Equity capital markets
There was a total of $5.6 billion of activity from 19 issues in the Asian equity capital markets this week, the highest weekly level seen since July 4 with $8.5 billion.
Goldman Sachs continues to lead the league table ranking on $12.7 billion, followed by Morgan Stanley and UBS.
Hebei Iron & Steel’s $2.5 billion A-share follow-on was the biggest deal of the week and was led by CICC, China Huaneng Group and Guotai Junan Securities. A $1.2 billion IPO for HKT Trust was the second-biggest deal of the week and included roles for eight banks: CICC, DBS, Deutsche Bank, Goldman Sachs, HSBC, J.P. Morgan, Mizuho and Standard Chartered. The spin-off by PCCW is the largest spin-off IPO to complete this year and the seventh largest IPO in the region in 2011 YTD.
CICC was the sole bookrunner for the third-biggest deal of the week on a $703 million IPO for Jiangsu Phoenix Publishing & Media. These three deals helped push CICC to sixth place in the league table ranking.
Top 10 Asia ex-Japan ECM bookrunner rankings
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Debt capital markets
Two Asian issuers tapped the G3 debt capital markets for $300 million this week — bringing total issuance this year to $80.4 billion, down 7% from the same period last year.
A $200 million bond for Singtel Group Treasury was the biggest trade of the week, followed by a $100 million trade for Dongkuk Steel Mill. Both deals saw Barclays Capital acting as sole bookrunner.
The top three banks in the league table ranking remain unchanged with HSBC with $9.7 billion, followed by Citi and Deutsche Bank.
Top 10 Asia ex-Japan DCM bookrunner rankings
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