Dealogic League Table Roundup November 24

The equity capital markets break through the $100 billion barrier while the debt capital markets hold strong.
Equity Capital Markets

The equity capital markets broke another record this week with volume punching through the $100 billion barrier for the first time. A total of $4.2 billion was raised via 18 issues, with Goldman Sachs and UBS still battling to end the year at the top of the rankings. Goldman Sachs maintained the gap of $1 billion, with $10.0 billion from 32 deals, while UBS sits on $9.0 billion and Credit Suisse on $7.6 billion.

The $1.6 billion follow-on for Infosys Technologies was the largest issue of the week and led by ABN AMRO Rothschild, Banc of America, Deutsche Bank, Goldman Sachs, JP Morgan, Nomura and UBS. Cairn India also raised $824 million via an accelerated bookbuild run by ABN AMRO Rothschild and Merrill Lynch.

Deutsche Bank climbed up a notch in the rankings to take fourth place from Merrill Lynch on the back of Infosys TechnologiesÆ deal as well as KEPCOÆs $515 million convertible together with ABN AMRO Rothschild, Credit Suisse and JPMorgan; and Ishaan Real EstateÆs $393 million IPO together with JPMorgan. JPMorgan also moved up a place in the league tables to sixth with $7.0 billion.

The equity capital markets show no signs of abating with a clutch of deals scheduled to price next week. They include Kingboard Laminates HoldingsÆ $660 million IPO led by Goldman Sachs; China Communications ServicesÆ $292 million IPO via China International Capital Corp and Goldman Sachs; and CapitaRetail China TrustÆs $129 million IPO run by China International Capital Corp, JPMorgan and UBS.

Debt Capital Markets

The debt capital markets continued its pace with $1.2 billion raised via three trades, pushing year-to-date volume over $38 billion. UBS hangs onto the top ranking in the league tables with $4.4 billion and is only $35 million ahead of Deutsche Bank in second place.

Shimao Property HoldingsÆ $600 million deal was the largest of the week and led by Goldman Sachs and Morgan Stanley. Kookmin Bank also raised $500 million via BNP Paribas, Citigroup, Goldman Sachs and HSBC.
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