Dealogic roundup

Dealogic league table roundup, Nov 16

As year-end approaches, UBS is clinging to its lead in the equity capital markets league tables, while HSBC continues to dominate the bond tables.

Equity capital markets
Activity in the equity capital markets totalled $1.2 billion during the past week through 18 transactions. That is almost half the $2.4 billion raised during the same period last week, which brings year-to-date volume to $139.9 billion in 2012, down 4% year-on-year.

The biggest transaction of the week was a $339 million follow on for Global Logistic Properties through bookrunners Citi, Goldman Sachs, J.P. Morgan and CICC. Noble Group also raised a $202 million follow-on through bookrunners Citi, Goldman Sachs and J.P. Morgan in what was the second-biggest ECM transaction in the region this week.

The deal helps push Singapore ECM volume to $5.1 billion this year, up 15% on the $4.4 billion raised in the comparable 2011 period.

UBS leads the league table rankings with $10.6 billion, followed closely by Goldman Sachs and Citi.

Notable deals slated to complete next week include Esprit Holdings’ expected $667 million rights offer and Tsui Wah Holdings’ IPO, which is estimated to raise $89 million.

Debt capital markets
Five Asian borrowers have tapped the G3 debt capital markets for a total of $2.8 billion so far this week, down slightly on the $3.3 billion during the same comparable period last week. This pushes G3 debt capital markets volume in the region to $126.8 billion so far this year, up 68% year-on-year and the highest year-to-date level on record.

The biggest transaction of the week was a $1 billion sukuk from the Republic of Indonesia through bookrunners Deutsche Bank, HSBC and Standard Chartered in what was also the fourth-biggest Indonesian G3 trade so far this year.

Indonesian G3 DCM volume stands at $11.3 billion in 2012, more than double the $5.4 billion raised in the same 2011 period and marks the highest year-to-date level on record.

HSBC leads the Asia (ex-Japan) G3 DCM bookrunner ranking with $17.3 billion, followed by J.P. Morgan and Citi, respectively.