS. It brings year-to-date volume in the debt capital markets to $22.7 billion from 47 deals, which is up 60% from the $14.2 billion raised from 45 trades in the same period 2008.
Deutsche Bank continues to top the league table ranking on $3.7 billion, followed by HSBC with $3.6 billion and Barclays Capital with $2.5 billion.