It was another slow week in the equity capital markets with just $750 million being raised from nine deals. This makes it the third week in a row the volume has failed to move over the $1 billion mark.
Joint books UBS, Citigroup and Morgan Stanley priced the largest deal of the week on Tuesday - a $400 million convertible for LG Philips LCD. UBS and Citigroup remain in second and third respectively, still some $500 million behind Merrill Lynch in first.
Morgan Stanley moved up two spots into fifth place with $1.1 billion in overall offerings. The US house pushed its counterpart Goldman Sachs down into sixth and...
