The equity capital markets held steady this week with $268 million raised from 10 deals, bringing year-to-date volume to $8.2 billion from 86 issues. JPMorgan tops the league tables with $1.6 billion from six deals, having surpassed Citi thanks to the $920 million convertible that it arranged for CapitaLand before the Lunar New Year holidays. Citi is second with $768 million, followed by Deutsche Bank with $691 million.
The largest deal of the week was a $180 million convertible for TaiwanÆs Asia Cement Corporation led by Morgan Stanley. The US investment bank is ranked tenth in the league tables with $353 million.
GSS America InfotechÆs $37 million IPO is set to price next week via Religare Securities and Edelweiss Capital.
Debt Capital Markets
The debt capital markets remained quiet with only one trade this week. Singaporean Petra FoodsÆ $5 million corporate bond was the only issue for this week. The rankings remain unchanged with HSBC sitting in first place with $965 million. Barclays and Lehman Brothers round out the top three.
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