Equity Capital Markets
Activity in the equity capital markets picked up the pace this week with issuance totaling $3.1 billion from 14 deals, pushing volume for the year-to-date through the $40 billion barrier. UBS heads the league table rankings with $4.4 billion and is followed by Merrill Lynch and JPMorgan.
The largest deal for the week was a $1.9 billion follow on for LG Philips LCD that was bookrun by ABN AMRO Rothschild, Citigroup, Morgan Stanley and UBS. ABN AMRO's involvement enabled the bank to re-enter the top 10 rankings, while Citigroup crept up to fourth place from fifth last week.
An $884 million accelerated bookbuild for Korea's SK Corp also allowed...