The equity capital markets raised $244 million from eight issues this week û the third consecutive week with volumes in the region being below $300 million. Year-to-date volume has reached $54.5 billion, less than half of the $115.8 billion raised in the same period last year and the lowest year-to-date level since 2004 when it stood at $53.2 billion.
Citi maintains its lead in the league table ranking with $4.7 billion from 19 issues, followed by UBS with $3.8 billion and Credit Suisse close behind on $3.7 billion.
United TractorsÆ $382 million follow-on offering was the largest deal of the week and led by sole bookrunner UBS. The Swiss house edged up a notch in the league table on the back of the fully marketed deal.
Deals scheduled to price next week include KS Energy ServicesÆ $128 million follow-on via bookrunner Kim Eng Securities.
Debt Capital Markets
It was a silent week in the debt capital markets with zero trades. HSBC, Deutsche Bank and Citi take out the top three positions in the league table ranking with $2.6 billion, $2.2 billion and $1.6 billion respectively.
Year-to-date volume stands at $16.5 billion from 56 trades û down 47% compared to the $31.2 billion raised in the same period last year.
¬ Haymarket Media Limited. All rights reserved.
