Equity capital markets
Issuance in the equity capital markets dropped this week to only $855 million, from a total of nine issues, down 89% from the $7.5 billion achieved the week before and stands as the lowest level in six weeks.
The top three standings in the league table remain unchanged with Goldman Sachs sitting in first place with $4.8 billion followed by Deutsche Bank on $3.2 billion and Credit Suisse with $2.7 billion.
A $320 million equity-linked deal for Sichuan Chuantou Energy was the largest issue of the week and led by UBS. SP Setia also raised $290 million from a follow-on through bookrunner CIMB.
Top 10 Asia ex-Japan ECM bookrunner rankings
Debt capital markets
The debt capital markets saw a total of $2.8 billion raised from five trades this week. HSBC leads the league table ranking on $2.4 billion followed by J.P. Morgan with $2.2 billion and Goldman Sachs on $1.6 billion.
The Republic of the Philippines’ $1.5 billion trade was the largest deal of the week and led by J.P. Morgan, UBS, Goldman Sachs, Deutsche Bank, HSBC and Citi. The deal enabled Goldman Sachs to climb up the ranking from fourth place last week; Deutsche Bank to jump one place to take the fourth rung; and UBS to enter the top 10 to sit in eighth place.
Top 10 Asia ex-Japan DCM bookrunner rankings