Dealogic League Table Roundup April 24

Sinopec Group Overseas Development completes the seventh largest oil & gas sector bond on record globally

Equity Capital Markets
A total of $4.4 billion has been raised in Asian equity capital markets this week through 29 deals, down from the $7.6 billion raised in the same period last week.

The largest deal of the week is a $3.2 billion sell-down in Sun Pharmaceutical’s by Daiichi Sankyo through sole bookrunner Goldman Sachs. The deal is also the fifth largest Indian ECM transaction on record.

Asia ex Japan accelerated offerings* volume has reached $22 billion in 2015 YTD, more than double the $10.7 billion raised in the same period last year. India accounts for 46% of the region’s volume with $10.1 billion, up from just $1.2 billion in the comparable 2014 period.

Goldman Sachs leads the league table ranking in 2015 YTD with $8.6 billion while UBS and CITIC Securities follow with $5.7 billion and $4.3 billion, respectively.

*includes accelerated offerings and bought deals

 

Asia (ex Japan) ECM Bookrunner Rankings - 2015 YTD
         
Pos. Bookrunner Deal Value ($m) No. %share
1 Goldman Sachs 8,560 21 11.7
2 UBS 5,700 26 7.8
3 CITIC Securities 4,343 20 6.0
4 Credit Suisse 3,542 12 4.9
5 Morgan Stanley 3,096 21 4.2
6 China Investment Securities  2,320 7 3.2
7 JP Morgan 2,097 13 2.9
8 China Everbright Group  1,932 5 2.6
9 Deutsche Bank 1,843 9 2.5
10 Guotai Junan Securities  1,641 11 2.3

 

Debt Capital Markets
Five issuers tapped the Asian G3 debt capital markets for a total of $10.7 billion so far this week, up from the $7.2 billion raised in the same period last week.

Volume was primarily driven by Sinopec Group Overseas Development’s dual-currency $6.4 billion bond through a consortium of 15 bookrunners. The deal is the largest dual-currency G3 bond from an Asia ex Japan issuer on record and also the seventh biggest Oil & Gas sector on record globally.

G3 issuance from the Oil & Gas sector stands at $13.4 billion through 10 deals, the highest YTD volume on record and up slightly from the $12.2 billion raised in the same period last year.

HSBC continues to lead the league table ranking with $9 billion while Citi and Deutsche Bank follow with $7 billion and $5.3 billion, respectively.

 

Asia (ex Japan) G3 DCM Bookrunner Rankings -  2015 YTD
         
  Bookrunner Deal Value ($m) No. %share
1 HSBC 8,989 46 11.9
2 Citi 7,031 31 9.3
3 JP Morgan 5,286 25 7.0
4 Deutsche Bank 5,166 32 6.8
5 Bank of America Merrill Lynch 4,974 33 6.6
6 Morgan Stanley 4,918 25 6.5
7 Standard Chartered  4,627 22 6.1
8 Goldman Sachs 2,451 10 3.3
9 Bank of China 2,403 15 3.2
10 ICBC 2,308 11 3.1

 

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