Asia Pacific Investment Banking Scorecard – March 11th, 2011

RENEWABLE ENERGY IPOS UP FOR 2011
Beijing Jingneng Clean Energy and Xinyi Solar Glass both announced pending IPOs this week, contributing to the steady increase of renewable energy companies seeking expansion in China. The two companies together are expected to seek US$1.1 billion in IPO proceeds.

11 Renewable energy firms have raised just over US$3 billion in Asia over the past decade, of which 45% of proceeds were from 2010. Last year, Asia domiciled companies accounted for 26% of the global total for renewable energy IPOs, and marked the highest level for clean energy on record.

BEST START FOR REAL ESTATE DEBT ISSUANCE
Asia ex Japan debt issuance from the real estate sector is at its all-time best start of the year, with US$4.9 billion in proceeds raised by property developers and real estate conglomerates, an increase of 239% from the same period last year.

This week alone, there have been US$635 million in real estate industry debt, including Shimao Property's US$350 million and Malaysia's MRCB Property issuing US$106 million medium-term notes.

EMERGING MARKETS DEBT UP 67%
IPIC, a special purpose finance company, raised $4.3 billion this week, the second largest emerging markets corporate debt offering this year behind the $5.9 billion offering from Brazil's Petrobras in January.

The volume of corporate debt from emerging markets issuers totals $50.7 billion for year-to-date 2011, a 67% increase over last year at this time. Financials, energy & power, and materials account for 86% of overall activity from emerging markets issuers this year. Citi tops the year-to-date ranking for bookrunners of emerging market corporate debt with 10% market share, a 3.3 market share point increase over last year at this time.

Asia Pacific Investment Banking Scorecard for March 11th, 2011 – Click Here:
http://img.scoop.co.nz/media/pdfs/1103/2011_Final_AsiaIBScorecard_March10.pdf

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