Equity Capital Markets
It was a bumper week in the equity capital markets with issuance reaching $4.6 billion from 23 deals, pushing total volume for the year-to-date over the $30 billion mark. Goldman Sachs continues its reign at the top of the league table rankings but the week saw Morgan Stanley and Citigroup snatch second and third places from long standing Nomura and UBS.
CNOOCÆs $1.9 billion follow on was the largest issue of the week and was led by Credit Suisse, Goldman Sachs and JP Morgan. The deal further strengthened...