Equity Capital Markets
Asia (ex-Japan) ECM volume stands at $250.6bn so far this year, the first year-on-year decrease since 2013 ($163.3bn). Despite the decrease in volume, activity went up to 2,102 deals from the 1,860 deals in the same 2016 period and the highest YTD activity on record.
CITIC Securities leads the ECM league table with $16.7bn in 2017 YTD, followed by China International Capital Corp Ltd with $12.4bn, and China Securities Co Ltd came in third with $12.0bn.
| Pos. | Bookrunner | Deal Value ($m) | No. | %share |
|---|---|---|---|---|
| 1 | CITIC Securities | 16,745.6 | 89 | 6.68 |
| 2 | China International Capital Corp Ltd | 12,358.6 | 58 | 4.93 |
| 3 | China Securities Co Ltd | 12,038.2 | 54 | 4.8 |
| 4 | Goldman Sachs | 11,411.3 | 54 | 4.55 |
| 5 | Morgan Stanley | 10,424.9 | 56 | 4.16 |
Debt Capital Markets
Asia (ex-Japan) G3 issuance volume dropped to $793m (4 deals) this week from the $7.6bn (14 deals) raised in the previous week.
All bonds priced this week in the region are all by Chinese issuers and the use of proceeds are for general corporate purposes. Of which, three issuances are debut USD-denominated bonds. The amount of debut USD-denominated issuances increased 70% year-on-year to $45.6bn via 99 deals.
HSBC leads the G3 DCM league table in 2017 YTD with $28.2bn, followed by Citi with $25.3bn, and Standard Chartered Bank with $18.2bn.
| Pos. | Bookrunner | Deal Value ($m) | No. | %share |
|---|---|---|---|---|
| 1 | HSBC | 28,188.7 | 217 | 7.87 |
| 2 | Citi | 25,344.8 | 161 | 7.08 |
| 3 | Standard Chartered Bank | 18,181.1 | 138 | 5.08 |
| 4 | Bank of China | 17,269.1 | 147 | 4.82 |
| 5 | JPMorgan | 15,601.7 | 102 | 4.36 |
