Dealogic league table roundup, Oct 5

Equity capital markets
During the past week, activity in Asia ex-Japan equity capital markets totalled $2.2 billion from seven deals, as of lunchtime on Friday, down from the $5.2 billion raised during the previous week. That brings year-to-date volumes to $125.7 billion, down 7% year-on-year and marking the lowest year-to-date level since 2009 ($102.3 billion).

The biggest deal of the week was Astro Malaysia’s $1.5 billion IPO through a consortium of 14 bookrunners. The deal also marks the fourth-biggest new listing in the region so far this year, and the biggest new listing worldwide in the telecom sector this year.

Equity capital markets volume during the third quarter of 2012 stood at $46.5 billion, up from the $36.6 billion raised during the second quarter, and marked the highest quarterly level since the same period in 2011 ($48 billion). Significant deals to complete during the last quarter were IHH Healthcare’s $2.1 billion IPO and AIG’s $2 billion sell-down in AIA Group.

Goldman Sachs leads the league table ranking with $10.1 billion in 2012 year-to-date, followed by UBS and Citi.

Debt capital markets
Indian Railway Finance Corp’s $300 million bond was the only issuance in the Asian G3 debt capital markets this week, down from seven issuers tapping the market for $4 billion during the previous week. The deal helped push year-to-date volume to a record $109.7 billion, surpassing previous full-year levels.

Despite the record year-to-date volume, third-quarter issuance of $31.3 billion was down 14% on the $36.2 billion raised during the previous quarter and down from the $41.9 billion quarterly record set during the first quarter of the year.

The biggest deal of the third quarter was the $1.7 billion trade for Temasek Financial through bookrunners Citi, Deutsche Bank, Goldman Sachs and UBS. State Bank of India also completed a $1.2 billion trade through bookrunners Barclays, Citi, Deutsche Bank, J.P. Morgan, Bank of America Merrill Lynch and UBS in what was the second-biggest deal of the third quarter.

The top three banks in the league table remain unchanged with HSBC taking $14.5 billion, followed by J.P. Morgan and Citi.