Dealogic league table roundup, April 8

Wuhan Iron & Steel’s $1.3 billion follow-on pushes GF Securities up the equities ladder.

Equity capital markets
Eight issuers raised a total of $2.3 billion from the equity capital markets this week. Goldman Sachs remains at the top of the league table ranking with $4.8 billion, followed by Deutsche Bank and Credit Suisse.

Wuhan Iron & Steel’s $1.3 billion follow-on was the largest deal of the week, accounting for the bulk of issuance. GF Securities led the deal, which helped push the domestic Korean house into the top 10.

Baoding Tianwei Baobian Electric’s $382 million follow-on, led by China Merchants Securities, and China NT Pharma’s $242 million IPO, led by Goldman Sachs and UBS, are set to price next week.

Top 10 Asia ex-Japan ECM bookrunner rankings

    Bookrunner parents Value ($m) No. %
  1 Goldman Sachs 4,785 8 9.3
  2 Deutsche Bank 3,152 8 6.1
  3 Credit Suisse 2,658 9 5.2
  4 UBS 2,419 14 4.7
  5 GF Securities 2,207 5 4.3
  6 Guosen Securities 2,018 14 3.9
  7 Citi 1,884 15 3.7
  8 DBS 1,846 4 3.6
  9 Morgan Stanley 1,739 12 3.4
  10 Ping An Securities 1,519 10 2.9

 


 

Debt capital markets
Issuance reached $1.5 billion this week from four deals, pushing volume for the year so far to $27.3 billion. HSBC leads the field in the league table ranking with $2.8 billion followed by JPMorgan and Deutsche Bank.

The largest deal of the week was Posco’s $700 million issue, led by Goldman Sachs, Deutsche Bank, BNP Paribas and Barclays Capital. The deal pushed Deutsche Bank to third spot, having also worked on the $300 million bond for Fufeng Group with Citi.

Top 10 Asia ex-Japan DCM bookrunner rankings

    Bookrunner parents Value ($m) No. %
  1 HSBC 2,799 18 10.3
  2 JPMorgan 2,360 12 8.7
  3 Deutsche Bank 2,043 13 7.5
  4 Goldman Sachs 2,029 8 7.4
  5 Citi 1,981 12 7.3
  6 Standard Chartered Bank 1,805 16 6.6
  7 Barclays Capital 1,711 8 6.3
  8 RBS 1,295 12 4.7
  9 Bank of America Merrill Lynch 1,229 10 4.5
  10 Morgan Stanley 1,080 8 4.0

 

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