Equity Capital Markets
A total of $4.8 billion has been raised in the Asian equity capital markets through nine deals so far this week, compared with $873 million raised in the same period last week via 16 deals.
The largest deal of the week is China Huarong Asset Management’s $2.3 billion IPO, followed by China Reinsurance’s $2.0 billion listing. These two deals stand as the third and fourth largest new listing* on the Hong Kong Exchange so far this year.
Hong Kong is the top exchange for global new listing volume with $25.1 billion in 2015 YTD, up 42% year-on-year and highest level since 2011 ($28.4 billion).
CITIC Securities leads the league table ranking with $15.3 billion. UBS and Goldman Sachs follow with $14.0 billion and $13.3 billion, respectively.
* New listings include both primary and secondary listings
| Asia (ex Japan) ECM Bookrunner Rankings - 2015 YTD | ||||
| Bookrunner | Deal Value ($m) | No. | %share | |
| 1 | CITIC Securities | 15,307 | 56 | 7.3 |
| 2 | UBS | 14,019 | 49 | 6.7 |
| 3 | Goldman Sachs | 13,319 | 41 | 6.4 |
| 4 | Morgan Stanley | 9,362 | 54 | 4.5 |
| 5 | Credit Suisse | 7,913 | 46 | 3.8 |
| 6 | Guotai Junan Securities | 7,423 | 37 | 3.5 |
| 7 | JP Morgan | 6,927 | 32 | 3.3 |
| 8 | Haitong Securities | 6,084 | 59 | 2.9 |
| 9 | Deutsche Bank | 5,802 | 25 | 2.8 |
| 10 | China Merchants Securities | 5,573 | 33 | 2.7 |
Debt Capital Markets
Dongfeng Motor (Hong Kong) International’s $567 million bond and Hyundai Capital Services’ $296 million issuance are the only two G3 DCM deals in Asia (ex Japan) this week, compared to $1.4 billion via two deals from the same period last week.
Total Asia (ex Japan) G3 issuance has reached $160.8 billion so far this year, down on the $169.5 billion from 2014 YTD.
HSBC continues to top the league table ranking with $17.1 billion in 2015 YTD while Citi and JP Morgan follow with $14.1 billion and $11.3 billion, respectively.
| Asia (ex Japan) G3 DCM Bookrunner Rankings - 2015 YTD | ||||
| Bookrunner | Deal Value ($m) | No. | %share | |
| 1 | HSBC | 17,130 | 108 | 10.7 |
| 2 | Citi | 14,142 | 80 | 8.8 |
| 3 | JPMorgan | 11,304 | 59 | 7.0 |
| 4 | Deutsche Bank | 9,821 | 66 | 6.1 |
| 5 | Standard Chartered Bank | 9,607 | 56 | 6.0 |
| 6 | Bank of America Merrill Lynch | 9,425 | 62 | 5.9 |
| 7 | Goldman Sachs | 7,362 | 33 | 4.6 |
| 8 | Morgan Stanley | 6,988 | 40 | 4.4 |
| 9 | Bank of China | 5,738 | 44 | 3.6 |
| 10 | DBS | 4,976 | 33 | 3.1 |
