Equity Capital Markets
Asia (ex Japan) issuers raised $23 million through two deals this week, compared to $7.0 billion raised via 22 deals in the previous week.
The two deals were China’s Huisheng International Holdings’ follow-on for $19 million via bookrunner Kingston Financial Group and Hong Kong’s Finsoft Financial Investment Holdings’ follow-on for $4 million via bookrunner Gransing Securities.
China International Capital Corp leads the ECM league table with $3.6 billion in 2017 YTD. CITIC Securities and Haitong Securities follow with $2.6 billion and $2.5 billion, respectively.
| Asia (ex Japan) ECM Bookrunner Rankings - 2017 YTD | ||||
| Bookrunner | Deal Value ($m) | No. | %share | |
| 1 | China International Capital Corp Ltd | 3,569.57 | 6 | 14.7 |
| 2 | CITIC Securities | 2,601.54 | 9 | 10.71 |
| 3 | Haitong Securities Ltd | 2,499.34 | 14 | 10.29 |
| 4 | China Securities Co Ltd | 2,063.86 | 11 | 8.5 |
| 5 | Guotai Junan Securities Co Ltd | 1,416.91 | 4 | 5.83 |
| 6 | Bank of China | 1,375.54 | 7 | 5.66 |
| 7 | Huatai Securities Co Ltd | 1,370.19 | 2 | 5.64 |
| 8 | UBS | 1,308.82 | 4 | 5.39 |
| 9 | Deutsche Bank | 925.82 | 4 | 3.81 |
| 10 | Huarong Securities Co Ltd | 630.39 | 2 | 2.6 |
Debt Capital Markets
There were no G3 DCM deals in Asia (ex Japan) this week, while 11 issuers tapped the market for $5.0 billion in the previous week.
Total G3 issuance in the region has reached $30.1 billion via 43 deals so far this year, up 63% from the $18.5 billion (36 deals) issued in the same period last year, and the highest YTD level on record.
JPMorgan leads the G3 DCM league table in 2017 YTD with $2.9 billion, followed by Citi and Goldman Sachs with $2.8 billion and $2.6 billion, respectively.
| Asia (ex Japan) G3 DCM Bookrunner Rankings - 2017 YTD | ||||
| Bookrunner | Deal Value ($m) | No. | %share | |
| 1 | JPMorgan | 2,928 | 12 | 9.72 |
| 2 | Citi | 2,778 | 12 | 9.22 |
| 3 | Goldman Sachs | 2,627 | 9 | 8.72 |
| 4 | Deutsche Bank | 1,956 | 12 | 6.49 |
| 5 | Standard Chartered Bank | 1,953 | 13 | 6.48 |
| 6 | HSBC | 1,795 | 14 | 5.96 |
| 7 | Nomura | 1,147 | 4 | 3.81 |
| 8 | Barclays | 1,130 | 7 | 3.75 |
| 9 | Bank of China | 1,025 | 6 | 3.4 |
| 10 | Credit Suisse | 864 | 8 | 2.87 |
