Dealogic roundup

Dealogic league table roundup, August 5

Despite global pessimism, Founder Securities’ completes China’s fifth-biggest IPO with a $905 million offering.
August 05, 2011

Equity capital markets
Activity in the equity capital markets totalled $2.7 billion this week from 12 issues, with year-to-date IPO volume reaching $118 billion, down 15% from the $138.6 billion raised in the same period in 2010.

The top three standings in the league table remain unchanged with Goldman Sachs leading with $10.4 billion, followed by Morgan Stanley and Deutsche Bank.

Founders Securities’ $905 million offering was the biggest issue this week, led by Ping An Securities and CITIC Securities. The deal was also the fifth-biggest Chinese IPO this year and the first finance sector Chinese IPO to complete this year.

Top 10 Asia ex-Japan ECM bookrunner rankings

    Bookrunner parents Value ($m) No. %
  1 Goldman Sachs 10,410 31 8.8
  2 Morgan Stanley 8,203 35 7.0
  3 Deutsche Bank 5,867 29 5.0
  4 Credit Suisse 5,453 29 4.6
  5 UBS 5,234 29 4.4
  6 Bank of America Merrill Lynch 4,454 17 3.8
  7 J.P. Morgan 4,073 28 3.5
  8 Citi 4,030 30 3.4
  9 CICC 3,293 15 2.8
  10 Guosen Securities 3,098 22 2.6

 

Debt capital markets
Two borrowers raised a total of $868 million in the debt capital markets this week. HSBC leads the league table ranking with $8.3 billion, followed by Citi and Deutsche Bank.

The biggest deal of the week was a $498 million bond for National Agricultural Cooperative Federation led by Citi, Credit Agricole, Deutsche Bank, Bank of America Merrill Lynch and Standard Chartered.

Top 10 Asia ex-Japan DCM bookrunner rankings

    Bookrunner parents Value ($m) No. %
  1 HSBC 8,341 50 12.6
  2 Citi 5,514 33 8.3
  3 Deutsche Bank 5,020 29 7.6
  4 UBS 4,472 24 6.8
  5 Goldman Sachs 4,147 20 6.3
  6 J.P. Morgan 4,113 25 6.2
  7 Standard Chartered 3,950 33 6.0
  8 RBS 3,332 27 5.0
  9 Bank of America Merrill Lynch 3,285 21 5.0
  10 Barclays Capital 3,181 19 4.8