Dealogic League Table Round-up January 15

Equity Capital Markets

A total of $3.6 billion has been raised in the Asian equity capital markets so far this week through 22 deals, compared to $8.6 billion raised in the same period last week through 31 deals and brings total issuance to $12.7 billion in 2016 so far, more than double the $5.2 billion raised in the same 2015 period.

Despite, the surge in volume, only nine new listings* have priced so far this year raising a combined total of $514 million, compared to 36 deals with $2.0 billion seen in 2015 YTD.

Inner Mongolia Junzheng Energy & Chemical Group’s $743 million follow-on through sole bookruner Guosen Securties is the largest deal of the week and the sixth biggest ECM transaction globally in 2016 so far.

GF Securities leads the league table bookrunner ranking with $3.4 billion in 2016 YTD while Sinolink Securities and CITIC Securities follow with $1.5 billion and $1.3 billion, respectively.

*Includes primary and secondary listings

Debt Capital Markets

Nine issuers have tapped the G3 debt capital markets in Asia (ex Japan) for $4.0 billion so far this week, compared to the $5.5 billion raised in the prior week. Total volume has reached $9.6 billion in 2016 so far, down from the record $19.2 billion raised in 2015 YTD and the slowest start to the year since 2013 ($7.1 billion).

Ping An Life Insurance Co of China’s $1.2 billion trade through bookrunners HSBC, CICC and Bank of America Merrill Lynch is the largest deal of the week.

Chinese issuers have collectively raised $2.6 billion in the G3 bond markets so far this year through five deals, less than half the $6.1 billion raised in 2015 YTD.

HSBC leads the G3 DCM bookrunner ranking in 2016 YTD with $1.8 billion while Bank of America Merrill Lynch and Morgan Stanley follow with $1.4 billion and $909 million, respectively.