The equity capital markets held steady this week with $815 million raised from five issues, pushing year-to-date volume over the $32 billion mark û down 21% compared to the same period last year when $41.1 billion was raised from 486 deals. Citi reclaimed the top spot in the rankings with $3.3 billion from 12 issues, followed by Credit Suisse on $2.8 billion and UBS with $2.7 billion.
The largest issue of the week was China Shenhua EnergyÆs $708 million bought deal led by UBS. The Swiss investment house moved up a notch in the league tables from fourth place last week.
Deals scheduled to price next week include E-Land China HoldingsÆ $306 million IPO via bookrunners Citi, Goldman Sachs and UBS; and a $272 million IPO for Asia Cement (China) Holdings led by BNP Paribas and RBS.
Debt Capital Markets
The debt capital markets fell quiet again this week with zero trades.