Dealogic League Table Round-up May 5

Equity Capital Markets

Asia (ex Japan) issuers have raised a total of $803 million through 11 deals this week, down 88% from the $6.7 billion raised last week via 44 deals.

The largest deal of the week was the IPO by Jiangsu Provincial Agricultural Reclamation & Development Co Ltd for $351 million via sole bookrunner Guosen Securities Co Ltd.

Asia (ex Japan) Agribusiness IPO volume stands at a YTD record $478m via 6 deals, up from $110m via 2 deals in 2016 YTD. China accounts for 99% of total volume with $472m via 5 deals so far in 2017, the second highest YTD volume on record, just behind 2016 ($492m).

China International Capital Corp leads the ECM league table with $6.7 billion in 2017 YTD. CITIC Securities and China Securities follow with $6.2 billion and $4.5 billion, respectively.

Debt Capital Markets

Nine Asian (ex Japan) issuers have tapped the G3 debt capital markets this week for a total of $2.1 billion, down 84% on the $13.2 billion issued last week via 9 deals.

The largest deal of the week is a $1.5 billion USD-denominated sovereign bond by the Democratic Socialist Republic of Sri Lanka, via a consortium of 7 bookrunners.

The Democratic Socialist Republic of Sri Lanka has consistently issued US-dollar bonds each year since 2009 (bar 2013), increasing its borrowing steadily each year, from $500m up to $3 billion in 2016.  

HSBC leads the G3 DCM league table in 2017 YTD with $11 billion. This is followed by Citi and Standard Chartered Bank with $9.3 billion and $7.7 billion respectively.