Equity capital markets
A total of $1.7 billion was raised from the equity capital markets this week, pushing year-to-date issuance to $7.9 billion. Citic Securities moves up from eighth place last week to lead the league table ranking on $867 million, followed by Goldman Sachs and J.P. Morgan.
China Communications Construction’s $794 million follow-on was the biggest deal of the week and was led by Bank of China, Citic Securities and Guotai Junan Securities. The transaction pushes Citic to first place in the rankings, while Guotai Junan Securities and Bank of China move into the top 10 to take ninth and 10th place, respectively.
Top 10 Asia ex-Japan ECM bookrunner rankings
Debt capital markets
Five Asian borrowers raised a total of $2.2 billion in the G3 debt capital markets this week. The biggest transaction was a $747 million bond for Korea Development Bank (KDB), through bookrunners BNP Paribas, Citi, HSBC, J.P. Morgan, Royal Bank of Scotland, KDB and Deutsche Bank.
So far this year, South Korean borrowers have raised $5.9 billion from 13 deals, which is more than any other country except Hong Kong, where local borrowers have raised $7.2 billion from 14 trades.
The top three banks in the league table remain unchanged with HSBC leading with $4.3 billion, followed by J.P. Morgan and Goldman Sachs.
Top 10 Asia ex-Japan DCM bookrunner rankings