Equity Capital Markets
Equity capital markets issuance continued at a steady pace this week with a total of $4.7 billion raised from 30 deals. The top 10 league table rankings remain unchanged with Goldman Sachs leading the field on $21.1 billion followed by Morgan Stanley with $18.9 billion and UBS at $16.4 billion.
The largest issue of the week was PTT Chemicals’ $1.1 billion bought deal, which was led by Bank of America Merrill Lynch, Credit Suisse, Phatra Securities and UBS.
Avago Technologies also raised $634 million from a block trade via sole bookrunner Deutsche Bank.
Deals scheduled to price next week include China Construction Bank Corp’s $9.2 billion rights offer led by Bank of America Merrill Lynch, Bank of China, China Construction Bank, China International Capital Corp, Citic Securities, Credit Suisse, Morgan Stanley and Haitong Securities; and Changsha Zoomlion Heavy Industry Science & Technology Development’s $1.8 billion Hong Kong IPO via China International Capital Corp, Goldman Sachs, J.P. Morgan and Morgan Stanley.
Debt Capital Markets
The debt capital markets also kept an even pace with $973 million raised from five deals this week. The top 10 league table rankings remain static with HSBC at the top on $8.4 billion and Deutsche Bank and UBS rounding out the top three with $7.8 billion and $6.9 billion respectively.
Hongkong Electric Finance’s $500 million bond was the largest deal of the week and led by Standard Chartered Bank, HSBC and Royal Bank of Scotland.
Yuzhou Properties also raised $200 million from the markets via bookrunners Nomura, RBS and Bank of China.
