Equity Capital Markets
A total of 12 ECM transactions have been completed this week raising altogether $412 million, down on the $1.2 billion raised in the same period last week.
Korean issuer WAPS’ $99 million IPO through sole bookrunner Korea Investment & Securities is the largest transactions this week.
South Korea ECM volume stands at $6.8 billion via 64 deals so far in 2015, up 4% year-on-year and the highest YTD level since 2011 ($11.0 billion).
UBS leads the league table ranking with $13.5 billion in 2015 YTD, with CITIC Securities trailing closely behind with $13.3 billion and Goldman Sachs rounding off the top three with $12.7 billion.
| Asia (ex Japan) ECM Bookrunner Rankings - 2015 YTD | ||||
| Bookrunner | Deal Value ($m) | No. | %share | |
| 1 | UBS | 13,456 | 46 | 7.3 |
| 2 | CITIC Securities | 13,345 | 48 | 7.2 |
| 3 | Goldman Sachs | 12,734 | 37 | 6.9 |
| 4 | Morgan Stanley | 8,286 | 47 | 4.5 |
| 5 | Credit Suisse | 7,305 | 41 | 4.0 |
| 6 | JP Morgan | 6,643 | 31 | 3.6 |
| 7 | Guotai Junan Securities | 6,121 | 29 | 3.3 |
| 8 | Haitong Securities | 5,599 | 50 | 3.0 |
| 9 | Deutsche Bank | 5,112 | 20 | 2.8 |
| 10 | Citi | 4,219 | 31 | 2.3 |
Debt Capital Markets
Two issuers have tapped the G3 debt capital markets this week for a total of $424 million, down on the $2.9 billion raised through 10 deals last week.
The largest deal of the week is Beijing Infrastructure Investment’s $225 million transaction through sole bookrunner Goldman Sachs. China leads the region’s G3 DCM issuance with a record $74.2 billion via 106 deals so far this year and accounts for 52% of the region’s total.
HSBC continues to top the league table ranking with $15.3 billion in 2015 YTD while Citi and JP Morgan follow with $13.1 billion and $9.9 billion, respectively.
| Asia (ex Japan) G3 DCM Bookrunner Rankings - 2015 YTD | ||||
| Bookrunner | Deal Value ($m) | No. | %share | |
| 1 | HSBC | 15,284 | 94 | 10.8 |
| 2 | Citi | 13,079 | 71 | 9.2 |
| 3 | JP Morgan | 9,870 | 52 | 7.0 |
| 4 | Deutsche Bank | 9,157 | 61 | 6.5 |
| 5 | Standard Chartered Bank | 8,120 | 46 | 5.7 |
| 6 | Bank of America Merrill Lynch | 8,087 | 55 | 5.7 |
| 7 | Morgan Stanley | 6,259 | 35 | 4.4 |
| 8 | Goldman Sachs | 6,094 | 26 | 4.3 |
| 9 | Bank of China | 4,941 | 37 | 3.5 |
| 10 | DBS | 4,617 | 29 | 3.3 |
