The equity capital markets held steady this week with $5.8 billion raised from 23 issues, bringing year-to-date volume to $146.1 billion. Goldman Sachs has stretched its lead further in the league table rankings with $15.9 billion, followed by Morgan Stanley on $14.8 billion and UBS with $13.2 billion.
Sun Hung Kai PropertiesÆ $1.4 billion bought deal was the largest issue of the week and led by Goldman Sachs. InnoLux Display Corp raised $1.4 billion from a follow-on offering bookrun by ABN AMRO Rothschild, Credit Suisse and Morgan Stanley. Credit Suisse climbed up a notch in the rankings to take sixth place as it also led a $258 million convertible for China Nickel Resources Holdings together with Deutsche Bank.
Deals scheduled to price next week include Focus Media HoldingÆs $789 million follow-on bookrun by Citi, Credit Suisse and Merrill Lynch; a $760 million follow-on rights offering for Angang Steel via CITIC Group and Morgan Stanley; and a $394 million IPO for Zhong An Real Estate led by Deutsche Bank and JP Morgan.
Debt Capital Markets
The debt capital markets saw $400 million raised from a single trade this week. The league table rankings remain unchanged with Deutsche Bank leading the field on $5.6 billion, followed by Citi on $4.8 billion and Merrill Lynch with $3.8 billion.
HSBC and UBS printed the $400 million deal for Wharf Finance. HSBC currently sits in sixth place in the rankings while UBS takes the fourth spot.