The equity capital markets raised $3.2 billion from 10 issues this week, lifting year-to-date volume to $4.9 billion. Citi continues to top the league table rankings with $725 million, followed by JPMorgan on $626 million and Kotak Mahindra Finance with $509 million.
Reliance PowerÆs $3.0 billion IPO, the largest listing globally so far this year and the biggest in India ever, made up the bulk of Asia (ex Japan) issuance this week. ABN AMRO, Deutsche Bank, Enam Financial Consultants, ICICI Bank, JM Financial, JPMorgan, Kotak Mahindra Finance and UBS were the bookrunners. ABN AMRO and UBS remain in fourth and fifth place respectively in the rankings; JM Financial and Enam Financial Consultants sit in equal sixth place; and ICICI Bank and Deutsche Bank jointly take the eighth spot.
Deals scheduled to price next week include ReneSolaÆs $169 million follow-on offering led by Credit Suisse and Deutsche Bank; and OnMobile GlobalÆs $121 million IPO bookrun by Deutsche Bank and ICICI Bank.
Debt Capital Markets
The debt capital markets recorded zero issuance this week.