Asian debt toll: Local currency debt surged by a record 7%, or $183.2bn in 2011

This is driven by record issuance in RMB and South Korean won with $94.5bn and $51.2bn respectively.

Dealogic says USD-dominated debt has also jumped to $52.5bn.

Here’s more from Dealogic:

Asia (ex Japan) ECM issuance at second highest 1H level on record

Collectively, issuers in Asia (ex Japan) have raised a total of $95.2bn via equity capital markets in 2011, down 1% from the 1H record of $96.1bn raised in 2010. IPO volume remained flat while followons dropped 10% to reach $46.1bn and $35.1bn respectively.

In spite of the decline, Equity-Linked issuance has reached $13.9bn, up 30% from the $10.8bn raised in the same period last year and stands as the second highest YTD level since 2007 ($15.5bn).

New listings on Asia (ex Japan) stock exchanges account for 54% of global new listings volume in
2011 YTD- up from a 48% share in 2010 YTD and led by IPOs listed on the Hong Kong Stock
exchange, which represents 19% of global issuance so far this year.

Asia (ex Japan) USD-denominated and Local Currency debt at year-to-date high

Asian USD-denominated debt has jumped to $52.5bn so far this year- the highest YTD level ever, with activity breaking through the 140 deals barrier for the first time in an YTD period to stand at 148
deals.

Chinese issuers led the issuer rankings for the first time this year with $16.5bn, a YTD record high
and surpassed the full year 2010 volume of $15.5bn

Local Currency debt surged to record YTD levels with $183.2bn achieved in 2011, up 7% from the
$170.8bn raised in the same 2010 period. Driven by record issuance in RMB and South Korean won with $94.5bn and $51.2bn respectively.

Asian DCM in local currency accounts for 73% of the $252.6bn Asian DCM volume in 2011 YTD, down from 80% in 2010 YTD ($213.2n) while US-denominated debt accounts accounts for 21% of Asian DCM volume, up from 16% in the same 2010 period.

Inbound cross-region M&A at highest level since 2008 YTD

M&A cross-region inflow has climbed to $48.4bn so far this year- more than double the $21.2bn worth of announced deals seen in the comparable 2010 period.

India and China have been the most targeted nations by acquirors outside the region – posting
volume gains of 191% and 76% respectively year-on-year.

On the flip side, bidders from the United Kingdom dominated acquisitions in the region with $19.2bn
announced deals so far, the highest YTD amount ever and surpassing the US for the first time since 2007 YTD. Pushed by BP’s $9.0bn acquisition of Reliance Industries’ Oil & Gas assets.

ECM and DCM drive Core IB* revenues to record YTD high - up 24% year-on-year

Core IB* revenue of $4.2bn in 2011 YTD is up 24% on the $3.4bn generated in the same 2010 period and stands as the highest YTD level on record.

ECM continues to drive the bulk of the core IB revenue at $2.3bn so far in 2011, up 21% from last
YTD. DCM revenue saw its share of the feel pool increase to $1.2bn, up 33% from the comparable
2010 period while M&A generated $733m, up 20% on the $610m earned in 2010 YTD.

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