Equity capital markets
Activity in the equity capital markets totalled $1.2 billion through 17 deals so far this week, down slightly on the $1.6 billion raised in the same period last week.
The largest transaction of the week was a $350 million follow on for China Resources Gas Group through sole bookrunner Morgan Stanley in what was also the fourth-biggest utility and energy sector ECM deal in the region so far this year.
CapitaMall Trust also completed a $204 million follow-on through bookrunner J.P. Morgan, which was the second-largest deal of the week.
UBS continues to lead the league table rankings with $10.7 billion, followed by Goldman Sachs and Citi.
Debt capital markets
Baidu was the only issuer to tap the G3 debt capital markets this week, issuing a $1.5 billion deal through bookrunner J.P. Morgan and Goldman Sachs. This compares with six issuers raising $3.6 billion in the same period last week.
So far this year, technology issuers have raised $2.5 billion in the G3 debt capital markets, up from just $458 million in the comparable 2011 period and marks the highest year-to-date level on record.
The top three banks leading the league table remains unchanged with HSBC taking $17.3 billion, followed by J.P. Morgan and Citi.
