Equity Capital Markets
The equity capital markets continued at an even pace this week, raising $2.0 billion from 22 issues and bumping up year-to-date volume to $142.4 billion -- 73% higher than in the same period last year. UBS tops the league table ranking on $12.3 billion, followed by Morgan Stanley with $11.6 billion and Goldman Sachs with $10.8 billion.
CNPC (Hong Kong)'s $480 million accelerated bookbuild was the biggest issue of the week and led by Bank of America Merrill Lynch. The US house moved up a notch to sit in eighth place on $6.0 billion.
Kaisa Group raised $445 million from its IPO via bookrunners Bank of China International and Credit Suisse. The Swiss investment house currently sits in sixth place with $8.4 billion.
A handful of deals are scheduled to price next week, including PCD Stores' $353 million IPO led by Credit Suisse; and Bank Tabungan Negara's $233 million IPO via bookrunners Bank Mandiri and CIMB Group.
Debt Capital Markets
It was a silent week in the debt capital markets with zero trades. Deutsche Bank leads the field in the league table ranking with $8.9 billion, followed by HSBC on $7.9 billion and Barclays Capital on $5.5 billion.
Year-to-date volume stands at $57.1 billion, more than double the $16.7 billion raised in the same period last year.