Equity Capital Markets
The Asian equity capital markets have raised $1.2 billion via 10 deals so far this week, up from $905 million in the same period last week.
A $305 million block trade in Shriram Transport Finance through sole bookrunner Goldman Sachs was the largest deal of the week. The transaction helps push Indian ECM issuance to a record $5.1 billion through 20 transactions in 2013 year-to-date, up from just $681 million in the same period last year.
Goldman Sachs continues to lead this year's league table ranking with $6.5 billion, followed by UBS and Credit Suisse.
Debt Capital Markets
Export-Import Bank of Korea (Kexim) was the only Asian issuer to tap the G3 debt capital markets so far this week, raising $500 million through bookrunners Bank of America Merrill Lynch and SEB.
The deal is the third largest South Korean G3 trade to be completed so far this year and brings South Korean G3 DCM volume to $3.8 billion. However, it is still down 37% from the $6.1 billion raised by Korean issuers in the same period last year.
The top three banks in the league table rankings remain unchanged. HSBC leads with $3.7 billion, followed by UBS and Standard Chartered.
