Dealogic league table roundup, September 5

Perusahaan Penerbit SBSN Indonesia III’s $1.5 billion bond pushes Indonesia G3 bond volume to YTD record high.

Equity Capital Markets
A total of $3.1 billion has been raised by Asia ex-Japan issuers in the equity capital markets so far this week through 26 deals, down 26% on the $4.2 billion raised through 35 deals in the same period last week.

Malaysia’s Khazanah Nasional Bhd successfully priced a $500 million equity-linked deal through bookrunners CIMB Group, Deutsche Bank and Standard Chartered Bank. This is the largest ECM deal in Asia ex-Japan this week, and the largest Southeast Asia equity-linked transaction since CapitaLand’s $636 million issue in September 2013.

Southeast Asia equity-linked volume totals $1.5 billion so far in 2014, up 67% on the $886 million raised in the same 2013 period and the highest YTD level since 2009 ($2.0 billion)

Goldman Sachs continues to lead the league table ranking with $7.9 billion, followed by UBS and China Securities.

Debt Capital Markets

Nine issuers have tapped the Asia ex-Japan G3 bond markets for $4.8 billion so far this week, up significantly from the $1.5 billion raised through three transactions in the week prior, and marks the highest weekly volume and activity level since July 21, 2014 ($7.7 billion with 10 deals)

Volume was boosted by a $1.5 billion issue by Indonesia’s Perusahaan Penerbit SBSN Indonesia III in what is the largest Indonesia G3 bond since Pertamina (Persero)’s $1.5 billion transaction in May 2014.

This helps to bring Southeast Asia G3 bond volume to $29.8 billion so far in 2014, narrowly surpassing the $29.4 billion raised in the comparable 2013 period but still behind the year-to-date record volume set in 2012 ($32.4 billion). Indonesia leads the region’s country rankings with $10.6 billion in 2014 YTD, the highest YTD level on record and up from $10.4 billion reached in the same 2013 period.

HSBC continues to top the league table ranking with $17.0 billion, followed by Citi and Deutsche Bank, respectively

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