Equity capital markets
Issuance in the equity capital markets dropped this week to only $1.3 billion, raised from 18 issues, down 87% from the $9.6 billion achieved in the week before and stands as the lowest level since mid-February, when $823 million was raised from 14 deals.
The top three standings in the league table remain unchanged with Goldman Sachs leading with $5.7 billion, followed by UBS and Deutsche Bank.
A $227 million follow-on for Shandong Weigao Group Medical Polymer was the largest issue of the week, led by CICC and Morgan Stanley. Jiangsu Jixin Wind Energy Technology also raised $175 million from an IPO through bookrunner Hongyuan Securities.
Top 10 Asia ex-Japan ECM bookrunner rankings
Debt capital markets
The debt capital markets saw a total of $3.2 billion raised from six trades this week. HSBC leads the league table with $4.7 billion, followed by JPMorgan.
The Republic of Indonesia’s $2.5 billion trade was the largest deal of the week and led by J.P. Morgan, UBS and Deutsche Bank. The deal is also the second-largest deal of the year, lifting the leads into second, third and fourth places in the rankings. Standard Chartered now stands at fifth place, down from second place last week.
Top 10 Asia ex-Japan DCM bookrunner rankings