Equity capital markets
Activity in Asian equity markets totalled $4.8 billion through 22 deals so far this week, down from the $7.1 billion through 34 deals in the previous week.
Sinopec’s $3.1 billion follow-on through sole bookrunner Goldman Sachs was the biggest transaction to complete this week and marks the second-biggest ECM deal globally in 2013.
Chinese issuers have raised $16.6 billion in the equity capital markets so far this year, representing a 23% share of global ECM volume ($73.4 billion). Only the US has been more active, with $18.9 billion and a 26% share.
Goldman Sachs continues to lead the league table ranking with $5.8 billion in 2013 year-to-date, followed by UBS and Credit Suisse.
Debt capital markets
Asian issuers have raised $24.8 billion in the G3 debt capital markets so far this year, which marks the highest year-to-date volume on record. However, there was zero G3 issuance last week, and the $6.8 billion raised in the previous week was the fourth largest weekly volume on record.
The top three banks in the league table remain unchanged with HSBC taking $3.6 billion of credit so far in 2013, followed by USB and Standard Chartered, respectively.
