Equity capital markets
Eight issuers raised a total of $2.3 billion from the equity capital markets this week. Goldman Sachs remains at the top of the league table ranking with $4.8 billion, followed by Deutsche Bank and Credit Suisse.
Wuhan Iron & Steel’s $1.3 billion follow-on was the largest deal of the week, accounting for the bulk of issuance. GF Securities led the deal, which helped push the domestic Korean house into the top 10.
Baoding Tianwei Baobian Electric’s $382 million follow-on, led by China Merchants Securities, and China NT Pharma’s $242 million IPO, led by Goldman Sachs and UBS, are set to price next week.
Top 10 Asia ex-Japan ECM bookrunner rankings
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Debt capital markets
Issuance reached $1.5 billion this week from four deals, pushing volume for the year so far to $27.3 billion. HSBC leads the field in the league table ranking with $2.8 billion followed by JPMorgan and Deutsche Bank.
The largest deal of the week was Posco’s $700 million issue, led by Goldman Sachs, Deutsche Bank, BNP Paribas and Barclays Capital. The deal pushed Deutsche Bank to third spot, having also worked on the $300 million bond for Fufeng Group with Citi.
Top 10 Asia ex-Japan DCM bookrunner rankings
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