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Equity capital markets
Activity in the equity capital markets reached $2.3 billion from 11 deals during the past week, down from the $4.4 billion raised in the week prior.
The biggest deal of the week was a $724 million sell-down of Bangkok Dusit Medical Services through sole bookrunner Credit Suisse. The deal marks the second-biggest healthcare ECM transaction in Asia (ex-Japan) so far this year, and the biggest ECM transaction from a Thai issuer so far in 2012. The deal is also the biggest healthcare ECM transaction from Thailand on record and helps propel Credit Suisse up a notch in the league table rankings to sixth place.
Thai ECM volume has reached $3.3 billion so far this year, up 57% on the $2.1 billion raised in the comparable 2011 period and marks the highest YTD level on record.
Goldman Sachs leads the league table ranking with $10 billion in 2012 year-to-date, followed by UBS and Citi.
Debt capital markets
Eight issuers have tapped the Asian G3 debt capital markets this week for $3.1 billion during the past week, up from just $428 million raised during the same period last week.
The biggest deal of the week was Citic Pacific’s $750 million trade through UBS, Deutsche Bank, HSBC and Standard Chartered, which brings total G3 issuance from Chinese issuers to $319.1 billion so far this year, up 83% year-on-year and already surpassing the 2011 full-year volume of $289.1 billion to set a new annual record.
The top three banks in the league table remain unchanged with HSBC taking $15.1 billion, followed by J.P. Morgan and Citi.
