The equity capital markets raised $851 million this week via nine deals, bringing year-to-date volume to $42.1 billion from 367 issues. The league table rankings remain unchanged with Citi, UBS and Credit Suisse sitting in the top three places with market shares of 10.5%, 8.3% and 7.5% respectively.
Shandong Chenming Paper Holdings' $410 million fully marketed deal was the largest issue of the week and led by Guotai Junan Securities and Macquarie Group. KSK Emerging India Energy Fund raised $199 million from its IPO via Liberum Capital, while Credit Suisse ran the books for Chongqing Machinery & ElectricÆs $167 million IPO.
Deals scheduled to price next week include ReneSolaÆs $226 million follow-on offering via bookrunners Credit Suisse and Deutsche Bank.
Debt Capital Markets
The debt capital markets saw a single trade price this week û SK EnergyÆs $450 million bond led by Citi, Goldman Sachs, Merrill Lynch, Morgan Stanley and UBS. HSBC sits at the top of the league tables with $1.9 billion, followed by Citi on $1.2 billion and Merrill Lynch with $1.0 billion.
Merrill Lynch jumped into the top 10 to secure the third spot on the back of two trades priced late last week that were run on a sole basis by the US investment bank û a $500 million bond for CMHI Finance and a $142 million medium-term note for Export-Import Bank of Korea (KEXIM).