Equity Capital Markets
The equity capital markets raised $4.6 billion from 30 issues this week, pushing year-to-date regional volume to $191.7 billion. The top three league table rankings remain unchanged with Goldman Sachs at the top on $14.9 billion, followed by Morgan Stanley with $11.8 billion and China International Capital Corp (CICC) at $11.5 billion.
Xinjiang Goldwind Science & Technology’s $916 million Hong Kong IPO was the biggest deal of the week and led by CICC, J.P. Morgan, Citi, Goldman Sachs and Haitong Securities.
Citi moved up a notch in the rankings to ninth place with $6.0 billion, having also worked on AU Optronics Corp’s $800 million equity-linked issue together with Goldman Sachs, UBS, Standard Chartered Bank and Bank of America Merrill Lynch; Mongolian Mining’s $651 million IPO that it led with J.P. Morgan; and a $202 million fully-marketed deal for Tata Motors, with joint bookrunner Credit Suisse.
Issues scheduled to price next week include a $473 million IPO for Malaysia Marine & Heavy Engineering Holdings via bookrunners Credit Suisse, Maybank Investment Bank and J.P. Morgan; and Springland International Holdings’ $434 million IPO, which is led by DBS and Morgan Stanley.
Debt Capital Market
This week saw three trades raise a total of $336 million, bringing volume for the year so far to $63.3 billion. Deutsche Bank continues to head the league table rankings on $5.8 billion, with HSBC and J.P. Morgan rounding out the top three on $5.7 billion and $5.3 billion respectively.
SM Investments Corp’s $186 million bond was the largest issue of the week and led by HSBC and Citi. Citi climbed up a rung in the league table to fifth place with $4.7 billion on the back of this deal.
