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.