Dealogic roundup

Dealogic league table roundup, March 1

Mapletree Greater China Commercial Trust completes the region’s biggest IPO in 2013.

Equity capital markets
Activity in Asia’s equity markets totalled $3.1 billion through 12 deals during the past week, up 59% on the $2 billion raised during the previous week.

Volume was pushed by Mapletree Greater China Commercial Trust’s $1.3 billion Reit IPO through bookrunners Citi, DBS, Goldman Sachs and HSBC, in what was the biggest Asia (ex-Japan) IPO so far in 2013 and also the fourth-biggest Singapore ECM deal on record.

Another notable deal to complete this week was the $1.3 billion sell-down in Global Logistic Properties through sole bookrunner J.P. Morgan in what is the second-biggest Singapore ECM deal to complete so far this year.

Four out the 13 Singaporean ECM deals completed so far this year have been Reit transactions, which brings Singapore ECM volume to $3.4 billion in 2013 year-to-date, up from just $145 million during the same 2012 period.

J.P. Morgan has jumped to third spot in the league table ranking in 2013 year-to-date for its role as sole bookrunner on Global Logistics Properties and also in Celltrion’s $300 million equity-linked deal. Goldman Sachs continues to lead the league table ranking with $6.8 billion, followed by UBS.

Debt capital markets
Five issuers have tapped the Asian G3 debt capital markets for $2.2 billion so far this week, up from just $500 million recorded last week through one issuer.

The biggest deal of the week was a $500 million trade for HDFC Bank through bookrunners Bank of America Merrill Lynch, Citi, J.P. Morgan and Standard Chartered. The deal is the third-biggest G3 trade from an Indian issuer so far this year and helps push year-to-date volume to $2.5 billion, the biggest year-to-date level since 2007 ($3.8 billion) and up 27% year-on-year.

HSBC leads the league table ranking with $3.8 billion in 2013 year-to-date, followed by Standard Chartered and UBS, respectively.

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