Dealogic league table roundup, August 7

Equity Capital Markets

The equity capital markets raised a total of $4.7 billion from 20 issues this week -- of which IPO volume accounted for 63% of deal value. China International Capital Corp maintains its place at the top of the league table ranking with $7.6 billion, followed by Morgan Stanley on $7.1 billion and J.P. Morgan with $6.5 billion.

Morgan Stanley moved up a notch in the ranking and narrowed CICC's lead, having been involved in three out of the top five deals this week. The US house led Adani Power's $733 million IPO with Bank of America Merrill Lynch, Enam Financial Consultants, ICICI Bank, IDFC, JM Financial, Kotak Mahindra Finance and SBI Capital Markets; a $648 million listing for Avago Technologies together with Barclays Capital, Citi and Deutsche Bank; and GCL Poly Energy Holdings' $475 million deal with Bank of China and UBS. Morgan Stanley also led KGI Securities' $286 million accelerated bookbuild on a sole basis.

The largest issue of the week was Everbright Securities' $1.6 billion A-Share IPO, bookrun by Orient Securities -- the region's second largest listing so far this year behind China State Construction Engineering Corp's $7.3 billion IPO last month.

Deals scheduled to price next week include NHPC's $1.3 billion IPO via bookrunners Enam Financial Consultants, Kotak Mahindra Finance and SBI Capital Markets; and Xinxing Ductile Iron Pipes' $514 million follow-on offering led by UBS.

Debt Capital Markets

The debt capital markets surged ahead this week, raising $5.3 billion from four trades -- the highest weekly volume seen on record. Deutsche Bank continues to lead the field in the league table ranking with $4.9 billion, with Citi and HSBC rounding out the top three on $4.3 billion and $4.1 billion respectively.

Petroliam Nasional (Petronas)'s $3.0 billion international bond and $1.5 billion sukuk issue were the two largest deals of the week -- and combined marks the largest G3 bond from the region since Hutchison Whampoa's $5 billion trade in November 2003. CIMB, Citi and Morgan Stanley led Petronas's deal and saw their league table standings improve -- Citi jumped to the second rung from fifth place last week, while Morgan Stanley moved up a couple of notches to fourth place on $3.4 billion, and CIMB entered the top 10 to take the ninth spot with $1.5 billion.

UBS also climbed the league table to take the seventh spot on the back of Majapahit Holdings' $750 million bond together with Barclays Capital, and Matahari International's $117 million trade, which it led with Citi.