Dealogic League Table Round-up Jun 9

Asia ex Japan International Perpetual Bond Issuance record high this YTD.

Equity Capital Markets

Asia (ex Japan) issuers have raised a total of $5.8bn through 23 deals this week, up from the $1bn raised last week via 20 deals.

On June 8, State Bank of India completed a $2.3bn follow-on, via a consortium of six bookrunners Kotak Mahindra Bank, State Bank of India, Bank of America Merrill Lynch, Deutsche Bank, IIFL Holdings and JM Financial, in what is the largest Asia (ex Japan) ECM transaction this week and also the third largest Finance ECM transaction in the region so far this year.

China International Capital Corp Ltd leads the ECM league table with $6.9bn in 2017 YTD, followed by CITIC Securities with $6.89bn and Goldman Sachs is third with $5.4bn.

Asia (ex Japan) ECM Bookrunner Rankings - 2017 YTD
Pos. Bookrunner Deal Value ($m) No. %share
1 China International Capital Corp Ltd 6,898.0 30 6.88
2 CITIC Securities 6,893.2 33 6.88
3 Goldman Sachs 5,353.0 18 5.34
4 China Securities Co Ltd 4,865.0 27 4.85
5 Guotai Junan Securities Co Ltd 4,406.3 29 4.4
6 UBS 3,650.6 17 3.64
7 Haitong Securities Ltd 3,634.7 33 3.63
8 Morgan Stanley 3,597.0 21 3.59
9 Citi 3,223.3 24 3.22
10 GF Securities Co Ltd 2,781.4 32 2.78

Debt Capital Markets

Eleven Asia (ex Japan) issuers have tapped the G3 debt capital markets this week for a total of $4.4bn, down 10% on the $4.9bn issued last week via 9 deals.

The largest deal this week was priced China Merchants Bank Co Ltd (New York), a $800m USD-denominated bond, via a consortium of bookrunners.

Asia (ex Japan) international perpetual bond issuance is at $17.5bn via 31 deals this year-to-date. This marks the highest year-to-date figure on record. There has been at least one perpetual bond priced in the region each week for the last 12 consecutive weeks.

HSBC leads the G3 DCM league table in 2017 YTD with $15.1bn. This is followed by Citi with $12bn and Standard Chartered Bank with $9.4bn.

Asia (ex Japan) G3 DCM Bookrunner Rankings - 2017 YTD
Pos. Bookrunner Deal Value ($m) No. %share
1 HSBC 15,105.1 94 9.07
2 Citi 12,479.5 82 7.5
3 Standard Chartered Bank 9,363.3 62 5.62
4 Deutsche Bank 8,089.5 42 4.86
5 JPMorgan 8,085.1 49 4.86
6 Bank of China 7,605.0 62 4.57
7 Bank of America Merrill Lynch 6,647.3 41 3.99
8 Goldman Sachs 5,476.7 25 3.29
9 Morgan Stanley 5,216.5 33 3.13
10 UBS 4,958.6 38 2.98

 

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