Equity Capital Markets
It was another week of slim pickings in the equity capital markets this week with just one deal surpassing $100 million. The total funds raised for the week barely registered in the league table rankings at just $327 million from 11 deals.
Macanese Casino play Melco provided over 50% of this figure followings its $165 million bought deal on Tuesday. Credit Suisse First Boston was sole lead on the deal although it failed to improve its league table ranking and remains in fifth with $1.5 billion.
This leaves Merrill Lynch still in the lead with UBS and Citigroup $450 million and $700 million behind respectively.
Debt Capital Markets
The market continues to stutter along with two transactions priced this week raising a total of $900 million. Leader JPMorgan acted as a joint bookrunner on both - the first was a $500 million trade for Korea Highway Corp, along with UBS and Citigroup.
The second was a $400 million offering for National Agricultural Cooperative Federation (NACF) in tandem with Barclays and BNP Paribas. This pushed the US house up to $2.5 billion for the year from nine deals.
Citigroup reclaimed second spot from Deutsche Bank, but still sits over $800 million behind. Lower down the table BNP Paribas moves into the top 10 for the first time this year in ninth spot with $382 million.
This pushed Merrill Lynch down into 11th with ABN AMRO sliding into tenth place.
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