Equity Capital Markets
Activity in the equity capital markets picked up this week to a 14-week high of 41 issues raising a total of $5.6 billion. Morgan Stanley surges ahead in the league table ranking to take the top spot with $8.8 billion, overtaking China International Capital Corp on $8.5 billion. Goldman Sachs rounds out the top three with $7.6 billion.
Axis Bank's $714 million follow-on offering was the largest issue of the week and led by Deutsche Bank, Goldman Sachs and J.P. Morgan.
Goldman Sachs also led Sesa Goa's $500 million convertible bond together with Morgan Stanley, which helped push both banks up a notch in the league table.
Deals scheduled to price next...