League table round up March 24
Equity capital markets hold steady while debt capital markets grind to a halt.
March 24, 2006
Equity Capital Markets
The equity markets kept at a steady pace with $2.2 billion in issuance from 12 deals. Merrill Lynch continues to dominate the league table rankings with over $3.6 billion from 19 deals and is followed by JPMorgan and UBS.
Bank of Communications' $1.9 billion IPO was the biggest issue to hit the market this week and was bookrun by Goldman Sachs and HSBC. The deal pushed Goldman Sachs up to sixth position in the league tables, up from eighth place last week.
The IPO allowed HSBC to re-enter the top ten in the league tables, taking the ninth spot with over $1 billion from five deals. Calyon also squeezed back into the rankings, sitting in tenth place after leading the books on a $222m follow-on for Housing Development Finance Corp.
Debt Capital Markets
The debt capital markets continued to encourage with $1.5 billion raised from two issues. Citigroup leads the field with $2.6 billion from 12 trades with JPMorgan and Deutsche Bank rounding up the top three.
Hutchison Whampoa provided the bulk of the funds raised, with its $1.2 billion issue bookrun by ABN AMRO, Deutsche Bank and HSBC. HSBC edged up to sixth place from seventh in the league tables with over $1 billion from six trades, while ABN jumped to seventh position from ninth last week.
Citigroup snatched first place from JPMorgan in the rankings after running the books with UBS for Wan Hai Lines (Singapore)'s $325 million fundraising and Thai Olefins' $300 million trade, together with Deutsche Bank.
Deutsche Bank remains in third place as does UBS in fourth.
To view the latest Dealogic league tables click here.
