Dealogic league table roundup, April 27

Equity capital markets
Activity in Asian equity markets totalled $1.9 billion through 23 deals so far this week, down from the $6.7 billion raised last week, which marked the second busiest weekly level for 2012, driven by Goldman’s $2.5 billion ICBC sale and Haitong Securities’ $1.7 billion IPO.

Shaanxi International Trust’s $336 million follow-on through bookrunner Citic Securities was the biggest deal of the week, while SingTel’s $272 million sale of its Far Eastone stake was the second-biggest deal to complete this week and marks the fifth-largest Taiwanese ECM deal so far this year.

Guosen Securities has climbed to seventh spot this week on the league table ranking for its work on a $174 million Tech IPO for Zhejiang Jingsheng Mechanical & Electrical. So far this year, Guosen Securities has been a bookrunner on 16 deals with $2.1 billion, up from 15 deals ($2.1 billion) from the same period last year.

Goldman Sachs continues to lead the league table ranking with $5.8 billion, followed by UBS and Citi.

Debt capital markets
Asian borrowers raised a total of $3.5 billion in the G3 debt capital markets this week, which brings the 2012 total to $57.5 billion, up 44% on the $40 billion recorded during the same period last year to mark the highest year-to-date level on record.

The biggest deal of the week was a $2 billion bond for CNOOC through bookrunners Citi, Bank of China and Barclays. The deal also stands as the biggest G3 DCM transaction by a Chinese issuer on record.

Despite the record deal, G3 issuance from Chinese issuers has reached $9.2 billion so far this year, slightly down on the year-to-date record of $11 billion raised during 2011. In terms of sectors, oil and gas leads with a 34% share of China’s G3 market, followed by real estate/property and metal and steel, with shares of 25% and 12%, respectively.

The top three banks in the league table ranking remain unchanged with HSBC taking $7.7 billion, followed closely by J.P. Morgan and Standard Chartered.