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 $11.1bn.
| Pos. | Bookrunner | Deal Value ($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 |
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 $11.5bn.
| Pos. | Bookrunner | Deal Value ($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 |
