Equity Capital Markets
A total of $2.6 billion has been raised in the Asian equity capital markets this week through 17 transactions, up slightly on the $2.4 billion raised in the same period last week.
The largest deal of the week was a China Huishan Dairy Holdings’ $1.3 billion IPO via Deutsche Bank, Goldman Sachs, HSBC, UBS, CIMB Group, Investec Bank and Jefferies. The deal is also the fourth largest Asia (ex Japan) IPO so far this year and the second largest Chinese IPO behind Sinopec Engineering’s $1.8 billion IPO completed on May 16th.
The deal helps push Asia (ex Japan) ECM volume in the Food & Beverage sector to $4.8 billion in 2013 YTD, the highest YTD level on record and more than double the $1.9 billion raised in 2012 YTD.
Goldman Sachs continues to lead the league table ranking with $12.8 billion in 2013 YTD, followed by UBS and JPMorgan, respectively.
Debt Capital Markets
Three issuers have tapped the Asian G3 debt capital markets this week for a combined total of $450 million, compared with the $5.7 billion raised in the same period last week and brings YTD volume to $112.2 billion, up 7% year-on-year.
Greentown China Holdings’ $300 million trade was the largest deal this week through bookrunners Standard Chartered Bank, UBS, Goldman Sachs, Deutsche Bank, Industrial & Commercial Bank of China, HSBC and Bank of China.
The deal brings Real estate/Property sector G3 bond volume in the region to a record $17.6 billion in 2013 YTD, up 39% compared to the $12.3 billion raised in the same 2012 period.
HSBC leads the league table ranking with $12.8 billion in 2013 YTD, followed by Deutsche Bank and Citi, respectively.
