Equity capital markets
Activity in the equity capital markets totalled $1.3 billion through 14 issues during the past week, up slightly from the $1.2 billion raised during the previous week and bringing total year-to-date volume to $107.9 billion, down 16% on the $128.9 billion raised in the same 2011 period.
The biggest deal of the week was a $398 million follow-on for Longfor Properties through bookrunners Citi and Goldman Sachs in what was the fourth-biggest ECM transaction so far this year in the Asia (ex Japan) real estate industry.
Regional real estate ECM volume stands at $5.5 billion in 2012 year-to-date, down 30% on the $7.9 billion recorded in the comparable 2011 period.
Five equity-linked deals were priced this week for a total of $543 million, the biggest number of deals since the week of June 25 when five deals ($205 million) were completed. The second largest deal of the week was a $160 million equity-linked deal for Ctrip.com International through sole bookrunner J.P. Morgan.
Goldman Sachs has regained its lead in the league table ranking with $7.8 billion in 2012 year-to-date, followed closely by UBS and Citi.
Debt capital markets
Six issuers tapped the Asian G3 debt capital markets this week for $2.9 billion, down from the bumper $6.8 billion recorded during the same period last week.
The biggest deal of the week was a $1.2 billion trade for Bangkok Bank through sole bookrunner Morgan Stanley, pushing Southeast Asian G3 DCM volume to $37.7 billion in 2012 year-to-date, almost double the $19.5 billion raised in the same 2011 period.
The top three banks in the league table remain unchanged with HSBC taking $14.2 billion, followed by J.P. Morgan and Citi.
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