Equity Capital Markets
A total of $3.5 billion has been raised in the Asian equity capital markets so far this week through 18 deals, less than half of the $7.7 billion raised in the same period last week.
Hangzhou Liaison Interactive Information Technology’s $727 million follow-on through sole bookrunner Deutsche Bank is the largest deal of the week. The deal is also the second biggest Tech ECM transaction globally so far this year behind Shenzhen Tianma Microelectronics’ $730 million follow-on priced on January 14th.
GF Securities leads the league table bookrunner ranking with $3.5 billion in 2016 YTD while CITIC Securites and Guosen Securtiies follow with $2.2 billion and $2.1 billion, respectively.
| Asia (ex Japan) ECM Bookrunner Rankings - 2016 YTD | ||||
| Bookrunner | Deal Value ($m) | No. | %share | |
| 1 | GF Securities Co Ltd | 3,529 | 8 | 11.3 |
| 2 | CITIC Securities | 2,151 | 7 | 6.9 |
| 3 | Guosen Securities Co Ltd | 2,137 | 6 | 6.9 |
| 4 | Haitong Securities Ltd | 2,024 | 10 | 6.5 |
| 5 | Deutsche Bank | 1,774 | 7 | 5.7 |
| 6 | China International Capital Corp Ltd | 1,662 | 7 | 5.3 |
| 7 | Sinolink Securities Co Ltd | 1,587 | 2 | 5.1 |
| 8 | Huatai Securities Co Ltd | 1,307 | 7 | 4.2 |
| 9 | Guotai Junan Securities Co Ltd | 1,256 | 10 | 4.0 |
| 10 | Industrial Securities Co Ltd | 1,028 | 5 | 3.3 |
Debt Capital Markets
Three issuers have tapped the G3 debt capital markets in Asia (ex Japan) for $983 million so far this week, down from the $4.3 billion raised in the prior week.
The largest deal of the wek is $434 million trade for Hangzhou HikVision Digitial Technologies through a consortium of 14 bookrunners.
Chinese issuers have raised $7.9 billion in the G3 bond markets so far this year, compared to $14.1 billion raised in the same period last year.
HSBC leads the G3 DCM bookrunner ranking in 2016 YTD with $2.3 billion while Bank of America Merrill Lynch and JPMorgan follow with $1.9 billion and $968 million, respectively.
| Asia (ex Japan) G3 DCM Bookrunner Rankings - 2016 YTD | ||||
| Bookrunner | Deal Value ($m) | No. | %share | |
| 1 | HSBC | 2,289 | 12 | 12.5 |
| 2 | Bank of America Merrill Lynch | 1,918 | 7 | 10.5 |
| 3 | JPMorgan | 968 | 6 | 5.3 |
| 4 | Morgan Stanley | 940 | 3 | 5.2 |
| 5 | Standard Chartered Bank | 853 | 6 | 4.7 |
| 6 | Bank of China | 847 | 5 | 4.6 |
| 7 | TD Securities Inc | 810 | 1 | 4.4 |
| 8 | Credit Suisse | 567 | 4 | 3.1 |
| 9 | Citi | 551 | 5 | 3.0 |
| 10 | CITIC Securities | 496 | 1 | 2.7 |
