Equity Capital Markets
Issuance in the equity capital markets hit $823 million this week bringing total volume for the first quarter to $22.2 billion and overtaking the $16.8 billion raised in the first quarter of 2005 by a clear margin. Goldman Sachs finishes 1Q2006 at the top of the league table rankings with $3.9 billion from 12 issues, well ahead of Nomura in second place with $1.8 billion.
Bank of China International and Morgan Stanley ran Hunan Nonferrous MetalsÆ $229 million IPO, the largest deal of the week. The US house climbed up a notch to seventh place in the tables with $1 billion from 12 issues.
JPMorgan also improved its placing, edging up to ninth position from tenth place with $780 million. Both JPMorgan and UBS ran the books for Hindustan ConstructionÆs $100 million fully marketed deal and $100 million convertible.
Advanced Semiconductor Manufacturing is expected to price its $100 million IPO via Bank of China International and Morgan Stanley next Monday.
Debt Capital Markets
The debt capital markets wound down this week, with only $150 million raised from a single trade but pushing total volume for the quarter to $11.8 billion from 23 deals and exceeding the $8.4 billion generated over the same period last year. First place bookrunner UBS finishes the quarter with $1.9 billion from seven deals, a fraction ahead of Citigroup with $1.7 billion.
Standard Chartered ran Fubon Bank (Hong Kong)Æs $150 million sole trade this week and secured its place in the top 10, sliding into ninth spot with $350 million.
