Equity capital markets
A total of $781 million has been raised in the Asian equity capital markets through 18 deals this week, down from the $2.5 billion seen in the same period last week and represents the lowest weekly level since the week of January 2 ($21 million through five deals).
The biggest deal of the week was a $206 million follow-on for Zhuzhou Times New Materials Technology through bookrunner Sinolink Securities.
The biggest IPO so far this week was Semen Baturaja’s $131 million IPO through bookrunners Bahana Securities, Danreksa and Bank Mandiri and marks the fourth-biggest Indonesian IPO in 2013 year-to-date.
Zall Development Group completed a $100 million equity-linked deal this week through bookrunners Morgan Stanley and HSBC in what is the sixth largest Chinese equity-linked deal so far this year.
Goldman Sachs continues to lead the league table ranking with $9 billion, followed by UBS and Morgan Stanley.
Debt capital markets
There has been zero activity in the Asian G3 debt capital markets so far this week, compared to the $429 million raised last week. Despite the lull in activity, 2013 year-to-date volume stands at $92.9 billion so far this year, the highest year-to-date level on record and up 24% year-on-year.
HSBC leads the league table ranking with $10.7 billion in 2013 year-to-date, followed by Goldman Sachs and Deutsche Bank, respectively.
