Equity Capital Markets
After China Shenhua Energy's $3.7 billion IPO last week, the equity capital markets showed signs of encouragement with a further $2.5 billion in issuance from 17 deals this week. Total funds raised for the year has now pushed through the $30 billion mark.
Kookmin Bank provided half of the week's issuance with a $1.3 billion bought deal bookrun by JPMorgan. The US house was also involved in a $255 million follow on for Fortune REIT, together with HSBC and UBS. The two deals have pushed JPMorgan into second place in the league table rankings with $3.1 billion, from fifth position last week.
Meanwhile, UBS has been squeezed down...
