Equity Capital Markets
A total of $2.6 billion has been raised by Asia ex-Japan issuers in the equity capital markets so far this week compared with $3.2 billion raised in the same period last week, bringing the regional ECM volume to $87.4 billion in 2014 so far and up 7% year-on-year.
The largest deal of the week was Uni-President China Holdings’ $423 million follow-on through bookrunners BNP Paribas and JPMorgan. The deal is the second largest Food & Beverage sector ECM deal so far this year in Asia ex-Japan.
Another notable deal this week is Frasers Hospitality Trust’s $292 million IPO through DBS, Morgan Stanley, Standard Chartered Bank and UOB - the second biggest Singapore ECM transaction this year.
Singapore ECM volume has reached $1.8 billion this year, down from the $6.0 billion raised in the same 2013 period.
Goldman Sachs continues to lead the league table ranking with $6.0 billion, followed by Credit Suisse and China Securities.
Debt Capital Markets
Six Asian borrowers have tapped the G3 debt capital markets for $2.9 billion so far this week, down from the $3.2 billion raised in the same period last week.
The largest deal of the week was Greenland Global Investment’s $1 billion bond through bookrunners JPMorgan, Deutsche Bank, HSBC and Bank of China.
G3 bond issuance from the Real Estate sector has reached $18.8 billion in 2014 YTD, up 17% year-on-year and the highest YTD level on record. China leads the G3 Real Estate sector bond issuance with a record $14.5 billion so far this year and up from the 12.0 billion raised in the same 2013 period.
HSBC continues to lead the league table with $14.1 billion, followed by Citi and JPMorgan, respectively.