Dealogic League Table Round-up September 21

China Everbright International follow-on dominates ECM, while China Construction Bank (Hong Kong) pulls off major DCM deal.

Equity Capital Markets

Asia (ex Japan) ECM volume stands at $4.2bn via 14 deals so far this week compared to the $7.0bn via 29 deals completed in the previous week.

Chinese issuer China Everbright International completed a $1.3bn follow-on via China International Capital Corp in what is the largest Asia (ex Japan) ECM transaction this week.

Asia (ex Japan) Utility & Energy ECM volume stands at $3.7bn via 22 deals in 2018 YTD, the second consecutive year-on-year decrease since 2016 ($9.9bn via 37 deals) and the lowest YTD volume since 2006 ($1.1bn).

Goldman Sachs leads with $14.9bn followed by Citi with $11.9bn and Morgan Stanley with $11.1bn.

Asia (ex Japan) ECM Bookrunner Rankings - 2018 YTD
Pos. Bookrunner Deal Value ($m) No. %share
1 Goldman Sachs 14,937.8 61 8.49
2 Citi 11,902.9 68 6.77
3 Morgan Stanley 11,086.1 46 6.30
4 China International Capital Corp Ltd 10,197.6 35 5.80
5 China Securities Co Ltd 8,794.4 38 5.00
6 Credit Suisse 7,307.9 51 4.16
7 Bank of America Merrill Lynch 7,106.9 21 4.04
8 CITIC Securities 6,719.0 45 3.82
9 Huatai Securities Co Ltd 6,465.3 29 3.68
10 JPMorgan 5,887.7 38 3.35
SOURCE: Dealogic

Debt Capital Markets

Asia (ex Japan) international DCM totaled $8.5bn via 17 deals this week, compared to $10.4bn via 18 deals in the previous week.            

The largest deal of the week goes to China Construction Bank (Hong Kong) with $1bn proceeds via a consortium of 15 banks.

In Asia (ex Japan) International DCM, investment grade bonds shows greater interest in floating rate with $37.2bn via 65 deals this year to date while second largest volume goes to 2017 YTD with $24.5bn via 44 deals.

HSBC leads the international DCM league with $20.9bn. This is followed by Citi with $15.0bn and Standard Chartered Bank with $11.5bn.

Asia (ex Japan) International DCM Bookrunner Rankings - 2018 YTD
Pos. Bookrunner Deal Value ($m) No. %share
1 HSBC 20,891.8 191 8.37
2 Citi 15,018.7 118 6.02
3 Standard Chartered Bank 11,457.8 117 4.59
4 Bank of China 10,560.4 117 4.23
5 DBS 9,350.9 95 3.75
6 JPMorgan 8,895.5 67 3.57
7 Bank of America Merrill Lynch 8,628.8 64 3.46
8 BNP Paribas 8,602.4 79 3.45
9 Credit Agricole CIB 8,563.9 89 3.43
10 Morgan Stanley 7,666.1 56 3.07
SOURCE: Dealogic

 

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