Equity Capital Markets
A total of $3.4 billion has been raised in the Asian equity capital markets through 25 deals so far this week, more than double the $1.3 billion raised in the same period last week.
Beijing Originwater Technology’s $975 million follow-on through sole bookrunner CITIC Securities is the largest deal of the week.
The deal is also the second largest Asia (ex Japan) Utility & Energy sector ECM transaction so far this year behind China National Nuclear power’s $2.2 billion new listing completed in June 2015.
Asia (ex Japan) Utility & Energy sector ECM volume has reached $8.0 billion through 36 deals in 2015 so far and up 24% year-on-year and is in line with the global trend with $34.5 billion in 2015 YTD, up 5% on 2014 YTD ($33.0 billion).
CITIC Securities has edged up a notch this week to lead the league table ranking with $14.3 billion. UBS and Goldman Sachs follow with $13.5 billion and $12.7 billion, respectively
| Asia (ex Japan) ECM Bookrunner Rankings - 2015 YTD | ||||
| Bookrunner | Deal Value ($m) | No. | %share | |
| 1 | CITIC Securities | 14,320 | 49 | 7.6 |
| 2 | UBS | 13,456 | 46 | 7.1 |
| 3 | Goldman Sachs | 12,734 | 37 | 6.8 |
| 4 | Morgan Stanley | 8,286 | 47 | 4.4 |
| 5 | Credit Suisse | 7,305 | 41 | 3.9 |
| 6 | Guotai Junan Securities | 6,941 | 33 | 3.7 |
| 7 | JP Morgan | 6,643 | 31 | 3.5 |
| 8 | Haitong Securities | 5,620 | 51 | 3.0 |
| 9 | Deutsche Bank | 5,112 | 20 | 2.7 |
| 10 | Citi | 4,219 | 31 | 2.2 |
Debt Capital Markets
Five issuers have tapped the G3 debt capital markets this week for a total of $3.7 billion, up from $424 million raised in the same period last week and brings year-to-date issuance to $145.3 billion in 2015 so far, up 6% year-on-year.
Asian Development Bank’s $2.0 billion trade through bookrunners JPMorgan, Goldman Sachs, RBC Capital Markets and Bank of America Merrill Lynch is the largest deal of the week.
The issuer remains the most active issuer in the G3 bond markets so far this year and has tapped the market for the 16th time this year with this deal and has raised a combined total of $14.1 billion, compared to 11 times in 2014 YTD for $6.5 billion.
SSA issuers from Asia (ex Japan) have raised a record $34.0 billion in the G3 bond markets so far this year, up 8% on the $31.4 billion raised in the same 2014 period.
HSBC continues to top the league table ranking with $15.4 billion in 2015 YTD while Citi and JP Morgan follow with $13.2 billion and $10.4 billion, respectively.
| Asia (ex Japan) G3 DCM Bookrunner Rankings - 2015 YTD | ||||
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Bookrunner | Deal Value ($m) | No. | %share |
| 1 | HSBC | 15,445 | 96 | 10.6 |
| 2 | Citi | 13,229 | 72 | 9.1 |
| 3 | JP Morgan | 10,367 | 53 | 7.1 |
| 4 | Deutsche Bank | 9,194 | 62 | 6.3 |
| 5 | Bank of America Merrill Lynch | 8,621 | 57 | 5.9 |
| 6 | Standard Chartered Bank | 8,457 | 49 | 5.8 |
| 7 | Goldman Sachs | 6,591 | 27 | 4.5 |
| 8 | Morgan Stanley | 6,259 | 35 | 4.3 |
| 9 | Bank of China | 5,005 | 38 | 3.5 |
| 10 | DBS | 4,654 | 30 | 3.2 |
