Dealogic League Table Roundup August 28

India Oil Corp’s $1.4 billion follow-on is the third largest Indian ECM transaction in 2015 YTD

Equity Capital Markets

A total of $2.5 billion has been raised in the Asian equity capital markets through 13 deals so far this week, down 26% from the $3.4 billion raised in the same period last week. Activity is also down compared to the 28 deals completed last week and is the lowest weekly activity since February 16 (10 deals).

The largest deal of the week is Indian Oil’s $1.4 billion follow-on through bookrunners Citi, Deutsche Bank, JM Financial, Kotak Mahindra Bank and Nomura.

The deal is the third largest Indian ECM transaction so far this year and marks the fifth sell down by the government in 2015 YTD.

India ECM volume stands at $16.4 billion so far this year, more than double the $7.6 billion raised in the same 2014 period.

CITIC Securities leads the league table ranking with $14.3 billion. UBS and Goldman Sachs follow with $13.5 billion and $12.7 billion, respectively.

Asia (ex Japan) ECM Bookrunner Rankings - 2015 YTD
  Bookrunner Deal Value ($m) No. %share
1 CITIC Securities 14,320 49 7.5
2 UBS 13,456 46 7.0
3 Goldman Sachs 12,733 37 6.7
4 Morgan Stanley 8,286 47 4.3
5 Credit Suisse 7,303 41 3.8
6 Guotai Junan Securities  7,270 35 3.8
7 JP Morgan 6,643 31 3.5
8 Haitong Securities  5,765 52 3.0
9 Deutsche Bank 5,394 21 2.8
10 Citi 4,503 32 2.4

Debt Capital Markets

Future Days is the one issuer to tap the G3 debt capital markets this week, compared to $4.0 billion raised in the same period last week through eight deals.

HSBC continues to top the league table ranking with $15.5 billion in 2015 YTD while Citi and JP Morgan follow with $13.2 billion and $10.6 billion, respectively.

Asia (ex Japan) G3 DCM Bookrunner Rankings - 2015 YTD
  Bookrunner Deal Value ($m) No. %share
1 HSBC 15,545 97 10.7
2 Citi 13,229 72 9.1
3 JP Morgan 10,592 54 7.3
4 Deutsche Bank 9,194 62 6.3
5 Bank of America Merrill Lynch 8,771 58 6.0
6 Standard Chartered Bank 8,457 49 5.8
7 Goldman Sachs 6,591 27 4.5
8 Morgan Stanley 6,259 35 4.3
9 Bank of China 5,005 38 3.4
10 DBS 4,704 31 3.2

 

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