Dealogic league table roundup, January 24

HK Electric Investments completes the largest IPO globally in 2014 year-to-date.

Equity Capital Markets
The Asian equity markets have raised a total of $5.8 billion through 25 deals this week, down slightly from the $7.0 billion raised in the same period last week, pushing year-to-date issuance in the region to $9.6 billion in 2014, the highest YTD level on record and up significantly from $322 million raised in 2013 YTD.

The largest deal of the week was a $3.1 billion IPO for HK Electric Investments through bookrunners Goldman Sachs and HSBC in what was the largest IPO globally in 2014 so far. The deal is the third largest IPO from a Hong Kong issuer on record and the biggest since Hutchison Port Holdings Trust’s $5.5 billion IPO in March, 2011.

The deal has helped push Goldman Sachs and HSBC to the top of the league table rankings with $2.5 billion and $1.9 billion, respectively. Credit Suisse follows with $1.0 billion.

Debt Capital Markets
Ten issuers have tapped the Asian G3 debt capital markets for $5.2 billion this week, compared to the $6.4 billion raised last week, bringing total issuance to $22.7 billion in 2014 YTD, the highest YTD level on record and up 34% year-on-year.

The largest deal of the week was a $1.5 billion trade for Asian Development Bank through bookrunners Morgan Stanley, RBC Capital Markets, HSBC and Citi.

SSA G3 issuance has reached $11.4 billion in 2014, more than quadruple the $2.8 billion raised in the same period last year and the highest YTD level on record.

Another notable deal is a $594 million trade for Wanda Properties International through bookrunners UBS, Goldman Sachs, HSBC, Barclays and Bank of America Merrill Lynch.

Citi leads the league table ranking with $4.5 billion in 2014 YTD, followed by Deutsche Bank and HSBC, respectively.