More companies took advantage of buoyant conditions in the stock market, raising over $1 billion this week alone. Leaders Goldman and Merrill were not involved in any of the placements, but they still sit ontop of the table as the first month draws to a close.
The biggest mover of the week was Citigroup, rising from tenth to fifth spot after running the books on four deals. The US house led the largest deal of the week - a $231 million follow on trade for Vanada Systems as well as the second largest, a $200 million convertible for Nanya Tech. ABN AMRO was co-bookrunner.
Debt Capital Markets
After a quiet week because of the Chinese new year holiday, the market came back to light this week with a whole host of potential borrowers embarking on roadshows around the region. Names include Woori Bank, Kexim and the Republic of Pakistan. Despite this activity, only one deal was actually printed - a ¥30 billion bond for Korea's National Agricultural Co-operative Federation.
The issue was run by Citigroup and Daiwa, pushing the US house to second place in the G3 table with $291 million from two transactions. UBS maintains top spot with Daiwa the only other mover, entering the table in seventh spot on the back of the NACF trade.