ECM deals total $23.3 billion last week: Dealogic

Equity capital market transactions totaled $23.3 billion last week, with 59 deals in the Asia Pacific region* in the last week, a report by Dealogic said.

The largest transaction was the $17.8 billion initial public offering of the AIA Group, managed by Bank of America Merrill Lynch, Barclays Capital, CIMB Group, Citigroup, Credit Suisse, Goldman Sachs and Industrial & Commercial Bank of China, J.P. Morgan, Morgan Stanley and UBS.

Morgan Stanley led all the banks in revenue for the week with $34 million, even as the deals generated $441 million in revenue last week.

Credit Suisse was the top bookrunner for the week.

Asia Pacific corporate investment grade volume last week totaled $8.7 billion through 39 deals. The largest deal was Hutchison Whampoa International $2.0 billion U.S. dollar-denominated issue through Goldman Sachs.

Mergers and acquisitions in the Asia Pacific region totaled $8.6 billion last week. Finance led in terms of volume with $2.1 billion from 10 deals, but mining had the highest deal number last week, the report said.

* All Asia Pacific regions excluding Japan.