Dealogic League Table Round-up June 24

Equity Capital Markets

Asia (ex Japan) issuers have raised $3.9 billion through 14 deals so far this week, up from the $2.5 billion raised in the same period last week.

The most notable transaction this week is Poly Real Estate Group’s $1.4 billion follow-on through sole bookrunner CITIC Securities. The deal is the largest Real Estate sector issuance in Asia (ex Japan) so far this year and the biggest Real Estate A-share deal on record, followed by China Vanke’s$1.3 Follow-on in August 2007.

The deal help push Real Estate sector ECM volume in Asia (ex Japan) to $8.3 billion so far this year, down slightly on the $8.5 billion raised in the same 2015 period. Chinese issuance accounted for 78% of the region’s volume at $6.5 billion and the highest YTD volume for the sector on record.

CITIC Securities continues its helm at the top of the league table ranking with $7.6 billion in 2016 YTD. Morgan Stanley and GF Securities follow with $7.1 billion and $6.7 billion, respectively.

Debt Capital Markets

The Asia (ex Japan) G3 debt capital markets saw three issuers tap the market for a combined total of $862 million so far this week, down from the $3.3 billion raised in the same period last week.

Xihui Haiwai I Investment Holdings and Hanrui Overseas Investment both raised $300 million in what are the largest G3 bond deals this week in the region.

Chinese issuers have tapped the G3 bond markets for $51.6 billion so far this year, down from $61.7 billion raised in 2015 YTD but still mark the second highest YTD level on record.

HSBC remains at the G3 bond league table in Asia (ex Japan) with $11.1 billion. Bank of America Merrill Lynch and Citi follow with $7.9 billion and $7.7 billion, respectively.