Equity capital markets
Asia ex-Japan equity capital market volumes totalled $1.5 billion this week from 20 transactions, pushing year-to-date volume to $6 billion, down from the $22 billion recorded during the comparable 2011 period.
China Communications Services Corp’s $475 million follow-on, led by Citic Securities, was the biggest transaction this week, lifting Citic into the top 10 ECM bookrunner ranking for the region.
Temasek’s $298 million sell-down of its stake in ICICI Bank was the second-biggest deal of the week and the biggest Indian equity deal so far this year. Goldman Sachs ws sole bookrunner on the deal, helping the bank to rise to third place in the ranking from seventh place last week.
J.P. Morgan maintains its place at the top of the league table ranking with $728 million, followed by China Merchants Bank and Goldman.
Top 10 Asia ex-Japan ECM bookrunner rankings
Debt capital markets
Issuance in the debt capital markets totalled $6 billion from 12 deals this week, pushing G3 debt volume to $21.6 billion so far this year, up 118% from the $9.9 billion raised during the same period in 2011 and the highest year-to-date volume on record.
Reliance Holding USA issued two $995 million deals, which were the biggest transactions this week. Bookrunners were Barclays Capital, Bank of America Merrill Lynch, Citi, HSBC and UBS. The company previously tapped into the bond market in late 2010. China Overseas Finance (Cayman) IV’s $499 million trade is the next biggest, led by Deutsche Bank, HSBC, ICBC and J.P. Morgan.
HSBC leads the league table with $4 billion, while J.P. Morgan and Goldman follow.
Top 10 Asia ex-Japan DCM bookrunner rankings