Investment Banking Scorecard: Thomson Reuters

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• Cross-Border M&A activity totals $883.6 billion, up 127% compared to YTD 2013

Japan M&A activity decreases 12% compared to year ago levels

Australia ECM hits $19.6 billion so far in 2014, up 92% compared to last year

JP Morgan falls to fifth place for worldwide M&A advisory during YTD 2014, down three spots from a year ago

• With a gain of 1.1 market share points, RBC Capital Markets moves into Top 10 for Global ECM for YTD 2014

HSBC, Citi and Credit Suisse are only Top 10 firms to see global DCM market share gains this year

This week's $330 million convertible bond offering from AOL Inc pushed the volume of global convertible debt issuance to $66.9 billion for year-to-date 2014, a 21% increase compared to a year ago and the strongest period for issuance in the asset class since 2008. Technology issuers lead year-to-date activity with 16.5% of volume, followed by energy & power and financials with 13% and 12%, respectively. Companies in the United States, China and Japan account for 65% of volume so far this year.

A $4.5 billion note offering from UBS and American Express Capital Corp's $1.9 billion corporate bond offering brings year-to-date global DCM issuance in the financial sector to $1.8 trillion, a 6% increase compared to last year.

A $1.7 billion three-part global bond offering from CBS Corp brings investment grade corporate debt in the media and entertainment sector to $22.2 billion, a 20% decline compared to this time last year and the slowest year-to-date period since 2011. Cable and broadcasting companies account for 61% of overall media volume this year, up from 56% during year-to-date 2013

Equity capital markets activity from Canadian companies reached $15.6 billion this week with a $500.4 million follow-on offering from Franco-Nevada Corp, which pushed Canada ECM up 60% compared to year-to-date 2013 ($9.8 billion).

The $3.5 billion bid for Comdata Inc by FleetCor Technologies and a $1.7 billion offer for Santa Clara, California- based OmniVision Technologies by an investor group led by China's Hua Capital Management brings worldwide deal making in the technology sector to $167.9 billion for year-to-date 2014, an increase of 54% compared to a year ago and the strongest period for M&A in the sector since 2000. United States targets account for 61% of tech deals so far during 2014 followed by China (13%) and South Korea (5%).

Source - Thomson Reuters

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