Dealogic league table roundup, August 8

Equity capital markets raised $2.3 billion this week, down from $5.4 billion raised in the same prior year period.

Equity capital markets
A total of $2.3 billion has been raised by Asia ex Japan issuers in the equity capital markets so far this week through 18 deals, compared with $5.4 billion raised via 23 deals in the same period last week.

The largest deal of the week was an $833 million follow-on for Soochow Securities through Credit Suisse and Northeast Securities.

Follow-on volume from Chinese issuers have raised $45.2 billion in 2014 so far, up 28% year-on-year and the highest YTD level on record.

Another notable deal to complete this week was a $116 million IPO for iDreamSky through bookrunners Credit Suisse, JPMorgan and Stifel. The deal is the ninth largest internet related IPO from a Chinese issuer in 2014 YTD and the fourth Chinese internet related IPO to list in the US this year.

Chinese issuers account for 29% of global internet related IPO volume in 2014 YTD with $4.2 billion, compared with just $91 million in the same 2013 period.

Goldman Sachs leads the league table ranking with $7.2 billion in 2014 YTD. Followed by Credit Suisse and UBS, respectively.

Debt capital markets
Four issuers have tapped the Asia ex Japan G3 bond markets for $3.2 billion so far this week and more than double the $1.4 billion raised in the same period last week.

The largest deal of the week was from Asian Development Bank which tapped the market for a $1.3 billion trade through bookrunners Goldman Sachs and Bank of America. The deal marks the ninth bond for the issuer so far this year for a combined total of $5.8 billion.

Total G3 SSA* issuance in the region has reached $30.6 billion in 2014 YTD, up 66% year-on-year and has surpassed previous annual levels on record. In contrast, local-currency issuance by SSA issuers totals $25.9 billion and just slightly higher compared to the $24.2 billion raised in 2013 YTD.

HSBC continues to top the league table ranking with $15.8 billion in 2014 YTD, followed by Citi and Deutsche Bank, respectively.

*Includes syndicated issuance only and include local authority issuance