Equity Capital Markets
Activity in the equity markets dropped to $600 million in issuance this week after the bumper $4.2 billion raised in the previous week. UBS continues to secure the lead position in the league table rankings with $4.5 billion and is trailed by Goldman Sachs and Merrill Lynch.
Goldman Sachs made the biggest gains in the league tables with $3.8 billion from 21 deals, securing second place in the rankings from fourth last week. The US house ran the books on a $250 million convertible for Singapore's Chartered Semiconductor Manufacturing late last week, in addition to Infrastructure Development Finance's $315 million IPO this week together with Kotak Mahindra Finance.
Citigroup edged up the...