Dealogic league table roundup, February 21

China Resources Land completes second largest China real estate G3 bond on record.

Equity Capital Markets
The Asian equity markets have raised a total of $514 million through 12 issues this week, down significantly from the $1.2 billion raised in the same period last week.

The largest deal this week was a $249 million follow-on for Malaysian issuer SapuraKencana Petroleum through sole bookrunner CIMB Group.

This brings total Malaysian ECM volume to $1.5 billion through 14 issues so far in 2014, more than double the $562 million raised in the comparable 2013 period and the highest YTD volume on record, while deal activity stands as the highest YTD level since 2007 (26 deals).

The top three banks remain unchanged with Goldman Sachs topping the league table ranking with $3.0 billion, followed by HSBC and Haitong Securities, respectively.

Debt Capital Markets
Five issuers have tapped the Asian G3 debt capital markets for $3.0 billion so far this week, almost four times the $798 million raised last week and the highest weekly volume since the week of January 20, 2014 ($6.1 billion).

The largest deal this week was a $1.1 billion bond for Chinese property issuer China Resources Land through a consortium of six bookrunners. This transaction is also the second largest China real estate G3 issue on record, behind China Overseas Finance (Cayman) III’s $1.5 billion issue in October 2013.

Chinese issuers have raised a combined total of $6.7 billion real estate G3 bonds so far in 2014 and account for 76% of the region’s total real estate G3 bonds so far in 2014. This pushes YTD Asia ex-Japan real estate G3 issuance to a record $8.9 billion, up slightly year-on-year.

Citi continues to lead the league table ranking with $4.9 billion, while HSBC climbed one spot and ranks second with $3.5 billion, closely followed by Bank of America Merrill Lynch ($3.2 billion).