Equity Capital Markets
Asia (ex Japan) issuers have raised $2.6 billion through 26 deals this week, compared with $6.0 billion raised in the same period last week.
The largest deal of the week is China’s Yunnan Aluminium’s $536 million follow-on through sole bookrunner, Tonghai Holdings
Asia (ex Japan) follow-on volume has reached $165.3 billion in 2016 YTD, almost on par with the same period last year ($163.5 billion). Chinese issuers lead with $140.9 billion, accounting for 85% of the region’s total.
CITIC Securities leads the ECM league table ranking with $16.7 billion in 2016 YTD. Morgan Stanley and GF Securities complete the top three with $14.0 billion and $12.0 billion, respectively.
| Asia (ex Japan) ECM Bookrunner Rankings - 2016 YTD | ||||
| Bookrunner | Deal Value ($m) | No. | %share | |
| 1 | CITIC Securities | 16,706 | 68 | 7.0 |
| 2 | Morgan Stanley | 14,020 | 47 | 5.9 |
| 3 | GF Securities Co Ltd | 11,980 | 49 | 5.0 |
| 4 | Deutsche Bank | 9,192 | 41 | 3.9 |
| 5 | China International Capital Corp Ltd | 8,966 | 38 | 3.8 |
| 6 | Huatai Securities Co Ltd | 8,868 | 34 | 3.7 |
| 7 | China Securities Co Ltd | 8,861 | 48 | 3.7 |
| 8 | Haitong Securities Ltd | 8,821 | 53 | 3.7 |
| 9 | Guotai Junan Securities Co Ltd | 8,819 | 62 | 3.7 |
| 10 | Guosen Securities Co Ltd | 7,812 | 25 | 3.3 |
Debt Capital Markets
Nine Asian issuers have tapped the G3 debt capital markets for a total of $4.7 billion, a significant uptick compared to the $834 million raised via six deals in the same period last week.
The largest deal of the week is a $3.0 billion USD-denominated bond by China’s Huarong Finance II through a consortium of 19 bookrunners.
Chinese issuers lead G3 issuance in the region with $106.3 billion so far this year, up 14% from $93.4 billion in 2015 YTD
HSBC leads the G3 bond league table in Asia (ex Japan) with $19.7 billion in 2016 YTD. Citi and Bank of America Merrill Lynch follow with $15.0 billion and $13.1 billion, respectively.
| Asia (ex Japan) G3 DCM Bookrunner Rankings - 2016 YTD | ||||
| Bookrunner | Deal Value ($m) | No. | %share | |
| 1 | HSBC | 19,734 | 135 | 9.7 |
| 2 | Citi | 14,989 | 100 | 7.3 |
| 3 | Bank of America Merrill Lynch | 13,057 | 78 | 6.4 |
| 4 | JPMorgan | 10,730 | 67 | 5.3 |
| 5 | Standard Chartered Bank | 10,225 | 76 | 5.0 |
| 6 | Bank of China | 8,673 | 66 | 4.3 |
| 7 | BNP Paribas | 7,313 | 46 | 3.6 |
| 8 | UBS | 6,911 | 62 | 3.4 |
| 9 | Deutsche Bank | 6,849 | 42 | 3.4 |
| 10 | Goldman Sachs | 6,609 | 32 | 3.2 |
