Equity capital markets
Activity in the Asian equity markets has reached $3.4 billion through 18 deals so far this week, up from the $2.4 billion raised last week.
Volume was driven by Temasek Holdings’ selldown on China Construction Bank and Bank of China through two simultaneous $1.2 billion follow-ons led by Bank of America Merrill Lynch and Morgan Stanley. The two deals are the biggest offerings to complete this week in the region.
Morgan Stanley has inched up the league table rankings to sixth place on the back of these two transactions. Goldman Sachs continues to lead the league table ranking with $5.8 billion, followed by UBS and Citi
Top 10 Asia ex-Japan ECM bookrunner rankings
|
Debt capital markets
Four Asian borrowers have raised $2.4 billion in the G3 debt capital markets so far this week, down from the $6.5 billion recorded during the same period last week.
A $1 billion investment grade bond from Hutchison Whampoa was the biggest deal of the week, through bookrunners HSBC and Goldman Sachs.
The deal brings G3 issuance from Hong Kong issuers to $12.4 billion in 2012, up significantly on the $1.7 billion raised during the same period last year and surpassing the previous the full-year record set in 2010 ($11.6 billion).
The top three banks in the league table ranking remain unchanged with HSBC taking $9.2 billion, followed closely by J.P. Morgan in second place. Standard Chartered is third in the table.
Top 10 Asia ex-Japan DCM bookrunner rankings
|
