The equity capital markets saw $4.2 billion raised via 29 issues this week, pushing year-to-date volume over the $150 billion mark. The league table rankings remain unchanged with Goldman Sachs sitting in first place with $16.5 billion, followed by Morgan Stanley on $15.2 billion and UBS with $13.5 billion.
The $888 million fully-marketed deal for Focus Media Holding was the largest deal of the week and led by Citi, Credit Suisse and Merrill Lynch. Citi currently sits in fourth place in the rankings with $11.4 billion while Credit Suisse and Merrill take out the sixth and seventh positions respectively.
Zhong An Real Estate raised $467 million via an IPO bookrun by Deutsche Bank and JP Morgan; Larsen & ToubroÆs $400 million follow-on was led by Lehman Brothers and UBS; and Lenovo Group's $369 million bought deal was bookrun by Goldman Sachs.
A number of deals are scheduled to price next week, including Sinotrans ShippingÆs $1.4 billion IPO led by Bank of China and UBS; Mundra Port & Special Economic ZoneÆs $430 million IPO bookrun by Enam Financial Consultants, IDFC, JM Financial Consultants, Merrill Lynch and SBI Capital Markets; and a $324 million IPO for Asia Pacific Land Japan Trust led by JPMorgan and Lehman Brothers.
Debt Capital Markets
The debt capital markets saw zero trades this week. Industrial Bank of KoreaÆs $523 million trade was priced late last week via bookrunners JPMorgan, Mizuho and UBS. The deal enabled UBS to move up a notch in the rankings to third place ($3.8 billion), behind Deutsche Bank at the top ($5.6 billion) and Citi in the second spot ($4.6 billion).
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