Dealogic League Table Roundup Feb 6

Equity Capital Markets
The Asian equity markets have raised $6 billion via 20 deals so far this week, down slightly compared to the $6.7 billion raised in the same period last week and brings year-to-date volume to $19.9 billion, down 15% year-on-year.

The largest deal of the week is a $1.7 billion IPO for Jasmine Broadband Internet Growth Infrastructure Fund through bookrunners Morgan Stanley and Bangkok Bank in what is currently the largest IPO to price so far this year globally and is the third biggest Thai IPO to complete on record.

Asia ex Japan IPO volume totals $3.5 billion in 2015 YTD and down from the $9.6 billion raised in the same 2014 period.

Another notable transaction is HDFC Bank’s two simultaneous follow-on offerings for a combined total of $1.6 billion. It stands as the fourth biggest Asia ex Japan ECM transaction in 2015 so far.

The deal brings India ECM volume to $5.3 billion through eight transactions in 2015 YTD, the fastest start to the year on record and more than quadruple the $1.3 billion raised in the same period last year.

Credit Suisse leads the Asia ex Japan equity capital market league table ranking with $2 billion, followed by China Investment Securities and UBS.

Debt Capital Markets
Eight issuers have tapped the Asian G3 debt capital markets for $6 billion so far this week, compared to just $2.7 billion raised in the same period last week and pushes G3 issuance in the region to $31.3 billion, the fastest start to the year on record and up 11% year-on-year.

Volume was led by Tencent Holdings’ $2 billion dual tranche bond which completed on February 3 through bookrunners JP Morgan, Goldman Sachs, Deutsche Bank, ANZ, Barclays, China Merchants Securities, Bank of China, Credit Suisse, Citi and Bank of America Merrill Lynch. The deal is the biggest technology sector bond to price from Asia ex Japan issuer since Alibaba’s $8 billion bond priced in November 2014.

Shimao Property Holdings’ also tapped the G3 bond markets this week for an $800 million through bookrunners Standard Chartered, JP Morgan, UBS, Goldman Sachs, Morgan Stanley, HSBC and Citic Securities. The deal marks the largest high-yield bond offering in the region in 2015 so far and also the second biggest real estate bond in the region after Sino-Ocean Land Treasure Finance II’s $1.2 billion investment grade last week.

HSBC tops the debt capital markets league table ranking with $3.9 billion in 2015 YTD. Citi and Standard Chartered follow in second and third place, respectively.