Equity capital markets
Volume in the Asian equity capital markets totalled $2.5 billion from 21 transactions, this week, bringing year-to-date volume to $26.6 billion, a 39% decrease compared to the $43.8 billion completed in the same 2011 period.
The largest deal of the week was a $358 million equity-linked issuance for Khazanah Nasional through CIMB Bank, Deutsche Bank and J.P. Morgan. The deal is also the biggest equity-linked transaction for the region so far this year.
A follow-on for Sichuan Chuantou Energy through UBS was the second largest deal of the week and Hyundai Wia Corp’s $300 million follow-on via Goldman Sachs bumped the bank up a notch in the league table ranking to third place.
Citi continues to dominate the league table ranking with $3.2 billion, followed J.P. Morgan with $2.2 billion.
Top 10 Asia ex-Japan ECM bookrunner rankings
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Debt capital markets
Asian borrowers tapped the Asian G3 debt capital markets for $5.2 billion through nine trades this week. The largest transaction was a $1 billion supranational bond for Asian Development Bank through bookrunners J.P. Morgan and Morgan Stanley. The deal marks the issuer’s sixth bond so far this year, raising a total of $4.3 billion, compared to the $2.8 billion raised form two deals in 2011 during the same period.
Citic Pacific also raised a $750 million bond through UBS, HSBC, Deutsche Bank and Standard Chartered in what was the second-biggest deal of the week. This brings Chinese G3 bond volume to $3.4 billion so far this year, down 20% on the record $4.2 billion raised in 2011 YTD. While issuers from the Philippines have tapped the G3 bond market for a record $6.8 billion in 2012, double the $3.4 billion raised in the same period last year.
HSBC tops the league table ranking with $6.2 billion, followed by J.P. Morgan and Standard Chartered.
Top 10 Asia ex-Japan DCM bookrunner rankings
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