Dealogic roundup

Dealogic league table roundup, June 22

Goldman Sachs continues to lead the Asian league tables for equity capital markets, while HSBC heads the debt capital markets tables.

Equity capital markets
Activity in the region’s equity capital markets has reached $2.4 billion through 16 deals so far this week, down from the $4 billion completed through 20 deals during the same period last week.

A $777 million follow-on for Beiqi Foton Moto through bookrunners China Securities, Chinalion Securities and UBS was the biggest ECM transaction of the week and represents the largest ECM transaction in the auto/truck sector in the region so far this year. Xinjian Qingsong Building Materials & Chemicals Group also completed a $452 million follow-on through Sinolink Securities in what was the second-biggest transaction this week.

Goldman Sachs continues to lead the league table ranking with $6.1 billion, followed by UBS and Citi.

Debt capital markets
Five Asian borrowers have raised $2.4 billion in the G3 debt capital markets so far this week, up from the $1.5 billion during the same period last week.

The biggest deal of the week was a $700 million trade for Korea Exchange Bank through bookrunners Bank of America Merrill Lynch, Citi, HSBC, ING, Hana Bank and Morgan Stanley.

South Korean issuers have tapped the G3 DCM markets for $14.7 billion so far this year, almost on par with the $14.6 billion raised during the same period last year. The total of 40 deals so far during 2012 is down on the 71 deals completed during the same 2011 period, bringing average deal size this year to $367 million, up from $208 million at this point last year and the highest year-to-date average deal size since 2006 ($390 million).

The top three banks in the league table remain unchanged with HSBC taking $11.1 billion, followed by J.P. Morgan and Standard Chartered.


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