Equity Capital Markets
This week saw the largest volume of issuance in 2005 so far with $2.8 billion being raised from 15 deals. This was boosted by the $1.4 billion follow on for Sinopec, the largest deal of the year by over $900 million. Sole bookrunner Merrill Lynch soared to the top of the book runners' league table with $1.9 billion from seven offerings. This leaves it over $900 million ahead of UBS sitting in second place. The European house acted as joint books on three IPOs this week. These include the $430 million offering for Jet Airways in India, the $137 million deal for Bursa Malaysia and the $87 million...
