Equity Capital Markets
Equity capital markets issuance totalled $3.3 billion from 14 issues this week, the highest weekly level seen since the week commencing May 10, when $4.2 billion was raised. UBS took the top spot away from Goldman Sachs in the league table rankings with $5.8 billion, followed by Goldman Sachs on $5.4 billion and J.P. Morgan with $4.5 billion.
Industrial Bank's $2.6 billion rights issue was the biggest deal of the week and led by Credit Suisse Founder Securities, Industrial Securities and UBS Securities. The deal enabled the Swiss houses to move up the league table ladder, with UBS climbing up a notch to number one, and Credit Suisse jumping into the top...