League Table Wrap Feb 18

Encouraging start to the year in both Equity and Debt Capital Markets.

Equity Capital Markets

The advent of the year of the rooster sees JP Morgan sitting on top of the Asia ex Japan ECM table with $569 million raised from four issues. UBS is in third with $479m and last year's runaway leader Goldman Sachs rounds out the top three with $478 million.

This week was a quiet week raising just $82 million although five deals were priced. ABN AMRO and CIMB completed the largest offering of the week - the $38 million accelerated bookbuild for Scomi Group.

It was CIMB's fifth deal of the year and sees the Malaysian house sitting in ninth place with $218 million. ABN AMRO currently resides outside the top ten with $161 million from three transactions.

In comparison to last year it has been a slow start with less than half the amount raised at $5.5 billion against $13.7 billion in 2004. However, this is the third highest volume for the first seven weeks of the year, only marginally less than the figure recorded in 2000.

Jet Airways (India) is set to price a $300 million IPO on Thursday next week. Bookrunners include Deutsche Bank, HSBC, UBS, DSP Merrill Lynch and Kotak Mahindra.

Debt Capital Markets

It has been a solid start to the year with 11 deals being completed for a total of $4.3 billion. The table has a familiar look to it with last years runner-up, Citigroup, in first with $925 million and table topper Deutsche Bank right behind UBS in third.

Just one deal was printed this week - a$150 million trade for Rizal Commercial Banking Corp. UBS ran the books on the five year deal..

Next week BNP, Barclays and Merrill Lynch are set to price an issue for Shinhan Bank. The amount is set at $300m and will be the Korean bank's largest deal to date.

To view current Dealogic League Tables click here.

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