Equity Capital Markets
The equity capital markets showed no signs of abating this week with $3.6 billion raised from 30 issues. Morgan Stanley leapt to the top of the league table rankings with $8.4 billion from 34 deals, nudging Goldman Sachs down to second place and UBS to third.
ICICI's $1.5 billion fully marketed follow on accounts for 42% of the week's issuance and was led by Merrill Lynch, Morgan Stanley and Nomura. Merrill Lynch edged up a position in the league tables to fourth place, while Nomura sits outside of the top 10.
Morgan Stanley made gains on its ranking as sole bookrunner for SK Telecom's $185 million accelerated bookbuild. Merrill Lynch also...