Equity Capital Markets
Issuance volumes in the equity capital markets were steady this week with $1.0 billion raised from 15 issues, pushing year-to-date issuance over the $75 billion mark -- now down only 2% year-on-year. The deal flow of 748 issues so far this year is up 8% over the comparable period in 2008.
The top 10 league table rankings remain unchanged with China International Capital Corp, Morgan Stanley and UBS leading the field on $7.6 billion, $7.4 billion and $6.7 billion respectively.
Olam International's $400 million convertible was the largest issue of the week and led by J.P. Morgan and Standard Chartered Bank. The US investment house sits in fourth place in the ranking...
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