Equity capital markets
Asian equity capital markets generated $4.8 billion of activity from 18 deals this week; more than triple the $1.3 billion turnover last week.
Temasek drove the spike in volumes as it sold off some of its investments in China’s financial industry. The sale of a $2.4 billion stake in Bank of China was the third-biggest equity capital markets transaction so far this year in the region, and was marketed alongside a $1.2 billion stake in China Construction Bank.
Morgan Stanley was the bookrunner on both Temasek transactions, helping to push it up the rankings to second spot, behind Goldman Sachs.
Top 10 Asia ex-Japan ECM bookrunner rankings
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Debt capital markets
Borrowers in the debt capital markets raised a total of $1.1 billion through three trades this week. HSBC continues to dominate the league table ranking with $7.9 billion, followed by Citi and Deutsche Bank.
Korea Hydro & Nuclear Power’s $500 million trade was the largest deal of the week and was led by Barclays Capital, Goldman Sachs, Morgan Stanley, RBS and Samsung Securities.
Top 10 Asia ex-Japan DCM bookrunner rankings
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