Equity Capital Markets
Asia (ex Japan) issuers have raised $1.4 billion through 17 deals this week, compared to $84 million raised via 5 deals in the previous week.
The largest deal of the week is Hong Kong’s Mason Financial Holdings’ follow-on for $371 million via bookrunner Haitong Securities.
Asia (ex Japan) follow-ons total to $21.1 billion via 89 deals so far this year, down 24% from 2016 YTD with $27.9 billion. China is the leading country with $19.4 billion, followed by Philippines with $548 million.
China International Capital Corp leads the ECM league table with $3.6 billion in 2017 YTD. CITIC Securities and Haitong Securities follow with $2.9 billion and $2.7 billion, respectively.
| Asia (ex Japan) ECM Bookrunner Rankings - 2017 YTD | ||||
| Bookrunner | Deal Value ($m) | No. | %share | |
| 1 | China International Capital Corp Ltd | 3,569.57 | 6 | 13.42 |
| 2 | CITIC Securities | 2,885.05 | 10 | 10.85 |
| 3 | Haitong Securities Ltd | 2,721.76 | 15 | 10.23 |
| 4 | China Securities Co Ltd | 2,103.09 | 12 | 7.91 |
| 5 | Guotai Junan Securities Co Ltd | 1,676.58 | 6 | 6.3 |
| 6 | Bank of China | 1,375.54 | 7 | 5.17 |
| 7 | Huatai Securities Co Ltd | 1,370.19 | 2 | 5.15 |
| 8 | UBS | 1,308.82 | 4 | 4.92 |
| 9 | Deutsche Bank | 925.82 | 4 | 3.48 |
| 10 | Goldman Sachs | 904.49 | 3 | 3.4 |
Debt Capital Markets
10 Asian issuers have tapped the G3 debt capital markets for a total of $4.8 billion, up from $557 million issued last week via one deal.
The largest deal of the week is a $2.0 billion USD-denominated corporate investment grade bond by Bank of China (Hong Kong) through a consortium of 11 bookrunners. This is followed by a $535 million Euro-denominated corporate investment grade issuance by China Construction Bank (Europe) via six bookrunners.
JPMorgan leads the G3 DCM league table in 2017 YTD with $3.6 billion, followed by Citi and HSBC with $3.2 billion and $2.6 billion, respectively.
| Asia (ex Japan) G3 DCM Bookrunner Rankings - 2017 YTD | ||||
| Bookrunner | Deal Value ($m) | No. | %share | |
| 1 | JPMorgan | 3,575 | 17 | 10.05 |
| 2 | Citi | 3,207 | 15 | 9.01 |
| 3 | HSBC | 2,593 | 21 | 7.29 |
| 4 | Goldman Sachs | 2,474 | 10 | 6.95 |
| 5 | Deutsche Bank | 2,300 | 15 | 6.46 |
| 6 | Standard Chartered Bank | 2,104 | 15 | 5.91 |
| 7 | Bank of China | 1,410 | 10 | 3.96 |
| 8 | Nomura | 1,147 | 4 | 3.22 |
| 9 | Barclays | 1,130 | 7 | 3.18 |
| 10 | UBS | 1,086 | 8 | 3.05 |
