Equity capital markets
Activity in the Asia (ex Japan) equity capital markets totalled $5.3 billion this week through 26 transactions, up 37% on the $3.9 billion raised in the week prior and marks the busiest week since March 5th ($9.3 billion from 32 deals)
The largest deal of the week was a $1.9 billion follow-on for Bank of Beijing, led by China Securities and China Fortune Securities in what was also the fourth largest Asia (ex Japan) ECM transaction so far this year, and the seventh largest deal globally.
China Minsheng Banking Corp’s $1.4 billion follow-on, led by Haitong Securities and UBS was the largest deal of the week, followed by Li & Fung’s $503 million follow-on through Goldman Sachs and HSBC.
UBS jumps into second place in the league table ranking on the back of China Minsheng Banking Corp, and three other deals while Citi continues to lead the ranking with $3.7 billion, and coming in at third place is JPMorgan.
Guosen Securities’ has also inched up the ranking table to sixth place this week for its’ work on Xi’an Longi Silicon Materials Corp’s $249 million IPO and Guangdong Homa Appliances’ $72 milliong IPO.
Top 10 Asia ex-Japan ECM bookrunner rankings
Debt capital markets
Five Asian borrowers tapped the G3 debt capital markets for a total of $3 billion this week –the largest of which was $1 billion trade for Korea National Oil Corp (KNOC) through Barclays, Bank of America Merrill Lynch, Deutsche Bank, HSBC, Korea Development Bank and BNP Paribas. The deal was the eight G3 trade for the issuer and brings Corporate Investment Grade G3 issuance to $3.0 billion this week, the eight busiest weekly level on record.
HSBC leads the league table ranking with $6.6 billion, followed by JPMorgan and Standard Chartered.
Top 10 Asia ex-Japan DCM bookrunner rankings