Equity Capital Markets
The Asian equity markets have raised $3.3 billion via 39 deals so far this week, up 70% on the $1.9 billion raised in the same period last week.
The largest deal of the week is PetroChina Jinhong Energy Investment’s $284 million follow-on through sole bookrunner China Galaxy Financial Holdings while Beijing Kunlun Tech raised $232 million via an IPO through sole bookrunner China International Capital Corp.
Chinese A-share volume stands at $3.1 billion through 30 deals in 2015 YTD, compared with the $3.4 billion raised in the same 2014 period.
UBS leads the Asia ex-Japan equity capital market league table ranking with $791 million. Followed by Haitong Securities and China International Capital Corp.
Debt Capital Markets
Six issuers have already tapped the Asian G3 debt capital markets for $8.0 billion so far this week, compared to the $10.4 billion raised in the same period last week. With $18.4 billion already raised in the G3 capital markets, 2015 YTD marks the fastest start to the year and narrowly surpassing the previous 2014 YTD record ($18.2 billion).
Volume has been mainly driven by SSA issuers with $11.2 billion in 2015 YTD, the fastest start to the year on record and up 18% year-on-year.
The largest deal of the week is Asian Development Bank’s $3.0 billion dual tranche trade through bookrunners JPMorgan, Goldman Sachs, Daiwa Securities and Citi.
Another notable transaction this week is a $2.3 billion trade for Export-Import Bank of Korea (Kexim) through bookrunners JPMorgan, Deutsche Bank, HSBC, RBS, Barclays, Citi and Bank of America Merrill Lynch.
Citi tops the debt capital markets league table ranking with $3.0 billion in 2015 YTD. HSBC and Standard Chartered follow in second and third place, respectively.