Dealogic League Table Round-up Jun 29

Equity Capital Markets

Asia (ex Japan) issuers have raised a total of $2.5bn through 25 deals this week, slight decrease from the $3.0bn raised last week via 30 deals.

The largest deal of the week was a convertible by Momo Inc for $650m via JPMorgan, Credit Suisse, and Morgan Stanley.

Asia (ex Japan) convertible transactions stands at $20.7bn via 81 deals this YTD, reaching the highest volume on record, a jump from the $8.2bn via 47 deals from the same period last year. China accounts for 82.3% of such deals, followed by Taiwan and South Korea with 4.4%, and 4.3% respectively.

Goldman Sachs leads the ECM league table with $11.6bn in 2018 YTD, followed by Citi with $9.7bn and Morgan Stanley is third with $8.4bn.

Debt Capital Markets

Four Asian (ex Japan) issuers have tapped the international debt capital markets this week for a total of $1.6bn, down 36% from the $2.5bn issued last week via 11 deals.

China Huarong Asset Management Co priced a $950m USD-denominated bond this week via ANZ, Bank of China, Bank of Communications Co Ltd, Cathay United Bank Co Ltd, China CITIC Bank Corp Ltd, China Construction Bank Corp - CCB, China Minsheng Banking Corp Ltd, Credit Agricole CIB, First Abu Dhabi Bank, Goldman Sachs, HSBC, Huarong Securities Co Ltd, Industrial & Commercial Bank of China - ICBC, Mirae Asset Daewoo, Mizuho, OCBC, Standard Chartered Bank, and UOB.

Asia (ex Japan) international DCM volume stands at $138.9bn via 272 deals, compared with the $167.4bn via 274 deals same period last year. Although the volume is down 17% from 2017 YTD, it is still the second largest on record.

HSBC leads the international DCM league table in 2018 YTD with $11.6bn. This is followed by Citi with $10.4bn and Standard Chartered Bank with $8.6bn.