League Table Wrap October 31

An active week in the markets but Citigroup and HSBC maintain their top billings.
Equity Capital Markets

UBS was the biggest climber in a week where 35 deals were issued for a shade over $2.5 billion. The European house ran joint books on the largest deal of the week - the $387.5 million equivalent IPO for PT Bank Rakyat Indonesia (Persero). This, along with the sole managed $160 million follow on for New World Development in Hong Kong, enabled it to leap frog Goldman Sachs and JP Morgan and move into third.

Goldman Sachs was also active, pushing its credit up to $2.77 billion after running the books on a $230 million placement for Li & Fung.

Citigroup remains top of the tree for the third successive week after arranging two convertibles. The first was a $300 million jointly with Merrill Lynch for Pou Chen Corp of Taiwan, and the second a $200 million transaction for Brilliance China. The gap between first and Merrill Lynch in second remains at just over $200 million as we move into the final two months of the year.

Debt Capital Markets

A total of 20 deals were issued this week in the bond markets although there was little change at the top of the table. Deutsche Bank was involved in two of the four biggest deals of the week, sole managing the $300 million KDB issue and acting as joint books with CIMB on the M$1.85 billion ($487 million) transaction for Malakoff.

Despite this, HSBC pulled yet further ahead after issuing two securitisation issues - a HK$3 billion ($387 million)for HKMC and a HK$2.9 billion ($374 million) taxi loan deal through SPV Lion Synthetic No 1. The UK house moved onto $8.67 billion from 73 deals, almost $3.5 billion ahead of second place Deutsche Bank.

As with ECM, UBS was involved in the biggest issue of the week - the $500 million offering for Kexim. The credit received from this deal, however, could not prevent it slipping from 9th to 10th.