Equity Capital Markets
A total of $2.7 billion was raised from the equity capital markets this week, pushing year-to-date issuance over the $8 billion mark. China International Capital Corp (CICC) heads the league table ranking on $1.6 billion, followed by UBS with $852 million and Ping An Securities with $656 million.
CICC jumped to the top of the ranking on the back of China XD Electric's $1.5 billion A-share IPO -- the biggest issue so far this week -- which it led on a sole basis.
Yes Bank raised $226 million from an accelerated bookbuild via bookrunners Calyon, Goldman Sachs and Morgan Stanley. Morgan Stanley moved up a notch in the ranking to fifth place, while Goldman Sachs remains in the eighth spot.
United Co Rusal's IPO is scheduled to price, and will mark the biggest ever listing in Hong Kong from a non-Asian company.
Debt Capital Markets
It was a silent week in the debt capital markets with zero trades. Barclays Capital tops the league table ranking with $1.2 billion, followed by Deutsche Bank and HSBC on $670 million each.