Equity Capital Markets
The last week of March saw a total of $2.2 billion raised from the equity capital markets, bringing year-to-date volume to $49.2 billion from 356 issues – up slightly from the amount raised in the same period last year.
Goldman Sachs continues to top the league table ranking on $4.8 billion, followed by Deutsche Bank on $3.2 billion. Credit Suisse rounds out the top three with $2.7 billion.
The largest issue of the week was Ascendas Real Estate Trust’s $317 million follow-on, which was led by Citi. The US bank moved into the top 10 to sixth place with $1.9 billion on the back of this transaction.
Deals scheduled to price next week include Wuhan Iron & Steel’s $1.3 billion follow-on led by GF Securities.
Debt Capital Markets
The debt capital markets raised in excess of $2 billion for the second week in a row, with seven trades totaling $2.8 billion. HSBC, J.P. Morgan and Standard Chartered take out the top three rankings in the league table on $2.7 billion, $2.3 billion and $1.8 billion respectively.
Longfor Properties’ $750 million bond, led by Standard Chartered Bank, Morgan Stanley, HSBC and Citi, was the largest deal of the week. The transaction enabled both Citi and Standard Chartered Bank to move up a notch in the league table.
