Dealogic League Table Round-up August 17

ECM remains flat as DCM volume declines.

Equity Capital Markets

Asia (ex Japan) issuers have raised a total of $700m through 6 deals this week, compared to the $500m via 18 deals in the previous week.

The largest deal of the week was an IPO by TKK Symphony Acquisition Corp for $220m via EarlybirdCpital.  

Asia (ex Japan) issuers listing* in US volume reached its highest level on record with $6.4bn via 22 deals in 2018 YTD since 2015, even 30% higher than 2017 full-year with $5.0bn via 20 deals.

Same with last week, Goldman Sachs leads with $13.6bn followed by Citi with $10.7bn and Morgan Stanley with $10.0bn.

Asia (ex Japan) ECM Bookrunner Rankings - 2018 YTD
Pos. Bookrunner Deal Value ($m) No. %share
1 Goldman Sachs 13,571.1 52 8.61
2 Citi 10,693.8 57 6.79
3 Morgan Stanley 10,005.4 41 6.35
4 China International Capital Corp Ltd 9,165.8 31 5.82
5 China Securities Co Ltd 8,445.4 35 5.36
6 Credit Suisse 6,837.8 47 4.34
7 Bank of America Merrill Lynch 6,619.0 19 4.20
8 CITIC Securities 6,263.6 42 3.98
9 Huatai Securities Co Ltd 5,790.4 25 3.68
10 JPMorgan 4,947.9 32 3.14
SOURCE: Dealogic

Debt Capital Markets

Asia (ex Japan) international DCM totaled $2.1bn via 6 deals this week, compared to $3.2bn via 8 deals in the previous week.     

The largest deal of the week goes to OCBC with $725m proceeds via Credit Suisse, OCBC, and Standard Chartered.

In Asia (ex Japan) International DCM, Singaporean companies have issued the highest YTD volume this year with $21.7bn via 72 deals showing 84.6% increase from 2017 YTD ($11.8bn via 58 deals). Majority of growth is supported by growth in finance sector – $13.4bn via 28 deals this YTD compared to $6.4bn via 16 deals in 2017 YTD.

HSBC continues to lead the international DCM league with $18.2bn. This is followed by Citi with $12.2bn and Standard Chartered Bank with $10.5bn.

Asia (ex Japan) International DCM Bookrunner Rankings - 2018 YTD
Pos. Bookrunner Deal Value ($m) No. %share
1 HSBC 18,158.7 161 8.50
2 Citi 12,194.8 97 5.71
3 Standard Chartered Bank 10,546.6 104 4.94
4 Bank of China 8,788.9 95 4.11
5 Credit Agricole CIB 7,740.2 78 3.62
6 Bank of America Merrill Lynch 7,683.7 56 3.60
7 JPMorgan 7,451.0 54 3.49
8 DBS 7,350.8 80 3.44
9 BNP Paribas 7,246.3 68 3.39
10 Goldman Sachs 6,417.8 34 3.00
SOURCE: Dealogic

 

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