Dealogic league table roundup, Sept 24

Equity and debt capital markets issuance continues at an even pace this week.
September 24, 2010

Equity Capital Markets

The equity capital markets saw 19 issues raise $2.1 billion this week – driving year-to-date issuance to $174.8 billion, or 91% above the same period last year. The top three league table rankings remain unchanged with Goldman Sachs sitting at the top on $11.1 billion, followed by Morgan Stanley on $10.7 billion and China International Capital Corp with $10.4 billion.

Hengdeli Holdings’ $322 million convertible was the largest deal of the week and led by J.P.Morgan and Standard Chartered Bank. J.P. Morgan sits in sixth place in the ranking with $8.6 billion.

Citi moved up a notch in the league table to take the ninth spot with $5.1 billion on the back of Mapletree Logistics Trust’s $128 million accelerated bookbuild that the US house ran on a sole basis.

Issues scheduled to price next week include IPOs for Winsway Coking Coal ($493 million) via Deutsche Bank and Goldman Sachs; China Ming Yang Wind Power Group ($375 million), led by Morgan Stanley, Credit Suisse and Bank of America Merrill Lynch; and Industrial Securities ($370 million) via sole bookrunner UBS.

Debt Capital Markets

A total of $1.4 billion was raised from the debt capital markets this week, pushing year-to-date volume over the $58 billion mark. Deutsche Bank maintains the lead in the league table with $5.6 billion, followed by J.P. Morgan and UBS on $4.9 billion and $4.7 billion respectively.

A $1 billion bond for Cheung Kong Infrastructure Holdings (via special purpose vehicle PHBS), which was led by J.P. Morgan, was the largest deal of the week. The deal helped catapult the US house into second place from the seventh rung last week.

First Pacific also raised $400 million via bookrunners Credit Agricole CIB and Standard Chartered Bank.

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