Equity Capital Markets
A total of $1.8 billion has been raised in the equity capital markets so far this week through 18 deals, down from the $3.5 billion raised in the same period last week.
The largest deal of the week was a $482 million equity-linked deal for Khazanah Nasional through bookrunner CIMB Group, Deutsche Bank and Standard Chartered Bank. The deal is the largest exchangeable bond since Temasek Financial (III) raised $624 million in October 2011.
Another notable deal of the week includes a $411 million IPO from Travellers International Hotel Group through bookrunners CIMB Group, Maybank Investment Bank, Bank of America Merrill Lynch, Religare Capital Markets, UBS and BDO Capital & Investment Corp.
Southeast Asia ECM volume has reached $27.0 billion in 2013 YTD, up 3% year-on-year and the highest YTD level on record.
Robinsons Retail Holdings is slated to raise $678 million next week through bookrunners Deutsche Bank, JPMorgan, UBS and Maybank Investment Bank.
Goldman Sachs continues to lead the league table ranking with $13.5 billion in 2013 YTD, followed by UBS and JPMorgan.
Debt Capital Markets
Korea Exchange Bank was the only issuer to tap the Asian G3 bond markets for $200 million through Barclays and BofA Merrill this week, compared with $7.0 billion raised in the same period last week.
The deal pushes Asia (ex Japan) G3 subordinated bond volume to $6.2 billion so far this year, the highest YTD level since 2007 ($7.5 billion) and up 30% year-on-year.
The top three banks in the league table ranking remain unchanged with HSBC taking $14.4 billion in 2013 YTD, followed by Goldman Sachs and Deutsche Bank.
