Equity Capital Markets
A total of $1.6 billion has been raised in the Asian equity capital markets so far this week through 15 deals, compared to the $8.2 billion raised in the same period last week, and is the lowest weekly volume since February 17 ($655 million).
SapuraKencana Petroleum’s $304 million follow-on via sole bookrunner Maybank was the largest deal this week.
Malaysian issuers have raised a record $2.3 billion in the equity capital markets so far this year, up 78% year-on-year.
Goldman Sachs continues to lead the league table ranking with $3.9 billion. Followed by China Securities and Guosen Securities.
Debt Capital Markets
Nine issuers have tapped the Asia ex-Japan G3 bond markets for $7.1 billion, up from the $6.6 billion raised in the same period last week, and is the highest weekly issuance since January 6 ($12.0 billion).
Volume was boosted by Islamic Republic of Pakistan’s $2.0 billion trade through bookrunners Deutsche Bank, Barclays, Citi and Bank of America Merrill Lynch. The last time the issuer tapped the G3 market was in May 2007 for $750 million.
SSA issuance in the G3 debt capital markets has reached $20.2 billion so far this year, up 68% year-on-year and the highest YTD level on record.
The other notable transaction this week was a $1.3 billion trade for State Bank of India (London) through bookrunners Standard Chartered Bank, JPMorgan, UBS, BNP Paribas, Barclays, State Bank of India and Bank of America Merrill Lynch.
Citi remains in the top spot in the league table ranking, HSBC and Bank of America Merrill Lynch follow, respectively.
