Equity capital markets
A total of $1.5 billion has been raised from the equity capital markets from eight issues, the lowest number of deals priced in any week this year and, in fact, the lowest since March 2009, when just $20 million was raised through seven deals.
The top three standings in the league table remain unchanged with Goldman Sachs leading with $5.7 billion, followed by UBS and Deutsche Bank.
An $855 million IPO by Renren was the largest issue of the week and led by Morgan Stanley, Deutsche Bank, Credit Suisse, Bank of America Merrill Lynch and Jefferies & Company. Yuanda China Holdings’ also raised a $290 million IPO through bookrunners Bank of China, Deutsche Bank, JP Morgan and Standard Chartered Bank.
Top 10 Asia ex-Japan ECM bookrunner rankings
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Debt capital markets
Three borrowers raised a total of $1.9 billion in debt capital markets during the week, bringing this year’s issuance to $42.5 billion, almost double the $25 billion raised in the comparable 2010 period. Despite the increase, this week’s volume stands as the lowest level raised for seven weeks. HSBC leads the league table with $5.1 billion, followed by Deutsche Bank, up from third place last week, pushing JPMorgan to fourth place this week.
Mega Advance Investments’ $1 billion trade was the largest deal of the week and led by UBS, Morgan Stanley, HSBC, Credit Suisse and Bank of America Merrill Lynch.
Top 10 Asia ex-Japan DCM bookrunner rankings
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