League Table Roundup December 9

Equity Capital Markets still running strong while Galaxy and UOB keep the Debt Capital Markets afloat.

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 improved its league table standing via Prosperity Reit's $247 million IPO that was bookrun together with JPMorgan.

Guangzhou Investment Reit's $230 million IPO is scheduled to price next week via bookrunners Citigroup, DBS and HSBC.

Debt Capital Markets

The debt capital markets held steady this week with volume reaching $1.1 billion from three trades. The top three league table rankings remain static with Citigroup out in front with $5.7 billion, followed by Deutsche Bank and JPMorgan.

Merrill Lynch and Morgan Stanley printed a $600 million trade for Galaxy Entertainment, the largest deal of the week. Morgan Stanley re-entered the top 10 to take eighth place while Merrill Lynch sits in seventh. A $500 million facility for UOB was bookrun by Credit Suisse First Boston, Deutsche Bank and JP Morgan. The deal pushed Credit Suisse up a notch in the rankings to fourth place.

To view the latest Dealogic league tables click here.

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