After several bumper weeks, the equity capital markets saw $565 million raised this week via 20 issues. Goldman Sachs maintains its $1 billion lead over UBS in the rankings, with Credit Suisse sitting in third place.
CapitaRetail China TrustÆs $140 million IPO was the largest deal of the week and bookrun by China International Capital Corp, JP Morgan and UBS. JPMorgan was also involved in Chemoil EnergyÆs $101 million IPO together with UBS; and Neo-China Group (Holdings)Æs $100 million follow-on on a sole basis. The US house currently sits in fifth place in the rankings.
The equity capital markets show no signs of slowing down as the year draws to a close with a number of deals scheduled to price in the coming weeks. China Communications Construction Group (CCCG)Æs $1.8 billion IPO is set to price next week via bookrunners Bank of China, Merrill Lynch and UBS; while China Coal Energy HoldingsÆ $1.5 billion IPO and Cairn IndiaÆs $1.3 billion IPO are scheduled to price the week after.
Debt Capital Markets
The debt capital markets ground to a halt this week with zero trades. Year-to-date volume stands at $38.5 billion, with UBS leading the charge on $4.4 billion, followed by Deutsche Bank and Morgan Stanley.