Equity capital markets
A total of $1.2 billion has been raised in the Asian equity capital markets through 16 deals this week, compared to $1.5 billion in the same period last week and bring total year-to-date issuance to $81 billion, up on the $75.7 billion raised in 2012 year-to-date.
China leads the weekly issuance with four deals raising a total of $597 million- the largest deal of which was Fangda Carbon New Material’s $294 million follow-on through bookrunners Credit Suisse and China Galaxy Securities. The deal is also the fifth-biggest tech ECM deal in the region in 2013 year-to-date.
Goldman Sachs maintains its lead in the league table ranking with $9.6 billion, followed by UBS and Morgan Stanley.
Debt capital markets
Three Asian issuers have tapped the G3 debt capital markets so far this week for $341 million, up from $80 million raised last week and bring June G3 bond volume to $850 million through six deals in 2013 year-to-date, down from $22.3 billion seen in May and the lowest monthly level since November, 2008 ($409 million).
The largest deal of the week was a $176 million for Nord Anglia Education through bookrunners Goldman Sachs, HSBC and Credit Suisse.
Hong Kong issuers have tapped the G3 bond markets for a total of $12.6 billion so far this year, down 26% on the $17.1 billion raised in 2012 year-to-date.
The top three banks in the league table ranking remains unchanged with HSBC taking $10.8 billion in 2013 year-to-date, followed by Goldman Sachs and Deutsche Bank, respectively.
