Equity Capital Markets
The equity capital markets saw a steady pace of new deals this week with a total of $2.5 billion raised from 18 issues. UBS continues to lead the field in the league table ranking on $4.9 billion, followed by J.P. Morgan with $3.0 billion and China International Capital Corp (CICC) with $2.96 billion.
China Yurun Food Group's $511 million bought deal was the largest issue of the week and led by Morgan Stanley and UBS. Morgan Stanley remains in eighth place in the league table.
CICC moved up a notch into the top three on the back of Xi'an Shaangu Power's $248 million A-share IPO. Ping An Securities also climbed up a rung to ninth place following a $131 million A-share IPO for Ningbo GQY Video & Telecom Joint-Stock that the domestic house ran on a sole basis.
Issues scheduled to price next week include Samsung Life Insurance's $4.0 billion IPO led by Bank of America Merrill Lynch, Goldman Sachs, Korea Investment & Securities, Morgan Stanley and Shinhan Investment Corp; and a $2.4 billion IPO for Essar Energy via bookrunners Deutsche Bank and J.P. Morgan.
Debt Capital Markets
The debt capital markets saw three trades raise a total of $1.3 billion this week. The top three rankings remain static with Deutsche Bank, Barclays Capital and Citi on $3.2 billion, $2.6 billion and $2.2 billion respectively.
Agile Property Holdings' $650 million bond was the largest trade of the week and led by Bank of America Merrill Lynch, Deutsche Bank, Morgan Stanley and Standard Chartered Bank.
Morgan Stanley also led a $300 million deal for Axiata Group, together with CIMB Group and Goldman Sachs, and moved up a notch in the league table to fourth place with $2.1 billion.
