Equity Capital Markets
A total of $7.6 billion has been raised in the Asian equity capital market this week through 62 deals, down on the $8.5 billion raised via 38 deals in last week.
Twenty-five IPOs have priced so far this week for a total of $3.7 billion. Follow-on volume is almost on par with $3.6 billion via 36 deals. Chinese issuers account for the majority of the region’s equity raising with an 83.4% market share via $6.4 billion.
The largest deal of the week is China National Nuclear Power Co Ltd’s $2.2 billion listing on the Shanghai Stock Exchange though joint bookrunners CITIC Securities and UBS. The deal also stands as the largest A-share IPO so far this year.
UBS jumps to the top of league table ranking for 2015 YTD with $10.80 billion while Goldman Sachs and CITIC Securities follow with $10.78 billion and $7.26 billion, respectively.
| Asia (ex Japan) ECM Bookrunner Rankings - 2015 YTD | ||||
| Pos. | Bookrunner | Deal Value ($m) | No. | %share |
| 1 | UBS | 10,798 | 38 | 8.3 |
| 2 | Goldman Sachs | 10,775 | 25 | 8.3 |
| 3 | CITIC Securities | 7,255 | 34 | 5.6 |
| 4 | Credit Suisse | 6,527 | 29 | 5.0 |
| 5 | Morgan Stanley | 5,729 | 33 | 4.4 |
| 6 | Guotai Junan Securities | 5,550 | 22 | 4.3 |
| 7 | JP Morgan | 5,174 | 23 | 4.0 |
| 8 | Deutsche Bank | 4,891 | 17 | 3.8 |
| 9 | Haitong Securities | 4,256 | 33 | 3.3 |
| 10 | Citi | 3,218 | 19 | 2.5 |
Debt Capital Markets
Seven issuers tapped the Asian G3 debt capital markets for a total of $5.4 billion so far this week, down on the $7.3 billion raised last week.
The largest deal this week is Three Gorges Finance’s $1.5 billion dual-tranche debut via bookrunners JPMorgan, Goldman Sachs, Deutsche Bank, Industrial & Commercial Bank of China, China Construction Bank Corp, CITIC Securities, SG Corporate & Investment Banking and Bank of China.
HSBC maintains its lead in the league table rankings with $12.4 billion in 2015 YTD while Citi follows with $11.0 billion. Deutsche Bank rounds off the top three with $7.4 billion.
| Asia (ex Japan) G3 DCM Bookrunner Rankings - 2015 YTD | ||||
| Pos. | Bookrunner | Deal Value ($m) | No. | %share |
| 1 | HSBC | 12,393 | 68 | 11.1 |
| 2 | Citi | 11,033 | 53 | 9.9 |
| 3 | Deutsche Bank | 7,431 | 49 | 6.7 |
| 4 | JP Morgan | 7,301 | 37 | 6.5 |
| 5 | Standard Chartered | 6,883 | 38 | 6.2 |
| 6 | Bank of America Merrill Lynch | 6,625 | 46 | 5.9 |
| 7 | Morgan Stanley | 5,786 | 30 | 5.2 |
| 8 | Bank of China | 3,725 | 24 | 3.3 |
| 9 | Goldman Sachs | 3,265 | 15 | 2.9 |
| 10 | ICBC | 3,263 | 17 | 2.9 |
