Dealogic league table roundup, February 28

Southwest Securities’ $703 million follow-on is the third largest follow-on from a Chinese issuer in 2014.

Equity Capital Markets
A total of $1.2 billion has been raised in the Asian equity capital markets this week, compared to the $641 million raised in the same period last week.

Southwest Securities’ $703 million follow-on through bookrunner Soochow Securities was the largest deal to complete this week. The deal is also the third largest follow-on from a Chinese issuer so far this year.

Follow-on issuance from Chinese issuers accounts for 56% of total China ECM volume with $8.9 billion in 2014 YTD, compared with $15.9 billion with an 89% share in the same 2013 period.

Goldman Sachs leads the league table ranking with $2.9 billion, followed by HSBC and Haitong Securities, respectively.

Debt Capital Markets
Only two issuers have tapped the Asian G3 debt capital markets for $1.0 billion so far this week, down from the $3.9 billion raised last week.

Horsepower Finance’s $650 million trade through bookrunners UBS, Goldman Sachs, ICBC, HSBC, SG CIB and Citi was the largest of the two priced so far this week.

Chinese FIG issuers have raised $2.9 billion through four deals so far this year, up from just $498 million in 2013 YTD.

Citi maintains its lead in the league table rankings with $5.2 billion, HSBC and Bank of America Merrill Lynch follow, respectively.

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