It was a tepid week in the equity capital markets with a total of $187 million raised from four deals in the lead-up to Easter. Year-to-date volume nudged over the $17 billion mark, but the league table rankings remained unchanged with Citi, JPMorgan and UBS taking out the top three places.
Solargiga Energy HoldingsÆ $127 million IPO finally priced this week. The deal was led by BNP Paribas, which currently sits outside the top 10 in the rankings.
A couple of Hong Kong IPOs were withdrawn due to weak market conditions, including Evergrande Real Estate GroupÆs $1.7 billion listing bookrun by Credit Suisse, Goldman Sachs and Merrill Lynch; and The Wing Fat Printing CoÆs $83 million listing IPO via BNP Paribas and UBS.
Debt Capital Markets
The debt capital markets saw $20 million raised from a single trade this week. HSBC sits at the top of the league tables with $1.3 billion, followed by Barclays Capital and Lehman Brothers.
Citi ran the books on the sole trade of the week û a $20 million bond for Hong Kong Mortgage Corporation.