Dealogic League Table Round-up Jun 22

ECM and DCM by Finance Issuers down year on year

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.

Asia (ex Japan) ECM Bookrunner Rankings - 2018 YTD
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
6 Bank of America Merrill Lynch 5,411.8 12 4.50
7 CITIC Securities 5,405.5 32 4.50
8 Credit Suisse 4,964.5 35 4.13
9 Huatai Securities Co Ltd 3,860.2 18 3.21
10 JPMorgan 3,230.4 21 2.69
SOURCE: Dealogic

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.

Asia (ex Japan) International DCM Bookrunner Rankings - 2018 YTD
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
6 BNP Paribas 6,212.5 55 3.47
7 DBS 5,878.5 66 3.29
8 Goldman Sachs 5,686.0 28 3.18
9 Bank of America Merrill Lynch 5,580.7 39 3.12
10 Credit Suisse 5,113.0 42 2.86
SOURCE: Dealogic

 

¬ Haymarket Media Limited. All rights reserved.