Equity capital markets
Equity capital markets activity this week totalled $1.6 billion from 16 issues — driving year-to-date volumes to $108.7 billion, down 17% from the $131.1 billion during the same period last year. The top three league table rankings remain unchanged with Goldman Sachs on $9.7 billion, followed by Morgan Stanley and Deutsche Bank.
Bumi Armada’s $888 million deal was the biggest IPO in Malaysia since Petronas Chemicals raised $4.15 billion in November last year and the second-biggest listing in Southeast Asia this year after the Singapore IPO of Hutchison Port Holdings Trust, which raised $5.45 billion. CIMB, Credit Agricole, Credit Suisse, Maybank, RHB Capital and UBS led the deal.
Top 10 Asia ex-Japan ECM bookrunner rankings
Debt capital markets
It was a silent week in Asia’s G3-currency debt capital markets with zero trades. Needless to say, HSBC still tops the league table ranking, followed by Citi and Deutsche Bank.
Top 10 Asia ex-Japan DCM bookrunner rankings