Equity Capital Markets
The Asian equity capital markets have raised a total of $369 million through 10 deals so far this week, down from the $655 million raised in the same period last week. This week also saw the lowest weekly volume since the week of January 2 (which saw $21 million through five deals) and brings year-to-date volume to $92.2 billion in 2013, down 45% from the $168.7 billion raised in the same period for 2012.
The largest deal of the week was an $88 million follow-on for Kaiser (China) holding through Zheshang Securities, followed by a similar sized follow-on raising of $87 million for Anhui Deli Household Glass through Sealand Securities.
Goldman Sachs continues to lead the league table ranking with $9.9 billion in 2013 YTD, followed by UBS and JPMorgan, respectively.
Debt Capital Markets
Franshion Brilliant was the only issuer to tap the G3 debt capital markets this week, for $200 million through bookrunner Goldman Sachs, down from the $1.1 billion raised via five issuers in the same period last week. This marks the lowest weekly volume since the week of June 17 when $80 million was raised through one issuer.
HSBC leads the league table ranking while Goldman Sachs has edged up one notch to second place due to the Franshion Brilliant trade. Citi follows closely in third place.