Canadian debt and equity issuance in the first nine months of 2011 rose compared with the same period last year, according to the latest data from Thomson Reuters.

Canadian equity and equity-related issuance totaled $25.5 billion from 454 issues in the first three quarters of 2011, representing a 12.4% increase in total proceeds from the same period in 2010.

The energy & power sector remained the most active sector for equity issuance, with volume of $10.1 billion in the first three quarters (a 42% market share). Materials and real estate were the second and third most active sectors, with issuance of $6.4 billion and $3.5 billion, respectively.

TD Securities ranked as the top overall bookrunner for the third consecutive quarter this year, Thomson Reuters said, with $4.6 billion from 44 deals year to date (which represents an 18% market share). RBC Capital Markets and CIBC World Markets round out the top three, with 11.5% and 10.2% market shares by proceeds, respectively.

In the retail structured products segment, RBC Capital Markets, CIBC World Markets and BMO Capital Markets took the top three spots in the league tables with market shares of 35.2%, 32.9% and 11.5%, respectively. The preferred share market was led by RBC Capital Markets, who raised $1 billion worth of preferred shares in the first three quarters of 2011. Scotia Capital and BMO Capital Markets ranked second and third, with $968.3 million and $849.2 million, respectively

Additionally, Thomson Reuters reported that Canadian debt issuance in the period reached $123.4 billion from 280 deals, representing an increase in proceeds of 5.2% compared to the same period a year ago. Domestic corporate issuance totaled $43.1 billion from 109 issues, representing a 3.3% increase in deal value over the first three quarters of 2010. And, government issuance reached $77.1 billion from 162 issues, a 6.7% increase compared to the same period last year.

Outside of government issuance, which captured the largest share of the market with 63% of all transaction value through the first nine months of the year, financials and telecommunications rounded out the top three most active sectors, with 26% and 4% of the market, respectively.

RBC Capital Markets was the top-ranked bookrunner on the debt side, with a 24% market share, followed by TD Securities and National Bank Financial. Scotia Capital leads in corporate debt transactions, with TD and BMO ranking second and third, respectively.

IE