Equity Capital Markets
The equity capital markets raised a total of $4.2 billion via 15 issues this week, which marks the highest weekly issuance in nine weeks. The previous high was the final week of July, which saw $4.6 billion of deals.
Volume was driven by Sinhydro Group’s $2.1 billion A-share IPO, which was led by Bank of China and China Securities, and Citic Securities’ $1.7 billion new listing in Hong Kong via bookrunners Agricultural Bank of China, Bank of China, Bank of Communications, China Construction Bank, Citic Securities and Industrial and Commercial Bank of China.
Sinhydro Group’s IPO is the fifth largest ECM transaction so far this year in Asia ex-Japan and the second largest new listing. Citic Securities' Hong Kong IPO ranks as the fourth largest new listing in the region in 2011.
The top three banks in the league table remain unchanged. Goldman Sachs tops the ranking with $11.4 billion, followed by Morgan Stanley with $9.4 billion and UBS with $6.1 billion.
Top 10 Asia ex-Japan ECM bookrunner rankings
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Debt Capital Markets
E-Mart’s $300 million trade was the only issue in the debt capital markets this week. The deal was led by Citi, BNP Paribas, DBS and Credit Agricole.
HSBC remains at the top of the league table ranking with $8.6 billion, followed by Citi and Deutsche Bank on $5.6 billion and $5.1 billion respectively.
Top 10 Asia ex-Japan DCM bookrunner rankings
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