Equity Capital Markets
Dealflow was sluggish again this week with just $630 million raised from sixteen offerings. Just one deal broke through the $100 million barrier as the year to date volume moved up to $21.6 billion, down from $33.6 billion in the same period last year.
India again provided the bulk of the volume with the $280 million follow on for Satyam Computer Services. Joint bookrunners Citigroup, JPMorgan and Merrill Lynch ran the deal. The deal failed to make any impression on the league table rankings, although Merrill Lynch pushed its lead out at the top to $400 million.
UBS remains in second on $2.4 billion with Citigroup in third and JP Morgan in fourth.
Debt Capital Markets
For the fifth week in a row just one trade was printed in the Asian debt capital markets. The Republic of the Philippines completed a $750 million tap. Deutsche Bank, HSBC and JPMorgan acted as leads on the deal.
HSBC was the largest gainer of the week, jumping up two places into sixth place ahead of Credit Suisse First Boston and Morgan Stanley. Leader JPMorgan extended its lead at the top of the table to $400 million over Citigroup while Deutsche Bank remains in third, but sits just $200 million behind the US house.
To view latest Dealogic league tables click here.
