Equity capital markets
Activity in the equity capital markets totalled $2 billion through 20 transactions during the past week, slightly behind the $2.5 billion seen during the same period last week, bringing year-to-date volume to $11.9 billion, almost quadruple the $3.6 billion raised during the same period in 2012.
Chinalco Mining’s $398 million IPO through bookrunners Morgan Stanley, BNP Paribas, CICC, Standard Chartered, HSBC and China Construction Bank was the biggest deal of the week and marks the largest IPO in the Asia (ex-Japan) region in 2013.
Credit Suisse leads the equity capital markets league table for 2013 YTD with $1.7 billion, followed by Goldman Sachs and UBS, respectively.
Debt capital markets
Ten Asian borrowers raised $3.8 billion in the G3 debt capital markets during the past week, down 41% on the $6.5 billion raised in the week prior.
Sime Darby’s $800 million trade through bookrunners Citi, HSBC, Maybank and Standard Chartered was the biggest bond deal of the week and also the sixth-biggest G3 trade in the region so far this year. It also marks the biggest Malaysian G3 trade since SSG Resources tapped the market for $800m in September 2012.
HSBC tops the 2013 league table with $2.8 billion, while UBS and Standard Chartered follow in second and third place, respectively.