Dealogic roundup

Dealogic league table roundup, September 7

AIG’s sell-down in AIA Group marks the fourth-biggest accelerated offering in the region in 2012.

Activity in the equity capital markets reached $4.4 billion through 17 issues during the past week, up from the $3 billion raised through 19 issues during the previous week.

The biggest deal of the week was AIG’s $2 billion sell-down in AIA Group through bookrunners Goldman Sachs, Deutsche Bank, Bank of America Merrill Lynch, Barclays, HSBC, J.P. Morgan, UBS, Citi and Morgan Stanley.

It is the fourth-biggest accelerated offering (including accelerated bookbuilds and bought deals) in the region so far this year, which brings total volume in the region to $34.7 billion in 2012 year-to-date, up 47% compared to the $23.6 billion raised during the same period last year and represents the highest year-to-date level on record.

Golden Agri-Resources’ $400 million equity-linked deal through bookrunners Citi, BNP Paribas, CIMB and Credit Suisse was the second-largest deal of the week and marks the second-biggest Asia (ex Japan) equity-linked deal to complete this year.

The third-biggest deal of the week was a $326 million accelerated offering for China Pacific Insurance (Group) through sole bookrunner UBS.

This week saw UBS work as bookrunner on five accelerated offerings, notably for China Pacific Insurance and Citic Securities’ $227 million accelerated offering, which have helped propel it to take the top spot in the league table ranking with $7.6 billion, followed by Goldman Sachs and Citi.


Debt capital markets
Three issuers tapped the Asian G3 debt capital markets this week for $2.2 billion, up 41% on the $1.6 billion raised in the week prior.

The largest deal of the week was a $1 billion trade for OCBC through bookrunners OCBC, J.P. Morgan and Bank of America Merrill Lynch. Singapore issuers have tapped the G3 debt capital markets for $9.2 billion so far this year, more than triple the $2.4 billion achieved in 2011 year-to-date and the highest year-to-date level on record.

The top three banks in the league table remain unchanged with HSBC taking $12.8 billion, followed by J.P. Morgan and Citi.

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