Equity Capital Markets
Issuance in the equity capital markets was steady this week with $2.6 billion raised from 19 deals, pushing year-to-date volume close to the $140 billion mark -- it stands at $139.7 billion, up 71% year-on-year.
The league table rankings remain static with UBS, Morgan Stanley and Goldman Sachs at the top three spots in the tables, on $12.3 billion, $11.6 billion and $10.8 billion respectively.
Woori Finance Holdings' $747 million follow-on was the largest deal of the week, and led by Citi, Samsung Securities, UBS and Woori Finance Holdings.
A clutch of IPOs are scheduled to price next week, including China Longyuan Power Corp's $2.3 billion deal led by joint bookrunners UBS and Morgan Stanley; and a $796 million IPO for Emaar MGF Land via Credit Suisse, Deutsche Bank, HSBC, ICICI Bank, Kotak Mahindra Finance, RBS and UBS.
Debt Capital Markets
There was a single trade in the debt capital markets this week -- Power Sector Assets & Liabilities Management Corp's (PSALM) $600 million corporate bond led by UBS, Morgan Stanley and Development Bank of the Philippines.
Regional issuance in 2009 year to date reached $57.1 billion -- more than three times the volume raised in the full year 2008 ($16.8 billion) -- while the number of deals is up 79% to 104.
The top three league table rankings remain unchanged with Deutsche Bank leading on $8.9 billion, followed by HSBC and Barclays on $7.9 billion and $5.5 billion respectively.