Equity Capital Markets
Asia (ex Japan) issuers have raised a total of $2.5bn through 22 deals this week, down 18% from the $3.1bn raised last week via 31 deals.
The largest deal of the week was a $952m IPO by Jiangxi Bank Co Ltd with China Construction Bank Corp - CCB, CITIC Securities, AMTD Group Co Ltd, Essence Securities Co Ltd, China Merchants Bank Co Ltd, Industrial & Commercial Bank of China - ICBC, China Everbright Bank Co Ltd, Haitong Securities Ltd, and Industrial Securities Co Ltd as bookrunners.
Asia (ex Japan) ECM transaction in the Finance sector this YTD stands at $15.5bn via 60 deals, down from the $21.7bn raised in 2017 YTD via 75 deals. Average deal size decreased by $32m to $258m this YTD.
Goldman Sachs leads the ECM league table with $11.6bn in 2018 YTD, followed by Citi with $9.7bn and Morgan Stanley is third with $8.1bn.
| Pos. | Bookrunner | Deal Value ($m) | No. | %share |
|---|---|---|---|---|
| 1 | Goldman Sachs | 11,550.8 | 40 | 9.61 |
| 2 | Citi | 9,676.9 | 45 | 8.05 |
| 3 | Morgan Stanley | 8,065.4 | 28 | 6.71 |
| 4 | China International Capital Corp Ltd | 7,282.3 | 19 | 6.06 |
| 5 | China Securities Co Ltd | 7,107.6 | 22 | 5.91 |
Debt Capital Markets
Asia (ex Japan) international DCM decreased by 32% to $1.8bn via 7 deals this week from the $2.6bn via 9 deals last week.
The largest deal of the week goes to Industrial & Commercial Bank of China – ICBC priced a $700m US$-denominated bond with Agricultural Bank of China Ltd, Arab Banking Corp - BSC, Bank of China, Bank of Communications Co Ltd, Bank of Shanghai Co Ltd, China Construction Bank Corp - CCB, China Minsheng Banking Corp Ltd, DBS, HSBC, Industrial & Commercial Bank of China - ICBC, Industrial Bank Co Ltd, and Standard Chartered Bank as bookrunners.
International DCM volume by Asian (ex Japan) Finance issuers stands at $74.5bn via 224 deals this YTD, 22% decrease from the $95.6bn raised in the same period last year, despite increase of deals from 184 deals. Average size of such deals decreased by $187m to $333m this year to date.
HSBC leads the International DCM league table in 2018 YTD with $15.1bn. This is followed by Citi with $10.4bn, and Standard Chartered Bank with $8.4bn.
| Pos. | Bookrunner | Deal Value ($m) | No. | %share |
|---|---|---|---|---|
| 1 | HSBC | 15,052.8 | 130 | 8.41 |
| 2 | Citi | 10,401.8 | 82 | 5.81 |
| 3 | Standard Chartered Bank | 8,372.5 | 85 | 4.68 |
| 4 | Bank of China | 8,190.1 | 85 | 4.58 |
| 5 | JPMorgan | 6,519.5 | 42 | 3.64 |
