Equity Capital Markets
A total of $2.3 billion has been raised by Asia ex-Japan issuers in the equity capital markets this week through 23 transactions, compared to the $3.8 billion raised in the same period last week.
HKT Trust’s $1.0 billion rights offer through bookrunners Standard Chartered, HSBC, Goldman Sachs, Citi, Morgan Stanley and Deutsche Bank was the largest deal of the week and the third largest ECM transaction from a Hong Kong group this year.
Asia ex-Japan rights offer* volume has reached $8.7 billion in 2014 YTD, the highest YTD level since 2011 ($9.4 billion) and up 31% year-on-year.
Goldman Sachs leads the league ranking with $6.5 billion, followed by China Securities and CITIC Securities.
*Includes rights issue and open offers
Debt Capital Markets
Six Asian borrowers have tapped the G3 debt capital markets for $1.2 billion this week, compared with the $6.7 billion raised in the same period last week.
The largest deal of the week was a $350 million trade through bookrunners JPMorgan, UBS, BNP Paribas, Citic Securities, China Merchants Securities and Credit Suisse.
China real estate sector G3 issuance stands at a record $43.3 billion so far this year, surpassing previous full-year levels and almost double the $23.8 billion raised in the same 2013 period.
HSBC maintains its lead in the league table ranking with $14.7 billion in 2014 YTD, followed by Citi and Deutsche Bank.
