Dealogic league table roundup, August 2

Chinese issuers return to the dollar bond market for the first time since May 22.

Equity capital markets
Activity in the Asian equity markets totalled $1 billion through 18 deals during the past week, more than double the $475 million raised during the same period last week and brings year-to-date volume to $89.8 billion in 2013 year-to-date, slightly down on the $90.1 billion raised during the same period last year.

The biggest deal of the week was a $234 million follow-on for Telekomunikasi Indonesia through bookrunners Credit Suisse, Bahana Securities, Danareksa and Bank Mandiri.

The top three banks remain unchanged: Goldman Sachs tops the league table ranking with $9.9 billion year-to-date, followed by UBS and JP Morgan, respectively.

 

Debt capital markets
Two issuers have tapped the Asian G3 debt capital markets for $1.5 billion during the past week, compared to the $1.1 billion raised during the previous week. It is the highest weekly volume for the past eight weeks (since the $3.9 billion raised during the week of May 22). So far this year, Asian issuers have raised $98.3 billion, up 10% year-on-year.

Both of this week’s issues were from Chinese issuers — the biggest of which was a $1 billion trade for Baidu through bookrunners Goldman Sachs and JP Morgan, while the other was a $500 million trade for Poly Real Estate through bookrunners UBS, Deutsche Bank, ICBC, HSBC, Royal Bank of Scotland, Citic Securities and Credit Suisse.

These two deals marked the first G3 issuance for Chinese issuers since May 22 ($601 million through two deals). Despite the recent drought in activity, Chinese issuers have raised a record $34.9 billion in the G3 debt capital markets so far this year, more than double the $15.2 billion during the same 2012 period.

HSBC continues to lead the league table ranking with $11.1 billion year-to-date, followed by Deutsche Bank and Goldman Sachs.