Dealogic League Table Roundup Mar 6

HKBN completes largest Hong Kong IPO in 2015 YTD

Dealogic League Table Roundup Mar 6

Equity Capital Markets
The Asia ex Japan equity capital markets have raised $3.5 billion via 14 deals so far this week, compared to the $2 billion raised in the same period last week and brings YTD volume to $35.8 billion, up 24% year-on-year.

Sinopec Yizheng Chemical Fibre Co Ltd’s $974 million follow-on through Guotai Junan Securities and UBS is the largest deal of the week. The deal is also the biggest chemicals sector ECM transaction globally in 2015 so far and also the fourth largest A-share ECM transaction to price so far this year.

Another notable transaction to price this week is HKBN’s $748 million IPO through Goldman Sachs, JPMorgan, UBS, CLSA and HSBC. The deal is the largest IPO to list in Hong Kong so far this year and the seventh largest IPO globally in 2015 so far.

Asia ex Japan IPO volume totals $6.8 billion in 2015 YTD, down 35% on the $10.4 billion raised in the same period last year.

UBS climbs to the top of the league table ranking this week with $4 billion. Goldman Sachs and CITIC Securities follow with $3.4 billion and $2.6 billion, respectively.

Asia (ex Japan) ECM Bookrunner Rankings - 2015 YTD
         
  Bookrunner Deal Value ($m) No. %share
1 UBS 3,979 16 11.1
2 Goldman Sachs 3,411 10 9.5
3 CITIC Securities 2,593 13 7.2
4 Credit Suisse 2,153 8 6.0
5 China Investment Securities  1,877 2 5.2
6 Morgan Stanley 1,105 7 3.1
7 Guotai Junan Securities  1,079 5 3.0
8 Citi 977 5 2.7
9 JP Morgan 883 6 2.5
10 Bank of America Merrill Lynch 876 4 2.5

 

Debt Capital Markets
Seven issuers have tapped the Asia ex Japan G3 debt capital markets for $2.4 billion, up 66% on the $1.4 billion raised in the same period last week and pushes the regional volume to $40.8 billion in 2015 YTD, the highest YTD level on record and up 9% year-on-year.

The largest deal of the week is a $750 million trade for AIA Group through bookrunners Deutsche Bank and Morgan Stanley. The deal is the biggest Hong Kong G3 bond since Hutchison Whampoa’s $3.5 billion bond in October 2014.

FIG issuers in Asia ex Japan have issued $9.4 billion through 16 transactions in 2015 YTD, the fastest start to a year on record and up 55% on the $6.1 billion raised in the same 2014 period.

HSBC continues to lead the league table ranking with $4.5 billion in 2015 YTD while Citi and Deutsche Bank follow with $4.1 billion and $3.4 billion, respectively.

 

Asia (ex Japan) G3 DCM Bookrunner Rankings -  2015 YTD
         
Pos. Bookrunner Deal Value ($m) No. %share
1 HSBC 4,539 28 11.1
2 Citi 4,053 16 9.9
3 Deutsche Bank 3,440 22 8.4
4 Standard Chartered  3,194 17 7.8
5 JP Morgan 2,650 15 6.5
6 Bank of America Merrill Lynch 2,240 19 5.5
7 Morgan Stanley 2,099 11 5.1
8 Goldman Sachs 1,950 8 4.8
9 Credit Suisse 1,622 10 4.0
10 Barclays 1,347 10 3.3

 

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