Dealogic League Table Round-up October 16

Asian ex-Japan issuers raised $337 million through 14 deals compared to $483 million the previous week.

Equity Capital Markets

Asian ex-Japan issuers have raised $337 million through 14 deals so far this week, compared to $483 million in the same period last week. The largest transaction this week is an $81 million follow-on for Jiangsu Wuzhong Industrial through sole bookrunner Soochow Securities.

China Re's $2b initial public offering is not included in the total as it priced late on Friday.

The top three banks leading the league table ranking remain unchanged with CITIC Securities in first place with $15.1 billion in 2015 YTD while UBS and Goldman Sachs follow with $13.9 billion and $13.2 billion, respectively.

Asia (ex Japan) ECM Bookrunner Rankings - 2015 YTD
         
Pos. Bookrunner Deal Value ($m) No. %share
1 CITIC Securities 15,097 54 7.4
2 UBS 13,913 48 6.8
3 Goldman Sachs 13,214 40 6.5
4 Morgan Stanley 8,595 50 4.2
5 Credit Suisse 7,703 44 3.8
6 Guotai Junan Securities Co Ltd 7,275 36 3.6
7 JPMorgan 6,927 32 3.4
8 Haitong Securities Ltd 6,084 59 3.0
9 Deutsche Bank 5,591 23 2.7
10 China Merchants Securities Co Ltd 5,468 32 2.7

Debt Capital Markets

Two issuers tapped the G3 debt capital markets in Asia ex-Japan so far this week for $1.4 billion, compared to just one deal last week for $500 million.

Agricultural Bank of China’s $900 million trade was the largest deal of the week through bookrunners Standard Chartered Bank, JPMorgan, Goldman Sachs, Morgan Stanley, HSBC, Wells Fargo Securities, Barclays, Agricultural Bank of China and Bank of America Merrill Lynch.

Asia (ex Japan) G3 FIG issuance stands at $43.1 billion so far this year, down slightly from the record $44.4 billion raised in the same period last year. Chinese issuers account for 75% of G3 FIG issuance in 2015 YTD with $32.4 billion, up 43% year-on-year.

HSBC continues to lead the league table ranking with $17.1 billion in 2015 YTD while Citi and JPMorgan follow with $14.1 billion and $11.3 billion, respectively.

         
Asia (ex Japan) G3 DCM Bookrunner Rankings - 2015 YTD
         
Pos. Bookrunner Deal Value ($m) No. %share
1 HSBC 17,067 107 10.7
2 Citi 14,142 80 8.8
3 JPMorgan 11,304 59 7.1
4 Deutsche Bank 9,758 65 6.1
5 Standard Chartered Bank 9,607 56 6.0
6 Bank of America Merrill Lynch 9,425 62 5.9
7 Goldman Sachs 7,362 33 4.6
8 Morgan Stanley 6,890 39 4.3
9 Bank of China 5,675 43 3.6
10 DBS 4,976 33 3.1

 

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