Dealogic league table roundup, September 4

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 with $6.7 billion.

Deals scheduled to price next week include Oil India's $672 million IPO via bookrunners Citi, HSBC, JM Financial and Morgan Stanley; and a $120 million follow-on for Dongbu Steel led by Dongbu Group and Tong Yang Securities.

Debt Capital Markets

The debt capital markets stirred back to life this week, raising $1.9 billion from four trades. Deutsche Bank tops the league table ranking on $4.9 billion, followed by Citi on $4.4 billion. HSBC is close behind, also on $4.4 billion, separated by only a $52 million margin.

Korea National Housing Corp's $750 million bond was the largest deal of the week and led by Bank of America Merrill Lynch, Citi, Goldman Sachs, Morgan Stanley and UBS. Citi moved up a notch in the league table on the back of this deal.

J.P. Morgan climbed two places in the ranking to sit in the eighth spot with $1.9 billion, having also worked on PSA International's $500 million trade together with DBS and Nomura; and a $300 million bond for Country Garden Holdings that the US house ran on a sole basis.