Equity Capital Markets
Asia (ex-Japan) ECM volume stands at $209m via 5 deals so far this week (5 follow-ons) down from the $6.4bn via 50 deals completed in the previous week.
On October 3, Malaysia Airports Holdings completed a $113m follow-on via Maybank and Credit Suisse, the largest Asia (ex-Japan) ECM transaction this week.
Asia (ex-Japan) Transportation ECM volume stands at $11.0bn via 53 deals so far this year, up from $7.6bn via 35 deals in 2016 YTD. Follow-on accounts for 65% of total volume with $7.2bn via 27 deals so far in 2017, up from the $6.1bn raised in the same 2016 period.
CITIC Securities leads the ECM league table with $9.9 bn in 2017 YTD, followed by Goldman Sachs with $8.3bn and China International Capital Corp is third with $8.2bn.
| Asia (ex Japan) ECM Bookrunner Rankings - 2017 YTD | ||||
| Bookrunner | Deal Value ($m) | No. | %share | |
| 1 | CITIC Securities | 9,864.7 | 62 | 5.96 |
| 2 | Goldman Sachs | 8,339.7 | 35 | 5.04 |
| 3 | China International Capital Corp | 8,155.1 | 41 | 4.93 |
| 4 | Citi | 7,091.8 | 49 | 4.28 |
| 5 | Guotai Junan Securities | 6,707.6 | 46 | 4.05 |
| 6 | China Securities | 6,137.8 | 37 | 3.71 |
| 7 | Morgan Stanley | 5,708.5 | 33 | 3.45 |
| 8 | UBS | 5,683.5 | 28 | 3.43 |
| 9 | Haitong Securities | 5,059.5 | 52 | 3.06 |
| 10 | Huatai Securities | 4,513.8 | 28 | 2.73 |
Debt Capital Markets
Asia (ex-Japan) issuers have tapped the G3 markets for $680m via 2 deals this week, down from the $8.5bn raised last week (16 deals).
This marks the second lowest weekly volume this year behind the week of 30th January ($606.5m).
HSBC leads the G3 DCM league table in 2017 YTD with $22.3bn. This is followed by Citi with $17.9bn and Standard Chartered Bank with $13.6bn.
| Asia (ex Japan) G3 DCM Bookrunner Rankings - 2017 YTD | ||||
| Bookrunner | Deal Value ($m) | No. | %share | |
| 1 | HSBC | 22,327.6 | 161 | 8.41 |
| 2 | Citi | 17,882.1 | 124 | 6.74 |
| 3 | Standard Chartered Bank | 13,614.7 | 103 | 5.13 |
| 4 | Bank of China | 12,524.5 | 106 | 4.72 |
| 5 | JPMorgan | 12,157.6 | 83 | 4.58 |
| 6 | Deutsche Bank | 11,973.1 | 69 | 4.51 |
| 7 | Bank of America Merrill Lynch | 11,258.3 | 70 | 4.24 |
| 8 | Goldman Sachs | 9,480.4 | 47 | 3.57 |
| 9 | BNP Paribas | 9,206.5 | 61 | 3.47 |
| 10 | Morgan Stanley | 8,939.6 | 58 | 3.37 |
