The equity capital markets saw $2.2 billion raised via 20 issues this week and is fast closing in on the $100 billion mark with volume for the year-to-date standing at $99.7 billion. ECM volume has already surpassed the record $94.1 billion achieved for the full year of 2005.
Goldman Sachs increased its lead over UBS in the league table rankings, leading two deals to stand at $9.7 billion from 30 issues, almost $1 billion ahead of UBS in second place. The US house ran the books for Powerchip Semiconductor CorpÆs $330 million accelerated bookbuild together with Nomura; and also Sinomem TechnologyÆs $51 million convertible on a sole basis.
Citigroup jumped two places to sixth on the back of Tata Consultancy ServicesÆ $201 million bought deal and Punj LloydÆs $32 million follow-on, both led on a sole basis.
Pacific CorpÆs $842 million follow-on was the largest issue of the week and led by Woori Finance Holdings.
The $1.6 billion follow-on for IndiaÆs Infosys Technologies is scheduled to price next week. ABN AMRO Rothschild, Banc of America, Deutsche Bank, Goldman Sachs, JP Morgan, Nomura and UBS are the bookrunners.
Debt Capital Markets
The debt capital markets continued its pace with $913 million raised from four deals. The league table rankings remain static with Deutsche Bank leading the field with $4.4 billion from 27 trades, followed by UBS with $4.2 billion and Morgan Stanley on $3.8 billion.
Citigroup, Deutsche Bank and HSBC printed a $500 million trade for South KoreaÆs KNHC, the largest deal of the week. Canara Bank also raised $250 million via bookrunners ABN AMRO, Citigroup, HSBC and UBS.
Shimao Property HoldingsÆ $500 million deal is scheduled to price shortly and is being led by Goldman Sachs and Morgan Stanley. Goldman Sachs currently sits in ninth place in the rankings.
