League Table Roundup September 8

The equity capital markets hold steady while South Korea revives the debt capital markets
Equity Capital Markets

The equity capital markets continued at an even pace this week with $384 million raised from 10 issues. The top three positions in the league table rankings remain static with Goldman Sachs sitting firmly in first place with $8.4 billion from 23 deals, followed by UBS and Citigroup.

The $113 million IPO for ChinaÆs New Oriental Education & Technology Group was the largest issue of the week and was led by Credit Suisse and Goldman Sachs. JPMorgan ousted Morgan Stanley from fourth place on the back of China Sun Bio-chem Technology GroupÆs $100 million convertible, running the books on a sole basis.

China Merchants BankÆs $2.6 billion follow-on is scheduled to price next week. China International Capital Corp, JPMorgan and UBS are leading the deal.

Debt Capital Markets

The debt capital markets revived with a bang this week with $1.8 billion raised from five trades. Morgan Stanley continues to lead the field in the league table rankings with $3.2 billion from nine deals while Deutsche Bank pushed Citigroup down to third place.

A clutch of Korean borrowers tapped the market this week, led by Woori BankÆs $500 million deal that was bookrun by ABN AMRO, JPMorgan, Merrill Lynch and Woori Finance. Hana Bank also followed suit with a $400 million trade led by Barclays Capital, BNP Paribas and Deutsche Bank.

Merrill Lynch climbed up a notch in the rankings to eighth place and also ran the books for Small Business CorpÆs $400 million deal together with Credit Suisse and UBS. Deutsche Bank nabbed second place after also bookrunning deals for KDBÆs $300 million medium-term note on a sole basis and Media Nusantara CitraÆs $168 million trade together with Andalan Artha Advisindo.