Equity Capital Markets
Issuance dropped back to $657 million from 10 deals in the equity capital markets this week after the $3.1 billion achieved in the previous week. League table rankings remain unchanged with Goldman Sachs sitting in first place with $6.4 billion from 27 issues followed by Citigroup and UBS.
HSBC Securities and Merrill Lynch ran the books for a $237 million bought deal for Hong Kong's Techtronic Industries. Merrill Lynch is ranked fourth in the tables and HSBC is tenth.
Goldman Sachs will launch a $200 million IPO for China Yurun Food next week with pricing scheduled to take place the week after.
Debt Capital Markets
After a subdued month of August in the debt capital markets, volume this week reached $1 billion from four trades. Total volume for the year so far stands at just over $25 billion from 70 deals.
Bookrunners Citigroup, Deutsche Bank and UBS printed a $1 billion deal for the Republic of the Philippines. The facility pushed Deutsche Bank to second position in the league table rankings and UBS to fourth place from fifth last week.
Citigroup continues to lead the league tables with $3.9 billion from 18 trades with Deutsche Bank and JP Morgan rounding out the top three.
A $500 million to $1 billion trade for Korea Development Bank is expected to price later today (Friday) with HSBC, JP Morgan and Merrill Lynch leading the deal.
Road shows for a benchmark trade for Singapore's Temasek Holdings will be held next week via bookrunners Deutsche Bank and JP Morgan with pricing to follow shortly after.
To view the latest Dealogic league tables click here.