The equity capital markets held steady this week with $740 million raised from 13 issues. The league table rankings remain static with Goldman Sachs in first place with $2.6 billion from 11 deals, while Nomura and Citigroup round out the top three.
China National Building MaterialÆs $232 million IPO was the largest deal of the week and bookrun by Morgan Stanley. The US house crept up to seventh place with $800 million from eighth last week.
Deutsche Bank re-entered the top 10 on the back of a $75 million convertible for IndiaÆs Sical Logistics.
Debt Capital Markets
The debt capital markets ground to a halt this week with zero trades. League table rankings remain as is with UBS sitting at the top with almost $1.9 billion from seven deals, followed by Barclays Capital and Citigroup.
Activity is set to pick up the pace again with roadshows scheduled for the coming week. Bookrunners Citigroup, Deutsche Bank and JPMorgan are leading a $500 million to $1 billion trade for Islamic Republic of Pakistan while HSBC and Morgan Stanley will bookrun a $350 million Eurobond for Swire Pacific.
