Dealogic League Table Round-up October 23

China Huarong and China Re priced the third and fourth largest Hong Kong new listing in 2015 YTD

Equity Capital Markets

A total of $4.8 billion has been raised in the Asian equity capital markets through nine deals so far this week, compared with $873 million raised in the same period last week via 16 deals.

The largest deal of the week is China Huarong Asset Management’s $2.3 billion IPO, followed by China Reinsurance’s $2.0 billion listing. These two deals stand as the third and fourth largest new listing* on the Hong Kong Exchange so far this year.

Hong Kong is the top exchange for global new listing volume with $25.1 billion in 2015 YTD, up 42% year-on-year and highest level since 2011 ($28.4 billion).   

CITIC Securities leads the league table ranking with $15.3 billion. UBS and Goldman Sachs follow with $14.0 billion and $13.3 billion, respectively.

* New listings include both primary and secondary listings

Asia (ex Japan) ECM Bookrunner Rankings - 2015 YTD
  Bookrunner Deal Value ($m) No. %share
1 CITIC Securities 15,307 56 7.3
2 UBS 14,019 49 6.7
3 Goldman Sachs 13,319 41 6.4
4 Morgan Stanley 9,362 54 4.5
5 Credit Suisse 7,913 46 3.8
6 Guotai Junan Securities  7,423 37 3.5
7 JP Morgan 6,927 32 3.3
8 Haitong Securities 6,084 59 2.9
9 Deutsche Bank 5,802 25 2.8
10 China Merchants Securities 5,573 33 2.7

Debt Capital Markets

Dongfeng Motor (Hong Kong) International’s $567 million bond and Hyundai Capital Services’ $296 million issuance are the only two G3 DCM deals in Asia (ex Japan) this week, compared to $1.4 billion via two deals from the same period last week.

Total Asia (ex Japan) G3 issuance has reached $160.8 billion so far this year, down on the $169.5 billion from 2014 YTD.

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

Asia (ex Japan) G3 DCM Bookrunner Rankings - 2015 YTD
  Bookrunner Deal Value ($m) No. %share
1 HSBC 17,130 108 10.7
2 Citi 14,142 80 8.8
3 JPMorgan 11,304 59 7.0
4 Deutsche Bank 9,821 66 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 6,988 40 4.4
9 Bank of China 5,738 44 3.6
10 DBS 4,976 33 3.1

 

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