Equity Capital Markets
A total of $2.9 billion has been raised in the Asian equity capital markets so far this week through 26 deals, compared to the $2.1 billion raised in the same period last week and the biggest weekly level since January 27 ($4.2 billion).
The largest deal of the week was Vipshop Holdings’ $633 million equity-linked deal through bookrunners Goldman Sachs and Deutsche Bank. The deal is the second largest equity-linked deal in the region so far this year and the third biggest US-listed equity-linked deal by an Asia ex-Japan issuer on record.
Equity-linked deal volume from Asian ex-Japan issuers have reached $3.4 billion in 2014 YTD, the third consecutive year-on-year increase from 2012 ($1.6bn) and up 44% on 2013 YTD.
Goldman Sachs retains its top spot in the league table ranking with $3.4 billion, followed by HSBC and Haitong Securities, respectively.
Debt Capital Markets
Five issuers have tapped the Asia ex-Japan G3 bond markets for $2.8 billion, up from the $2.0 billion raised in the same period last week.
United Overseas Bank’s $800 million trade through HSBC, ANZ, UOB and Credit Suisse was the largest offering so far this week and the fourth biggest from Southeast Asia so far this year.
Southeast Asian issuers have raised $10.1 billion in the G3 bond markets so far this year, down slightly on the $10.9 billion raised in the same 2013 period.
Citi continues to lead the league table ranking with $5.6 billion in 2014 YTD, followed by HSBC and Bank of Merrill Lynch, respectively.