Equity Capital Markets
This week saw the second highest issuance figure of the year with $2.7 billion worth of rank eligible volume hitting the market. The largest IPO of the year for China Shenhua Energy contributed $2.4 billion to this total. Bookrunners Merrill Lynch, Deutsche Bank and China International Corp priced the deal - totalling $2.95 billion - on June 8.
The credit pushed Merrill further out into first with $3.6 billion from 18 deals, over $1 billion ahead of UBS in second. Deutsche Bank moved into fourth from seventh with $2 billion. Finally CICC makes its first appearance in the top ten this year with $800 million.
Slipping in almost unnoticed was the largest Malaysian IPO of the year, and the third largest out of South East Asia in 2005. Titan Chemicals raised $211 million through Commerce International, DBS Bank, Mayban Securities and Goldman Sachs.
Commerce International snuck back into the top 10 while Goldman Sachs actually slipped a place down into seventh, despite the $38 million credit gained on this transaction. DBS languishes in 19th position.
Next week promises to be a bumper week with Bank of Communications which will price its long awaited deal on June 17.
Additionally COSCO is set to issue up to 2.25 billion shares in the hope of raising $1.5 billion.
Debt Capital Markets
There were no deals in the Asian G3 market this week.
To view the latest Dealogic league tables click here.