Equity Capital Markets
After four successive weeks of pitiful issuance levels, this week saw the largest amount raised for 10 weeks with $1.5 billion coming from 12 deals.
India again propped up the market with Infosys completing the second largest deal of the year on Thursday. Citigroup, Deutsche Bank, Goldman Sachs and UBS ran the books on a $1 billion tender and ADR offering. This pushed UBS to within $200 million of leader Merrill Lynch at the top of the table.
Citigroup remains in third place while Goldman and Deutsche Bank move up a place each into sixth and seventh respectively. Morgan Stanley slipped down to eighth as a result.
China Shenhua Energy should be...
