Equity Capital Markets
Asian (ex Japan) issuers have only raised $140 million through 10 deals so far this week, the lowest weekly volume so far this year and down from the $3.0 billion raised in the same period last week.
Despite the lull in issuance this week, YTD volume stands at $203.4 billion, up 17% year-on-year.
The largest deal this week is a $65 million follow-on for China 33 Media Group listed on the Growth Market Enterprise (GEM) through bookrunners Gransing Securities, Kingston Financial Group and RHB Capital.
A total of $1.5 billion has been raised in the equity capital markets in the GEM board so far this year, up 66% year-on-year.
CITIC Securities continues to lead the league table ranking with $15.1 billion in 2015 YTD. UBS and Goldman Sachs follow with $13.9 billion and $13.2 billion, respectively.
| Asia (ex Japan) ECM Bookrunner Rankings - 2015 YTD | ||||
| Bookrunner | Deal Value ($m) | No. | %share | |
| 1 | CITIC Securities | 15,081 | 54 | 7.4 |
| 2 | UBS | 13,913 | 48 | 6.8 |
| 3 | Goldman Sachs | 13,202 | 40 | 6.5 |
| 4 | Morgan Stanley | 8,566 | 50 | 4.2 |
| 5 | Credit Suisse | 7,703 | 44 | 3.8 |
| 6 | Guotai Junan Securities | 7,275 | 36 | 3.6 |
| 7 | JP Morgan | 6,927 | 32 | 3.4 |
| 8 | Haitong Securities | 6,029 | 57 | 3.0 |
| 9 | Deutsche Bank | 5,591 | 23 | 2.8 |
| 10 | China Merchants Securities | 5,468 | 32 | 2.7 |
Debt Capital Markets
Japan Hotel REIT Investment Corp was the only issuer to tap the G3 debt capital markets in Asia (ex Japan) so far this week for $50 million, on par with one issuer last week raising $1.6 billion.
Asia (ex Japan) G3 bond volume so far this year has reached $158.1 billion, slightly higher than the $157.2 billion raised in the same period last year.
HSBC remains at the top of the league table ranking with $17.0 billion in 2015 YTD while Citi and JP Morgan follow with $13.8 billion and $11.2 billion, respectively.
| Asia (ex Japan) G3 DCM Bookrunner Rankings - 2015 YTD | ||||
| Bookrunner | Deal Value ($m) | No. | %share | |
| 1 | HSBC | 16,967 | 106 | 10.7 |
| 2 | Citi | 13,809 | 78 | 8.7 |
| 3 | JP Morgan | 11,204 | 58 | 7.1 |
| 4 | Deutsche Bank | 9,758 | 65 | 6.2 |
| 5 | Standard Chartered Bank | 9,507 | 55 | 6.0 |
| 6 | Bank of America Merrill Lynch | 9,325 | 61 | 5.9 |
| 7 | Goldman Sachs | 7,262 | 32 | 4.6 |
| 8 | Morgan Stanley | 6,623 | 37 | 4.2 |
| 9 | Bank of China | 5,675 | 43 | 3.6 |
| 10 | DBS | 4,976 | 33 | 3.2 |
