League table round up August 12, 2005

Issuance in the Equity Capital Markets tops $50 billion while the Debt Capital Markets languish for a second week

Equity Capital Markets




Issuance in the equity capital markets has punched through the $50 billion mark, achieving the highest weekly volume for the year to date with $4.2 billion from 13 deals. UBS continues to sit at the top of the league table rankings with $4.7 billion and is trailed by Goldman Sachs and Merrill Lynch.



The largest issue of the week was Chunghwa Telecom's $2.5 billion follow on offering that was bookrun by Goldman Sachs, Morgan Stanley and UBS. The Taiwan telecommunications giant also raised $512 million from a fully marketed follow on that was led by Capital Securities Corp.



Goldman Sachs managed to secure second place in the league tables also via its involvement in Taiwan Semiconductor Manufacturing's $1.3 billion follow on together with JP Morgan that was priced late last week.



JP Morgan remains in fourth spot in the rankings.



Hong Kong's Seaspan Corp also came to the market with a $600 million IPO that was run by Citigroup and Merrill Lynch. The US houses retained their fifth and second place rankings from last week with Citigroup also involved in a $350 million accelerated bookbuild for CapitaLand.


Debt Capital Markets




It was another silent week in the debt capital markets with zero trades.



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