Equity Capital Markets
The equity capital markets held steady this week with $221 million raised from 11 issues, pushing year-to-date volume to $16.2 billion -- down 61% from $33.7 billion in the same period last year.
The top 10 banks in the league table remain unchanged. UBS leads the rankings with $2.9 billion, followed by Morgan Stanley with $2.5 billion and Bank of America-Merrill Lynch with $2.2 billion.
Want Want China's $96 million fully marketed follow-on was the largest deal of the week and led by Grand Cathay Securities. Korean company SeenTeo's $13 million deal, which was arranged by Woori Finance Holdings, was the only IPO transaction for the week.
A handful of deals scheduled to price next week include a $2.0 billion (HK$15.7 billion) IPO for China Zhongwang Holdings led by bookrunners CITIC Securities, J.P. Morgan Securities and UBS; and a $175 million right issue for Maybank via bookrunners Credit Suisse, Goldman Sachs and Maybank Investment Bank.
Debt Capital Markets
The debt capital markets were quiet with no trades this week. Volume for the year so far stands at $16.6 billion, an increase of 168% over the comparable period last year when $6.2 billion worth of deals were completed. The deal flow of 15 issues is, however, down 40% year-on-year.
The league table rankings remain unchanged with Deutsche Bank sitting at the top position with $2.5 billion, followed closely by HSBC on $2.4 billion and Barclays Capital with $2.1 billion.
