Dealogic League Table Round-up November 27

Asia (ex Japan) FIG new listings* volume at highest level in five years

Equity Capital Markets

A total of $3.2 billion has been raised in the equity capital markets in Asia (ex Japan) so far this week through 17 deals, compared to the $3.7 billion raised in the same period last week.

Bank of Qingdao’s $607 million IPO through a consortium of 11 bookrunners was the largest deal of the week.

It brings Asia (ex Japan) FIG new listings* volume to $24.0 billion so far this year, compared to $1.9 billion in the same period last year and the highest YTD total since 2010 ($55.2 billion)

CITIC Securities continues to lead league table ranking with $16.4 billion. UBS and Goldman Sachs follow with $14.2 billion and $14.1 billion, respectively.

*includes primary and secondary listings

Asia (ex Japan) ECM Bookrunner Rankings - 2015 YTD
  Bookrunner Deal Value ($m) No. %share
1 CITIC Securities 16,358 61 7.2
2 UBS 14,207 52 6.3
3 Goldman Sachs 14,146 47 6.2
4 Morgan Stanley 10,701 62 4.7
5 Credit Suisse 8,321 48 3.7
6 Guotai Junan Securities 8,104 41 3.6
7 JP Morgan 7,080 35 3.1
8 Haitong Securities 6,740 66 3.0
9 Deutsche Bank 6,475 28 2.9
10 China Merchants Securities 5,848 39 2.6

Debt Capital Markets

Eight issuers have tapped the Asia (ex Japan) G3 capital markets for a total of $2.4 billion so far this week, down from the $3.2 billion raised in the same period last week.

The largest deal of the week is a $600 million Corp IG bond for Guangzhou Metro Investment Finance (BVI) Ltd through bookrunners HSBC, China Minsheng Banking Corp, China Construction Bank Corp, Bank of Communications, Bank of China and Guangzhou Yuexiu Holdings.

Asia (ex Japan) G3 Corp IG bond volume totals $74.0 billion so far this year, down 14% on the record $86.2 billion raised in 2014 YTD. Chinese issuers account for more than half the issuance with $45.5bn, but volume is still down 12% year-on-year.

HSBC leads the league table ranking with $19.0 billion in 2015 YTD while Citi and Bank of America Merrill Lynch follow with $16.0 billion and $11.9 billion, respectively.

Asia (ex Japan) G3 DCM Bookrunner Rankings - 2015 YTD
  Bookrunner Deal Value ($m) No. %share
1 HSBC 19,042 118 10.6
2 Citi 15,951 89 8.8
3 Bank of America Merrill Lynch 11,940 77 6.6
4 JP Morgan 11,935 66 6.6
5 Deutsche Bank 10,947 71 6.1
6 Standard Chartered Bank 10,318 60 5.7
7 Goldman Sachs 7,758 36 4.3
8 Morgan Stanley 7,446 43 4.1
9 Bank of China 6,433 53 3.6
10 BNP Paribas 6,076 45 3.4

 

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