Equity Capital Markets
UBS has climbed up a rung to sit at the top of the equity capital markets league table ranking with $2.7 billion, followed by Haitong Securities and Bank of China with $2.5 billion and $2 billion respectively.
Hynix Semiconductor's $818 million bought deal was the largest deal of the week and led by Credit Suisse, Nomura and Woori Finance Holdings. The Swiss house moved into the top 10 to take 10th place, having also led a $161 million equity-linked issue for CapitaCommercial Trust on a sole basis; and a $160 million accelerated bookbuild for Trina Solar together with Barclays Capital and Goldman Sachs.
UBS reclaimed the top spot in the rankings on the back of NMDC's $2.3 billion follow-on offering that priced late last week, which it led together with Citi, Edelweiss Capital, Kotak Mahindra Finance, Morgan Stanley and RBS. UBS was also involved in a $198 million equity-linked transaction for China Green (Holdings) with joint bookrunner Macquarie Group this week.
Citi climbed two notches in the league table to take fourth place on $1.9 billion on the back of the NMDC issue and a $215 million convertible for Ruby Assets that the US bank ran on a sole basis this week.
The NMDC deal also pushed Kotak Mahindra Finance up three spots in the rankings to seventh place with $1.3 billion and Morgan Stanley into the top 10. The US investment bank is in eighth place with $1.2 billion.
Deals scheduled to price next week include Zhongsheng Group's $413 million IPO via bookrunners Bank of China, Morgan Stanley and UBS; and a $297 million IPO for Miclyn Express Offshore led by J.P. Morgan, Macquarie Group and Morgan Stanley.
Debt Capital Markets
It was a quiet week in the debt capital markets with zero trades. Deutsche Bank leads the ranking with $2.2 billion followed by Barclays Capital and HSBC on $1.9 billion and $1.7 billion respectively.