League Table Roundup October 6
The equity capital markets and debt capital markets have a quiet start to the final quarter
October 06, 2006
Equity Capital Markets
China Construction Bank's mammoth $8 billion IPO was the highlight of the week in the equity capital markets and pushed total issuance for the year so far over the $70 billion barrier.
The league table rankings saw some movement as a result, with Goldman Sachs sitting in first place with $6.9 billion, followed by Morgan Stanley and Citigroup.
The largest IPO of the year enabled bookrunners China International Capital Corp, Credit Suisse First Boston and Morgan Stanley to gain some ground in the league tables. Morgan Stanley captured second place from sixth last week, while Credit Suisse First Boston climbed to seventh and China International Capital Corp entered the top 10 to take ninth position.
Singapore's CapitaMall Trust also raised $240 million via a fully marketed follow-on that was led by DBS and UBS.
Debt Capital Markets
The debt capital markets continued at an even pace with $398 million raised from three trades this week.
The league table rankings sees JP Morgan in first place with $4.5 billion from 17 deals while Deutsche Bank and Citigroup round out the top three.
Merrill Lynch, Barclays Capital and Bank of America printed a $300 million trade for South Korea's GS Caltex Corp. Merrill Lynch sits in seventh place in the league tables and is closely followed by Barclays in eighth.
The Republic of Korea's benchmark US dollar offering is scheduled to price shortly and will see bookrunners ABN AMRO, Citigroup, Goldman Sachs and UBS improve their league table numbers.
A $500 million deal for the Socialist Republic of Vietnam should also price soon. Credit Suisse First Boston is leading the trade.
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