Equity capital markets
Activity in the equity capital markets reached $1.4 billion from 16 deals during the past week, down from the $3.4 billion raised during the previous week, marking the lowest weekly level since the week of September 10 ($1.2 billion). This brings year-to-date volume in the region to $133.1 billion, down 3% year-on-year.
A $954 million equity-linked issue for Shandong Nanshan Aluminium through bookrunner Guosen Securities was the biggest deal of the week and marks the second-biggest equity-linked deal in the region so far this year. Overall, equity-linked volume stands at $9.3 billion so far this year, down 51% on the $19.2 billion raised during the same period last year.
Goldman Sachs leads the league table ranking with $10.1 billion in 2012 year-to-date, followed by UBS and Citi.
Debt capital markets
Four issuers tapped the Asian G3 debt capital markets during the past week for $1.8 billion, down from $3.8 billion raised during the week prior, bringing year-to-date volume to $115.4 billion, the highest year-to-date level on record, up from just $69.7 billion raised during the same period last year.
The biggest deal of the week was a $1 billion trade for Indonesia’s Perusahaan Listrik Negara through bookrunners Barclays and Citi. Indonesian issuers have tapped the G3 DCM markets for a record $10.3 billion so far this year, more than double the $4.4 billion raised during the comparable 2011 period.
The top three banks in the league table remain unchanged with HSBC taking $15.2 billion, followed by J.P. Morgan and Citi.
