Equity Capital Markets
The equity capital markets kept at an even pace this week with $1.4 billion raised from 19 issues. The top 10 league table rankings remain static with CITIC Securities, Goldman Sachs and China International Capital Corp leading the field on $8.1 billion, $7.8 billion and $7.5 billion respectively.
Poly (Hong Kong) Investments’ $453 million accelerated bookbuild was the largest issue of the week and led by Bank of China, Citi and Standard Chartered Bank. SKS Microfinance also raised $348 million from an IPO bookrun by Citi, Credit Suisse and Kotak Mahindra Bank.
Issues scheduled to price next week include China Everbright Bank’s IPO via China International Capital Corp, China JianYin Investment Securities and Shenyin & Wanguo Securities.
Debt Capital Markets
The debt capital markets saw a total of $1.9 billion raised from four trades this week, pushing year-to-date volume over the $48 billion mark. The top three standings in the league table remain unchanged with Deutsche Bank sitting in first place with $5 billion, followed by HSBC and Citi on $4.1 billion and $3.9 billion respectively.
A $600 million trade for STATS ChipPAC was the largest deal of the week and led by Credit Suisse and Deutsche Bank. PSA International also raised $500 million from the markets via bookrunners Barclays Capital, Credit Suisse and Goldman Sachs.
J.P. Morgan moved up a notch in the league table to sit on the seventh rung with $2.9 billion, on the back of Country Garden Holdings’ $400 million bond, jointly led with Goldman Sachs.
