Equity Capital Markets
Issuance in the equity capital markets shows no signs of abating with volume reaching $1.1 billion from nine deals this week. Morgan Stanley regained the top position in the league table rankings with $7.4 billion from 31 issues, increasing its margin by around $400 million over Goldman Sachs in second place.
Morgan Stanley's involvement in a handful of deals this week pushed the US bank back to the number one placing in the league tables. Together with Merrill Lynch, the US houses ran the books on a $489 million follow on offering for India's Hindalco Industries. Morgan Stanley was also the sole bookrunner for a couple of deals from China.
Samson Holdings raised $245 million via an IPO as did Vimicro International Corp with $87 million.
Debt Capital Markets
The debt capital markets were kept afloat this week with two trades totalling $899 million. Citigroup sits just ahead of Deutsche Bank in the league table rankings with $5.1 billion from 23 deals while JPMorgan is in third place.
The largest deal of the week was a $500 million trade for Korea Development Bank led by Barclays Capital, Credit Suisse First Boston and Morgan Stanley. The deal enabled Credit Suisse First Boston to climb a notch in the league tables to fifth place and Morgan Stanley to re-enter the top 10 in the tenth spot.
Hyundai Capital Services raised $400 million via bookrunners JPMorgan, Merrill Lynch and UBS. UBS sits in fourth place and Merrill Lynch in seventh. Although Citigroup was not involved in any deals this week, the US bank printed a $473 million trade late last week for South Korea's KNHC together with Deutsche Bank, HSBC and Morgan Stanley.
To view the latest Dealogic league tables click here.