Equity Capital Markets
Asia (ex Japan) issuers have raised a total of $2.7 billion through 23 deals this week, down 17% from the $3.2 billion raised last week via 41 deals.
The largest deal of the week is Chinese A-share private placement by Technology company, Zhejiang Chint Electrics via bookrunner Guotai Junan Securities for $635 million.
Technology leads the Asia ECM volume so far this year with $1.9 billion. This is followed by Real Estate and Professional Services with $1.6 billion and $445 million.
China International Capital Corp leads the ECM league table with $4.0 billion in 2017 YTD. CITIC Securities and Goldman Sachs follow with $3.4 billion and $2.8 billion, respectively.
| Asia (ex Japan) ECM Bookrunner Rankings - 2017 YTD | ||||
| Bookrunner | Deal Value ($m) | No. | %share | |
| 1 | China International Capital Corp Ltd | 4,005 | 8 | 10.7 |
| 2 | CITIC Securities | 3,410 | 13 | 9.1 |
| 3 | Goldman Sachs | 2,839 | 6 | 7.6 |
| 4 | Haitong Securities Ltd | 2,768 | 16 | 7.4 |
| 5 | Guotai Junan Securities Co Ltd | 2,761 | 12 | 7.3 |
| 6 | China Securities Co Ltd | 2,371 | 15 | 6.3 |
| 7 | UBS | 1,556 | 5 | 4.1 |
| 8 | Huatai Securities Co Ltd | 1,501 | 5 | 4.0 |
| 9 | Bank of China | 1,381 | 7 | 3.7 |
| 10 | Deutsche Bank | 1,111 | 7 | 3.0 |
Debt Capital Markets
14 Asian (ex Japan) issuers have tapped the G3 debt capital markets this week for a total of $9.7 billion, a 52% surge in volume compared to $6.4 billion issued last week via 9 deals.
The largest deal of the week is a $3.0 billion USD-denominated corporate investment grade bond issued by China Cinda Finance (2017) I, a finance vehicle of China Cinda Asset Management, through a consortium of 21 bookrunners.
Asia (ex Japan) G3 volume in 2017 YTD is still at YTD record high, totaling to $64.6 billion via 92 deals and more than double the $29.1 billion issued via 52 deals in the same period last year. USD-denominated debt accounts for 92% of volume with $59.5 billion.
HSBC leads the G3 DCM league table in 2017 YTD with $5.8 billion, followed by JPMorgan and Citi with $4.7 billion and $4.4 billion.
| Asia (ex Japan) G3 DCM Bookrunner Rankings - 2017 YTD | ||||
| Bookrunner | Deal Value ($m) | No. | %share | |
| 1 | HSBC | 5,756 | 38 | 8.9 |
| 2 | JPMorgan | 4,681 | 25 | 7.3 |
| 3 | Citi | 4,395 | 25 | 6.8 |
| 4 | Standard Chartered Bank | 3,460 | 23 | 5.4 |
| 5 | Deutsche Bank | 2,898 | 19 | 4.5 |
| 6 | Bank of China | 2,842 | 20 | 4.4 |
| 7 | Morgan Stanley | 2,755 | 13 | 4.3 |
| 8 | Bank of America Merrill Lynch | 2,584 | 17 | 4.0 |
| 9 | Goldman Sachs | 2,557 | 11 | 4.0 |
| 10 | UBS | 2,288 | 15 | 3.5 |
