Dealogic roundup

Dealogic league table roundup, Nov 9

Permira’s $875 million selldown in Galaxy Entertainment Group pushes UBS to the top of the Asian equity capital markets league table ranking.

Equity capital markets
Activity in the equity capital markets totalled $$1.1 billion through 11 transactions during the past week, almost on par with the $1.1 billion raised in the same period the previous week.

The week’s biggest deal was Permira’s selldown in Galaxy Entertainment Group through an accelerated bookbuild for $875 million through sole bookrunner UBS in what was the fifth-biggest ECM deal in Macau on record.

The deal helps bump UBS up a notch to lead the league table rankings with $10.5 billion. Goldman Sachs follows at a close second with $10.2 billion and Citi with $9.5 billion.

Deals slated to complete next week include KNM Group’s estimated $101 million follow-on and Wooriro Optical Telecom’s IPO for an expected $18 million.


Debt Capital Markets
Four Asian borrowers have tapped the G3 debt capital markets for a total of $3 billion so far this week, almost double the $1.6 billion raised in the last week prior.

Hutchison Whampoa brought the biggest bond deal of the week — a $1.5 billion trade through bookrunners Citi, Goldman Sachs, HSBC and Bank of America Merrill Lynch was the biggest trade of the week. The deal is also the second-biggest trade from a Hong Kong issuer so far this year, and the ninth-largest G3 deal on record for the territory.

Hong Kong G3 DCM volume has reached a record $21.8 billion in 2012 year-to-date, up from just $3.1 billion in the same 2011 period and has already surpassed previous full year levels.

HSBC leads the DCM bookrunner ranking with $16.6 billion, followed by Citi and J.P. Morgan, respectively.