Equity capital markets
There was a total of $1 billion of activity in Asia’s equity capital markets this week, involving 11 issuers. Year-to-date issuance totals $127.1 billion, down 23% from the $166.1 billion raised during the same period last year.
Goldman Sachs remains at the top of the league table ranking with $11.4 billion, followed by Morgan Stanley and UBS.
Belle International’s $471 million follow-on offering was the week’s biggest issue and was led by Credit Suisse and Morgan Stanley.
Top 10 Asia ex-Japan ECM bookrunner rankings
Debt capital markets
Borrowers in Asia’s debt capital markets raised a total of $1 billion from two trades this week, the first time in four weeks that there has been more than one issue priced during a single week.
The top three banks in the league table ranking remain unchanged, with HSBC leading with $8.6 billion, followed by Citi and Deutsche Bank.
Export-Import Bank of Korea’s $995 million trade was the week’s biggest issue, and was led by Bank of America Merrill Lynch, Goldman Sachs, J.P. Morgan, Credit Suisse, Daiwa Capital Markets and HSBC.
Top 10 Asia ex-Japan DCM bookrunner rankings