Equity Capital Markets
Asia (ex Japan) issuers have raised a total of $400m through 10 deals this week, compared to the $14.8bn via 28 deals in the previous week.
The largest deal of the week was a follow-on by Yibin Tianyuan Group for $101m via China Hongxin Securities.
Asia (ex Japan) chemicals ECM volume reached its second highest level on record with $6.4bn via 57 deals in 2018 YTD versus the record high of $6.5bn in 2016 YTD (via 51 deals).
Goldman Sachs continues to lead ECM league table with $13.6bn followed by Citi with $10.7bn and Morgan Stanley with $10.0bn.
| Pos. | Bookrunner | Deal Value ($m) | No. | %share |
|---|---|---|---|---|
| 1 | Goldman Sachs | 13,571.1 | 52 | 8.66 |
| 2 | Citi | 10,693.4 | 57 | 6.82 |
| 3 | Morgan Stanley | 9,972.0 | 41 | 6.36 |
| 4 | China International Capital Corp Ltd | 9,165.4 | 31 | 5.85 |
| 5 | China Securities Co Ltd | 8,445.4 | 35 | 5.39 |
Debt Capital Markets
Asia (ex Japan) international DCM totaled $1.6bn via 6 deals this week, down 63% from the week before with $4.4bn via 13 deals.
The largest deal of the week goes to Shinhan Financial Group with $500m proceeds via Bank of America Merrill Lynch, Credit Suisse, HSBC, JP Morgan, Mizuho, and Shinhan Investment.
Euro-denominated bond reached all time high YTD volume this year with $16.8bn via 35 deals compared to second largest YTD volume in 2017 with $14.6bn via 26 deals. Of the total Euro-denominated bonds, Chinese companies issued the most with $7.4bn via 16 deals followed by Singaporean companies with $2.6bn via 5 deals.
HSBC continues to lead the international DCM league with $18.0bn. This is followed by Citi with $12.2bn and Standard Chartered Bank with $10.3bn.
| Pos. | Bookrunner | Deal Value ($m) | No. | %share |
|---|---|---|---|---|
| 1 | HSBC | 18,026.3 | 159 | 8.59 |
| 2 | Citi | 12,169.8 | 96 | 5.80 |
| 3 | Standard Chartered Bank | 10,308.3 | 103 | 4.91 |
| 4 | Bank of China | 8,792.2 | 95 | 4.19 |
| 5 | Credit Agricole CIB | 7,735.5 | 77 | 3.69 |
