Equity capital markets
Activity in the equity capital markets has reached $4 billion through 27 transactions so far this week, up from the $3.2 billion raised during the same 2011 period.
The week’s biggest deal was a $1.1 billion sell-down in NMDC by the government of India through bookrunners Axis Bank, Citi, Bank of America Merrill Lynch, Goldman Sachs and ICICI Bank. The deal also marks the third-biggest Indian ECM transaction so far this year and the second-largest ECM transaction globally in the mining sector in 2012 year-to-date.
The deal helps push Indian ECM volume to $13.9 billion in 2012 year-to-date, up 42% on the $9.8 billion raised in the same 2011 period.
The other notable deal of the week was a $982 million accelerated offering for CLP Holdings through bookrunners Goldman Sachs, J.P. Morgan and UBS. The deal brings global ECM volume in the Utility & Energy sector to $39.3 billion and up 15% year-on-year.
UBS continues to lead the league table rankings with $12.5 billion, followed by Goldman Sachs and Citi.
Debt capital markets
Korea Finance Corp was the only issuer to tap the Asian G3 debt capital markets this week through bookrunners Barclays, Deutsche Bank, Morgan Stanley and Mizuho. This compares to the $1.6 billion raised through four issuers during the same period last week.
The top three banks leading the league table remains unchanged with HSBC taking $18.6 billion, followed by J.P. Morgan and Citi.
