Equity Capital Markets
The equity capital markets raised a total of $4.0 billion from 23 deals this week, with year-to-date issuance now up 88% year-on-year to $16.6 billion. Bank of China leads the field in the league table rankings on $1.8 billion, followed by UBS on $1.6 billion and China International Capital Corp on $1.5 billion.
Bank of China raced to the top of the ranking on the back of the largest deal of the week -- China First Heavy Industries' $1.7 billion A-share IPO that the bank led on a sole basis as well as a $327 million IPO for International Mining Machinery, which was arranged together with UBS.
UBS maintained its position...