Equity capital markets
Activity in the equity capital markets totalled just $157 million from 13 transactions this week, marking the lowest weekly volume since the first week of March 2009 ($21 million from seven issues). There were no equity-linked deals for the seventh time this year and weekly IPO volume was at its lowest since the last week of February ($122 million).
Zhejiang Jinlei Refractories’ $44 million IPO through bookrunner Guosen Securities was the largest issue of the week. A $21 million IPO for Flexituff International was also completed this week and was led by Collins Stewart Inga.
Goldman Sachs leads the league table ranking with $11.4 billion, followed by Morgan Stanley and UBS.
Top 10 Asia ex-Japan ECM bookrunner rankings
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Debt capital markets
A total of $146 million was raised from two trades this week in Asia’s debt capital markets. Korea Development Bank’s $87 million bond was the biggest trade of the week through bookrunners Barclays Capital, Morgan Stanley, Mizuho and Sumitomo Mitsui Financial Group.
The top three banks in the league table rankings remain unchanged with HSBC taking $8.6 billion, followed by Citi and Deutsche Bank.
Top 10 Asia ex-Japan DCM bookrunner rankings
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