Dealogic league table roundup, October 29

Equity Capital Markets

A total of $8.4 billion was raised from the equity capital markets this week, split on 22 issues. Goldman Sachs, Morgan Stanley and UBS maintain the top three places in the league table rankings on $17.2 billion, $14.9 billion and $14.3 billion respectively.

Coal India’s $3.4 billion IPO was the largest offering this week and also India’s biggest IPO on record. Bank of America Merrill Lynch, Citi, Deutsche Bank, Enam Financial Consultants, Kotak Mahindra Bank and Morgan Stanley led the deal.

Daqin Railway also raised $2.5 billion from a follow-on A-share offering, bookrun by China International Capital Corp, China Everbright Securities and Essence Securities. China International Capital Corp moved up a notch in the rankings to sit in fourth place with $13.0 billion.

Issues expected to price next week include a $516 million IPO for CJ Land Holdings via bookrunners Bank of America Merrill Lynch, BOC International, Citi and Macquarie Group; and a $168 million IPO for SinoTech Energy led by UBS.

Debt Capital Markets

The debt capital markets saw six deals raise $2.1 billion this week. HSBC continues to lead the field in the league table ranking with $6.3 billion, followed closely by Deutsche Bank with just $1 million less and Morgan Stanley at $6.2 billion.

The largest deals of the week were two $500 million trades for Axis Bank and Korea Gas Corp. J.P. Morgan, Deutsche Bank, RBS, Citi and Bank of America Merrill Lynch led the deal for Axis Bank; while UBS, Goldman Sachs, Deutsche Bank, Citi and Bank of America Merrill Lynch were bookrunners for Korea Gas.

Deutsche Bank moved up a rung in the league table after working on both those deals as well as on Travellers International Hotel Group’s $300 million bond, which it led together with UBS. Bank of America Merrill Lynch also climbed one place to take the seventh spot with $5.1 billion, having also led a $400 million trade for Hidili Industry International Development together with J.P. Morgan, UBS and Citi.

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