The equity capital markets raised $1.5 billion from 16 issues this week. The league table rankings saw JPMorgan slip into the top three just behind Goldman Sachs in first place and Citigroup in second.
Champion REITÆs $811 million IPO was the largest deal of the week and was led by Citigroup, JPMorgan and Merrill Lynch. The issue allowed Citigroup to narrow the gap between itself and frontrunner Goldman Sachs to $601 million while JPMorgan secured its place in the top three with $2.8 billion.
Deutsche Bank ran the books for Keppel LandÆs $191 million convertible and climbed up a notch to seventh place in the rankings with $1.9 billion from 20 deals.
Bank of ChinaÆs $9.8 billion IPO is scheduled to price next week and should see a shift in league table rankings for bookrunners BOCI, Goldman Sachs and UBS.
Debt Capital Markets
The debt capital markets stirred back to life this week with volume reaching $594 million from two trades. UBS continues to sit at the top of the league tables with $2 billion from nine deals and is followed by Citigroup and Deutsche Bank.
Barclays Capital, Credit Suisse and Citigroup printed a $300 million trade for Korea South-East Power. The deal saw Citigroup move up a place to second in the rankings with $1.9 billion from nine trades.
SK Corp also raised $300 million via bookrunners KDB, Morgan Stanley and UBS. Morgan Stanley climbed up to sixth position from seventh last week with $1.2 billion from six deals.
