Equity capital markets
Activity in the equity capital markets has reached $1.4 billion through 17 transactions so far this week, down from the $6.3 billion raised in the same time last week.
The largest deal of the week was a $356 million sell-down in AIA Group by Khazanah, through subsidiary Mount Swettenham Investments. Bank of America Merrill Lynch was the sold bookrunner.
Tesco Lotus Retail Growth Freehold & Leasehold’s $246 million follow-on through bookrunners CIMB, Citi, HSBC, Bank of America Merrill Lynch and Kianakin Bank in what was the second-biggest ECM deal in the region this week and the ninth-largest Thai ECM transaction in 2012 year-to-date.
UBS continues to lead the league table rankings with $11.7 billion, followed by Goldman Sachs and Citi.
Debt capital markets
Three issuers have tapped the G3 debt capital markets for $1 billion so far this week, a sharp fall from the $4.6 billion raised last week.
Shui On Development’s $500 million bond through bookrunners Deutsche Bank, J.P. Morgan, Standard Chartered and UBS was the biggest deal of the week. Citic Pacific also tapped the market for $250 million this week through bookrunners Deutsche Bank and UBS as the second-largest deal of the week.
The top three banks leading the league table remains unchanged with HSBC taking $18.4 billion, followed by J.P. Morgan and Citi.
