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.