Equity Capital Markets
Asia (ex Japan) ECM volume stands at $2.1bn via 17 deals so far this week (six IPOs and 11 follow-ons), compared to the $1.2bn via 22 deals completed in the previous week.
On September 4, Chinese issuer Avary Holdings (Shenzhen) Co completed a $544m IPO via Huatai Securities in what is the largest Asia (ex Japan) ECM transaction this week.
Asia (ex Japan) IPO volume stands at $60.5bn via 97 deals so far this year, compared to $47.4bn via 662 deals in 2017 YTD. TMT accounts for 48.5% of the total issuance with $29.3bn via 144 deals in 2018 YTD, increased 164% from 2017 YTD ($11.1bn via 94 deals).
Goldman Sachs leads with $13.7bn followed by Citi with $11.1bn and Morgan Stanley with $10.3bn.
| Pos. | Bookrunner | Deal Value ($m) | No. | %share |
|---|---|---|---|---|
| 1 | Goldman Sachs | 13,691.2 | 53 | 8.35 |
| 2 | Citi | 11,096.4 | 61 | 6.77 |
| 3 | Morgan Stanley | 10,307.6 | 42 | 6.29 |
| 4 | China International Capital Corp Ltd | 9,242.7 | 31 | 5.64 |
| 5 | China Securities Co Ltd | 8,484.8 | 35 | 5.18 |
Debt Capital Markets
Asia (ex Japan) international DCM totaled $7.8bn via 12 deals this week, compared to $4.5bn via 14 deals in the previous week.
The largest deal of the week goes to SinopecGroup Overseas Development with $2.4bn proceeds via consortium of 18 banks.
In Asia (ex Japan) International DCM, South Korean bond issuance has reached its highest YTD volume on record with $27.5bn via 138 deals. The second largest YTD volume goes to 2012 YTD with $20.5bn via 105 deals.
HSBC continues to lead the international DCM league with $19.3bn. This is followed by Citi with $12.7bn and Standard Chartered Bank with $11.0bn.
| Pos. | Bookrunner | Deal Value ($m) | No. | %share |
|---|---|---|---|---|
| 1 | HSBC | 19,376.5 | 174 | 8.43 |
| 2 | Citi | 12,676.9 | 102 | 5.51 |
| 3 | Standard Chartered Bank | 10,990.9 | 109 | 4.78 |
| 4 | Bank of China | 9,251.1 | 100 | 4.02 |
| 5 | DBS | 8,858.7 | 88 | 3.85 |
