Dealogic league table roundup, January 7

Sinovel Wind Group raises $1.4 billion in the week's biggest ECM deal.

Equity Capital Markets

The equity capital markets raised a total of $2.9 billion from 12 issues this week, propelling GF Securities to the top of the league table ranking with $737 million in the first week of 2011. Essence Securities and Deutsche Bank share second place with $717 million apiece.

Sinovel Wind Group’s $1.4 billion IPO was the largest deal of the week and led by Essence Securities and Deutsche Bank.

GF Securities ran a $525 million fully-marketed deal for Kangmei Pharmaceutical and a $212 million IPO for Anhui Honglu Steel Construction, both on a sole basis.

Goldman Sachs capped off 2010 at the top of the Asia (ex Japan) ECM league table with $22.1 billion. UBS and Morgan Stanley rounded out the top three on $21.4 billion and $21.2 billion respectively.

Regional issuance climbed to $313.9 billion in 2010 -- a record high for Asia (ex Japan), eclipsing the $259.1 billion raised in 2007 and well above the $168.7 billion raised in 2009. Six out of the top 10 global IPOs in 2010 were from issuers in Asia (ex Japan) – led by Agricultural Bank of China’s $22.1 billion offering in July.

Deals scheduled to price next week include a $770 million equity-linked issue for Ningbo Marine via China Merchants Securities; and a $607 million follow-on offering for Chongqing Changan Automobile led by China Securities.

Debt Capital Markets

A total of $550 million was raised from three deals in the debt capital markets this week. Deutsche Bank starts off the New Year at the top of the league table with $200 million, followed by Woori Finance Holdings, Shinhan Investment Corp and KB Investment & Securities, each on $100 million.

A $300 million bond for Shinsegae was the biggest deal of the week and led by Woori Finance Holdings, KB Investment & Securities and Shinhan Investment Corp. STATS ChipPAC also raised $200 million via sole bookrunner Deutsche Bank.

HSBC topped the 2010 league table ranking with $8.5 billion, followed by Deutsche Bank and UBS on $7.8 billion and $7.4 billion respectively.

Regional volume totalled $90 billion in 2010, also a record for Asia (ex Japan) and up from the previous high of $70.4 billion set in 2009. The biggest deal of the year was Asian Development Bank’s $3 billion bond via Daiwa Capital Markets, UBS, Goldman Sachs and Morgan Stanley in May.

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