Dealogic league table roundup, May 14

Equity Capital Markets

Issuance reached $3.3 billion this week from 20 deals -- pushing volume for the year so far over the $76 billion mark to the highest year-to-date level ever. Goldman Sachs now leads the field in the league table ranking with $5.4 billion followed by UBS and J.P. Morgan on $4.9 billion and $4.5 billion respectively.

Goldman Sachs has jumped to the top of the rankings (from third place last week) on the back of Ping An Insurance (Group)'s $1.2 billion accelerated bookbuild, which was the largest issue of the week. Goldman led the transaction on a sole basis.

Hynix Semiconductor raised $500 million from a convertible bond via Credit Suisse, KDB, Korea Exchange Bank, NACF, RBS, Shinhan Investment Corp and Woori Finance Holdings.

Haitong Securities moved up a notch in the ranking to sit in sixth place with $2.7 billion following a $220 million A-share IPO for Hainan Honz Pharmaceutical that the domestic house ran on a sole basis.

Deals scheduled to price next week include a $329 million rights issue for United Gene High-Tech Group led by Grand Investment (Securities).

Debt Capital Markets

A total of $1.4 billion was raised from the debt capital markets via five trades this week, bumping up year-to-date issuance to $28.6 billion -- a 22% increase over the same period last year. Deutsche Bank continues to head the league table ranking on $3.4 billion followed by Citi and Barclays Capital on $2.7 billion and $2.6 billion respectively.

A $600 million deal for Melco Crown Entertainment was the biggest transaction of the week and led by ANZ, Bank of America Merrill Lynch, Citi, Commerzbank Group, Credit Agricole CIB, Deutsche Bank, National Australia Bank, RBS and UBS.

Korea Resources Corp (Kores) also raised $300 million via bookrunners HSBC, KDB, Morgan Stanley and Standard Chartered Bank. The trade enabled Standard Chartered to move up a rung in the league table to sit in 10^th place with $1.0 billion.

Bank of America Merrill Lynch, Bank of China, J.P. Morgan and UBS printed a $300 million trade for Renhe Commercial Holdings, which coupled with the Melco Crown bond pushed regional high-yield volume to a year-to-date high of $6.6 billion from 19 deals, compared to zero issuance over the same period last year.

Click here to view the latest Dealogic League Tables