Equity capital markets
There was a total of $1.3 billion of activity in Asia’s equity capital markets through six issues this week, pushing year-to-date issuance to $123 billion — an 18% decrease compared to the same period last year.
Goldman Sachs remains at the top of the bookrunner ranking with $10.4 billion, followed by Morgan Stanley and UBS.
GD Power Development’s $862 million equity-linked issue was the largest deal of the week and led by UBS, China Merchants Securities and Shenyin & Wanguo Securities.
Issues scheduled to price next week include a $60 million follow-on for China Agri-Products Exchange led by Kingston Securities.
Top 10 Asia ex-Japan ECM bookrunner rankings
Debt capital markets
One issuer tapped the debt capital markets for $1 billion this week, bringing volume for the year so far to $67.3 billion — which is up 31% over the same period last year.
HSBC leads the field in the league table ranking, with $8.5 billion, followed by Citi and Deutsche Bank.
Asian Development Bank’s $1 billion bond was the only deal of the week and led by Morgan Stanley and Goldman Sachs.
Top 10 Asia ex-Japan DCM bookrunner rankings