Dealogic league table roundup, March 23

Equity capital markets
A total of $3.3 billion was raised from the equity capital markets this week through 23 issues, up 14% from the $2.9 billion raised during the week before, which makes it the third biggest week so far this year.

The biggest deal of the week was a $1.4 billion follow-on for CSR Corp through China International Capital Corp, Goldman Sachs, Guohai Securities and UBS. The deal is also the fourth-largest ECM transaction in Asia ex-Japan this year.

Inner Mongolia MengDin HuaNeng Thermal Power’s $737 million follow-on through China Merchants Bank and China Huaneng Group was the second-biggest deal of the week.

Guosen Securities climbed to 10th place in the league table ranking for its work on the IPO of Ningbo Cixing’s $338 million fundraising. Citi continues to lead the league table ranking with $3.7 billion, followed by J.P. Morgan and Goldman Sachs.

Top 10 Asia ex-Japan ECM bookrunner rankings

    Bookrunner parents Value ($m) No. %
  1 Citi 3,659 11 11.1
  2 J.P. Morgan 2,617 10 7.9
  3 Goldman Sachs 2,372 8 7.2
  4 UBS 2,288 13 6.9
  5 Bank of America Merrill Lynch 1,635 8 5.0
  6 Deutsche Bank 1,361 6 4.1
  7 Morgan Stanley 1,290 6 3.9
  8 Credit Suisse 1,172 6 3.6
  9 Citic Securities 1,131 6 3.4
  10 Guosen Securities 1,129 10 3.4

 


Debt capital markets
Three Asian borrowers raised a total of $799 million in the G3 debt capital markets this week —pushing year-to-date volume to $38.9 billion in 2012, up 74% from the $22.4 billion raised in the same period last year and, in fact, is the highest level on record.

The biggest deal of the week was a $600 million trade for Mongolian Mining Corp through Bank of America Merrill Lynch, ING and J.P. Morgan. It is the region’s third-biggest mining sector bond on record.

The top three banks in the league tables remain unchanged with HSBC leading on $6.2 billion, followed by J.P. Morgan and Standard Chartered.

Top 10 Asia ex-Japan DCM bookrunner rankings

    Bookrunner parents Value ($m) No. %
  1 HSBC 6,182 30 15.9
  2 J.P. Morgan 5,470 30 14.1
  3 Standard Chartered 3,457 20 8.9
  4 Goldman Sachs 3,131 11 8.0
  5 Morgan Stanley 2,904 15 7.5
  6 Citi 2,600 15 6.7
  7 Bank of America Merrill Lynch 2,540 13 6.5
  8 Deutsche Bank 2,244 17 5.8
  9 UBS 1,776 13 4.6
  10 Barclays 1,348 7 3.5

 

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