Dealogic roundup

Dealogic league table roundup, Oct 26

The year is drawing to a close with a whimper as equity capital markets slump to their lowest volume in 12 weeks, with few big deals expected before January.

Equity capital markets
Activity in the equity capital markets totalled $1.1 billion from 12 deals during the past week, down from the $1.8 billion raised through 21 deals in the previous week and marking the lowest volume since the week of July 30 ($832 million). This brings year-to-date volume in the region to $134.7 billion, down 3% year-on-year.

The biggest transaction of the week was a $512 million follow-on for Shanghai Fosun Pharmaceutical through bookrunners UBS, CICC, J.P. Morgan and Deutsche Bank, which was the seventh-biggest follow-on transaction in the region so far this quarter. The deal pushes Asia (ex Japan) follow-on volume to $95.4 billion in 2012 year-to-date, the highest year-to-date volume on record. Chinese issuers are leading the regional follow-on issuance with a 51% share of total volume, down from the 43% held in 2011 year-to-date.

Goldman Sachs continues to lead the league table ranking with $10.1 billion in 2012 year-to-date, followed by UBS and Citi with $9.6 billion and $9.5 billion, respectively.

Debt capital markets
SK Telecom was the only issuer to tap the G3 debt capital markets this week, raising $700 million compared to 10 issuers raising $5 billion during the same period last week. The bookrunners on the deal were Barclays, Credit Suisse, Deutsche Bank, HSBC, Bank of America Merrill Lynch and UBS.

2012 year-to-date volume stands at $119.3 billion, up from the $71.3 billion raised during the same 2011 period and marking the highest year-to-date level on record.

The top three banks in the league table remain unchanged with HSBC taking $15.6 billion, while J.P. Morgan and Citi follow with $12.2 billion and $11.5 billion, respectively.