Equity Capital Markets
Asia (ex Japan) issuers have raised $6.8 billion through 41 deals this week, on par with the $6.8 billion via 40 deals priced in the previous week.
The largest deal of the week is CRRC Corp’s $1.8 billion Chinese A-share private placement through bookrunners UBS and China International Capital Corp.
Chinese issuers are currently leading the global ECM volume with a total of $15.9 billion in 2017 YTD. US and France follow with $9.5 billion and $1.9 billion, respectively.
Haitong Securities leads the ECM league table with $2.4 billion in 2017 YTD. China Securities and CITIC Securities complete the top three with $2.2 billion and $1.6 billion, respectively.
| Asia (ex Japan) ECM Bookrunner Rankings - 2017 YTD | ||||
| Bookrunner | Deal Value ($m) | No. | %share | |
| 1 | Haitong Securities Ltd | 2,382.60 | 12 | 13.9 |
| 2 | China Securities Co Ltd | 2,188.48 | 11 | 12.77 |
| 3 | CITIC Securities | 1,648.67 | 5 | 9.62 |
| 4 | China International Capital Corp Ltd | 1,453.15 | 3 | 8.48 |
| 5 | Bank of China | 1,363.36 | 6 | 7.95 |
| 6 | UBS | 1,217.52 | 3 | 7.1 |
| 7 | Guotai Junan Securities Co Ltd | 689.79 | 3 | 4.02 |
| 8 | Huarong Securities Co Ltd | 630.39 | 2 | 3.68 |
| 9 | Guoyuan Securities Co Ltd | 446.03 | 2 | 2.6 |
| 10 | Citi | 401.05 | 2 | 2.34 |
Debt Capital Markets
17 Asian issuers have tapped the G3 debt capital markets for a total of $15.2 billion, more than triple the $4.9 billion issued last week via 10 deals.
The largest deal of the week is a $4.0 billion USD and EUR-denominated Non-US Agency deal by China Development Bank Corp through a consortium of 15 bookrunners.
China leads the Asia G3 DCM volume with $11.1 billion in 2017 YTD, followed by Philippines and South Korea with $6.0 billion and $2.5 billion, respectively.
JPMorgan leads the DCM league table with $2.6 billion in 2017 YTD, followed by Citi and Goldman Sachs with $2.4 billion and $2.1 billion, respectively.
| Asia (ex Japan) G3 DCM Bookrunner Rankings - 2017 YTD | ||||
| Bookrunner | Deal Value ($m) | No. | %share | |
| 1 | JPMorgan | 2,638 | 10 | 10.8 |
| 2 | Citi | 2,439 | 10 | 9.99 |
| 3 | Goldman Sachs | 2,078 | 6 | 8.51 |
| 4 | HSBC | 1,735 | 13 | 7.11 |
| 5 | Deutsche Bank | 1,468 | 9 | 6.01 |
| 6 | Standard Chartered Bank | 1,355 | 9 | 5.55 |
| 7 | Nomura | 1,047 | 2 | 4.29 |
| 8 | Credit Suisse | 822 | 7 | 3.37 |
| 9 | BNP Paribas | 787 | 5 | 3.22 |
| 10 | Bank of China | 703 | 4 | 2.88 |
