Equity Capital Markets
A total of $1.3 billion has been raised from the equity capital markets this week from 17 issues. Goldman Sachs remains at the top of the league table ranking with $2.0 billion, followed by Deutsche Bank and Guosen Securities on $1.6 billion and $1.4 billion respectively.
The largest deal of the week was Inter Mongolia Junzheng Energy & Chemical Industry’s $456 million IPO led by Guosen Securities.
Deals scheduled to price next week include Bank Mandiri’s $442 million follow-on via Bank Mandiri, Bank of America Merrill Lynch, Citi, Credit Agricole CIB, Deutsche Bank, and PT (Persero) Danareksa; and Iljin Materials’ $158 million IPO via Mirae Asset Securities and Hyundai Securities.
Debt Capital Markets
The debt capital markets saw a total of $4.8 billion raised from five trades this week – the highest weekly volume so far this year. J.P. Morgan leads the league table ranking on $1.8 billion followed by Goldman Sachs on $1.3 billion and HSBC on $1.2 billion.
The largest deal of the week was Asian Development Bank’s $2.8 billion trade, which was led by J.P. Morgan, Goldman Sachs, RBC Capital Markets and HSBC. The deal enabled J.P. Morgan to climb up the ranking from third place last week. HSBC jumped seven places to take the third rung and Goldman Sachs entered the top 10 to sit in second place.
