Asia Pacific issuers raise record $1.02 trillion via debt securities

NEW DELHI: Debt issuers in the Asia Pacific region have raised a record $1.02 trillion so far this year, registering an increase of 36 per cent from the year ago period, global deal tracking firm Dealogic said.

The Asia-Pacific DCM (debt capital market) volume has reached a record $1.02 trillion in so far this year and is already 95 per cent of the full year record of $1.07 trillion raised in 2011.

The issuers from the Asia Pacific region has registered an increase of 36 per cent over the period under consideration last year when $745.7 billion was raised.

According to Dealogic Asia-Pacific DCM volume currently accounts for 21 per cent of global DCM volume ($4.83 trillion), the highest share on record, and the sixth consecutive year-on-year increase in market share since 2007.

Among the Asia Pacific issuers, the North Asian issuers attracted deals amounting to $456.2 billion so far this year, accounting for a 45 per cent of the total Asia pacific DCM volume.

"Volume has been pushed by deals from North Asian issuers, which has totaled a record $456.2 billion YTD, up 54 per cent year-on-year ($296.9 billion) and accounting for a record 45 per cent of total Asia-Pacific DCM volume," the Dealogic report added.

Japan, which raised $248.7 billion through debt instruments saw its share in the Asia Pacific issuance market dropping to just 24 per cent, the lowest proportion on record and the seventh consecutive year-on-year drop in market share since 2007.

In terms of Asia Pacific DCM book-runner rankings, Mizuho leads the chart with a 6.6 per cent market share, followed by Morgan Stanley and Nomura with shares of 5.3 per cent and 3.4 per cent, respectively, Dealogic said.