Dealogic league table roundup

Dealogic league table roundup, May 10

Hutchison completes the first euro-denominated perpetual bond from an Asian issuer.

Equity capital markets
The Asian equity markets have raised $656 million through eight deals this week, down from the $1.8 billion raised in the same period last week and brings year-to-date volume to $53.3 billion, on par with the amount raised at this point in 2012.

The biggest deal of the week was a $220 million equity-linked offering for Asia Cement Corp through bookrunners Goldman Sachs, Bank of America Merrill Lynch and BNP Paribas and is also the fourth-biggest ECM deal from Taiwan so far this year.

ECM issuance from Taiwanese issuers stands at $2.7 billion in 2013 year-to-date, up slightly on the $2.6 billion raised in the comparable 2012 period.

Goldman Sachs leads in the league table ranking with $7.3 billion, followed by UBS and Morgan Stanley.

Three notable transactions are expected to complete next week, the largest of which would be Sinopec Engineering (Group)’s $2 billion IPO, followed by China Galaxy Securities’ $1.2 billion IPO and Asian Pay Television Trust’s $1 billion IPO.


Debt capital markets
Five issuers have tapped the Asian G3 bond market for $4.4 billion during the past week, down 26% on the $6 billion raised in the comparable period last week.

The biggest trade of the week was a $2.3 billion (€1.8bn) euro-denominated perpetual bond for Hutchison Whampoa through bookrunners Bank of America Merrill Lynch, Goldman Sachs and HSBC and marks the first euro-denominated perpetual bond by an Asian issuer on record.

Hong Kong issuers have raised a $12.2 billion in the G3 bond markets so far this year, almost on par with the $12.2 billion raised in 2012 year-to-date.

CRCC Yuxiang, a subsidiary of China Railway Construction Corporation, also tapped the market for $800 million this week through bookrunners Citi, HSBC, BNP Paribas, ABC International and Citic Securities, and marks the eighth-largest trade from a Chinese issuer in 2013 year-to-date.

HSBC leads the league table ranking with $9.7 billion in 2013 year-to-date, followed by Goldman Sachs and Standard Chartered, respectively.


¬ Haymarket Media Limited. All rights reserved.