Equity capital markets
The Asian equity markets have raised $1.9 billion through 19 transactions so far this week, compared to the $3.9 billion raised in the same period last week.
The largest deal, Zhe Jiang Daily Media Group’s $366 million follow-on through sole bookrunner Bank of China, is also the biggest ECM transaction in the publishing sector in 2013 so far.
The second-biggest deal of the week was a $333 million follow-on for Melco Crown (Philippines) Resorts through bookrunners Citi and UBS.
Philippines ECM volume stands at $2.3 billion so far this year, more than double the $1.2 billion raised in the comparable 2012 period, and the highest year-to-date level on record.
Goldman Sachs continues to lead the league table ranking with $7.1 billion, followed by UBS and Morgan Stanley.
Debt capital markets
Six issuers have tapped the Asian G3 bond marker for $2.4 billion during the past week, down from the $5.2 billion raised in the comparable period last week.
The largest trade of the week was a $977 million bond for Export-Import Bank of Korea through Barclays, Credit Agricole CIB, Deutsche Bank, Standard Chartered and UBS. The deal marks the second biggest trade from a South Korean issuer so far this year, and brings G3 issuance from the nation to $6.7 billion this year, down from $10.5 billion raised in the same 2012 period, marking the lowest year-to-date level since 2010 ($5.6 billion).
The deal has also enabled Deutsche Bank to narrowly edge itself up a notch in the 2013 league table to third place. Deutsche Bank was also a bookrunner on a $300 million bond for Daegu Bank along with bookrunners Credit Agricole and HSBC.
HSBC leads the league table ranking with $8.1billion in 2013 YTD, followed by Standard Chartered and Deutsche Bank, respectively.
