The equity capital markets held steady this week with $611 million raised from seven issues. The league table rankings remain unchanged with Citi leading the field on $3.3 billion, followed by Credit Suisse on $3.0 billion and UBS with $2.7 billion.
The largest issue of the week was JA Solar HoldingsÆ $400 million convertible that was led by Credit Suisse and Lehman Brothers. Thai Tap Water Supply also raised $131 million from its IPO via Bualuang Securities and SCB Securities.
Deals scheduled to price next week include PT Indika EnergyÆs $263 million IPO led by Citi, Deutsche Bank, Danareksa Sekuritas, Indo Premier Securities and Mandiri Sekuritas.
Debt Capital Markets
The debt capital markets stirred back to life with a total of $1.7 billion raised from two trades this week. HSBC holds on to the top spot in the rankings with $1.9 billion from 17 deals, followed by Deutsche Bank on $925 million and Citi with $851 million.
Export-Import Bank of KoreaÆs $1.2 billion bond was the largest deal of the week and bookrun by Citi, DEPFA, Deutsche Bank, HSBC and RBS. Deutsche Bank moved up a notch in the league tables, Citi jumped two places from fifth last week, while Hypo Real Estate Holding and RBS took out the eighth and ninth spots respectively.
Daiwa Securities SMBC entered the top 10 to sit in fifth place on the back of Kingdom of ThailandÆs $529 million bond that it led on a sole basis.