Equity capital markets
Activity in the Asian equity markets totalled $1 billion through 16 deals so far this week, slightly up on the $806 million recorded from 23 issues last week.
A $341 million IPO for Jiangsu Sunrain Solar Energy, through sole bookrunner GF Securities, was the biggest deal this week in what marks the fifth-biggest new listing in the region so far this year. GF Securities jumps to 10th spot in the league table on the back of this transaction.
Goldman Sachs continues to lead the league table ranking with $5.8 billion, followed by UBS and Citi.
Debt capital markets
Kexim was the only Asian borrower to tap the G3 debt capital markets so far this week, raising $1.3 billion. Kexim has now raised $4.3 billion from eight trades this year, compared to just $1.2 billion from two deals during the same period last year.
In total, G3 issuance from South Korea has reached $13 billion through 34 trades so far this year, slightly behind the record $14 billion from 66 deals in 2011, but still marks the second busiest year-to-date level on record.
HSBC continues to dominate the league table rankings with $9.7 billion, followed by J.P. Morgan and Citi.