Equity Capital Markets
Asia (ex Japan) issuers have raised $7.6 billion through 31 deals so far this week, compared with $931 million raised in the same period last week.
The largest deal of the week is Bank of Shanghai’s $1.6 billion IPO on the Shanghai Stock Exchange, through joint bookrunners Guotai Junan Securities and Shenwan Hongyuan Group. This is the largest A-share new listing since June 2015, when Guotai Junan Securities completed its $4.9 billion IPO in Shanghai.
Chinese A-share new listing volume totals $15.2 billion so far this year via 145 deals, down on $24.0bn (192 deals) from the same 2015 period.
CITIC Securities leads the ECM league table ranking with $14.4 billion in 2016 YTD. Morgan Stanley and GF Securities complete the top three ranking with $11.27 billion and $11.26 billion, respectively.
| Asia (ex Japan) ECM Bookrunner Rankings - 2016 YTD | ||||
| Bookrunner | Deal Value ($m) | No. | %share | |
| 1 | CITIC Securities | 14,400 | 54 | 7.0 |
| 2 | Morgan Stanley | 11,265 | 38 | 5.5 |
| 3 | GF Securities | 11,255 | 44 | 5.5 |
| 4 | China Securities | 8,390 | 44 | 4.1 |
| 5 | Guotai Junan Securities | 8,370 | 57 | 4.1 |
| 6 | Haitong Securities | 8,186 | 47 | 4.0 |
| 7 | Deutsche Bank | 8,164 | 33 | 4.0 |
| 8 | China International Capital Corp | 7,788 | 31 | 3.8 |
| 9 | Huatai Securities | 7,260 | 22 | 3.5 |
| 10 | Guosen Securities | 7,175 | 23 | 3.5 |
Debt Capital Markets
10 Asian issuers have tapped the G3 debt capital markets for a total of $6.8 billion, down from $2.2 billion raised from four deals in the same period last week.
The largest deal of the week is a $2.5 billion USD-denominated bond by Export-Import Bank of Korea, through bookrunners Mizuho, UBS, Morgan Stanley, ANZ, SG Corporate & Investment Banking, Bank of America Merrill Lynch, and Credit Agricole CIB.
HSBC leads the G3 bond league table in Asia (ex Japan) with $18.5 billion in 2016 YTD. Citi and Bank of America Merrill Lynch follow with $14.0 billion and $13.0 billion, respectively.
| Asia (ex Japan) G3 DCM Bookrunner Rankings - 2016 YTD | ||||
| Bookrunner | Deal Value ($m) | No. | %share | |
| 1 | HSBC | 18,543 | 121 | 10.0 |
| 2 | Citi | 14,034 | 91 | 7.6 |
| 3 | Bank of America Merrill Lynch | 12,972 | 74 | 7.0 |
| 4 | JP Morgan | 10,194 | 62 | 5.5 |
| 5 | Standard Chartered Bank | 9,028 | 65 | 4.9 |
| 6 | Bank of China | 8,009 | 53 | 4.3 |
| 7 | Deutsche Bank | 6,816 | 38 | 3.7 |
| 8 | BNP Paribas | 6,595 | 42 | 3.6 |
| 9 | Goldman Sachs | 6,344 | 27 | 3.4 |
| 10 | Morgan Stanley | 5,825 | 41 | 3.2 |
