Equity Capital Markets
Asia (ex Japan) issuers have raised $6.6 billion through 32 deals this week, an 85% surge from the $3.5 billion via 37 deals completed in the previous week.
The largest deal of the week is China’s Jinan Diesel Engine’s $2.7 billion follow-on through bookrunners China Securities, China International Capital Corp, CITIC Securities, Bank of China, and Huarong Securities.
32 follow-on deals for a total of $7.9 billion have been announced by Asian issuers so far in 2017, compared to 35 follow-on deals for $9.7 billion in the same period last year.
Haitong Securities leads the ECM league table with $1.5 billion in 2017 YTD. CITIC Securities and China Securities complete the top three with $1.5 billion and $1.2 billion, respectively.
| Asia (ex Japan) ECM Bookrunner Rankings - 2017 YTD | ||||
| Bookrunner | Deal Value ($m) | No. | %share | |
| 1 | Haitong Securities Ltd | 1,536.61 | 7 | 15.17 |
| 2 | CITIC Securities | 1,474.17 | 4 | 14.56 |
| 3 | China Securities Co Ltd | 1,210.37 | 5 | 11.95 |
| 4 | Bank of China | 1,154.64 | 4 | 11.4 |
| 5 | Guotai Junan Securities Co Ltd | 675.24 | 3 | 6.67 |
| 6 | China International Capital Corp Ltd | 576.80 | 2 | 5.7 |
| 7 | Huarong Securities Co Ltd | 548.33 | 1 | 5.42 |
| 8 | BNP Paribas | 316.68 | 1 | 3.13 |
| 9 | Huatai Securities Co Ltd | 279.50 | 1 | 2.76 |
| 10 | Guosen Securities Co Ltd | 274.36 | 2 | 2.71 |
Debt Capital Markets
Nine Asian issuers have tapped the G3 debt capital markets for a total of $4.9 billion compared to last week with $4.2 billion via two deals.
The largest deal of the week is a $1.0 billion USD-denominated sovereign bond by the Republic of Korea through bookrunners JPMorgan, Goldman Sachs, HSBC, Samsung Securities, Citi, Bank of America Merrill Lynch, and Korea Development Bank – KDB.
Asian issuers have so far priced 11 deals in 2017 YTD for a total of $9.2 billion compared to 14 deals for a total of $9.4 billion in 2016 YTD.
Goldman Sachs leads the DCM league table with $1.7 billion in 2017 YTD, followed by JPMorgan and Citi for with $1.5 billion and $1.4 billion, respectively.
| Asia (ex Japan) G3 DCM Bookrunner Rankings - 2017 YTD | ||||
| Bookrunner | Deal Value ($m) | No. | %share | |
| 1 | Goldman Sachs | 1,692 | 4 | 18.44 |
| 2 | JPMorgan | 1,539 | 4 | 16.77 |
| 3 | Citi | 1,388 | 5 | 15.12 |
| 4 | Nomura | 998 | 1 | 10.87 |
| 5 | HSBC | 475 | 3 | 5.17 |
| 6 | Bank of America Merrill Lynch | 244 | 3 | 2.66 |
| 7 | Standard Chartered Bank | 225 | 3 | 2.45 |
| 8 | Credit Suisse | 204 | 3 | 2.23 |
| 9 | State Bank of India | 191 | 2 | 2.08 |
| 10 | Industrial & Commercial Bank of China - ICBC | 159 | 2 | 1.74 |
