Equity Capital Markets
Asia (ex Japan) issuers have raised a total of $1.1bn through 17 deals this week, compared to the $1.4bn via 13 deals in the previous week.
The largest deal of the week was a convertible by China Conch Venture Holdings International for $500m via Credit Suisse and JP Morgan.
Asia (ex Japan) Construction ECM volume stands at $6.6bn via 97 deals so far this year, compared to $10.0bn via 102 deals in 2017 YTD. Convertible accounts for 20% of the total issuance with $1.2bn via six deals in 2018 YTD. Within those six deals, China Conch Venture Holdings International $500m convertible is the second largest convertible in Asia (ex Japan) construction industry in 2018 YTD
Same with last week, Goldman Sachs leads with $13.6bn followed by Citi with $11.0bn and Morgan Stanley with $10.0bn.
| Pos. | Bookrunner | Deal Value ($m) | No. | %share |
|---|---|---|---|---|
| 1 | Goldman Sachs | 13,609.1 | 52 | 8.45 |
| 2 | Citi | 11,015.6 | 59 | 6.84 |
| 3 | Morgan Stanley | 10,043.4 | 41 | 6.23 |
| 4 | China International Capital Corp Ltd | 9,203.8 | 31 | 5.71 |
| 5 | China Securities Co Ltd | 8,484.8 | 35 | 5.27 |
Debt Capital Markets
Asia (ex Japan) international DCM totaled $3.8bn via 11 deals this week, compared to $2.7bn via 12 deals in the previous week.
The largest deal of the week goes to Bank of Philippine Islands with $600m proceeds via Bank of Philippine Islands, Deutsche Bank, HSBC, and JP Morgan.
In Asia (ex Japan) International DCM, green bonds are starting to show a noticeable growth with $9.5bn via 22 deals this YTD compared to $5.6bn via 16 deals in 2017 YTD. This YTD is also the highest YTD volume on record.
HSBC continues to lead the international DCM league with $19.1bn. This is followed by Citi with $12.5bn and Standard Chartered Bank with $10.7bn.
