The equity capital markets continued its pace this week with $1.4 billion raised from 15 issues. UBS continues to head the league table rankings with $5.3 billion followed by Morgan Stanley with $5.1 billion and Goldman Sachs on $4.3 billion.
Credit Suisse jumped to sixth place from tenth last week, on the back of China Resources LandÆs $502 million bought deal that it ran on a sole basis; and YTL Corp FinanceÆs $300 million convertible bookrun together with CIMB. Merrill Lynch also moved up a notch to seventh place following a $275 million follow-on for Indiabulls Financial Services led with Goldman Sachs.
A handful of deals are scheduled to price next week, including Taiwan Semiconductor Manufacturing (TSMC)Æs $2.5 billion follow-on bookrun by Goldman Sachs and JP Morgan.
Debt Capital Markets
The debt capital markets picked up this week with $1.4 billion raised from four deals. The top 10 league table rankings remain unchanged with Deutsche Bank, Citigroup and UBS leading the way.
Citigroup and HSBC printed a $500 million trade for Li & Fung while LG Electronics also raised $500 million via bookrunners Deutsche Bank, HSBC, JP Morgan, Korea Development Bank and Morgan Stanley.