Equity Capital Markets
This week saw the second highest issuance figure of the year with $2.7 billion worth of rank eligible volume hitting the market. The largest IPO of the year for China Shenhua Energy contributed $2.4 billion to this total. Bookrunners Merrill Lynch, Deutsche Bank and China International Corp priced the deal - totalling $2.95 billion - on June 8.
The credit pushed Merrill further out into first with $3.6 billion from 18 deals, over $1 billion ahead of UBS in second. Deutsche Bank moved into fourth from seventh with $2 billion. Finally CICC makes its first appearance in the top ten this year with $800 million.
Slipping in almost unnoticed was the largest...