Equity capital markets
In total, 19 Asian issuers tapped the equity capital markets this week, raising just $1.5 billion — down 54% from the $3.2 billion raised during the previous week, bringing year-to-date issuance to $95.2 billion, down a mere 1% on the $96.1 billion raised during the same period in 2010.
Goldman Sachs continues to dominate the league table rankings with $9.1 billion, followed by Deutsche Bank and UBS.
A $522 million IPO for Korea Aerospace Industries was the largest deal of the week, led by Woori Finance and Hyundai Securities.
Issues scheduled to price next week include a $563 million IPO for Beijing Jingneng Clean Energy through Barclays Capital, Bank of China, Goldman Sachs, Macquarie Group and UBS, and Shinsegae International’s $107 million IPO through Korea Investment & Securities.
Top 10 Asia ex-Japan ECM bookrunner rankings
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Debt capital markets
A solitary Asian borrower went out to the G3 debt capital markets this week, raising just $50 million. That is the lowest weekly volume so far this year. Unsurprisingly, the top three banks in the league table ranking remains unchanged with HSBC leading Deutsche Bank and Citi.
Sinokur Merchant Marine’s $50 million trade was the only issue of the week, led solely by KDB.
Top 10 Asia ex-Japan DCM bookrunner rankings
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