Equity Capital Markets
Issuance reached $3.8 billion this week from 23 deals pushing volume for the year so far over the $247 billion mark to stand at the highest year-to-date level ever. Goldman Sachs leads the field in the league table ranking with $20.1 billion followed by Morgan Stanley and UBS on $16 billion and $15.2 billion respectively.
Sino Land’s $663 million follow-on was the largest offering this week and led by Goldman Sachs.
Issues expected to price next week include a $1.6 billion follow-on for India's Power Grid Corp via bookrunners Goldman Sachs, ICICI Bank, J.P. Morgan and State Bank of India and a $310 million IPO for Mewah International led by BNP Paribas...