Equity capital markets
There was a total of $2.7 billion of activity in Asia’s equity capital markets through 14 issues this week, bringing year-to-date issuance to $144.2 billion — a 42% decrease compared to the same 2010 period.
Goldman Sachs remains the top of the bookrunner ranking with $12.5 billion, followed by Morgan Stanley and UBS.
Industrial & Commercial Bank of China’s $1.1 billion accelerated bookbuild was the largest deal of the week and led by sole bookrunner Goldman Sachs. Hankook Tire’s $559 million follow-on was the second-biggest deal of the week and was led by Citi. The deal is also the sixth-biggest ECM transaction in South Korea this year.
Top 10 Asia ex-Japan ECM bookrunner rankings
Debt capital markets
Korea Finance Corp’s $748 million trade was the only issue of the week, through Daewoo Securities, Credit Suisse, Bank of America Merrill Lynch, RBS and HSBC- pushing total volume for the year to $76.9 billion, down 6% year-on-year.
The top three banks in the league table ranking remain unchanged with HSBC with $9.1 billion, followed by Citi and Deutsche Bank.
Top 10 Asia ex-Japan DCM bookrunner rankings