The equity capital markets continued at an even pace this week with $2.9 billion raised from 35 issues, bringing total volume for the year so far to $98.6 billion. Morgan Stanley remains at the top of the rankings with $10.2 billion followed by UBS with $9.9 billion and Goldman Sachs on $9.2 billion.
UTI BankÆs $652 million fully marketed deal was the largest issue of the week and bookrun by Citi and Goldman Sachs. Citi moved up a notch in the rankings to fifth place having led a clutch of deals including CC Land HoldingsÆ $373 million bought deal with Credit Suisse; Ascendas India TrustÆs $331 million IPO with DBS and JP Morgan; and Shenzhen InvestmentÆs $168 million follow-on on a sole basis.
A number of deals are set to price next week including Simplex ProjectsÆ $132 million IPO led by Securities Trading Corp of India.
Debt Capital Markets
The debt capital markets stirred back to life slightly this week with $222 million raised via a single trade. The league table rankings remain static with Deutsche Bank topping the list on $4.9 billion and Citi and JP Morgan rounding out the top three.
Deutsche Bank printed the sole trade of the week û a $222 million deal for ThailandÆs True Move.
