It was a subdued week in the equity capital markets with only $58 million raised from six issues. The top three places in the league table rankings remain unchanged with Citi leading the charge on $3.1 billion, followed by JPMorgan with $2.0 billion and UBS on $1.9 billion.
It has taken 108 days for Asia (ex Japan) ECM volume to reach $24.9 billion, compared to 95 days in 2007 and 96 days in 2006.
San Miguel BreweryÆs $243 million IPO is scheduled to price next week via bookrunners Citi, ATR-KIM Eng Capital Partners and BDO Capital & Investment Corp.
Debt Capital Markets
The debt capital markets saw some activity again this week with a total of $637 million raised from two deals. The league table rankings continue to be led by HSBC on $1.6 billion, with Barclays Capital and Lehman Brothers rounding out the top three.
HSBC and JPMorgan printed a $400 million trade for Swire Pacific MTN Financing, the largest deal of the week. JPMorgan also ran the books together with BNP Paribas and Mizuho on Kookmin BankÆs $241 million bond and moved up to sixth place in the league tables from the 10th spot last week.
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