Dealogic League Table Round-up June 8

Record number of international DCM deals for Asia (ex Japan).

Equity Capital Markets

Asia (ex Japan) ECM volume stands at $3.0bn via 19 deals so far this week (three IPOs, 13 follow-ons and three convertible), compared to the $3.2bn via 28 deals completed in the previous week.

On June 5, Chinese issuer Jiangsu Guoxin Corp completed a $624m follow-on via China Securities as bookrunner.

14 Asia (ex Japan) ECM transactions are expected to price next week (10 IPOs and four follow-ons), for an estimated total of $715m. The largest expected deal is Vcredit Holdings' $188m IPO via Bank of China, Credit Suisse, Deutsche Bank, Goldman Sachs, Haitong Securities and JPMorgan as bookrunners.

Goldman Sachs took over the first place in the ECM league table with $10.5bn this YTD, Citi follows this with $9.7bn, and Morgan Stanley is the third with $7.5bn.

Asia (ex Japan) ECM Bookrunner Rankings - 2018 YTD
Pos. Bookrunner Deal Value ($m) No. %share
1 Goldman Sachs 10,526.0 35 9.22
2 Citi 9,651.8 44 8.45
3 Morgan Stanley 7,472.8 26 6.54
4 China Securities Co Ltd 7,107.6 22 6.22
5 China International Capital Corp Ltd 6,725.3 16 5.89
6 Bank of America Merrill Lynch 5,384.7 11 4.71
7 Credit Suisse 4,935.4 34 4.32
8 CITIC Securities 4,904.3 28 4.29
9 Huatai Securities Co Ltd 3,723.2 16 3.26
10 JPMorgan 3,086.2 19 2.70
SOURCE: Dealogic

Debt Capital Markets

Asia (ex Japan) international DCM witnessed an increase of 28% from the $4.2bn last week to $5.4bn this week via 10 deals.

The largest deal of the week goes to Industrial & Commercial Bank of China (London) priced a $1.6bn bond with a consortium of 17 banks as bookrunners. This also marks the largest bond priced from ICBC and with the largest syndicate group this year to date.

This year to date shows the highest number of deals on record with 452 transactions compared to YTD 2017 with 394 transactions, despite the lower volume ($174.0bn in YTD 2018 and $182.4bn in YTD 2017).

HSBC leads Asia (ex Japan) International DCM league table in 2018 YTD with $14.4bn, Citi follows it with $9.9bn, and Standard Chartered Bank is the third with $8.2bn.

Asia (ex Japan) International DCM Bookrunner Rankings - 2018 YTD
Pos. Bookrunner Deal Value ($m) No. %share
1 HSBC 14,441.8 123 8.33
2 Citi 9,930.3 78 5.72
3 Standard Chartered Bank 8,172.8 82 4.71
4 Bank of China 7,988.9 82 4.61
5 BNP Paribas 6,024.7 53 3.47
6 JPMorgan 5,995.0 40 3.46
7 DBS 5,798.6 63 3.34
8 Goldman Sachs 5,593.2 27 3.22
9 Bank of America Merrill Lynch 5,580.7 39 3.22
10 Credit Suisse 5,113.0 42 2.95
SOURCE: Dealogic

 

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