Equity Capital Markets
Total issuance in the equity capital markets this week hit $2.1 billion from 15 deals. Goldman Sachs continues to reign supreme at the top of the league table rankings with almost $7 billion raised from 30 issues and is followed by Citigroup and Morgan Stanley.
A $1.9 billion fully marketed follow on for South Korea's Hynix Semiconductor provided the bulk of the week's issuance and was led by Citigroup, Credit Suisse First Boston, Deutsche Bank, Merrill Lynch, Woori Finance, Daewoo Securities and Shinhan Securities. The deal pushed Citigroup into second place in the league tables from third last week, while Merrill Lynch climbed a notch to fifth position.
Debt Capital Markets
The debt capital markets were revived this week with three trades totalling $1.9 billion. Citigroup shot to the top of the league table rankings from third place last week with $4.7 billion from 20 deals, while JPMorgan and Deutsche Bank round out the top three.
South Korea's $1 billion sovereign debt was the highlight of the week with Goldman Sachs, ABN AMRO, Citigroup and UBS leading the deal. The trade enabled ABN to move up a spot to eighth place and Goldman Sachs to re-enter the top 10.
The Socialist Republic of Vietnam also raised $750 million via bookrunner Credit Suisse First Boston while UBS printed a $200 million trade for Malaysia's SBB Capital Corp (Labuan). Bookrunners Citigroup, Deutsche Bank and HSBC are scheduled to price a $300 million deal for Nanya Plastics next week. Less than $200 million separates Citigroup from JPMorgan in second place while Deutsche Bank sits only a fraction below in third place.
To view the latest Dealogic league tables click here.
