Equity capital markets
Asian equity capital markets activity reached $673 million through 19 issues this week, with year-to-date issuance at $138.5 billion, down 42% year-on-year. Goldman Sachs continues to lead the field in the league table ranking with $11.4 billion, followed by Morgan Stanley and UBS.
A $132 million IPO for Chengdu Road Bridge Engineering was the biggest issue of the week, through sole bookrunner China Merchants Bank. Atlas Resources closed a $110 million IPO through bookrunners Indo Premier Securities and UBS, and Parkson Retail Asia completed its $109 million IPO through CIMB Bank and HSBC.
Top 10 Asia...