Equity Capital Markets
A total of $921 million has been raised in the Asian equity capital markets through 21 deals this week, compared to the $3.3 billion raised in the previous week, and is the lowest weekly level since the week of August 19 ($656 million).
The largest deal of the week was a $180 million follow-on for Hafei Aviation Industry through bookrunner China Galaxy Securities. Hyundai Merchant Marin also completed a $146 million follow-on through Daishin Securities this week in what was the second largest deal of the week.
The league table ranking continues to be led by Goldman Sachs with an 11.4% share, followed by UBS (8.3%) and JP Morgan (5.1%).
Debt Capital Markets
Wanda Properties Overseas was the only issuer to tap the Asian G3 bond markets this week for $600 million this week, compared to $2.4 billion raised in the same period last week, and brings YTD issuance to $138.4 billion, up 8% year-on-year.
Asian issuers from the real estate sector have raised a record $24.8 billion in G3 issuance in 2013 YTD, up 38% on 2012 YTD ($18.0bn).
HSBC continues to top the league table ranking with an 11.3% share, followed by Deutsche Bank (9.0%) and Citi (8.8%).