Equity capital markets
Issuers in the equity capital markets raised a total of $1.1 billion from nine issues this week, bringing regional issuance volume to a total of $133.6 billion so far this year. The top 10 rankings remain unchanged with Citic Securities, Goldman Sachs and China International Capital Corp leading the field on $7.9 billion, $7.7 billion and $7.5 billion respectively.
Hynix Semiconductor’s $485 million bought deal was the largest issue of the week. Nomura, Credit Suisse, Shinhan Investment Corp and Woori Finance Holdings arranged the deal. China Mengniu Dairy also raised $156 million from an accelerated bookbuild handled by BNP Paribas.
Deals scheduled to price next week include a $117 million IPO for Ambow Education Holding led by bookrunners J.P. Morgan and Goldman Sachs.
Debt capital markets
The debt capital markets held steady with $1.6 billion raised from seven trades, pushing total volume so far this year to $45.6 billion. Deutsche Bank continues to head the league table ranking with $4.7 billion, followed by HSBC and Citi on $4.1 billion and $3.9 billion respectively.
China Resources Power and Shimao Property both tapped the market for $500 million this week. Goldman Sachs, Morgan Stanley and Credit Suisse led the deal for China Resources Power; while Standard Chartered Bank, Morgan Stanley and HSBC were bookrunners for Shimao Property’s debt raising.
Barclays Capital moved up a notch in the ranking to sit in fifth place, on the back of IDBI Bank’s $350 million bond, jointly led with Standard Chartered Bank, BNP Paribas, HSBC and RBS. Credit Suisse also moved into the top 10 to take 10th place after the China Resources Power deal and a $100 million bond for Berau Capital Resources, led jointly with Deutsche Bank.
