Equity capital markets
Activity in the equity capital markets reached a total of $6.5 billion through 30 deals during the past week, more than double the $2.7 billion raised the previous week. In terms of number of deals, it is the highest weekly level since the last week of December 35 transactions with $9 billion.
Gansu Jiu Steel Group Hong Xing Iron Steel’s $1.3 billion follow-on through bookrunner Guotai Junan Securities was the biggest deal of the week. The deal is also the region’s second-biggest deal so far this year and has enabled the bookrunner to jump to fifth place on the league table ranking.