Equity Capital Markets
The Asian equity markets have raised $6.4 billion so far this week, the highest weekly volume since September 23 ($6.6 billion) and almost double the $3.5 billion raised in the same period last week.
Volume was pushed by Ping An’s $4.2 billion equity-linked deal, completed on November 27 through bookrunners CICC, Credit Suisse, Goldman Sachs, Guotai Junan Securities and JPMorgan. The deal marks the second largest equity-linked deal by Asian issuers on record and the sixth largest global ECM transaction so far this year.
The top three banks remain unchanged with Goldman Sachs topping the league table ranking with $16.8 billion, followed by UBS and JPMorgan, respectively.
Debt Capital Markets
Two issuers tapped the Asian G3 debt capital markets this week for a total of $150 million, down significantly from the $1.8 billion raised last week and the lowest weekly volume since June 17 ($80 million).
Hong Kong Exchanges & Clearing’s $100 million bond through bookrunner Deutsche Bank was the largest transaction so far this week and brings Hong Kong G3 DCM volume to $17.6 billion so far in 2013, the second highest YTD level on record behind 2012 YTD ($32.7bn)
HSBC continues to lead the league table ranking with $15.9 billion in 2013 YTD, followed by Deutsche Bank and Citi, respectively.
