Sands China issues $1.4bn follow-on on HKEx

It's the largest block trade.

According to Dealogic Quickstats, Sands China priced a $1.4bn Follow-on on the Hong Kong Stock Exchange last May 28.

It is the largest block trade and fourth largest follow-on by Asia (ex Japan) issuers in 2014 YTD.

Here’s more from Dealogic:

The follow-on is the largest global Leisure & Recreation ECM transaction so far in 2014, and the sixth largest global Leisure & Recreation follow-on issuance on record.

It is also the fourth largest Macao ECM transaction on record, behind Sands China Ltd's $2.5bn IPO (Nov 2009), Wynn Macau Ltd's $1.9bn IPO (Sep 2009), and MGM China Holdings Ltd's $1.6bn IPO (May 2011). 

Asia (ex Japan) block trade volume totaled $13.5bn in 2014 YTD, a 38% drop from 2013 YTD ($21.8bn).
Global block trade volume has reached $135.6bn so far this year, down 12% from the record $154.9bn raised in the same 2013 period.

Asia (ex Japan) follow-on volume stands at $45.4bn, down 17% on the $54.8bn raised in 2013 YTD. Similarly, Asia (ex Japan) ECM volume at $70.3bn so far this year is a 4% decline on the $73.5bn raised in 2013 YTD.