Dealogic League Table Round-up October 19

Huaneng Power International completed a $471 million follow-on via CITIC Securities in ECM, as Industrial & Commercial Bank of China with $1 billion top the list for DCM.

Equity Capital Markets

Asia (ex Japan) ECM volume stands at $1.7bn via 16 deals so far this week compared to the $300m via 14 deals completed in the previous week.

Chinese issuer Huaneng Power International completed a $471m follow-on via CITIC Securities in what is the largest Asia (ex Japan) ECM transaction this week.

Asia (ex Japan) Utility & Energy ECM volume stands at $4.4bn via 25 deals in 2018 YTD, down from $6.9bn in the same 2017 period and the lowest YTD volume since 2009 ($4.2bn). Only 25 deals were completed so far this year, down from 38 deals in 2017 YTD and the lowest activities since 2008 (15 deals).

Goldman Sachs leads Asia (ex Japan) ECM market with $15.0bn, followed by Citi with $12.1bn and Morgan Stanley with $11.4bn.

 

Asia (ex Japan) ECM Bookrunner Rankings - 2018 YTD
Pos. Bookrunner Deal Value ($m) No. %share
1 Goldman Sachs 14,977.6 62 8.27
2 Citi 12,113.4 70 6.57
3 Morgan Stanley 11,396.3 49 6.21
4 China International Capital Corp Ltd 10,502.0 38 5.76
5 China Securities Co Ltd 9,613.8 41 5.32
6 Credit Suisse 7,771.4 55 4.20
7 Huatai Securities Co Ltd 7,329.4 30 4.05
8 Bank of America Merrill Lynch 7,260.6 22 3.94
9 CITIC Securities 2,219.3 45 3.72
10 UBS 6,384.5 38 3.52
SOURCE: Dealogic

Debt Capital Markets

Asia (ex Japan) international DCM totaled $5.9bn via 19 deals this week, compared to $4.9bn via 9 deals in the previous week. 

The largest deal of the week goes to Industrial & Commercial Bank of China with $1bn proceeds via Bank of Communications, Barclays, BNPP, Cathay United Bank, Citi, Commerzbank, HSBC, Industrial & Commercial Bank of China, Mizuho, SG Corporate & Investment Banking, and Standard Chartered.

In Asia (ex Japan) International DCM, floating rate bonds has reached its largest YTD volume again with $38.5bn via 68 deals compared to second largest in 2017 YTD with $26.8bn via 47 deals.

HSBC leads the Asia (ex Japan) international DCM league with $22.5bn. This is followed by Citi with $15.5bn and Standard Chartered Bank with $12.3bn.

Asia (ex Japan) International DCM Bookrunner Rankings - 2018 YTD
Pos. Bookrunner Deal Value ($m) No. %share
1 HSBC 22,497.5 194 8.37
2 Citi 15,506.7 121 6.01
3 Standard Chartered Bank 12,316.4 118 4.54
4 Bank of China 11,204.9 119 4.24
5 DBS 10,021.8 97 3.78
6 JPMorgan 9,627.5 70 3.55
7 Credit Agricole CIB 9,213.9 92 3.49
8 BNP Paribas 9,163.9 82 3.48
9 Bank of America Merrill Lynch 8,628.8 64 3.39
10 Morgan Stanley 7,990.7 56 3.01
SOURCE: Dealogic

 

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