Equity capital markets
Issuance in the equity capital markets stayed at an even pace this week with $1.4 billion raised from 16 issues.
The top two standings in the league table remain unchanged, with Goldman Sachs sitting in first place with $2.9 billion followed by Deutsche Bank on $2.1billion. Guosen Securities moved up a notch to sit on the third rung with $1.8 billion.
Changjiang Securities’ $386 million follow-on offering was the largest issue of the week, led by Changjiang Financing Services and Orient Securities. Shenzhen Jasic Technology also raised $224 million from an IPO in Shenzhen-Chinext via bookrunner Guosen Securities.
Debt capital markets
Borrowers raised a total of $1.5 billion from five trades in the debt capital markets this week, pushing year-to-date volume to more than $18 billion. HSBC leads the league table ranking with $1.8 billion, followed by J.P. Morgan and Standard Chartered on $1.7 billion and $1.3 billion, respectively.
A $639 million trade for SK Engineering & Construction was the largest deal of the week and led by Hana Bank and KDB. Posco Engineering & Construction also raised $380 million from the markets in a deal led by HSBC and KB Investment & Securities.
Barclays Capital moved up a notch in the league table to sit in eighth place with $766 million, on the back of Hong Leong Bank’s $300 million bond, which it worked on alongside Standard Chartered and RBS.
