The equity capital markets held steady this week with $3.6 billion raised from 19 issues. Goldman Sachs continued to lead the field in the rankings with $13.5 billion from 29 deals, followed by Morgan Stanley on $13.4 billion and UBS with $11.8 billion.
The $2.2 billion bought deal for LG.Philips LCD was the largest issue of the week and led by Citi and Credit Suisse. The US bank moved up a notch to fourth place in the league tables with $9.6 billion while the Swiss house remained in seventh.
Other deals that priced this week include Dah Chong Hong HoldingsÆ $591 million IPO bookrun by BNP Paribas and the $266 million follow-on offering for JA Solar Holdings led by Credit Suisse and Lehman Brothers.
Debt Capital Markets
The debt capital markets saw $1.7 billion raised this week via two deals. The top three rankings remain unchanged û with Deutsche Bank on $5.6 billion, Citi on $4.7 billion and Merrill Lynch with $3.8 billion.
ABN AMRO, BNP Paribas, Merrill Lynch and Morgan Stanley printed a $1.5 billion trade for Export-Import Bank of Korea (KEXIM). Morgan Stanley sits in eighth place in the tables with $1.5 billion while BNP Paribas moved into the top 10 to take the ninth spot with $1.2 billion.
A $170 million issue for Hang Fung Gold Technology was the other deal of the week and led by HSBC, who currently sits in sixth place with $2.6 billion.