Equity capital markets Volume in the Asian equity capital markets reached $1.1 billion from 18 transactions this week, the lowest weekly deal count in 10 weeks (week of October 3, with eight deals raising $201 million). This brings year-to-date volume to $162.4 billion, down 45% on the $297.6bn completed in the same 2010 period.
Zhejiang Satellite Petrochemical’s $313 million IPO through Guosen Securities was the biggest transaction this week. A $262 million IPO for GS Retail was also completed through Woori Investments & Securities, Korea Investment & Securities and Shinhan Investment Corp, which is the fifth-biggest IPO in the retail sector for the region so far this year.
The top three banks in the league table rankings remain unchanged, with Goldman Sachs taking $13.1 billion, followed by Morgan Stanley and UBS
Top 10 Asia ex-Japan ECM bookrunner rankings
Debt capital markets Two Asian borrowers raised $312 million in the G3 debt capital markets this week, the biggest of which was a $192 million trade for Posco through bookrunner Bank of America Merrill Lynch.
HSBC continues to lead the bookrunner ranking wth $10.2 billion, followed by Citi and Deutsche Bank.
Top 10 Asia ex-Japan DCM bookrunner rankings
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